How about some charts to see development over time

quote:

Originally posted by Jayday How about some charts to see development over time

Haha sure. I'll quit my job and set up a paypal account where you guys can pay me to do this full time

Week Ending July 25

RELEASE: Retail Sales [Italy]: -3.2%
FIRST TAKE: According to just-released data from Istat, Italian retail sales slumped 0.6% month on month and 3.2% year on year in May. This more than reverses the narrow gains registered in April.

RELEASE: Industrial Production [Taiwan]: 15.7%
FIRST TAKE: Taiwan’s industrial output rose 15.7% in June following growth of 16.6%, year on year, in May. The May result was however somewhat distorted as it came off a low base caused by last year's SARS outbreak.

RELEASE: GDP [United Kingdom]: 3.7%
FIRST TAKE: According to the Office of National Statistics, real gross domestic production growth accelerated in the second quarter to 0.9% q/q (3.7% y/y), versus 0.7% in the first three months of the year. The data are seasonally adjusted.

RELEASE: Retail Trade [Hungary]: 6.8%
FIRST TAKE: Hungarian retail sales decelerated slightly in May. According to the Hungarian statistical office, retail sales grew 6.8% on a year-ago basis during the month.

RELEASE: ZEW Indicator of Economic Sentiment [Germany]: 48.4
FIRST TAKE: The ZEW survey of investor confidence for the month of July rose to 48.4 from 47.4 in June, trouncing market expectations of a decline. The ZEW is generally seen as a precursor to the more widely-watched Ifo index that comes out later in the month. In June, however, the ZEW rose while the Ifo made a surprise dip.

RELEASE: Monetary Policy [Canada]: 2.00%
FIRST TAKE: As widely expected, the Bank of Canada kept rates on hold at 2% today. The accompanying statement was more sanguine than recent statements. It noted that the Canadian economy is now closer to full capacity than it was several months ago. As such, the BoC now expects the economy to reach full capacity by mid-2005.

RELEASE: Retail Sales Index [Czech Republic]: 2.1%
FIRST TAKE: Czech retail sales slipped in May. According to the Czech Statistical Office, retail sales fell 1.5% from the previous month on a seasonally adjusted basis. Weak auto sales played a major role in the dismal performance.

RELEASE: Industrial Production [Euro Zone]: 0.70%
FIRST TAKE: Euro-zone production came in strong during May. According to Eurostat, the E.U. statistical agency, industrial production increased 0.7% in May from April on a seasonally adjusted basis. The strong m/m turnout and upward revisions to back data boosted year-ago to 3.9% from 1.6%. Official IP data is finally reflecting the more buoyant PMI data.

RELEASE: Monetary Policy [Hungary]: 11.5%
FIRST TAKE: The National Bank of Hungary opted to leave its policy rate unchanged at the close of today's meeting.

RELEASE: Economy.com Survey of Business Confidence: 37.9%
FIRST TAKE: Businesses remain upbeat, with confidence in mid-July close to the record high that has prevailed since early April. Confidence is strongest in North America and Asia, measurably improved in South America, and while still lagging in continental Europe, is improving. Construction and real estate firms, mining companies and business service firms are the most positive. Businesses remain particularly interested in investing equipment and software. Expectations have measurably weakened, however, as there has been a notable erosion in responses to the question regarding expectations six-month hence. Previously giddy manufacturers, while still very positive, have turned measurably more cautious in recent weeks. Government, retailers, and travel companies continue to be less positive.

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Retro ...

Week Ending August 1

RELEASE: Industrial Production [Portugal]: -0.2%
FIRST TAKE: The Portuguese industrial sector continued to expand in June, notching a 0.9% m/m expansion on the heels of May's 0.6% gain. According to the National Institute of Statistics (INE), activity still lingers 0.2% below year-earlier levels, versus a 2.2% y/y contraction the previous month.

RELEASE: Industrial Production [Russia]: 107.5
FIRST TAKE: The Russian Industrial Production Index marked at 107.5 in June, indicating at least the eighteenth straight month of growing industrial production. Additionally, the IP Index on a monthly basis posted at 102, indicating rising production from May's level.

