Next Week’s Menu: May 14 – 20, 2022

May 13, 2022

Central Bank: Monetary policy reviews are scheduled in the Philippines, Sri Lanka, South Africa, China, and Thailand. Minutes from this week’s Reserve Bank of Australia board meeting get published.

Holiday: Several countries commemorate Buddha’s birthday early in the week.

Scheduled U.S. Data Releases: Retail sales, industrial production, capacity usage, housing starts, building permits, existing home sales, NAHB housing market index, index of leading economic indicators, Empire State and Philly Fed manufacturing surveys, and Treasury-compiled international capital flows. Weekly jobless insurance claims, chain store sales, mortgage applications and energy inventories.

Japanese and Chinese Releases: Japanese quarterly GDP and monthly CPI, PPI, customs trade balance, machinery orders, machine tool orders, tertiary index, revised industrial production and capacity utilization. Chinese unemployment, fixed asset investment, industrial production, home prices, and retail sales.

Other Selected Asian Releases: Malaysian, Singaporean, and Indonesian trade balances. Taiwanese and Indonesian current accounts. Indian wholesale prices and South Korean producer prices. Thai GDP and Hong Kong unemployment.

Euroland Data: Quarterly GDP and employment growth. Monthly CPI, new car sales, current account, balance of trade, construction output, consumer sentiment, and index of leading economic indicators. Also EU publishes its spring forecasts.

Members of the Euro Area: Dutch, Finnish, and Cypriot GDP. Spanish, Irish, Belgian, Italian, and Dutch trade balances. Italian and Portuguese current accounts. German, Irish, and Portuguese producer prices. French, Dutch and Greek unemployment.Austrian and Italian consumer prices. Dutch consumer confidence and household spending. German wholesale prices.

U.K. and Switzerland: British CPI, PPI, retail sales, productivity, consumer confidence, index of leading economic indicators, industrial trends survey, and labor market statistics such as unemployment and average weekly earnings. Swiss industrial production.

Nordic Europe: Danish GDP, PPI, and consumer confidence. Icelandic CPI, Swedish industrial production, and Norway’s trade balance.

Eastern Europe: Polish, Russian and Hungarian GDP growth. Polish and Czech producer prices. Polish CPI and industrial production.

Australia and New Zealand: Australian quarterly labor costs and monthly unemployment, employment, and index of leading economic indicators. New Zealand quarterly producer prices and monthly trade balance and service sector purchasing managers index.

Canada and Mexico: Canadian CPI, PPI, new home prices, housing starts and survey of manufacturing sales, orders and inventories. Mexican retail sales and index of leading economic indicators.

Copyright 2022, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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