Next Week (Special Pre-July 4th Edition)

July 3, 2014

U.S. markets are closed tomorrow for Independence Day #238).  Elsewhere, here are some data releases of note:

  • German industrial orders, and that economy’s construction PMI.
  • The retail purchasing managers surveys for the euro area, Germany, France and Italy.
  • British car sales and Halifax house price index.
  • Swiss, Hungarian and Swedish industrial production.
  • Filipino consumer prices and PPI.
  • Indonesian and Mexican consumer confidence.

Central bank interest rate policy meetings are scheduled next week in Britain, Indonesia, South Korea, South Africa, Peru, Mexico, Malaysia and Serbia.

Minutes from the FOMC’s June 17-18 meeting will be published.  So will the monthly ECB Bulletin and the quarterly Bank of Canada business outlook survey.

China releases 2Q GDP as well as monthly trade, CPI, PPI, fixed asset investment, industrial production, retail sales, and money and bank lending growth.

Japan will be reporting the economy watchers index, the tertiary index, money and bank lending, machine tool orders, machinery orders, corporate goods prices, consumer confidence, international reserves, the current account, and the index of leading economic indicators.

Other economies releasing industrial output next week are Britain, Germany, France, Italy, Denmark, Norway, the Czech Republic, Spain, Turkey, India, Mexico, South Africa, Greece, Malaysia and Romania.

Canadian and Australian monthly labor statistics arrive.  Other Canadian releases include the IVEY-PMI index, home prices and housing starts.  Other Aussie data arriving next week are consumer confidence, business confidence, business conditions, and the construction PMI. 

Mexico’s trade balance, Brazilian CPI inflation, and New Zealand food prices and business PMI are scheduled for release.  Turkey’s current account is due.

It’s a lean week for U.S. data: consumer credit, small business confidence, the JOLTS index, the U. Michigan consumer sentiment index, the federal budget in June, and the usual weekly stuff like jobless insurance claims, chain store sales, consumer comfort, mortgage applications and energy inventories.

Not much is arriving from the euro area as a whole, just home prices and the Sentix measure of investor sentiment.  Germany, France, and Portugal report trade numbers and their CPI.  Spanish, Greek and Dutch consumer prices are also on tap.  So are the French and Finnish current accounts and Greek unemployment.

Britain’s economic data release calendar is showing monthly GDP, on-year shop price inflation and growth in same-store sales, the RICs house price balance measure, the trade deficit, construction output and the index of leading economic indicators.

Some other European releases due next week are Swiss unemployment, CPI and retail sales as well as Swedish, Danish, Hungarian and Norwegian consumer prices.

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



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