RELEASE: Retail Sales [Spain]: 7.3%
FIRST TAKE: According to figures just released by INE, the Spanish statistical agency, real retail sales rebounded strongly in June, climbing 3.8% y/y after a downwardly-revised 0.1% dip in the previous month. In non-inflation adjusted terms, sales rose 7.3% y/y, rebounding strongly from May's 3.1% advance.

RELEASE: Industrial Production [Finland]: -1.7%
FIRST TAKE: Finnish industrial production fell in June by 1.7% from May, following a strong gain the previous month. Despite the sequential slip in June, output growth was healthy on a year-over-year basis (4.9%), with strength stemming from the wood and paper and energy industries.

RELEASE: Employment Situation [France]: 9.9 % Unemployment
FIRST TAKE: The French unemployment rate rose to 9.9% in June as the number of unemployed rose for the second consecutive month.

RELEASE: Consumer Confidence [France]: -23
FIRST TAKE: French consumer confidence held steady at a weak -23 in July for the third consecutive month. Consumers became more concerned about the outlook for their finances, but less concerned about the outlook for overall living standards.

RELEASE: Retail Sales [Germany]: 96.2
FIRST TAKE: Retail sales in Germany were mixed in June, but there has been no sign of a marked turnaround in retail activity as consumers remain reluctant to spend. As stubbornly high unemployment is here to stay, the consumer economy will remain a drag on overall activity.

RELEASE: Business and Consumer Survey [Euro Zone]: 100.1
FIRST TAKE: Business and consumer sentiment in the euro zone rose marginally in July, thanks to small improvements in the services and retail components. The important consumer and industrial components showed no change in July. Europe’s slow and uninspiring recovery seems on track.

RELEASE: Consumer Confidence [United Kingdom]: -3.0
FIRST TAKE: The Martin Hamblin Gfk monthly consumer sentiment index climbed to -3 in July from -4 the previous month, versus expectations that it would hold steady.

RELEASE: Nationwide Housing Price Index [United Kingdom]: 20.3%
FIRST TAKE: The incipient moderation in the British housing market has been interrupted. The Nationwide’s July house price index climbed 2.1% from the month before, pushing the annual rate up to 20.3% - versus the 0.9% m/m and 19.1% y/y increase notched in June.

RELEASE: Monetary Policy [Czech Republic]: 2.25%
FIRST TAKE: The Czech National Bank opted to leave interest rates unchanged at the conclusion of today’s meeting. The decision, which came after last month's unexpected increase in rates, was in line with the consensus, although some market participants had expected a 25 bps move.

RELEASE: Business Survey [France]: 106
FIRST TAKE: French business confidence jumped to 106 in July from a downwardly revised 104 in June. This put the index at its highest level since April 2001. Improvements in orders and output were responsible for the gain as assessments of the outlook weakened.

RELEASE: Monetary Policy [Poland]: 6.00%
FIRST TAKE: The National Bank of Poland today elected to boost interest rates by a further 25 basis points, bringing the benchmark reference rate to 6.0%. This follows on the heels of a 50 basis point hike in June - the first increase since August 2000.

RELEASE: IFO Business Climate Index [Germany]: 95.6
FIRST TAKE: The IFO Business Climate Index showed a marked increase for July. Both the assessment of current conditions as well as expectations recorded sizable gains in July. The index also exceeded expectations for a more moderate improvement. Thus, the index suggests that the moderate expansion currently underway in Europe’s largest economy will continue.

RELEASE: Balance of Payments [Euro Zone]: 3.2 billion euros
FIRST TAKE: The current account surplus for the euro area declined during May. According to Eurostat, the European Union statistical agency, the euro area registered a current account surplus of €5.8 billion during May, a decline of €3 billion from the previous month. The goods balance was stable, and the surplus on services increased, but the deficit on income flows widened during the month. On the financial side, demand for foreign debt by euro-area residents pushed the balance on the capital account deeper into the red.

RELEASE: Retail Trade [Canada]: 4.6%
FIRST TAKE: Retail sales in Canada rose 0.5%(m/m) in May, after falling 0.8% in April. Sales increased in five of the eight categories, with increased activity in food and beverages and home furnishings. Excluding auto sales, retail activity rose by a robust 1.4%.

