Next Week’s Menu: November 16-22

November 15, 2019

Central Banks: Monetary policies to be reviewed in Indonesia, Hungary, China and South Africa. Policy meeting minutes to be published by the Fed, Reserve Bank of Australia, and European Central Bank. Reserve Bank of Australia Governor Lowe, Bank of Canada Governor Poloz, and ECB President Lagarde will be speaking publicly.

Special Events and Holidays: A new OECD Outlook gets released on Thursday, and Friday is the tentative date for the release of the U.S. Treasury Department’s semi-annual Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States. In Congress, several more witnesses will testify in public hearings looking into the merits of an impeachment case against President Trump, and a few private depositions in the matter also will occur. Mexico celebrates Revolution Day on Monday.

Scheduled U.S. Economic Data Releases: Monthly housing starts, building permits, National Home Builders’ housing market index, existing home sales, Treasury-compiled capital flows, Philly Fed and Kansas City Fed manufacturing indices, U. Michigan/Reuters consumer confidence, and Conference Board’s index of leading economic indicators. Weekly jobless insurance claims, consumer comfort, mortgage applications, chain store sales and energy inventories.

Japanese Statistics: Customs trade balance, consumer prices, machine tool orders, department store and supermarket sales, and provisional purchasing manager surveys.

Selected Other Asian Releases: Indonesian and Singaporean trade balances. Hong Kong and Malaysian consumer prices. Thai GDP, Hong Kong unemployment, South Korean producer prices and Indian retail sales.

Euroland: Current account, provisional purchasing manager survey, construction output, car sales, and consumer confidence.

Members of the Euro Area: German and French PMI surveys. German, Portuguese and Irish producer prices. Greek and Italian current accounts. German GDP, French business sentiment, and Italian industrial orders and sales.

U.K. and Switzerland: British quarterly productivity and unit labor costs. British monthly industrial trends and distributive trades surveys, car sales, Rightmove house price index, and public sector net borrowing. Swiss trade surplus and industrial production.\

Selected Other European Releases: Icelandic consumer prices and wage costs. Norwegian consumer sentiment. Polish producer prices and industrial production.

Australia, New Zealand and South Africa: Australian index of leading economic indicators. New Zealand producer prices and service-sector purchasing managers index. South African CPI.

Canada: Retail sales, CPI, and the monthly survey of manufacturing sales, orders and inventories.

Copyright 2019, Larry Greenberg. All rights reserved. No secondary distribution without express permission.


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