Next Week

February 1, 2013

Central bank interest rate policy meetings are scheduled next week in Euroland, Britain, the Czech Republic, Poland, Romania, the Philippines, Australia, Iceland and Peru.  There is a two-day conference of the European Council at the end of the week, and New Zealand markets will be closed for holiday on Wednesday.

Service sector purchasing manager survey results arrive for many countries including the United States, the euro area, Germany, Italy, France, Spain, Ireland, Sweden, Britain, Japan, India, Brazil, Russia, China, and Australia.  Construction PMIs will be reported for Britain and Australia.

Many countries are also releasing industrial production:  Britain, Germany, Hungary, the Czech Republic, Spain, South Africa, Malaysia, Finland, Turkey, Sweden, the Netherlands, Norway, Italy, and Greece.

Other scheduled U.S. indicators are factory orders, the NAPM New York manufacturing index, the IBD/TIPP optimism index, the NFIB index of small business sentiment, quarterly productivity and unit labor costs, consumer credit, wholesale inventories and the trade balance.  There will be also weekly checks of jobless insurance claims, consumer comfort, mortgage applications, chain store sales and energy inventories.

Japan releases machinery orders, the current account, bank lending, the monetary base, the economy watchers index and the index of leading economic indicators.

Some other scheduled Asian indicators of note include China’s PPI, CPI, and trade balance; Filipino consumer and producer prices; Indonesian GDP; and Malaysian trade.

Euroland-wide data will cover producer prices, retail sales, and the Sentix gauge of investor sentiment.  The EU Commission is unveiling new growth forecasts.  Besides industrial production, German releases industrial orders and the current account.  France also reports the current account as well as quarterly unemployment and the budget numbers.  Greek and Italian CPI figures are due, and so is the Finnish trade balance.

The British data calendar shows the Halifax house price index, the Royal Institute of Chartered Surveyors house price balance, NIESR’s estimate of January GDP, the trade deficit, and shop prices.  Switzerland reports the trade balance, reserves and unemployment, and the Czech Republic releases retail sales and unemployment.

Canadian data next week features labor statistics, securities transactions, housing starts, home prices, building permits and the IVEY-PMI index.  Mexican consumer and producer prices will be reported.  So will Brazilian consumer prices.

Australia plans several releases: job ads, building permits, the trade balance, retail sales, and home prices.  New Zealand labor costs, jobs growth, unemployment rate, and commodity price index are due, as are Turkish consumer and producer price releases.

Copyright 2013, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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