Economic Calendar - 12 July 2010
Here's the Economic Calendar for the week commencing the 12th of July 2010. This week there's inflation figures due out from China, US, UK, EU, and New Zealand. China is also set to release its Q2 GDP figures this week, as well as fixed asset investment, retail sales, PPI, and industrial production. The EU, Japan, and US are also set to release their latest industrial production figures this week. There's also more confidence numbers from the US, Australia, Japan, and the Euro Zone.
(More commentary follows the table)
|MON||1:30||AUD||Home Loans (MAY)||0.0%||-1.8%|
|MON||1:30||AUD||Investment Lending (MAY)||1.3%|
|MON||8:30||GBP||Gross Domestic Product (QoQ) (1Q F)||0.3%||0.4%|
|MON||8:30||GBP||Gross Domestic Product (YoY) (1Q F)||-0.2%||-3.1%|
|MON||14:30||CAD||Business Outlook Future Sales (2Q)||44|
|TUE||1:30||AUD||NAB Business Confidence (JUN)||5|
|TUE||4:30||JPY||Industrial Production (YoY) (MAY F)||20.2%|
|TUE||5:00||JPY||Consumer Confidence (JUN)||42.7|
|TUE||7:15||CHF||Producer & Import Prices (YoY) (JUN)||1.4%|
|TUE||8:30||GBP||Consumer Price Index (YoY) (JUN)||3.1%||3.4%|
|TUE||8:30||GBP||Core Consumer Price Index (YoY) (JUN)||2.8%||2.9%|
|TUE||9:00||EUR||German ZEW Survey (Economic Sentiment) (JUL)||25.3||28.7|
|TUE||9:00||EUR||Euro-Zone ZEW Survey (Economic Sentiment) (JUL)||16.3||18.8|
|TUE||12:30||CAD||International Merchandise Trade (Canadian dollar) (MAY)||0.2B|
|TUE||12:30||USD||Trade Balance (MAY)||-$39.0B||-$40.3B|
|TUE||22:00||NZD||REINZ House Sales (YoY) (JUN)||-17.2%|
|TUE||22:00||NZD||REINZ Housing Price Index (MoM) (JUN)||-1.4%|
|TUE||22:45||NZD||Retail Sales Ex-Auto (MoM) (MAY)||0.6%||-0.2%|
|TUE||23:01||GBP||Nationwide Consumer Confidence (JUN)||62||65|
|WED||0:30||AUD||Westpac Consumer Confidence Index (JUL)||101.9|
|WED||8:30||GBP||Jobless Claims Change (JUN)||-20.0K||-30.9K|
|WED||9:00||EUR||Euro-Zone Consumer Price Index (YoY) (JUN F)||1.4%||1.4%|
|WED||9:00||EUR||Euro-Zone Consumer Price Index - Core (YoY) (JUN)||0.9%||0.8%|
|WED||9:00||EUR||Euro-Zone Industrial Production s.a. (MoM) (MAY)||1.2%||0.8%|
|WED||12:30||USD||Advance Retail Sales (JUN)||-0.2%||-1.2%|
|WED||12:30||USD||Retail Sales Less Autos (JUN)||-0.1%||-1.1%|
|WED||18:00||USD||Federal Open Market Committee Meeting Minutes|
|WED||22:00||CNY||Consumer Price Index||3.3%||3.1%|
|WED||22:00||CNY||Gross Domestic Product||10.5%||11.9%|
|WED||22:00||CNY||Retail Sales y/y||18.8%||18.7%|
|WED||22:30||NZD||Business NZ Performance of Manufacturing Index (JUN)||54.5|
|THU||JPY||Bank of Japan Interest Rate Decision||0.10%||0.10%|
|THU||8:00||EUR||European Central Bank Monthly Report|
|THU||12:30||USD||Producer Price Index (YoY) (JUN)||3.1%||5.3%|
|THU||12:30||USD||Producer Price Index Ex Food & Energy (YoY) (JUN)||1.1%||1.3%|
|THU||13:15||USD||Industrial Production (JUN)||0.0%||1.2%|
|THU||14:00||USD||Senate Banking Committee Holds Hearing on Fed Nominations|
|THU||22:45||NZD||Consumer Prices Index (YoY) (2Q)||2.0%|
|FRI||9:00||EUR||Euro-Zone Trade Balance s.a. (euros) (MAY)||0.8B||1.4B|
|FRI||12:30||CAD||Leading Indicators (MoM) (JUN)||0.9%|
|FRI||12:30||USD||Consumer Price Index (YoY) (JUN)||1.2%||2.0%|
|FRI||12:30||USD||Consumer Price Index Ex Food & Energy (YoY) (JUN)||0.9%||0.9%|
|FRI||13:55||USD||U. of Michigan Confidence (JUL P)||74||76|
A major feature this week will be the monthly China data release (trade figures are already out), but this time there will also be the quarterlies, including an update on the GDP situation in China. Growth is projected to slow slightly, and inflation is projected to accelerate, while industrial projection is likely to show a decrease, and consumer spending will probably be close to unchanged. Given the concerns about a potential slowdown in the Chinese economy, this will be a closely watched release.
On the inflation front, the UK will start off the June CPI reporting, with expectations for a slight decrease in the inflation rate; next is Europe, expected to show little change in the year on year change. As noted China is expected to show a slight increase, New Zealand will also likely see an increase, but the US on the other hand will likely see a further drop-off in the inflation rate - in line with indications from the PMI figures for June.
Another feature of the week will be the updates to industrial production; first up is the final reading for May from Japan, then there's the May reading for the Euro-Zone; expected to be up slightly on a year over year basis, and the US is expected to report a slight slowdown, as is China; which is consistent with the PMI readings from both countries.
In the monetary policy sphere there's the Bank of Japan interest rate decision, US FOMC minutes, and the Senate banking committee will be holding a hearing on Fed nominations.
Also as noted, there will be further confidence updates, with Japan reporting consumer confidence, Australia reporting business and consumer confidence, the EU reporting economic sentiment, and the US with the University of Michigan Confidence indicator.
So as always, have a great week, watch out for surprises, and stay tuned for updates...
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