Next Week

August 23, 2013

Central banks hold policy meetings next week in Israel, Brazil and Hungary.  Bank of England Governor Carney testifies before parliament, and Lacker, Bullard, and Williams are among the Fed officials speaking publicly.

Many countries will be reporting producer price figures such as Spain, Sweden, Greece, Finland, Canada, Iceland, Singapore, Brazil, South Africa, Austria, Cyprus, and Hungary.  CPI data get released for Germany, the euro area, Japan, Belgium and Spain.

Britain observes a summer bank holiday on Monday.

The Dallas and Richmond Fed manufacturing indices arrive.  Other scheduled U.S. data are revised GDP, consumer confidence from the Conference Board and U. Michigan/Reuters, the Case-Shiller house price index, personal income and spending and the Chicago PMI.   Plus, there will be the usual assortment of weekly checks on jobless insurance claims, mortgage applications, chain store sales and energy inventories.

Canada releases both June and 2Q GDP as well as the quarterly current account.  Brazilian GDP and Mexican trade are two Latin American features next week.

Being the last week of the month, many Japanese statistics will be released, including corporate service prices, retail sales, household spending, the manufacturing purchasing managers index, unemployment, housing starts, construction orders, motor vehicle production, and industrial production.

Some other Asian releases are Indian GDP, Chinese industrial profits, Filipino and Hong Kong trades, South Korea’s current account and consumer confidence index, and Singapore industrial production.

Euroland will be reporting money and credit growth, business and consumer confidence, labor statistics, and the index of leading economic indicators.  Within the bloc, Germany is releasing the IFO business climate indes, import price, unemployment and retail sales.  French and Italy both report on business sentiment.  Italy, Greece, and Ireland release retail sales, and Spain reports both GDP and the current account.

In Britain, the CBI distributive trades survey, Bank of England money and loan data, and the Nationwide house price index are due.  Swedish and Norwegian retail sales are on tap.  Sweden’s current account, Danish GDP and the Swiss index of leading economic indicators are arriving as well. Poland reports retail sales and GDP, and Czech consumer and business sentiment arrive, too.

South of the equator, New Zealand business sentiment, building permits, and trade figures are due.  So are Australian new home sales and South African money and credit, trades, and GDP.

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



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