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Here's the Economic Calendar for the week commencing the 28th of November 2010. This week December starts. So the PMI data will start flowing with releases expected from China, Japan, the US, and the EU, among others. There's also some more GDP data out this week with Australia, Canada, and Switzerland announcing their Q3 results. In the US, there's the S&P/Case-Shiller house price index, consumer confidence, nonfarm payrolls, and the Beige Book from the Fed.

(More commentary follows the table)

Day GMT Country/
Currency
Event Forecast Previous
SUN 21:45 NZD Trade Balance [New Zealand dollars] [OCT] -400M -532M
SUN 21:45 NZD Exports [New Zealand dollars] [OCT] 3.31B 3.16B
SUN 21:45 NZD Imports [New Zealand dollars] [OCT] 3.78B 3.69B
SUN 23:50 JPY Retail Trade [YoY] [OCT] 0.70% 1.40%
SUN 02:00 NZD NBNZ Business Confidence [NOV] 23.70
MON 10:00 EUR Eurozone Business Climate Indicator [NOV] 1.05 0.98
MON 10:00 EUR Eurozone Consumer Confidence [NOV F] -10.00 -10.00
MON 10:00 EUR Eurozone Economic Confidence [NOV] 105.00 104.10
MON 10:00 EUR Eurozone Industrial Confidence [NOV] 2.00 0.00
MON 10:00 EUR Eurozone Services Confidence [NOV] 9.00 8.00
MON 13:30 CAD Current Account [BoP] [Canadian dollar] [3Q] -$15.2B -$11.0B
MON 23:30 JPY Jobless Rate [OCT] 5.00% 5.00%
MON 23:50 JPY Industrial Production [MoM] [OCT P] -3.20% -1.60%
MON 23:50 JPY Industrial Production [YoY] [OCT P] 3.10% 11.50%
MON 00:30 AUD Current Account Balance [Australian Dollar] [3Q] -6600M -5640M
TUE 05:00 JPY Housing Starts [YoY] [OCT] 9.70% 17.70%
TUE 05:00 JPY Annualized Housing Starts [OCT] 0.840M 0.837M
TUE 05:00 JPY Nomura/JMMA Manufacturing PMI [NOV] 47.20
TUE 08:55 EUR German Unemployment Change [NOV] -20K -3K
TUE 10:00 EUR Eurozone CPI Estimate [YoY] [NOV] 1.90% 1.90%
TUE 10:00 EUR Eurozone Unemployment Rate [OCT] 10.10% 10.10%
TUE 11:00 EUR Italian Unemployment Rate s.a. [OCT] 8.40% 8.30%
TUE 13:30 CAD Gross Domestic Product [MoM] [SEP] [SEP] 0.10% 0.30%
TUE 13:30 CAD Quarterly GDP Annualized [3Q] 1.50% 2.00%
TUE 14:00 USD S&P/Case-Shiller Composite-20 [YoY] [SEP] 1.00% 1.70%
TUE 14:00 USD S&P/Case-Shiller US Home Price Index [YoY] 3.60%
TUE 14:00 USD S&P/Case-Shiller 20 City [MoM] s.a. [SEP] -0.40% -0.28%
TUE 15:00 USD Consumer Confidence [NOV] 52.70 50.20
TUE 00:30 AUD Gross Domestic Product [QoQ] [3Q] 0.50% 1.20%
TUE 00:30 AUD Gross Domestic Product [YoY] [3Q] 3.40% 3.30%
TUE 01:00 CNY PMI Manufacturing [NOV] 54.80 54.70
TUE 02:00 NZD ANZ Commodity Price [NOV] 2.90%
TUE 02:30 CNY HSBC Manufacturing PMI [NOV] 55.40 54.80
WED 07:00 GBP Nationwide House Prices n.s.a. [YoY] [NOV] 1.40%
WED 07:00 GBP Nationwide House Prices s.a. [MoM] [NOV] -0.40% -0.70%
WED 08:45 EUR Italian PMI Manufacturing [NOV] 53.10 53.00
WED 08:50 EUR French PMI Manufacturing [NOV F] 57.50 57.50
WED 08:55 EUR German PMI Manufacturing [NOV F] 58.90 58.90
WED 09:00 EUR Eurozone PMI Manufacturing [NOV F] 55.50 55.50
WED 09:30 GBP Purchasing Manager Index Manufacturing [NOV] 54.70 54.90
WED 13:30 USD Non-Farm Productivity [3Q] F 2.30% 1.90%
WED 13:30 USD Unit Labor Costs [3Q F] [3Q] F -0.20% -0.10%
WED 15:00 USD ISM Manufacturing [NOV] 56.50 56.90
WED 15:00 USD Construction Spending [MoM] [OCT] -0.40% 0.50%
WED 19:00 USD Fed's Beige Book [DEC]
WED 00:30 AUD Trade Balance [Australian dollar] [OCT] 2000M 1760M
WED 00:30 AUD Retail Sales s.a. [MoM] [OCT] 0.40% 0.30%
THU 06:45 CHF Gross Domestic Product [YoY] [3Q] 3.10% 3.40%
THU 06:45 CHF Gross Domestic Product [QoQ] [3Q] 0.50% 0.90%
THU 08:15 CHF Retail Sales [Real] [YoY] [OCT] 4.10%
THU 09:30 GBP Purchasing Manager Index Construction [NOV] 51.30 51.60
THU 10:00 EUR Eurozone Gross Domestic Product [QoQ] [3Q] 0.40% 0.40%
THU 10:00 EUR Eurozone Gross Domestic Product [YoY] [3Q] 1.90% 1.90%
THU 10:00 EUR Eurozone Producer Price Index [MoM] [OCT] 0.30% 0.30%
THU 10:00 EUR Eurozone Producer Price Index [YoY] [OCT] 4.30% 4.20%
THU 12:45 EUR European Central Bank Rate Decision [DEC] 1.00% 1.00%
THU 15:00 USD Pending Home Sales [MoM] [OCT] -1.00% -1.80%
THU 15:00 USD Pending Home Sales [YoY] [OCT] -24.90%
THU 01:00 CNY China Non-manufacturing PMI [NOV] 60.50
THU 02:30 CNY China HSBC Services PMI [NOV] 56.40
FRI 05:00 EUR German Retail Sales [MoM] [OCT] 1.20% -1.70%
FRI 05:00 EUR German Retail Sales [YoY] [OCT] 1.30% 0.40%
FRI 08:15 CHF Consumer Price Index [MoM] [NOV] 0.10% 0.50%
FRI 08:15 CHF Consumer Price Index [YoY] [NOV] 0.10% 0.20%
FRI 09:00 EUR Eurozone PMI Composite [NOV F] 55.40 55.40
FRI 09:00 EUR Eurozone PMI Services [NOV F] 55.20 55.20
FRI 10:00 EUR Eurozone Retail Sales [MoM] [OCT] 0.20% -0.20%
FRI 10:00 EUR Eurozone Retail Sales [YoY] [OCT] 1.00% 1.30%
FRI 12:00 CAD Net Change in Employment [NOV] 20.0K 3.0K
FRI 12:00 CAD Unemployment Rate [NOV] 7.90% 7.90%
FRI 13:30 USD Change in Private Payrolls [NOV] 153K 159K
FRI 13:30 USD Change in Non-farm Payrolls [NOV] 142K 151K
FRI 13:30 USD Unemployment Rate [NOV] 9.60% 9.60%
FRI 15:00 USD ISM Non-Manufacutring Composite [NOV] 54.70 54.30
FRI 15:00 USD Factory Orders [OCT] -1.00% 2.10%

