Next Week

December 7, 2012

In the week to December 14, central bank interest rate meetings are being held at the Federal Reserve (with a press conference afterward), the Bank of Iceland, Bank Indonesia, the Bank of Korea, Bangko Sentral ng Pilipinas, and the Swiss National Bank. 

EU political leaders hold their semi-annual summit in Brussels on Thursday and Friday.

China will be releasing its monthly assortment of indicators: the CPI, PPI, trade balance, industrial production, bank lending, money growth, retail sales, fixed asset investment, and foreign direct investment.

The Bank of Japan reports the results of its fourth-quarter Tankan business survey, while the Cabinet Office will release revised GDP data.  Other scheduled data include the current account, money and lending growth, the economy watchers index and the tertiary index.

Industrial production figures arrive for India and MalaysiaSingapore releases retail sales, while South Korean producer prices are due.

The U.S. data calendar has a number of meaningful statistical releases: the trade deficit, consumer and producer prices, the NFIB gauge of small business sentiment, import prices, international capital flows, wholesale and business inventories, the preliminary Markit factory PMI survey, industrial production and capacity usage, and the IBD/TIPP Optimism index.  Also, weekly figures are due on jobless insurance claims, energy inventories, chain store sales, consumer comfort, and mortgage applications.

Canadian figures arrive for housing starts, the trade balance, manufacturing orders and sales, capacity utilization, and home prices.  Two Latin American releases next week will be Mexican trades and Brazilian retail sales.

In Australia, markets will get home loans, business confidence and conditions, and consumer confidence.  New Zealand’s business PMI gets reported, along with home prices.  South African industrial production, retail sales, consumer prices and producer prices arrive, as do Turkish GDP and current account results.

Flash PMI readings for Euroland, Germany and France highlight the common currency area’s data calendar.  Such also includes the Sentix measure of investor sentiment toward the Ezone, industrial production, consumer prices, third-quarter jobs growth, and the ZEW Institute of investor sentiment.  There will also be a ZEW survey reported for Germany, where wholesale prices, consumer prices and the trade and current account surpluses are due as well.  French, Spanish, Portuguese, Greek and Italian consumer price figures arrive.  So does the Irish construction PMI, Finnish and Dutch retail sales, and Belgian and Dutch trade numbers.

British releases include monthly labor statistics, the Royal Institute of Chartered Surveyors house price balance index, the Conference Board’s index of leading economic indicators, and the CBI survey of industrial trends.  Sweden and Denmark each report consumer prices.  Sweden also releases industrial production, while Denmark announces its latest current account result.  Swiss producer prices are due.

CPI figures are also arriving in Poland, the Czech Republic, and Hungary.  Czech and Hungarian industrial production arrives, and so does Romanian trade numbers.

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



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