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Not much to say ... Eurozone remained relatively unchanged. Norway and Sweden did relatively well. Germany still sucks ass ...

Week Ending August 8

RELEASE: Industrial Production [Norway]: 12.4%
FIRST TAKE: Norwegian output came in very strong during June. According to Statistics Norway, total industrial output posted a 6.1% gain from May on a seasonally adjusted basis, which makes for the second consecutive strong monthly gain. Both, manufacturing and oil output were strong in the month, as the late May/early June oil workers’ strike did not seem to have disrupted production. Norway’s economy is looking stronger.

RELEASE: Industrial Production [Germany]: -1.9%
FIRST TAKE: Industrial production in Germany contracted by a seasonally adjusted 1.9% in June compared to the previous month. While the data are likely to be revised upward eventually, they suggest that the economic recovery in Germany remains fragile.

RELEASE: OECD Composite Leading Indicators [OECD]: 103.8
FIRST TAKE: According to the OECD, fairly steady aggregate growth is in store over the next six to eight months, though there are regional disparities. The Composite Leading Indicator (CLI) for the OECD area increased 0.1 points for the month of June, after falling 0.1 points in the previous month. The six-month rate of growth fell for the fifth consecutive month after an upward trend that began in April 2003. Global growth has peaked for the cycle, but a sharp deceleration is not imminent.

RELEASE: Labor Force Survey [Canada]: 7.2 % Unemployment
FIRST TAKE: The Canadian labor force survey showed a modest gain of 9,000 in payrolls for July. The gain falls short of expectations, and comes after three consecutive months of solid gains in payrolls. The unemployment rate edged down 0.1% to 7.2%.

RELEASE: Industrial Production [Spain]: 3.6%
FIRST TAKE: Industrial output in Spain rose 3.6% y/y in June in calendar-adjusted terms, according to the National Statistics Institute (INE). May's gain was revised downward to 2.9% from 3.1%.

RELEASE: Industrial Production [United Kingdom]: -0.3%
FIRST TAKE: Industrial production in the U.K. unexpectedly dipped in June, falling 0.3% month-on-month according to data from the Office for National Statistics. Output held 0.5% above the year-ago level, versus a 0.4% m/m and 1.2% y/y gain in May.

RELEASE: GDP [Sweden]: 0.9%
FIRST TAKE: Swedish real GDP grew 3.3% year-over-year (calendar adjusted) in the second quarter, and expanded by 0.9% from the previous three month period, according to a preliminary estimate released by Statistics Sweden.

RELEASE: Monetary Policy [United Kingdom]: 4.75%
FIRST TAKE: As was widely anticipated, the Monetary Policy Committee of the Bank of England opted to raise the benchmark repo rate by 25 basis points to 4.75%. This is the committee's fifth hike since the current cycle began in November. We anticipate two further hikes in the balance of this year.

RELEASE: Monetary Policy [Euro Zone]: 2.00%
FIRST TAKE: As expected, the ECB held monetary policy constant today. At the conclusion of its two-day meeting, the Governing Council of the European Central Bank decided that the minimum bid rate on main refinancing operations (the repo rate)—the central bank’s main policy instrument—would be held constant at 2.0%. A recovery in output is under way, but that improvement is not translating into employment gains. On the price front, inflation has drifted higher, and will move higher still early next year. Adding it all up, monetary policy is on hold until early 2005.

RELEASE: Employment Situation [Germany]: 11,000
FIRST TAKE: Unemployment in Germany increased by 11,000 in July compared to June after seasonally adjusting. The unemployment rate rose from 10.5% in June to 10.6% based on seasonally adjusted data. Thus, structural rigidities have prevented the modest economic recovery currently underway in Germany from benefiting the labor market.

RELEASE: Reuters Euro-Zone Services PMI [Euro Zone]: 55.3
FIRST TAKE: Growth in euro area service activity held steady during July. According to the Reuters service-sector PMI report, aggregate service activity grew at the same rate in June as the previous month, though growth in new orders weakened somewhat, and the decline in service employment quickened marginally. Growth in the service sector has leveled off, as expectations for employment growth and wage gains have not been realized. As a result, the services are not adding to aggregate growth in the currency union.

