Next Week

September 30, 2016

Purchasing Managers Surveys: Next week is PMI week, bringing the release of a ton of manufacturing surveys, many service sector reports, some non-oil PMIs, construction PMIs for Britain, Germany and Australia, and retail PMIs covering Euroland, Germany, France and Italy. PMI surveys tend to be more timely than most hard economic data.

Central Banks: Monetary policy meetings in Australia, Iceland, Poland, and India. The ECB releases minutes, known as the Account, and the Bank of Canada publishes its Business Outlook Survey. The Bank of Japan’s quarterly corporate survey known as the Tankan arrives on Monday. Governor Wheeler of the Reserve Bank of New Zealand speaks publicly.

Holidays: China closed all week for its National holiday. Monday is German Unification Day, Australian Labor Day, South Korea’s National Foundation Day and the first of the two-day observance of Rosh Hashanah, the Jewish new year.

Scheduled U.S. Statistical Releases: The monthly jobs, wages and unemployment report, the trade balance, factory orders, motor vehicle sales, the NAPM New York regional PMI, the IBD/TIPP optimism index, construction spending, the ADP estimate of private sector jobs, consumer credit and the usual weekly observations of jobless insurance claims, mortgage applications, consumer comfort, chain store sales and energy inventories.

Japanese Data: Motor vehicle sales, consumer confidence, index of leading economic indicators, labor cash earnings and the monetary base.

Other Selected Asian Statistics: Chinese and Malaysian trade balances. Indonesian, Thai, South Korean and Filipino consumer prices. Thai and Filipino producer prices. South Korean unemployment and current account.

Euroland: Producer prices and retail sales.

Members of the Eurozone: German, Spanish, and French industrial production. French, Austrian, Greek and Finnish trade balances. Dutch and Cypriot consumer prices. German industrial orders, Austrian WPI, Spanish unemployment, and French current account.

U.K. and Switzerland: British industrial production, trade deficit, monthly GDP, Halifax house price index, RICs house price balance, car registrations, and shop prices. Swiss retail sales, CPI and Autumn Economic Forecast.

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

Nordic Europe: Swedish, Danish and Norwegian industrial production.

Canada and Australia: Monthly labor statistics, trade balance, housing permits, and IVEY-PMI index. Australian building permits, retail sales, trade balance and expected inflation.

Mexico and Brazil: Mexican CPI, PPI and consumer sentiment. Brazilian trade balance and consumer prices.

South Africa and Turkey: South African business sentiment. Turkish CPI and PPI.

Copyright 2016, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



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