Next Week

December 31, 2015

Purchasing Managers Surveys:  A slew of PMIs will be released during the first week of 2016.  The largest number cover manufacturing, but others will cover service sector activity, construction, and eurozone retail.  Involved economies include the U.S., Japan, China, Euroland, South Korea, Taiwan, Vietnam, Malaysia, India, Indonesia, Poland, Ireland, The Netherlands, Turkey, Italy, the Czech Republic, Spain, France, Germany, Greece, the U.K., Australia, Canada, Mexico, Malaysia, Singapore, Lebanon, Saudi Arabia, Egypt, the United Arab Emirates, Hungary, Sweden, Switzerland, Norway, Hong Kong, and South Africa.

Central Banks:  An interest rate policy meeting is scheduled at the National Bank of Romania.  FOMC minutes and the ECB Account, which is like meeting minutes, get releases.  Deputy Bank of Japan Governor Nakaso speaks publicly.

Holidays:  New Zealand is closed Monday for an extended New Year’s celebration.  A number of European countries celebrate Ephiphany Day in one way or another.

Scheduled U.S. Data:  Construction spending, consumer credit, the November trade balance, factory orders, the N.Y. NAPM regional PMI, motor vehicle sales, the ADP estimate of private jobs growth, the Labor Department monthly labor force survey, and weekly jobless insurance claims, energy inventories, mortgage applications, consumer comfort and Redbook chain store sales.

Japanese Data:  the monetary base, reserves, money growth, labor cash earnings and index of leading economic indicators.

Chinese Data:  Trade, consumer prices and the PPI.

Other Selected Asian Indicators:  Singapore GDP, Malaysian trade, Indonesian CPI, South Korea’s current account and Hong Kong retail sales.  Filipino and Thai consumer and producer prices. 

Euroland:  Consumer prices, producer prices, retail sales and economic sentiment.

Members of the Eurozone:  German consumer prices, retail sales, industrial production, industrial orders, trade and current account.  French industrial output, trade, and consumer confidence.  Italian and Dutch consumer  prices.  Italian, Spanish, Greek, Irish and Austrian unemployment.  Dutch, Greek, Finnish, and Irish industrial production.  Portuguese, Greek, and Finnish trade.  Portuguese business and consumer sentiment.

Britain and Switzerland:  British same-store sales, shop prices, Halifax house price index, money growth, and trade deficit.  Swiss retail sales, unemployment and consumer prices.

Nordic Europe:  Danish, Swedish and Norwegian industrial output.  Danish unemployment.

Eastern Europe:  Hungarian, Czech and Romanian industrial production and trade.  Hungarian unemployment.  Romanian and Hungarian producer prices.  Romanian retail sales and Czech GDP.

Australia and Turkey:  Australian retail sales, new home sales, building permits, trade and consumer confidence.  Turkish CPI, PPI and industrial output.

Latin America:  Brazilian trade, industrial production, consumer prices and PPI.  Mexican CPI, PPI, and consumer sentiment.

Canada:  Producer prices, raw material prices, IVEY PMI, wholesale turnover, housing starts, building permits, trade balance, unemployment, jobs growth, and hourly wage growth.

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



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