Next Week

September 7, 2013

Results are already in from Saturday’s Australian election.  A Conservative National/Liberal coalition received the largest majority in 17 years.  Tony Abbott unseated Kevin Rudd as prime minister.  Norway holds an election this week, too.

Central bank policy meetings will be held in New Zealand, South Korea, Indonesia, Chile, the Philippines and Serbia.  The ECB monthly Bulletin will be published, and Williams of the Fed and Ishida of the Bank of Japan are some of the monetary policymakers with speaking parts this week.

It will be a busy week for Japanese data releases, including revised GDP, revised industrial production, capacity usage, the economy watchers index, bankruptcies, bank lending and the money supply, the current account, consumer confidence, the Finance Ministry-compiled business sentiment index, the tertiary index, and corporate goods prices.

China will be reporting on trade, money and lending growth, retail sales, consumer and producer prices, fixed asset investment, and industrial production.  Some of the other arriving Asian data are Indian consumer prices, trade figures and industrial production, Malaysian and Hong Kong industrial output, Singapore retail sales, Hong Kong’s PPI, and South Korean unemployment.

Scheduled U.S. data include consumer credit, small business sentiment, import prices, the monthly Federal budget, producer prices, retail sales, the U. Michigan/Reuters gauge of consumer sentiment, wholesale and business inventories, and weekly figures for chain store sales, jobless insurance claims, mortgage applications, consumer comfort, and energy inventories.

Canadian new house prices, building permits and quarterly capacity usage gets released.  So do Mexican consumer prices, producer prices and trade figures as well as Brazilian retail sales.

Australia’s data calendar features monthly labor statistics, business confidence and conditions, consumer confidence, home loans and expected inflation.  In New Zealand, there will be a report on quarterly manufacturing activity and others on monthly food prices, consumer confidence, and business sentiment.  South African and Turkish industrial production and current account figures arrive.  Turkey also releases GDP.

Euro area-wide figures will include industrial production, second-quarter jobs growth, and monthly industrial production and trade balance.  German CPI and WPI figures are due, as are French and Italian reports on industrial output and consumer prices.  Spain also reports the CPI, plus the current account. Greek, Dutch, and Finnish industrial production are due.  So are Finnish and Dutch retail sales, Austrian GDP, and the Irish PMI survey of construction.

Further to the East, Polish and Czech CPIs and Romanian trade and industrial production are due, too.

The main U.K. release next week cover unemployment, jobs, and wages.  An index of leading economic indicators and the Royal Institute of Chartered Surveyors reports its house price balance. Swedish releases will be for unemployment, industrial production, and GDP.  Denmark’s current account and Norway’s CPI and PPI arrive as well. 

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



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