Weekend Data Preview

January 27th, 2017 1:23 pm | by John Jansen |

Via Robert Sinche at Amherst Pierpont Securities:

JAPAN: After surging by 3.0% over the 3 months ended November, the Bberg consensus expects that Retail Sales dropped 0.5% MOM in December, a small giveback given recent gains.

EURO ZONE: The set of monthly EC economic and confidence surveys are expected to hold recent gains. The Bberg consensus expects the overall Economic Confidence Index for January held at a 6-year high of 107.8 while the GDP-leading Business Climate Indicator (BCI) is expected to inch up to 0.80 from 0.79, the highest since mid-2011.

GERMANY: The Bberg consensus expects that while the EU Harmonized CPI fell back -0.6% MOM in preliminary data for January, the YOY increase would increase to 2.0%, which would be the highest reading since December 2012. But the January/February YOY readings should mark the peak as the contribution from energy price comparisons lessens.

SPAIN: The Bberg consensus expects that preliminary data for Real GDP for 4Q2016 will show another 0.7% QOQ rise, bringing YOY growth down to 3.0%, the slowest in 7 quarters but still solidly above the EZ average of just over 1.5%.

SWITZERLAND: The Bberg consensus expects the December KoF Leading Indicator to have bounced back up to 102.9 after falling back to 102.2 in November.

GREECE: After declining by more than 35% from 2008, a depression-sized decline, it appears that nominal Retail Sales may finally be stabilizing with the Nov

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