Next Week

September 21, 2012

This will be the last week of the third quarter and the first half of Japan’s fiscal year.

Central bank interest rate policy meetings are scheduled in Israel, the Czech Republic, Hungary and Romania. 

Quite a few nations will be reporting retail sales, consumer and/or producer prices and trade figures.

  • Retail sales are arriving in Hungary, Romania, Italy, Spain, Greece, Sweden, and Portugal.
  • Germany, Italy, Spain, Belgium and Singapore release consumer prices, while Singapore, Spain, the Netherlands, Brazil, Malaysia, South Africa, Greece, France, Sweden, Italy, and Finland are set to announce their PPI results.
  • Trade numbers are due in Indonesia, Hong Kong, Sweden, Turkey, Thailand, South Africa, Iceland, and New Zealand.  In addition, Great Britain, Spain, Hong Kong, Hungary, Brazil and Switzerland are announcing current account results.

The U.S. data calendar features revised GDP and several housing market measures: the Case-Shiller price index, the FHFA house price index, new home sales, and pending home sales.  Some other releases include the Chicago Fed National Activity Index, the Chicago and Milwaukee PMIs, durable goods orders, the U. Michigan consumer sentiment index, and weekly readings for jobless insurance claims, chain store sales, consumer comfort, mortgage applications, and energy inventories.  Two of the Fed officials talking in public next week are Williams and Plosser.  Treasury Secretay Geithner also speaks publicly.

Euroland reports the preliminary CPI estimate, money and credit growth, and a variety of sentiment gauges.  Germany will be reporting the IFO business climate index, import prices, consumer confidence, labor statistics and consumer prices.  French GDP, business sentiment and consumer spending arrive, and so do Italian and Finnish consumer confidence, Dutch GDP, and Finnish unemployment.  ECB President Draghi and German Chancellor Merkel hold talks on Tuesday.

Like the United States, Britain will be reporting its final second-quarter GDP revision.  The CBI distributive trades monthly survey, U.K. consumer confidence, and mortgage approval figures arrive, too.  Danish and Norwegian unemployment will be reported as well as Swedish consumer confidence, the Swiss consumption indicator, and Danish GDP. 

Japan announces its usual spate of end-month stuff covering industrial production, corporate service prices, consumer prices, household income and spending, labor statistics, retail sales, construction orders, housing starts, and the purchasing managers survey for manufacturers.

Canadian retail sales, wage earnings, and monthly GDP are scheduled. 

The leading economic indices arrive for South Africa and Switzerland, and New Zealand will be reporting business sentiment and building permits.

Copyright 2012, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.


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