As noted, it will be a big week for PMI (Purchasing Manager's Index) data releases. As can be seen in the table, results are due from the US, China, Japan, and throughout the EU. The results will provide a timely update, especially for the China and US results. I will be watching these two in particular very closely and will put out updates throughout the week. Consensus forecasts are picking a bit of an increase in China, and flat in the US, so watch this space.

Australia will announce its 3rd quarter GDP result on Tuesday, with consensus picking slightly slower quarterly growth, and stronger year on year growth. Canada will also provide an update on its GDP results as will Switzerland and the wider EU. The EU is not expected to make any large revisions to its Q3 GDP results, but it will be worth a look, particularly on a country-by-country basis.

On the monetary policy front, the European Central Bank meets on Thursday, and as usual, the rate likely won't be moving, but it will be interesting to see what the ECB says given the rumblings in the EU sovereign markets. As noted, the US Fed also releases the Beige book economic report this week, which will be interesting in light of the Fed's recent launch of QEII. Elsewhere in the world, Pakistan reviews rates on Monday, Thailand on Wednesday, and Indonesia on Friday; expecting only changes from Pakistan.

Apart from PMI, GDP, and monetary policy, some of the other interest data points out this week include: Japan industrial production (expected to slow), EU CPI and unemployment rate (expect little change), S&P Case-Shiller house price index (expect a monthly decline in Sep), US consumer confidence (expect an improvement), and of course US employment data for November with nonfarm payrolls expected to expand by a similar amount as October, and no change to the unemployment rate.

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

Disclosure: No positions

Source: Economic Calendar: A Big Week for PMI Data Releases