RELEASE: Retail Trade [Euro Zone]: 1.8%
FIRST TAKE: Euro-zone retail sales surged 1.8% in June, almost completely reversing the previous month’s sharp contraction in spending. Among the euro-zone nations releasing June data, all showed a gain in sales.

RELEASE: Unemployment Rate [Euro Zone]: 9.0 % Unemployment
FIRST TAKE: The euro-zone rate of unemployment held steady in June. According to Eurostat, the European Union statistical agency, the unemployment rate for the month of June registered 9.0% for the third consecutive month. The labor markets in the large economies are drifting sideways. Some of the undertow is easing, but that is not the same thing as saying that employment prospects are improving. Most of the economic improvement is still in output, not employment.

RELEASE: Consumer Price Index [Korea]: 4.4%
FIRST TAKE: Korean inflation spiked in June to 4.4% y/y which was a 16 month high for the northern Asian country. This was attributed to high food prices in the country, as well as high energy costs.

RELEASE: Reuters Euro-Zone Manufacturing PMI [Euro Zone]: 54.7
FIRST TAKE: Euro-zone manufacturing growth bounced back from the deceleration in June. The Reuters purchasing managers’ index increased to 54.7 in July from 54.4 during June, returning the index to the May level. The indices for output and new orders both increased, though new orders are still below the May peak. The pace of growth is moderating in nearly all economies around the world. Despite this, the euro-zone manufacturing recovery still has some legs.

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quote:

Originally posted by occrider Norway and Sweden did relatively well.

Viva la communista

quote:

Originally posted by occrider Not much to say ... Eurozone remained relatively unchanged. Norway and Sweden did relatively well. Germany still sucks ass ... Week Ending August 8 RELEASE: Labor Force Survey [Canada]: 7.2 % Unemployment FIRST TAKE: The Canadian labor force survey showed a modest gain of 9,000 in payrolls for July. The gain falls short of expectations, and comes after three consecutive months of solid gains in payrolls. The unemployment rate edged down 0.1% to 7.2%. RELEASE: Unemployment Rate [Euro Zone]: 9.0 % Unemployment FIRST TAKE: The euro-zone rate of unemployment held steady in June. According to Eurostat, the European Union statistical agency, the unemployment rate for the month of June registered 9.0% for the third consecutive month. The labor markets in the large economies are drifting sideways. Some of the undertow is easing, but that is not the same thing as saying that employment prospects are improving. Most of the economic improvement is still in output, not employment.

dang when you compare that to your other thread where it states that US unemployment is at 5.5%

quote:

RELEASE: Employment Situation [United States]: 32,000 FIRST TAKE: Payroll employment gains were far weaker in July than expected with only 32,000 net new jobs created. The weak result was mainly due to lackluster service job creation; manufacturing employment rebounded. Moreover, the weak June total was revised down, from 112,000 to 78,000 net new jobs. Nonetheless, the unemployment rate, which is derived from a separate survey, declined by 10 basis points, to 5.5%.

you start to wonder what kerry's been bitching about. seems like i'd be more stable with a job here than elsewhere.

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If God is the answer, it must have been a very stupid question.

Interesting, seems like france and germany are starting to recover a bit!

http://news.bbc.co.uk/2/hi/business/3557836.stm

heckuva report

Finally I got unlazy ...

Week Ending August 22

RELEASE: Monetary Policy [Sweden]: 2.0%
FIRST TAKE: As was widely anticipated, the monetary authorities left the benchmark interest rate unchanged at 2.0%, citing favourable inflationary conditions in spite of a strengthening and broadening recovery.

RELEASE: GDP [France]: 0.8%
FIRST TAKE: French real gross domestic product rose 0.8% in the second quarter, in line with last week’s flash estimate and matching the rate of expansion in the first quarter. Business investment led growth, while net trade was a substantial drag on the overall expansion.

RELEASE: GDP [Taiwan]: 7.7%
FIRST TAKE: Economic activity in Taiwan surged in the second quarter. According to the National Statistics of Taiwan, real GDP in 2004Q2 grew at 7.7% on a year ago basis, not seasonally adjusted, up from 6.7% in 2004Q1.

