Next Week

May 11, 2017

Central Banks: Policy meetings are scheduled next week in Indonesia, Iceland, Chile, Mexico and Poland. The Reserve Bank of Australia and European Central Bank release minutes from their last meeting. Bullard and Mester are two of the Fed officials speaking publicly.

Holiday: Constitution Day in Norway on May 17.

U.S. Releases: Industrial production, capacity usage, housing starts, building permits, the NAHB housing market index, the Empire State and Philly Fed manufacturing indices, the index of leading economic indicators, Treasury-compiled (TIC) capital flows and weekly jobless insurance claims, consumer comfort, mortgage applications, chain store sales and energy inventories.

Japanese Statistics: Quarterly GDP and monthly revised industrial output, capacity usage, machinery orders, machine tool orders, department store sales, supermarket sales and tertiary index.

China: Retail sales, industrial production, fixed asset investment, property prices and money and bank lending growth.

Selected Other Asian Data: Filipino and Thai GDP. Indonesian, Indian and Singaporean trade balances. Malaysian CPI, South Korean PPI and Indian WPI. Malaysian current account and Hong Kong jobless rate.

Australia and New Zealand: Australian labor statistics, wage costs, consumer confidence, motor vehicle sales and index of leading economic indicators. New Zealand retail sales, producer prices, consumer sentiment, and service-sector purchasing managers index.

Euroland: GDP, revised CPI, current account, trade balance, consumer confidence, car sales, and ZEW index of investor sentiment.

Members of the Euro Area: German PPI and ZEW index. French, Italian, Finnish and Austrian CPI.  Dutch, Italian, Greek, and Portuguese GDP. Belgian, Dutch, Irish and Italian trade. French quarterly unemployment and Irish construction PMI. Dutch consumer confidence and retail sales.

U.K. and Switzerland: British CPI, RPI, PPI, DCLG and Rightmove house price indices, labor statistics, retail sales, industrial trends survey, and index of leading economic indicators. Swiss producer prices and import prices.

Nordic Europe: Norwegian GDP, consumer confidence and trade balance. Danish producer prices and Icelandic consumer prices.

Eastern Europe: Polish, Romanian and Czech GDP. Polish and Czech producer prices. Polish industrial production, and consumer prices.

South Africa and Turkey: South African retail sales and wholesale turnover. Turkish consumer sentiment and unemployment.

Canada and Brazil: Canadian retail sales, consumer prices, existing home sales, and monthly survey of manufacturing shipments, orders and inventories. Brazil’s index of leading economic indicators.

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



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