Next Week’s Menu: November 15 – 21, 2025

November 14, 2025

Central Banks: Monetary policy stances will be reviewed in Jamaica, South Africa, China, Hungary, Indonesia and Iceland. Minutes from the October FOMC meeting will be published, and Williams, Logan, Goolsbee, Kashkari are among the Federal Reserve officials whose public remarks may create headlines. Mann, Pill and Dhringra of the Bank of England, as well as Swiss National Bank Sleijpen have speaking engagements in the period, too. Minutes from the last Reserve Bank of Australia policy review get published also.

G20 Summit in South Africa: A Sherpa Summit early next week will precede the Social Summit and eventually the annual summit of Group of Twenty political leaders in Johannesburg that starts on November 22 with a theme of Solidarity, Equality and Sustainability and which U.S. President Trump will not be attending. These events paradoxically fall on the 50th anniversary of the first G7 summit. That conference that evolved into an annual ritual of the leaders of the United States, Japan, Germany, France, Italy, Canada and United Kingdom was held in Rambouillet, France and was arranged just 2-1/2 years after the transition to flexible, market-determined dollar exchange rates and intended to share information and to coordinate currency market policy objectives and procedures for determining when market conditions were disorderly and procedures for providing countervailing policy guidance.

Scheduled U.S. Data Release: The government shutdown has ended, but confusion persists over which back data might be reported and when. That said, the normal list of statistics includes housing starts, building permits, the National Association of Home Builders housing market index, preliminary findings from the November Global-S&P purchasing manager surveys, Treasury-compiled capital flows, the Kansas City, Philly and Empire State manufacturing surveys, the U. Michigan survey of U.S. consumer confidence, existing home sales, new home sales, industrial production, capacity utilization and import prices. Also weekly energy inventories, chain store sales, mortgage applications and jobless insurance claims.

Japanese Releases: Quarterly GDP and price deflator. Monthly revised industrial production, machinery orders, capacity utilization and early results from the month’s purchasing managers surveys.

Selected Other Asia: Unemployment in India and Hong Kong. Malaysian and Hong Kong CPI. Singaporean and Malaysian trade balances. India’s PMI surveys and index of leading economic indicators.

Euroland Releases: Preliminary PMI surveys, consumer prices, consumer confidence, current account, index of leading economic indicators, and quarterly labor costs.

Members of the Euro Area: French and German PMIs. German, Portuguese, Estonian and Irish producer prices. Italian, Austrian and Belgian CPI. French and Belgian consumer sentiment. Spanish and Irish trade balances. French business confidence and Dutch unemployment.  Lithuanian and Portuguese industrial production.

U.K. and Switzerland: British CPI, RPI, PPI, industrial trends survey, distributive trades survey, November PMI results and Rightmove house price index. Swiss industrial production and trade balance.

Eastern Europe: Czech and Russian PPI.

Nordic Europe: Danish and Norwegian GDP. Danish PPI and consumer confidence. Norwegian trade balance and Icelandic CPI.

Australia and New Zealand: Australian PMI results, Westpac-compiled index of leading economic indicators, and quarterly wage price index. New Zealand service-sector PMI, PPI and food prices.

South Africa and Turkey: South African CPI and retail sales. Turkish consumer sentiment.

Canada and Mexico: Canadian CPI, PPI, retail sales, house prices, and housing starts.  Mexican GDP and index of leading economic indicators.

Copyright 2025, Larry Greenberg. All rights reserved. 

 

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