RELEASE: Balance of Payments [Euro Zone]: 4.5 billion euros
FIRST TAKE: The balance on the current account for the euro area turned negative during June. According to Eurostat, the European Union statistical agency, the euro area registered a seasonally-adjusted current account deficit of €500 million during June, a decline of €6.5 billion from the previous month. The goods balance deteriorated by €4.3 billion, and the deficit on income increased. On the financial side, net portfolio inflows topped an outflow of net FDI, to drive total net inflows during the month.

RELEASE: Foreign Trade [Euro Zone]: 8.7 billion euros
FIRST TAKE: The euro area trade report for June showed a smaller trade surplus. According to Eurostat, import growth outpaced exports to drive the seasonally-adjusted trade balance down to €7.1 billion from €9.1 billion. Trade continues to be supportive of growth, however, as year-to-date exports are growing faster than imports, and the trade balance is more than double one year ago.

RELEASE: Retail Trade [Hungary]: 7.4%
FIRST TAKE: Hungarian retail sales grew 7.4% in June from a year ago, up from 6.3% in May. The pace of retail sales growth is down substantially from last year's unsustainable rate, and is expected to ease further due to tepid real wage gains.

RELEASE: Retail Sales [United Kingdom]: 6.6%
FIRST TAKE: In July, the British retail sector ended its longest uninterrupted streak of monthly growth since comparable statistics began in 1986. According to the Office for National Statistics (ONS), sales dipped 0.4% m/m, exceeding the median forecast for a 0.2% contraction. This, however, by no means suggests overall weakness in the retail trade: sales were still up a substantial 6.6% y/y.

RELEASE: Retail Sales Index [Czech Republic]: 4.5%
FIRST TAKE: Czech retail sales rebounded in June. According to the Czech Statistical Office, retail sales advanced 1.8% from the previous month on a seasonally adjusted basis. Strong auto sales played a major role in the turnaround.

RELEASE: Consumer Price Index [Euro Zone]: 2.3
FIRST TAKE: The July report on euro-zone inflation came in very soft. According to Eurostat, the E.U. statistical agency, consumer prices fell 0.2% during July from the previous month, which pushes the year-ago rate down a tenth of a percentage point to 2.3%. Core inflation fell even more. The turnout was driven by a sharp plunge in clothing prices, which had been elevated of late. Energy prices are higher, and will march higher still in subsequent reports. The turnout reinforces a constant monetary policy through the end of the year.

RELEASE: ZEW Indicator of Economic Sentiment [Germany]: 45.3
FIRST TAKE: The ZEW Indicator of Economic Sentiment fell to its lowest level in one year in August. The drop exceeded expectations for a slightly more moderate decline in the index. Despite the drop recorded for August, the index points to a continuation of the moderate expansion currently underway in Europe’s largest economy.

RELEASE: Industrial Production [Euro Zone]: -0.40%
FIRST TAKE: June production data for the euro area came in soft. According to Eurostat, the E.U. statistical agency, industrial production decreased 0.4% in June from May on a seasonally adjusted basis. The decline was driven by a large m/m drop-off in German output, and a moderate decrease in Italy. Manufacturing activity is still growing, however, and one should not put too much emphasis on the June turnout. We expect manufacturing to continue to expand for the remainder of the year.

RELEASE: Industrial Production [Sweden]: -1.4%
FIRST TAKE: According to Statistics Sweden, total industrial production finished-off the second quarter on a weak note, dipping a seasonally adjusted 1.4% month-on-month in June. This contrasts with the 1.1% growth rate notched in May and pulls the expansion over a year ago down to 4.3% from 7.7% the previous month.

RELEASE: Monetary Policy [Hungary]: 11.0%
FIRST TAKE: The National Bank of Hungary cut its policy rate by 50 bps to 11% today. The size/timing of the rate cut was in line with expectations.

Week Ending August 15

RELEASE: Industrial Production [Hungary]: 8.7%
FIRST TAKE: Hungarian industrial production remains strong, up 8.7% from a year ago in June. Industrial production has been growing at rates at or above 9% since late last year, thanks to strong exports. Forward looking indicators point to moderately slower growth going forward, however.

