Next Week

March 2, 2013

Many central bank interest rate policy meetings are scheduled over the coming week, including the final one in Japan to be presided over by BOJ Governor Shirakawa.  Other monetary policy decisions are scheduled in Australia, Euroland, Britain, Indonesia, Malaysia, Canada, Brazil, Mexico, Peru, Poland and Serbia.  Fed Chairman Bernanke, ECB President Draghi, Bank of England Governor King, and the aforementioned BOJ Governor Shirakawa speak publicly.  The Fed Beige Book, an analysis of regional economic conditions, also arrives.

On Monday, there is a meeting of EU finance ministers in Brussels.

More purchasing manager surveys will be released, primarily covering services in Euroland, the United States, Britain, Japan, China, India, Russia, and Australia, some others for the construction sector (Britain, Australia and Germany) and even a few stragglers on manufacturing.

It’s jobs week in America, the trilogy of ADP private jobs due Wednesday, followed by jobless insurance claims on Thursday and the monthly Labor Department data on employment, unemployment and hourly wage earnings.  Productivity and unit labor costs arrive, too.  Other U.S. releases next week include the New York PMI (known as the NAPM index), factory orders, the IBD/TIPP optimism index, the trade balance, monthly chain store sales, and weekly mortgage applications, consumer comfort, and energy inventories.

Canada also reports its monthly labor force survey and trade balance, as well as the IVEY PMI index, building permits, housing starts, and quarterly productivity.

Mexico, Brazil and Chile release consumer price figures.  Brazil reports industrial production, and Mexico announces consumer confidence.

Japanese statistics to be released next week include the PMI services index, the monetary base, the current account, revised GDP, the economy watchers index, average cash earnings, the index of leading economic indicators, international reserves, and corporate bankruptcies.

The Philippines and South Korea release CPI figures, while China’s trade balance is due.  CPI and PPI data follow on March 9.

Over in Euroland, revised GDP, retail sales, producer prices and the Sentix gauge of investor sentiment get released.  Among Ezone members, Germany will be reporting industrial production and orders, as well as the wholesale price index.  The Bank of France reports business sentiment, and French trade data, budget, and fourth-quarter unemployment are also scheduled.  Spain and Italy release industrial output.  Italian and Austrian producer prices are due, and so are Dutch consumer prices, Greek unemployment and Austrian GDP.

The British Hometrack and Halifax house price indices are scheduled.  The U.K. also releases same store sales, shop prices and producer prices.

Swiss unemployment, international reserves,and consumer prices are due.  Up in the Nordic region, Danish and Swedish industrial output, and Norwegian factory output get released.  Over in East Europe, Hungary reports GDP and industrial production, while Czech unemployment is another scheduled release.

Australia has a number of economic data reports led by GDP, retail sales, and the current account but also including building approvals, corporate profits, expected inflation, and the trade balance.  New Zealand will be releasing commodity prices and factory sales.  Turkey’s CPI, PPI, and industrial production report arrive, too.

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



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