Next Week

March 21, 2014

Central bank interest policy meetings are planned next week in Hungary, Romania, the Czech Republic, Israel, the Philippines, Norway, and South Africa.  The latest set of U.S. bank stress tests will be reported by the Federal Reserve on Wednesday.  Lockhart, Plosser, Bullard, George and Evans are among the Fed officials speaking publicly.  The Swiss quarterly Bulletin gets published.

Preliminary composite, manufacturing and service-sector purchasing manager survey results will be released for the euro area.  Markit Economics reports the U.S. flash manufacturing and service-sector PMIs, and HSBC does reports its preliminary PMI findings for China.

Scheduled U.S. data are the Chicago Fed National Activity Index, the Richmond and K.C. Fed manufacturing indices, the Case-Shiller house price report, new home sales, the FHFA house price index, pending home sales, consumer confidence from the Conference Board and also U. Michigan/Reuters, durable goods orders, revised GDP, persona spending and income, and weekly reports of consumer comfort, jobless insurance claims, mortgage applications, chain store sales and energy inventories.

Japan will be reporting small business sentiment, supermarket sales, retail sales, consumer prices, unemployment, household spending and corporate service prices.  Elsewhere around Asia, Hong Kong, the Philippines and Thailand release trade statistics, while Singapore, South Korea and Thailand report industrial production.  Singaporean producer prices arrive.

Britain has another meaty data release schedule that includes the current account, revised GDP, retail sales, consumer prices, retail prices, producer prices, the DCLG and Nationwide home price indices, consumer confidence and the monthly index of service-sector activity.

Sweden reports producer prices, the trade balance, retail sales and consumer confidence.  Danish consumer sentiment is also due, as are Iceland’s CPI and PPI and Polish retail sales and current account.

In addition to the aforementioned preliminary PMIs, euro area-wide releases next week cover money and credit growth, economic sentiment, and the index of leading economic indicators.  German and French consumer confidence measures arrive.  So do the German IFO business climate index, preliminary CPI estimate, import price index and retail sales, as well as French GDP, and consumer spending.  France, Greece,Finland, Austria and Italy release producer prices, and Italy also will be reporting unemployment and business sentiment.  Belgium, Portugal and the Netherlands bot report business sentiment.

New Zealand trade data and business sentiment are due.  South African producer prices arrive as well.

Copyright 2014, Larry Greenberg.  No secondary distribution without express permission.



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