RELEASE: Consumer Price Index [France]: 2.3%
FIRST TAKE: Annual CPI inflation in France slowed for the second consecutive month, to 2.3% in July. Apparel and fresh food prices declined sharply in the month while service inflation accelerated. Annual harmonized inflation also moderated, to 2.6% from last year.

RELEASE: Industrial Production [Belgium]: 7.3%
FIRST TAKE: Belgium's industrial production index rose a solid 7.3% on a deseasonalized year-ago basis in May. The initial estimate for April was revised upward to a 2.4% gain from a 2.2% expansion.

RELEASE: GDP [Germany]: 0.5%
FIRST TAKE: Economic growth in Germany accelerated slightly in the second quarter of 2004. Real GDP expanded by 0.5% compared to the previous quarter after adjusting for seasonal and calendar effects. The increase in economic activity was well within expectations.

RELEASE: Industrial Production [Czech Republic]: 12.8%
FIRST TAKE: According to the Czech Statistical Office, industrial output adjusted for work days increased 12.8% in June on a year-ago basis. This is the fourth consecutive month of double-digit, year-over-year growth. Production expanded 1.7% from May to June on a seasonally adjusted basis.

RELEASE: GDP [Netherlands]: 1.0%
FIRST TAKE: GDP rose 1.0% in the second quarter from the same period in 2003, according to data released today by Statistics Netherlands. This is the second quarter of positive year-on-year growth, and could be a sign of a nascent recovery.

RELEASE: Industrial Production [India]: 7.3%
FIRST TAKE: India’s industrial activity continued to expand at a strong pace in June, growing 7.3% on a year-ago basis. Capital goods investment was especially strong in June. The latest numbers affirm another strong quarter of growth in the second quarter of 2004. Early fears of a slowdown thanks to weaker monsoons in July and August have receded, but may still be reflected in lower IP numbers in the near term.

RELEASE: Industrial Production [Greece]: -1.5%
FIRST TAKE: Industrial production in Greece dipped 1.5% year on year in June, according to the nation's statistical service. This more than reverses May's 1.4% gain and is the first dip below year-earlier levels since January.

RELEASE: Industrial Production [Indonesia]: 15.0%
FIRST TAKE: Indonesian output decelerated in June. According to Bank Indonesia, growth in industrial production slipped to 15% on a year-ago basis in June from a revised 19.5% in May. Trade data are still firm, but the extended election may sap domestic production some.

RELEASE: Consumer Price Index [Germany]: 1.8%
FIRST TAKE: The risks for Europe’s largest economy remain decidedly on the side of economic weakness. Inflation in Germany remained subdued in July recording a mere 1.8% increase compared to the same month one year ago. However, inflation has accelerated compared to the beginning of the year due to higher energy prices.

RELEASE: Industrial Production [Netherlands]: 0.1%
FIRST TAKE: The Dutch manufacturing industry is once again showing signs of revival, although recent gains have been extremely limited. According to data released by Statistics Netherlands, industrial production in June was up 0.1% in June 2003. On a monthly basis, manufacturing output fell 0.2%.

RELEASE: Employment Situation [United Kingdom]: 2.7 % Unemployment
FIRST TAKE: The U.K. labour market let out steam for a second consecutive month, according to figures contained in the Office of National Statistics’ monthly workforce survey. The underlying data are mixed: the unemployment rate rose, while the employment rate slipped. However, job vacancies rose vis-à-vis a year ago and the number of benefits claimants dropped yet again. The market has eased for two consecutive months, yet nonetheless remains historically very tight.


RELEASE: Monetary Policy [Norway]: 1.75%
FIRST TAKE: As expected, the Norges Bank held monetary policy constant. At the conclusion of its monetary policy meeting, the Executive Board at the Norges Bank decided to maintain the target for its monetary policy instrument—the sight deposit rate—at 1.75%. Economic growth is still accelerating, but low import prices and rising productivity at home are constraining price pressures. As such, the Norges Bank is likely to hold rates steady through the end of the year.

RELEASE: Monetary Policy [Japan]: No change
FIRST TAKE: The BoJ did not adjust its key monetary settings. Local conditions seem tolerable at present though it looks as if deflation will not end in the short term.

