Next Week

December 23, 2012

The week of Christmas has a short list of economic data releases and no major scheduled central bank meetings.

Japan is the only G7 economy not to celebrate the holiday.  Instead, the Emperor’s Birthday holiday will be observed on Monday.

Japan is also the only major economy to be releasing several important indicators: corporate service prices, housing starts, construction orders, the manufacturing purchasing managers index, small business sentiment, labor statistics consumer prices, retail sales, auto production, industrial output, and labor cash earnings.  Minutes from the Bank of Japan’s November Board meeting will be published.

Some of the other Asia releases in the coming week are Singapore industrial production, Hong Kong and Thai trade figures, and South Korean retail sales and industrial output.

The U.S. data calendar features the Richmond Fed manufacturing index, the Case Shiller house price index, new home sales, pending home sales, consumer confidence, the Chicago PMI, the U. Michigan consumer sentiment index, and weekly observations of jobless insurance claims, chain store sales, consumer comfort, mortgage applications, and energy inventories.

Britain’s Hometrack and Nationwide house price indices arrive. Sweden reports trade data.

Within the euro area, retail PMI results will be released for the whole area and France, Italy and Germany.  French GDP, consumer spending, and producer prices also get reported, as do Spanish retail sales, Dutch and Italian producer prices, and Italian business sentiment.

Turkish and South African trade data also are due.

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



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