A big week in local data, as all eyes are on the RBA (Reserve Bank of Australia) to either hold or cut rates at its meeting on Tuesday, with February’s retail trade figures released earlier on that day and international trade figures on Wednesday on must-watch list too.
Its PMI – purchasing managers index – week internationally. We’ve have the official Chinese PMI on the weekend, and now its time for Japan, then Europe and then the US as the week progresses. The other major data flow will be unemployment data from Europe and US.
Remember, you can keep up to date with the MacroBusiness Economic Calendar, linked on the righthand sidebar, which includes weekly and monthly data release times and the European debt auction timetable.
From the Australian Bureau of Statistics (ABS):
Monday: Building Approvals, Feb 2012
Tuesday: Retail Trade, Feb 2012
Wednesday: International Trade, Feb 2012
Thursday: Engineering construction activity, Dec 2011From the Reserve Bank of Australia (RBA):
Monday: Index of commodity prices
Tuesday: Monetary Policy meeting – cash rate currently at 4.25%
Wednesday: Chart PackOther Local and New Zealand data
Monday: AIG Manufacturing Index, MI Inflation
Tuesday: AIG Services IndexInternational:
Monday: Japan Tankan manufacturing survey, UK, German and EMU manufacturing PMIs, Italian unemployment
Tuesday: EMU PPI and GDP, US Redbook and ISM Manufacturing index
Wednesday: US factory orders, EMU/German and UK services index, US ADP employment
Thursday: US ISM non-manafacturing index, US jobless claims, German/UK industrial production
Friday: US money supply, consumer credit