Next Week

October 18, 2013

Central Bank interest rate policy meetings are scheduled next week in Canada, Mexico, Norway, Sweden, Turkey and the Philippines.  The Bank of England releases minutes from its October meeting, and the Reserve Bank of Australia publishes its annual report.  Bank of England Governor Carney and the bank’s chief economist, Charles Bean, speak publicly.  So do Bank of Japan Governor Kuroda, Chicago Fed President Evans, and Reserve Bank of Australia Deputy Governor Lowe.

A meeting of EU leaders is scheduled for Thursday and Friday.  Preliminary October purchasing manager survey for the euro area, Germany and France will be released on Thursday.  Other arriving Ezone statistics include debt/GDP ratios, consumer confidence, M3 money, bank credit, and bank lending.  Germany reports producer prices, import prices and the IFO business climate index.  French consumer spending and business sentiment are due.  So are Italian orders, consumer confidence, wages, and retail sales.  Italy, Finland and Spain both report producer prices.  Two other Spanish releases are unemployment and the trade balance.  Belgian business sentiment, Portugal’s current account, Austrian industrial production, Cypriot retail sales, and Finnish unemployment are due, too.

Next week’s most awaited U.S. statistical release is the September labor force survey, which is delayed from an original release date of October 4.  Other U.S. economic releases include new and existing home sales, import prices, the Richmond and K.C. Fed manufacturing indices, the FHFA house price index, the Jolts index of job layoffs and new hiring, the U. Michigan/Reuters early October business sentiment index, durable goods orders, wholesale inventories, the index of leading economic indicators, the preliminary Markit purchasing managers survey of manufacturers, and weekly jobless insurance claims, mortgage applications, energy inventories, chain store sales, and consumer comfort.

British data next week encompass the public sector budget and net borrowing, CBI’s industrial trends survey, third-quarter GDP, the monthly services index, and the Rightmove house price gauge.  Swiss M3 money and trade are due.  So are Danish retail sales, Swedish producer prices, Icelandic consumer prices, and Danish and Swedish consumer sentiment.  Further east, Poland is set to report unemployment and retail sales, and the Czech business climate index is due.

Japan reports customs trades, the consumer price and corporate service price indices, the all-industry index and the government’s monthly assessment of economic conditions and prospects.  Arriving Chinese data include the preliminary HSBC-compiled PMI for manufacturers, the index of leading economic indicators and house prices.  Elsewhere in Asia, South Korea releases third-quarter GDP.  Hong Kong, Malaysia, and Singapore report consumer prices.  Hong Kong’s trade balnace, Malaysian unemployment, and Singaporean industrial production will also be learned.

Australia’s data calendar features third-quarter consumer prices and also includes the Conference Board’s index of leading economic indicators.  New Zealand’s trade balance and business sentiment index are scheduled, as are South African consumer prices and Turkish consumer confidence.

North of the United States, Canada will be reporting both retail sales and wholesale turnover.  To the south, Brazil’s current account and the Mexican trade balance are scheduled.  So are Brazilian unemployment and Mexico’s index of leading economic indicators, compiled by the Conference Board.

Daylight Savings Time ends in most of Western Europe on October 27, a week sooner than in the United States.

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



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