RELEASE: Industrial Production [France]: 0.2%
FIRST TAKE: French output data registered a moderate increase during June. According to Insee, total industrial production increased 0.2% during June from May on a seasonally adjusted basis, which put year-ago growth at 2.7%--a decrease from the previous month. Manufacturing output was a bit stronger. French manufacturing is faring better than moost in the euro area.

RELEASE: Consumer Price Index [United Kingdom]: 1.4%
FIRST TAKE: Consumer price inflation, as calculated by EU-harmonized standards, dipped 0.3% month on month in July, according to the Office of National Statistics. This beats expectations for a 0.1% drop and pulls the annual rate of price growth down to 1.4%, from 1.6% the previous month. These results reflect the dovish short-term inflationary view held by the Bank of England, and will allow the MPC to maintain a gradualist approach to monetary tightening.

RELEASE: Industrial Production [Turkey]: 15.7%
FIRST TAKE: Turkish industrial production expanded at a 15.7%pace in June on a year-ago basis, slightly slower than last month. Computer equipment and motor vehicle manufacturing are driving the robust industrial expansion.

RELEASE: Industrial Production [Italy]: -0.7%
FIRST TAKE: Industrial production in Italy slumped 0.7% in June, the sixth time in the last seven months that output has failed to advance.

RELEASE: Industrial Production [Denmark]: 4.1%
FIRST TAKE: Danish industrial production dipped by 0.7% in June after an upwardly-revised May. Still, production was up 4.1% on a year-ago basis, its third consecutive month of solid year-ago comparison.




I wouldn't count on Germany performing better yet ...

http://www.economist.com/agenda/dis...tory_id=3125928

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Retro ...

Slow week except for Canada.

Week Ending August 29

RELEASE: IFO Business Climate Index [Germany]: 95.3
FIRST TAKE: The IFO Business Climate Index declined slightly in August compared to July as expectations for the near term outlook deteriorated while businesses were more sanguine about current conditions. The index suggests that the fragile recovery led by global economic growth will continue.

RELEASE: Monetary Policy [Czech Republic]: 2.50%
FIRST TAKE: The Czech National Bank opted to raise all three of its monetary policy instruments by 25 basis points at the close of today's meeting. The decision was widely expected as policymakers are attempting to head of rising inflationary pressures in the economy.

RELEASE: Monetary Policy [Poland]: 6.50%
FIRST TAKE: The National Bank of Poland today elected to boost interest rates by a greater than expected 50 basis points. The central bank has now increased interest rates by a total of 125 basis points at its last three meetings in an effort to curb inflationary expectations.

RELEASE: Consumer Price Index [Canada]: -0.1%
FIRST TAKE: Headline inflation rose 2.3% (y/y) in July while core CPI remained unchanged from June at 1.6% (y/y). The largest contributor to overall price pressures was the higher price of gasoline in July, which rose 17.9%(y/y) in July. Some counterbalance to these higher prices was provided by lower prices for vegetables, computer equipment and auto leasing.

RELEASE: Retail Trade [Canada]: 4.9%
FIRST TAKE: Retail sales rose 0.2% in June after rising 0.6% in May. Retail activity was supported by buoyant sales at auto dealers and pharmacies. However, five other retail sectors recorded a decline. Housing-related sales were dampened by unseasonably cool weather. Excluding autos, retail sales fell 0.5% in June after rising 1.5% in May.

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Retro ...

whats up with the updates?

will there be anymore, or are you giving this up?

Rest assured I'm lazy but I'm not that lazy ... a number of factors have conspired against me on this one:

A) I had an electrical fire at my house a month ago. They need to redo the wiring so I've been without electricity and continue to be without electricity until Friday.

B) I'm staying at my gf's who doesn't have internet access.

C) I'm not getting econ updates at my work email address as of a month ago ... I'm guessing a spam filter.

D) I can't access internet email at work.

E) My hotmail account is probably dead by now.

F) I have a gmail invite but I haven't started a new account yet due to above reasons.

G) I'm going to have to register my future gmail account with all my econ sites.

As you can see, this is a "perfect storm" of sorts and I myself haven't seen any economic indicators in a while. The situation should remedy itself by this weekend when I finally get power at home and access to internet email. Therefore you can expect data at the end of next week

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Retro ...