Next Week

February 27, 2015

Central Banks:  The ECB holds its second monetary policy meeting of 2015.  Under a new framework, there will be eight such scheduled meetings in 2015 instead of one each month as done before.  Monetary policy meetings are also scheduled in Canada, Great Britain, Brazil, Australia, Poland, and Malaysia.  The Federal Reserve Beige Book, which assesses economic conditions in different U.S. regions arrives, and many Fed officials have speaking engagements including Yellen, Richard Fisher, Williams, Evans, Plosser, George, and Mester.  Former Fed Chairman Ben Bernanke also gives a speech during the week.

Purchasing manager surveys: A slew of them get released in the first week of March, covering manufacturing, services, non-oil activity in the Middle East, construction in Germany, Great Britain and Australia, and the retail sector in the eurozone.

U.S. Data: Monthly labor statistics, personal income and spending, motor vehicle sales, factory orders, trade, consumer credit, construction spending, the February fiscal deficit, the IBD/TIPP optimism index, quarterly productivity and unit labor costs, and weekly jobless insurance claims, chain store sales, mortgage applications, energy inventories and consumer comfort.

Japanese Data: Motor vehicle sales, bank lending, the monetary base, labor cash earnings, reserves, the index of leading economic indicators, and quarter business investment.

Other Asian Statistics:  South Korean current account, CPI and industrial output.  Indonesian consumer confidence, trade balance and CPI.  Thai and Filipino consumer and producer prices.  Indian money growth.  Hong Kong retail sales and Malaysia’s trade balance.

Australian Data:  GDP, unemployment and jobs growth, retail sales, the current account, building permits, new home sales, corporate profits, and expected inflation.

Eurozone Data:  Consumer prices, GDP, retail sales, producer prices, and unemployment.

Members of Euroland:

  • German industrial orders, retail sales and industrial production.
  • French trade and unemployment.
  • Italian GDP, unemployment, PPI, and industrial production.
  • Belgian GDP and Portuguese retail sales.
  • Spanish industrial output, Finnish GDP, Cypriot consumer prices, Greek unemployment, Austrian wholesale prices, and Dutch CPI.

British Data:  The Halifax and Nationwide home price indices, money and credit growth, and shop prices.

Swiss Data: GDP, CPI and foreign exchange reserves.

Nordic European Data:  Swedish current account and industrial production.  Danish unemployment and industrial output.  Norwegian industrial production, house prices, and current account.

Eastern Europe:  Hungarian retail sales, GDP, and industrial production.  Romanian retail sales and GDP.

Turkey:  Consumer and producer prices.

New Zealand:  The terms of trade.

Canada:  Quarterly and monthly GDP, the current account, producer prices, housing permits and the trade balance.

Latin America:  Brazilian industrial production and CPI.  Colombian CPI and Mexican consumer confidence.

Copyright 2015, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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