Next Week

February 24, 2017

Central Bank Action: Interest rate policy meetings in Canada, Ukraine, Malaysia, Hungary and Israel. Publication of Federal Reserve Beige Book of regional conditions. Evans, Lacker, Yellen, Williams, Bullard, Kaplan, and Brainard are some of the Fed officials who’ll be speaking publicly.

Holidays: Brazilian Mardi Gras and South Korea’s Independence Day.

Purchasing Manager Indices: Being the bridging week between February and March, a slew of manufacturing and service-sector PMI surveys get reported. The U.K. construction purchasing managers survey arrives, too.

Scheduled U.S. Economic Statistics: GDP, productivity, unit labor costs, personal income and spending, PCE price deflator, pending home sales, construction spending, Case Shiller house price index, Dallas and Richmond Fed manufacturing indices, durable industrial orders, consumer confidence, motor vehicle sales, and weekly jobless insurance claims, consumer comfort, mortgage applications, energy inventories, and chain store sales.

Special Event: President Trump addresses both houses of the Congress in prime time on Tuesday.

Japanese Data: Consumer prices, industrial production, unemployment, retail sales, real household spending, small business sentiment, monetary base, motor vehicle output, construction orders, housing starts, corporate profits, business investment, and consumer confidence.

Selected Other Asian Statistics: Hong Kong, South Korean and Malaysian trade figures. South Korean and Hong Kong retail sales. Thai and South Korean current accounts. Indonesian and South Korean consumer prices. Singaporean and Malaysian producer prices. Indian GDP.

Australia and New Zealand: Australian corporate profits, money and credit growth, GDP, trade and current accounts, and building permits. New Zealand trade statistics, M3 money growth and business sentiment.

Euroland: Economic sentiment, consumer prices, unemployment, producer prices, retail sales, and money and credit growth.

Members of the Euro Zone: German, Portuguese, and Greek retail sales. French, Italian, Spanish, Finnish, Portuguese and Belgian GDP. German, Spanish, Italian and Cypriot producer prices. French, Cypriot and Austrian producer prices. German unemployment, Italian wages, and Spanish current account.  Finnish consumer confidence and trade.

U.K. and Switzerland: British Nationwide house price index, M4 money growth, consumer confidence, and shop prices. Swiss GDP, retail sales, UBS consumption indicator, and index of leading economic indicators.

Eastern Europe: Czech and Polish GDP. Czech and Romanian PPI. Romanian retail sales.

Nordic Europe: Swedish and Norwegian retail sales and current accounts. Danish and Swedish GDP. Swedish PPI, trade balance and industrial production. Danish and Norwegian unemployment.

Canada: Quarterly GDP and current account. Monthly GDP, producer prices and raw material prices.

Turkey, South Africa and Brazil: Turkish CPI, PPI and trade balance. South African trade, money growth and private credit expansion. Brazilian trade.

Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



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