Next Week’s Menu: March 20 – 26, 2021

March 19, 2021

Central Banks: Interest rate policy will be reviewed in Switzerland, Iceland, China, Thailand, South Africa, Mexico, Colombia and the Philippines. NY Federal Reserve District President Williams is one of the Fed officials speaking in public, and Bank of England Governor Bailey gives a speech, too. Minutes from a previous Bank of Japan Board meeting will be published.

Special Event and Holiday: The European  Union Council meets Thursday-Friday. South Africans observe Human Rights Day on Monday.

Scheduled U.S. Economic Data Releases: Quarterly GDP, current account and PCE price deflator. Monthly advance trade deficit estimate, durable goods orders, Chicago Fed National Activity Index, new home sales, existing home sales, K.C. Fed and Richmond Fed manufacturing surveys, and IHS-compiled preliminary March purchasing manager surveys. Weekly jobless insurance claims, mortgage applications, energy inventories, consumer comfort and chain store sales.

Japanese releases: Preliminary purchasing manager surveys, Tokyo consumer prices, corporate service prices and index of leading economic indicators.

Other Selected Asian Releases: Thai and Hong Kong trade balances. Singaporean and Hong Kong consumer prices. Taiwanese and Singaporean industrial production. Hong Kong’s current account and South Korean producer prices

Euroland Data: Preliminary March PMI survey results, current account, consumer confidence, and money and bank credit growth.

Members of the Euro Area: German and French PMI surveys. German, French, Italian, Finnish, Belgian, Dutch, and Irish consumer confidence. Dutch and Greek current accounts. French index of leading economic indicators and consumer spending. Irish, Finnish and Spanish producer prices. IFO’s German business climate index and Spanish GDP. Italian industrial orders.

U.K. and Switzerland Releases: British CPI, PPI, retail sales, unemployment, employment, average labor earnings, industrial trends survey, distributive trades survey, and preliminary purchasing manager survey results. Swiss GDP and current account.

Eastern Europe: Czech and Russian business confidence. Czech consumer confidence and Hungary’s current account.

Nordic Europe: Danish and Swedish consumer confidence and retail sales. Sweden’s trade balance, PPI, current account and business confidence index.

Australia and New Zealand: Preliminary Australian PMI results and that economy’s index of leading economic indicators. New Zealand trade balance and consumer confidence.

South Africa and Turkey: South African CPI, PPI, and business confidence. Turkish consumer confidence.

Mexico and Brazil: Mexican unemployment, retail sales, and trade balance. Brazilian current account and consumer confidence.

Copyright 2021, Larry Greenberg. All rights reserved. No secondary distribution without express permission.




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