Economic Calendar - Week Starting 14 November 2010

Here's the Economic Calendar for the week commencing the 14th of November 2010. This week there's Japan Q3 GDP, with consensus picking a small acceleration from Q2. There's also meeting minutes due out from the BoE and RBA, which will be interesting in light of their recent decisions. Of course there's also a line up of inflation stats from the US, UK, and EU, as well as industrial production and retail sales stats.

(More commentary follows the table)

Day	GMT	Country/ Currency	Event	Forecast	Previous
SUN	21:45	NZD	Retail Sales (MoM) (SEP)	1.10%	0.00%
SUN	23:50	JPY	Gross Domestic Product Annualized (3Q P)	2.50%	1.50%
SUN	23:50	JPY	Gross Domestic Product (QoQ) (3Q P)	0.60%	0.40%
SUN	23:50	JPY	Gross Domestic Product Deflator (YoY) (3Q P)	-1.50%	-1.70%
SUN	04:30	JPY	Industrial Production (MoM) (SEP F)		-1.90%
SUN	04:30	JPY	Industrial Production (YoY) (SEP F)
MON	10:00	EUR	Euro-Zone Trade Balance s.a. (euros) (SEP)	1.0B	-1.4B
MON	10:00	EUR	Euro-Zone Trade Balance (euros) (SEP)	0.1B	-4.3B
MON	13:30	USD	Advance Retail Sales (OCT)	0.70%	0.60%
MON	13:30	USD	Retail Sales Less Autos (OCT)	0.40%	0.40%
MON	13:30	USD	Retail Sales Excluding Auto & Gas (OCT)	0.30%	0.40%
MON		CNY	Actual FDI (YoY) (OCT)	10.40%	6.10%
MON	00:30	AUD	Reserve Bank's Board November Minutes (NOV 15)
MON	02:00	CNY	China September Leading Economic Index
TUE	09:30	GBP	Consumer Price Index (MoM) (OCT)	0.20%	0.00%
TUE	09:30	GBP	Consumer Price Index (YoY) (OCT)	3.10%	3.10%
TUE	09:30	GBP	Core Consumer Price Index (YoY) (OCT)	2.60%	2.70%
TUE	09:30	GBP	Retail Price Index (YoY) (OCT)	4.60%	4.60%
TUE	10:00	EUR	Euro-Zone Consumer Price Index (YoY) (OCT F)	1.90%
TUE	10:00	EUR	Euro-Zone Consumer Price Index (MoM) (OCT)	0.30%	0.20%
TUE	13:30	USD	Producer Price Index (MoM) (OCT)	0.80%	0.40%
TUE	13:30	USD	Producer Price Index Ex Food & Energy (YoY) (OCT)	2.10%	1.60%
TUE	14:15	USD	Industrial Production (OCT)	0.30%	-0.20%
TUE	14:15	USD	Capacity Utilization (OCT)	74.90%	74.70%
TUE	01:30	USD	Housing Starts (OCT)	-1.60%	0.30%
WED	09:30	GBP	Bank of England Minutes (NOV)
WED	09:30	GBP	Jobless Claims Change (OCT)	6.0K	5.3K
WED	13:30	USD	Consumer Price Index (YoY) (OCT)		1.10%
WED	13:30	USD	Consumer Price Index (MoM) (OCT)	0.30%	0.10%
WED	13:30	USD	Consumer Price Index Ex Food & Energy (MoM)	0.10%	0.00%
WED	13:30	USD	Consumer Price Index Ex Food & Energy (YoY)	0.70%	0.80%
WED	13:30	USD	Housing Starts (OCT) MOM%	600K	610K
WED	13:30	USD	Building Permits (OCT)	570K	539K
WED	21:45	NZD	Producer Prices- Inputs (QoQ) (3Q)	0.30%
WED	21:45	NZD	Producer Prices- Outputs (QoQ) (3Q)	0.60%
THU	09:30	GBP	Retail Sales (YoY) (OCT)	1.50%	1.80%
THU	09:30	GBP	Retail Sales with Auto Fuel (YoY) (OCT)	0.00%	0.50%
THU	10:00	EUR	Euro-Zone Current Account n.s.a. (euros) (SEP)		-10.5B
THU	10:00	EUR	Euro-Zone Current Account s.a. (euros) (SEP)		-7.5B
THU	23:50	JPY	Bank of Japan Meeting of the Minutes (OCT)
FRI	10:15	USD	Bernanke Speaks at ECB Conference in Frankfurt

As mentioned, Japan is set to announce its September quarter GDP stats, with the market picking a positive number (after Q2 saw a negative nominal number - made positive only after factoring in deflation!). Consensus sees Q3 GDP rising 0.60% from Q2, vs 0.40% in Q2 from Q1. But overall it will be a good opportunity to check in on the worlds 3rd largest economy.

Sticking with Japan, the Bank of Japan joins the Reserve Bank of Australia, and Bank of England, in releasing its monetary policy meeting minutes. All three will be relatively interesting; Japan's last meeting was held just after the Fed announced QEII, the RBA surprised the market with its rate hike after communicating a different message, and the BoE held fire on any adjustments to its asset purchase program - so we will watch these with great interest.

On a similar topic, a key feature of this week will be the inflation data releases. There's the UK with its October CPI and RPI, the EU with October CPI, ditto the US; and the US also has PPI and capacity utilisation stats out. So it will be a great chance to see if these developed nations are seeing any trends like the Chinese with their rapidly accelerating inflation.

Other key data releases this week include industrial production stats from Japan and the US. Foreign direct investment and the leading economic index from China. And US housing starts for the October month. There's also the banking conference on Friday which will be hosted by the ECB.

So as always, have a great week, watch out for surprises, and stay tuned for updates...

Sources
DailyFX www.dailyfx.com/calendar
Forex Pros www.forexpros.com/economic-calendar/
Forex Factory www.forexfactory.com/calendar.php
Bloomberg www.bloomberg.com
+various statistics websites and central bank websites for verification

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