Next Week’s Menu: May 23 – 29, 2020

May 22, 2020

Central Banks: Monetary policy meetings in South Korea, Hungary, Poland and Israel. Federal Reserve publishes Beige Book of regional economic conditions. Bank of Canada Governor Poloz speaks publicly.

Holidays: U.S. Memorial Day and late spring British Bank holiday on Monday. Some Islamic countries to observe end of Ramadan.

Scheduled U.S. Economic Statistical Releases: Quarterly GDP second estimate. Monthly personal income and spending, PCE price deflator, new home sales, pending home sales, FHFA house price index, Case-Shiller house price index, Dallas, Richmond, and K.C. Fed manufacturing indices, Chicago Fed National Activity index, consumer confidence (both Conference Board and U. Michigan indices), Chicago PMI, and durable goods orders. Weekly jobless insurance claims, consumer comfort, chain store sales, mortgage applications, and energy inventories.

Euroland Releases: Economic sentiment, consumer prices, money and credit growth.

Members of the Euro Area: German GDP, CPI, import prices, retail sales, and IFO’s business climate index. Spanish, French, Finnish, Italian, Austrian, Belgian, Cypriot and Portuguese GDP. Spanish, Italian, French, Belgian, and Portuguese consumer prices. Italian, French, Finnish, Austrian, Greek and Cypriot producer prices. Italian, French, Finnish, Greek, and Portuguese business and consumer sentiment. Greek, Irish, and Portuguese retail sales. Austrian and Dutch business sentiment. Austrian and Belgian industrial production. Finnish unemployment and Austrian manufacturing purchasing managers survey.

U.K. and Switzerland: British Nationwide house price index, shop prices, consumer sentiment, and distributive trades survey. Swiss trade balance, KOF leading index, industrial production and ZEW expectations index.

Nordic Europe: Swedish, Danish and Norwegian retail sales and unemployment. Danish, Swedish, and Icelandic GDP. Danish and Swedish business sentiment. Swedish producer prices and trade balance. Norwegian consumer confidence.

Eastern Europe: Russian, Hungarian and Polish GDP. Czech business sentiment and consumer confidence. Russian retail sales and Polish consumer prices.

Japanese Data: All industry index, consumer confidence, corporate service prices, retail sales, industrial production, unemployment, housing starts, construction orders, Tokyo consumer prices, and index of leading economic indicators.

Other Selected Asian Indicators: Malaysian, Filipino, and Singaporean producer prices. Indian and Singaporean GDP. South Korean business sentiment, retail sales and construction output. Chinese corporate profits and Hong Kong trade balance. Taiwanese industrial production and consumer confidence. Singapore CPI and current account.

Australia and New Zealand: Quarterly Australian business investment and monthly money and private credit growth. New Zealand trade balance and business sentiment.

South Africa and Turkey: South African CPI, PPI, consumer confidence, money growth, and domestic credit expansion. Turkish GDP, trade, and unemployment.

Canada, Mexico, and Brazil: Canadian quarterly GDP and current account. Canadian monthly PPI, GDP, and industrial production. Mexican and Brazilian GDP, current account and unemployment. Mexican trade balance and Brazilian producer prices.

Copyright 2020, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



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