Next Week

September 25, 2015

Quarter-End:  The coming week bridges the third and fourth quarters and also marks the end of the first half of Japan’s fiscal year.

Holiday:  China’s National Holiday, commemorating the the 66th anniversary of the Communist Revolution begins on Thursday and runs for several days.

Manufacturing PMIs:  will be reported for Austria, Australia, Japan, South Korea, China, Taiwan, Vietnam, Malaysia, Indonesia, India, Ireland, Russia, the Netherlands, Poland, Spain, France, Germany, Euroland, Italy, the Czech Republic, Greece, Great Britain, Brazil, Canada, Mexico, Turkey, Norway, the United States, Hungary, Switzerland, Sweden, and Singapore.

Central Bank Beat:  Monetary policy meetings are scheduled in Iceland, Romania, India and Israel.  The ECB “Account” of the last Governing Council meeting get published.  These are akin to minutes.  Fed officials speacking publicly during the period will include Yellen, Fisher, Dudley, Brainard, Williams, and Evans.

Scheduled U.S. Data Releases:  Labor force survey covering unemployment, jobs and wages.  Also personal income and spending, ADP estimate of private jobs growth, consumer confidence from the Conference Board, factory orders, construction spending, Case Shiller house price index, Dallas Fed manaufacturing index, the Chicago and Milwaukee manufacturing PMIs, the NAPM index, motor vehicle sales, and pending home sales.  Weekly jobless insurance claims, chain store sales, consumer comfort, mortgage applications, and energy inventories.

Canada and Latin America:  Canadian producer prices, raw material prices and July GDP.  Mexican unemployment and Brazilian industrial output and trade.

Japanese Statistics:  The Bank of Japan’s Tankan report, a quarterly survey of corporate conditions and expectations.  Also, monthly small business sentiment, the indices of leading and coincident economic indicators, retail sales, industrial production, motor vehicle output, motor vehicle sales, unemployment, household spending, the monetary base, housing starts, and construction orders.

Selected Other Asian Data:  The Chinese government’s officially authorized PMI surveys (for both manufacturing and non-manufacturing).  Also Chinese corporate earnings, and its index of leading economic indicators.  Singapore, Thai and Malaysian producer prices.  South Korean industrial production, retail sales, consumer prices, and current account.  Indonesian and Thai consumer prices.  Thai consumer confidence, trade balance and industrial output.

Australia and New Zealand:  Australian building permits, money and credit expansion, and retail sales.  New Zealand building permits, money growth, business sentiment, and home prices.

Euroland:  Business and consumer confidence, PPI, CPI, and unemployment.

Members of the Eurozone:  German unemployment, retail sales, CPI, PPI, and import prices.  French consumer spending and PPI.  Italian unemployment and both business and consumer sentiment.  Spain’s current account and retail sales.  Spanish, Belgian and Cypriot consumer prices.  Greek, Austrian and Cypriot producer prices.  Unemployment and retail sales for both Portugal and Ireland.  Cypriot and Portuguese industrial production.  Greek retail sales.

Great Britain:  Revised GDP and the current account.  Halifax and Nationwide house price indices.  Money growth and mortgage lending.  Consumer confidence, the construction purchasing managers survey, and the CBI distributive trends survey.

Switzerland:  Index of leading economic indicators, retail sales, and the UBS consumption indicator.

Eastern Europe:  Czech GDP and Poland’s current account.  Romanian retail sales and producer prices.  Hungary’s PPI, trade balance and unemployment.

Nordic Europe:  Swedish retail sales and trade balance.  Danish GDP and unemployment.  Icelandic producer prices and Norwegian retail sales.

Turkey and South Africa:  Turkish and South African trade balances.  South African money and private credit grwoth. 

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



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