Next Week
January 18, 2013
The Bank of Japan’s Policy Board meeting on Monday and Tuesday is eagerly awaited. Central banks in Canada, South Africa, Turkey and the Philippines are also scheduled next week. The Bank of Canada will be publishing a quarterly update of its Policy Report. Bank of Japan and Bank of England minutes of prior policy meetings arrive, as does the latest monthly assessment of the Japanese economy by the BOJ.
The annual World Economic Forum in Davos, Switzerland will be held from January 23 through January 26. European leaders and finance ministers are meeting early in the week. Inauguration ceremonies for U.S. President Barack Obama will be observed Monday when U.S. markets are closed for Martin Luther King Day. Obama’s second four-year term actually starts at noon on Sunday.
Scheduled U.S. data releases next week include the Richmond and Kansas City Fed monthly manufacturing surveys, the Chicago Fed National Activity Index, new and existing home sales, the FHFA housing price index, the Conference Board index of leading economic indicators, the preliminary manufacturing purchasing managers survey, and the usual weekly observations of jobless insurance claims, chain store sales, consumer comfort, energy inventories, and mortgage applications.
Japan will be reporting consumer prices, household spending, customs trade, the index of leading economic indicators, and the all industry index.
Other Asian data highlights next week include China’s flash manufacturing PMI and business sentiment index, South Korean GDP, Filipino and Hong Kong trades, Hong Kong and Singapore consumer prices, and Singapore and Taiwanese industrial production.
Preliminary purchasing managers surveys (manufacturing, services and composite scores) get reported for the euro area, Germany, and France. Euroland’s current account and preliminary estimate of consumer confidence are due as well. Both the ZEW index of investor sentiment toward Germany and the IFO German business climate index arrive, as do German producer prices and import prices. Some of the other notable national data releases next week among members of the euro area involve French business sentiment, Italain retail sales, Dutch consumer confidence and consumer spending, Spanish and Finnish producer prices, Belgium’s business climate, the Portuguese and Greek current accounts, and Greek and Spanish trade numbers.
From the rest of Europe, Britain will be releasing its public sector balances, unemployment and wage earnings, 4Q GDP, mortgage approvals, the Rightmove house price index and both the industrial trends and distributive trends surveys that are compiled by the Confederation of British Industries. Swiss Industrial output, money growth, and investor sentiment are due. So are Danish, Polish and Hungarian retail sales; Icelandic wage costs, Swedish producer prices, and Czech business and consumer sentiment.
Canada releases consumer price figures, retail sales and wholesale turnover. Mexico will be reported trade figures, retail sales and unemployment, and Brazil announces its latest current account result.
Australia reports fourth-quarter producer and consumer prices. New Zealand’s business purchasing managers index and South African consumer prices are also slated for next week.
Copyright 2013, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Economic Data Calendar
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