This is late because I passed the day in the Great South Bay. Some of this data has already been released but this is a worthwhile reference.
Via Robert Sinche at Amherst Pierpont Securities:
The Economic Commission Board of OPEC meets in Vienna…enjoy it while you can still afford to meet in Vienna! Good thing the EUR is weaker…
AUSTRALIA: While economic growth remains subdued, Private Sector Credit Growth has stabilized at over 6% during the first 3 months of 2015 and the April data should continue that trend; the banking sector continues to function well in the credit creation process.
S. KOREA: The stronger KRW, particularly versus the JPY, continues to weigh on competitiveness, and the BBerg consensus expects Industrial Production to have fallen -0.5% YOY in April, which would mark the 3rd consecutive YOY decline.
INDIA: The BBerg consensus expects the recently introduced quarterly GDP series to show YOY growth of 7.3% for 1Q2015, maintaining Indian YOY real GDP growth above that of China for the 3rd consecutive quarter.
JAPAN: The reports of April data, using YOY comparisons, will be skewed by the reaction to the April 1, 2014 consumption tax hike. However, the trends are likely to remain the same – a declining labor force will help keep the UR low (BBerg consensus 3.4%, unchanged), April core inflation is expected at 0.3% YOY while Industrial Production growth will stay at -0.1%, which would be the 7th consecutive month of YOY declines.
EURO ZONE: The report on Monetary Conditions for April will include an update on Loans to the Non-Financial Corporate Sector, with the -0.6% YOY decline reported for March the smallest since July 2012 as stronger EZ growth brings increased private sector credit demand.
GERMANY: The BBerg consensus expects Real Retail Sales growth was +2.5% YOY in April, maintaining the string of 4 consecutive solid YOY gains dating back to last December.
FRANCE: The BBerg consensus expects Real Consumer Spending to have increased +2.4% in April as French consumers maintain positive spending momentum.
ITALY: The BBerg consensus expects higher energy costs to contribute to a 0.1% YOY rise in the EU harmonized CPI in the preliminary May report.
SPAIN: Spain has been more aggressive in addressing competitiveness issues, so the BBerg consensus is for a May CPI (EU Harmonized index) to show a -0.6% YOY decline, smaller than the -0.7% YOY drop in April; the trough was -1.5% in January.
BRAZIL: The BBerg consensus expects real GDP to have fallen -1.8% YOY in 1Q 2015, the 4th consecutive YOY drop and the largest since 2Q 2009.