Next Week

August 17, 2018

Holiday and Special Event: The Islamic Festival of the Sacrifice will be observed Wednesday in countries such as Indonesia, Singapore, and India. The Kansas City Federal Reserve’s sponsored symposium in Jackson Hole, Wyoming runs from August 23 through August 25. This year marks the 40th anniversary of this annual gathering of top central bankers, economists and investors. The theme this year is  “Changing Market Structure and Implications for Monetary Policy.”

Central Banks: Partly because the Jackson Hole Symposium, the only notable scheduled review of monetary policy next week is in Hungary. However, minutes will be published of the most recent policy meetings at the Federal Reserve, European Central Bank and Reserve Bank of Australia.

Scheduled U.S. Economic Data Releases: Durable goods orders, the K.C. Fed manufacturing index, existing home sales, new home sales, the FHFA house price index and weekly jobless insurance claims, chain store sales, energy inventories, consumer comfort, and mortgage applications.

Japanese and Chinese Statistical Releases: Japanese consumer prices, corporate service prices, all industry index, department store and supermarket sales. Chinese and Japanese indices of leading economic indicators.

Selected Other Asian Releases: Singaporean and Hong Kong consumer prices. Thai GDP, Singaporean industrial production, and India’s index of leading economic indicators.

Euroland: Preliminary manufacturing and service sector purchasing manager surveys. Also, construction output, consumer sentiment, and index of leading economic indicators.

Member of the Euro Area: French and German manufacturing and service sector PMIs. German PPI, GDP, consumer confidence and import prices. French business sentiment and index of leading economic indicators. Spanish, Portuguese, Irish, and Finnish producer prices. Belgian and Dutch consumer confidence. Greek and Portuguese current accounts. Italian industrial orders and, Spain’s trade balance, and Belgian business climate.

U.K. and Switzerland: British public finances and the CBI’s industrial trends and distributive trades surveys. Swiss money growth, industrial production, and money growth.

Eastern Europe: Polish retail sales, unemployment, industrial production, and PPI. Czech business and consumer confidence.

Nordic Europe: Icelandic consumer price and wage inflation. Norwegian and Swedish unemployment. Danish retail sales and consumer sentiment. Sweden’s PPI and Norwegian GDP.

Canada, Mexico, Brazil, and South Africa: Canadian, South African, and Mexican retail sales and wholesale turnover. South African consumer prices and index of leading economic indicators. Mexican GDP and current account. Brazilian consumer sentiment.

Australia and New Zealand: Australian construction completions and both the Conference Board and Westpac monthly indices of Australian leading economic indicators. New Zealand retail sales and trade balance.

Copyright 2018, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



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