Next Week

November 7, 2014

Monetary policy meetings are planned next week in Norway, South Korea, Indonesia, Peru and Serbia.  The Bank of England will publish its quarterly Inflation Report, and Rosengren, Kocherlakota, Bullard and Plosser are some of the Fed officials with speaking engagements.

National consumer price data will be reported for China, Denmark, Norway, the Czech Republic, Greece, Hungary, Romania, Sweden, Portugal, Germany, Austria, France, Spain, Italy, Poland and Finland.  National industrial production figures arrive from Denmark, Romania, Finland, Italy, Greece, Japan, China, India, Malaysia, South Africa and Mexico.  Trade data get reported in India, Portugal, the Netherlands, Romania and Denmark.  Countries releasing current account statistics are Japan, France, the Netherlands, Romania, Portugal, the Czech Republic, Malaysia, Indonesia, Turkey and Poland.

The U.S. data calendar is comparatively light, featuring retail sales and also including monthly observations of small business sentiment (from the NFIB), the JOLTS index of job hirings and separations, import prices, the U. Michigan consumer sentiment index and weekly jobless insurance claims, mortgage applications, energy inventories, consumer comfort and chain store sales.

The preliminary 3Q GDP growth estimate is the main release in the euro area and will be accompanied by a slew of national GDP statistics for European economies like Germany, France, Italy, Spain, the Netherlands, Belgium, Austria, Cyprus, Greece, Portugal, Finland, Poland, Hungary, the Czech Republic, and Romania.  Other Ezone data to be announced next week are the harmonized consumer price index, the Sentix index of investor confidence, and industrial production.  German wholesale prices, Dutch and Finnish retail sales, Greek unemployment and import prices, the Irish construction purchasing managers index, and Spain’s indices of leading and coincident economic indicators.

British data reports include labor statistics, the RICs house price index, same store sales construction output, and the index of leading economic indicators.  Swiss producer prices and Icelandic unemployment are scheduled next week, too.

Japan has several data releases: reserves, the economy watchers index, consumer confidence, bank lending and the money supply, machinery orders, machine tool orders, the tertiary index, bankruptcies and aforementioned current account.  It’s also the week for monthly Chinese data releases, such as the CPI, PPI, retail sales, industrial production, foreign direct investment, and fixed asset investment.  Other Asian releases next week are Indian wholesale prices, Indonesian and Singaporean retail sales and South Korean unemployment.

Australia will be releasing home loans, business confidence, consumer sentiment, and quarterly labor costs.  New Zealand reports consumer confidence, retail sales and food prices.  In South Africa, both retail and wholesale sales arrive.

Canada releases housing starts, new home prices, and the monthly survey of manufacturing sales, orders and inventories.  Brazilian retail sales and Mexico’s index of leading economic indicators will be reported as well.

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



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