Next Week

July 25, 2014

Central bank interest rate policy meetings are being held next week in the United States, Czech Republic, Israel, and the Philippines.  There is no press conference after the FOMC announcement.  Bank of Japan Governor Kuroda and Board member Ishida speak publicly during the week. 

The Swiss market is closed next Friday to observe the national holiday.

Manufacturing purchasing manager surveys will be released for the euro area, Germany, France, Italy, Spain, the Netherlands, Ireland, Austria, Greece, Japan, China, Russia, India, Turkey, South Korea, Taiwan, Vietnam, Indonesia, Britain, Denmark, Norway, Sweden, Switzerland, Hungary, the Czech Republic, Poland, Canada, the United States, Mexico, Brazil, South Africa, and Australia.  The regional Chicago and Milwaukee PMI reports also arrive.

The feature U.S. reports next week are the first glimpse of 2Q GDP and the July labor force survey.  Other scheduled U.S. data releases will cover construction spending, auto sales, personal income and spending, the Dallas Fed’s regional manufacturing survey, the Case Shiller house price index, two gauges of consumer confidence (Conference Board index and U. Michigan/Reuters index), the quarterly employment cost index and the ADP estimate of private sector jobs.

Japan releases personal consumption spending, retail sales, labor statistics, industrial production, auto sales and production, housing starts, construction orders, and labor cash earnings.

Some of the other Asian releases will be South Korean industrial production and trade, Thai and Malaysian producer prices, Thai and Indonesian consumer prices, Chinese consumer confidence, and Taiwanese GDP.

In addition to aforementioned PMI surveys, euro area consumer prices, unemployment and economic sentiment measures arrive next week.  Among its members, Germany will be reporting unemployment, import prices, retail sales and consumer prices.  French consumer spending and confidence, Italian business sentiment and PPI, and Spanish GDP and CPI arrive.  So do the Greek, Cypriot, and Austrian PPIs and Finnish and Portuguese consumer confidence.

British M4 money and mortgage lending figures are due, along with the Nationwide index of U.K. home prices.  Swedish GDP, the Swiss index of leading economic indicators and Hungarian unemployment and producer prices also get reported.

South of the equator, Australia releases quarterly producer prices, M3 money, private credit and building permits.  New Zealand also will be reporting building approvals, and South Africa releases money and credit, unemployment, the trade balance and the PPI.  Brazilian industrial output and trade balance are scheduled, too.

Canada’s data calendar shows monthly GDP, raw material prices and producer prices.

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



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