Next Week

January 4, 2014

Central bank policy meetings are planned for the first full week of 2014 in the euro area, U.K., South Korea, Romania, Poland and Peru.  FOMC minutes from December’s meeting get released, and several Fed officials have public speaking exposures, including Kocherlakota, Plosser, Rosengren, Bullard, Williams, and Dudley.  Janet Yellen’s senate confirmation vote is likely this week as well.

The main focus of purchasing manager survey releases turns to service-sector activity, and some construction PMIs are due, too.

Many economies report industrial production, including Britain, Ireland, Norway, Turkey, France, China, Germany, South Africa, Mexico, Malaysia, the Czech Republic, India, Sweden, Greece, Finland, the Netherlands, Spain, Denmark and Romania.

Retail sales figures will be released in the euro area, Hungary, Romania, China, Germany, Ireland, Norway, Australia and the Czech Republic.

Countries reporting trade next week include the United States, Canada, Germany, Britain, China, Denmark, Hungary, Cyprus, Portugal, France and New Zealand.

Producer prices are due for Canada, the euro area, Brazil, China, Mexico, Hungary, and Romania.

Additional U.S. releases scheduled next week include the Labor Department jobs report with information on average earnings, unemployment, and employment, The ADP estimate of private sector employment, the IBD/TIPP optimism index, the monthly Federal budget, factory orders, the NAPM index, and weekly figures on chain store sales, consumer comfort, mortgage applications, jobless insurance claims and energy inventories.

China releases a bunch of figures: retail sales, industrial production, money and credit growth, CPI and PPI inflation, business investment, business climate, trade and the non-manufacturing PMI.

Japan’s data calendar shows the monetary base, auto sales, international reserves, and the index of leading economic indicators.

Upcoming Euroland economic data releases are the Sentix measure, consumer and producer prices, unemployment, retail sales, consumer and business sentiment, and non-manufacturing purchasing manager survey results.  German industrial output and orders, trade and current account, retail sales, and labor statistics are due.  France and Portugal chime in with consumer sentiment.  Irish and Greek unemployment should also attract interest.

Romania releases GDP, while Czech unemployment also arrives.

The British Royal Institute of Chartered Surveyors’ housing index is set to be reported, and the Halifax home price index arrives.  So do U.K. car sales, same-store retail sales and shop prices.  Reserves, consumer prices and unemployment are three scheduled Swiss data reports.  Norway and Denmark release CPI numbers. 

Canada has a bunch of releases: the PPI, raw materials price index, trade balance, IVEY PMI index, housing starts, building permits, labor statistics and wholesale turnover.

Some Latin American data arrivals will be Brazilian consumer prices and Mexican PPI, consumer confidence and CPI.

Australian housing permits, job ads, consumer confidence, business confidence and business conditions are due, too.

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



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