Next Week’s Menu: August 29-September 4, 2020

August 28, 2020

Central Banks: Monetary policy review are scheduled in Chile, Australia and Ukraine. The Federal Reserve Beige Book of regional economic conditions will be published. Clarida and Brainard from the Fed, Governor Lowe of the Reserve Bank of Australia, and Saunders, Haldane and Broadbent of the Bank of England speak publicly.

British Holiday: U.K. markets will observe a bank holiday on Monday.

Purchasing Manager Surveys: Over 65 different PMI surveys will be released during the first week of September.

Scheduled U.S. Economic Statistical Releases: Quarterly productivity and unit labor costs. Monthly labor market situation (employment, unemployment and average hourly earnings), construction spending, auto sales, trade balance, Dallas Fed manufacturing index, NY regional purchasing managers index (NAPM), and ADP estimate of private sector jobs. Weekly chain store sales, consumer comfort, mortgage applications, energy inventories and jobless insurance claims.

Euroland Data: Consumer prices, producer prices, retail sales and unemployment.

Members of the Euro Area: German, Italian, Greek, Portuguese, Cypriot and Belgian GDP. German, Spanish, Italian, Cypriot, and Portuguese consumer prices. German, Dutch, Belgian, Greek and Portuguese retail sales. French and Spanish current accounts. German, Spanish, Austrian, Irish, and Cypriot unemployment. Portuguese and Irish industrial production. Belgian and Cypriot producer prices. German industrial orders and Finland’s trade balance.

U.K. and Switzerland: British shop prices, same-store sales, new car sales, Nationwide house price index, money growth, consumer credit and mortgage approvals. Swiss retail sales and consumer prices.

Eastern Europe: Polish, Czech and Hungarian GDP. Polish, Hungarian and Romanian retail sales. Hungarian and Romanian producer prices. Polish and Russian consumer prices. Czech and Hungarian industrial production.

Nordic Europe: Danish and Icelandic GDP. Danish unemployment and Norway’s current account.

Japanese Data: Industrial production, retail sales, housing starts, construction orders, consumer confidence, the monetary base, and second-quarter business investment.

Selected Other Asian Releases: South Korean GDP, industrial production, retail sales, construction output, trade balance, CPI, current account and trade balance. Hong Kong, Singaporean, and Thai retail sales. Indonesian, Filipino and Thai consumer prices. Filipino industrial production and unemployment. Indian GDP and Thai current account.

Australia and New Zealand: Australian second-quarter GDP, current account and corporate profits plus monthly trade, retail sales, housing permits, and money and credit growth. New Zealand business confidence, import prices and terms of trade.

Canadian Releases: Monthly PPI, trade balance, labor statistics, IVEY-PMI and quarterly unit labor costs and productivity.

Brazil and Mexico: Brazilian GDP, PPI, unemployment, industrial production, and balance of trade. Mexican consumer confidence and business sentiment.

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



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