Major data releases aplenty are on the economic calendar next week.

In the U.S., investors will focus on July retail sales, industrial production, and consumer prices.

In the euro area, second-quarter gross domestic product figures across the major economies and the German ZEW index are the main highlights.

In the U.K., the inflation data and Monetary Policy Committee minutes should be the focal points.

Elsewhere, Japan, Russia, Hungary, and Malaysia will also be releasing 2Q GDP data.

Below are entries on the economic calendar Aug. 13-17. All listed times are EDT.


No significant events or releases in the U.S.


Greece -- 2Q preliminary GDP.

Italy -- June general government debt.

New Zealand -- 2Q retail sales, excluding inflation.

Japan -- Index of tertiary industry activity for June.


7:30 a.m. -- The National Federation of Independent Business, or NFIB, Index of Small Business Optimism for July.

8:30 a.m. -- After falling for three months in a row, retail sales probably rebounded by about 0.3 percent month-over-month in July. This would suggest that consumption began the third quarter on a higher note. Economists are looking for a solid 0.3 percent gain in "core" sales -- excluding automobiles, building materials, and gasoline. This would be the strongest increase since March.

8:30 a.m. -- Producer prices for finished goods are likely to have risen 0.2 percent in July, as a comparatively small fall in the gasoline component may have been largely offset by a relatively large rise in food prices, partly reflecting the effect of drought in the Midwest on grain prices. Stripping away the more volatile food and energy components, core finished goods PPI should have expanded 0.2 percent in July, matching the pace of the prior four months and implying a 2.3 percent annual inflation rate for core PPI.

10 a.m. -- Business inventories probably rose 0.2 percent in June, after rising 0.3 percent in May.


Euro zone -- 2Q preliminary GDP.

Euro zone -- June industrial production.

Euro zone -- August ZEW economic sentiment index.

Germany -- 2Q preliminary GDP.

Germany -- August ZEW economic expectations index.

Australia -- July business confidence and vehicle sales.

France -- July harmonized index of consumer prices, or HICP, and CPI.

France -- 2Q preliminary GDP and nonfarm payrolls.

Finland -- July HICP.

Austria -- 2Q GDP.

Spain -- July HICP, final reading.

Slovakia -- 2Q preliminary GDP.

Czech -- 2Q preliminary GDP.

Hungary -- 2Q preliminary GDP.

Hungary -- July CPI.

Romania -- 2Q preliminary GDP.

Netherlands -- 2Q preliminary GDP.

Portugal -- 2Q preliminary GDP.

Sweden -- June industrial production.

Sweden -- July CPI.

Poland -- July CPI.

U.K. -- July CPI and retail price index, or RPI.


7 a.m. -- Mortgage Bankers Association's mortgage index for the week ending Aug. 11.

8:30 a.m. -- Consumer prices are likely to rise 0.2 percent monthly in July, after a flat reading in June. Food prices should rise in July, but the full effect of the drought may not appear for another month or two. Stripping out food and gasoline, economists look for core CPI also to rise 0.2 percent in July, matching the monthly increase in June.

8:30 a.m. -- Real earnings for July.

8:30 a.m. -- The Empire State Manufacturing Index likely will decline to 6.0 in August after a print of 7.39 in July.

9 a.m. -- Net long-term Treasury International Capital, or TIC, Flows for June.

9:15 a.m. -- Economists expect industrial production to advance 0.4 percent in July, which would push up the capacity-utilization rate to 79.2 percent.

10 a.m. -- In July, home-builder sentiment unexpectedly rose to a five-year high. Economists expect the National Association of Home Builders index to remain unchanged at 35 in August.

8 p.m. -- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota (a nonvoter on the Federal Open Market Committee this year) speaks on "Federal Reserve Overview and the Role of the Board of Directors" before a group of local business and community leaders in Minot, N.D.


Germany -- Chancellor Angela Merkel makes her first official bilateral visit to Canada (concluding Thursday).

U.K. -- August Monetary Policy Committee, or MPC, minutes, bank-rate vote, and asset-purchase vote.

U.K. -- June average weekly earnings and the International Labor Organization, or ILO, unemployment rate.

U.K. -- July claimant count unemployment.

Peru -- June economic activity index.

Malaysia -- 2Q GDP and current-account balance.

Malaysia -- July CPI.

Australia -- August consumer confidence.

Australia -- 2Q wage-price index.

Israel -- July CPI.


8:30 a.m. -- Economists look for initial jobless claims to rise to 365,000 for the week ending Aug. 11. That is up from the 361,000 print in the prior week.

8:30 a.m. -- Housing starts likely fell 0.5 percent to 756,000 units in July. Building permits -- a leading indicator of starts -- likely rose to 766,000 units from 760,000 units in the prior month.

10 a.m. -- For the past three months, the Philadelphia Fed Manufacturing Survey has come in negative. Economists expect that trend to continue in August as they look for the index to print at -5.0. That represents a bounce back from the -12.9 in July's report.

8 p.m. - Federal Reserve Bank of Minneapolis President Kocherlakota speaks on "Federal Reserve Overview and the Role of the Board of Directors" before a group of local business and community leaders in Williston, N.D.


Australia -- The Reserve Bank of Australia, or RBA, Assistant Governor Guy Debelle speaks on panel at conference in Sydney.

Turkey -- August benchmark repo rate.

Chile -- August overnight rate target.

Israel -- 2Q preliminary GDP.

Australia -- August inflation expectations.

Australia -- 2Q average weekly wages.

Australia -- July HICP.

U.K. -- July retail sales.

Euro zone -- July Eurostat core and final reading on HICP.

Mexico -- 2Q GDP.

Mexico -- June economic activity index.


9:55 a.m. -- The University of Michigan's index of consumer sentiment should show a small increase to 72.7 in the preliminary August report, compared with a reading of 72.3 in July.

10 a.m. -- A drop in initial jobless claims, gains in equity markets, and a continued positive contribution from the interest-rate spread are expected to push the Conference Board's index of leading economic indicators 0.2 percent higher in July, after dropping 0.3 percent in June.


Singapore -- July nonoil domestic exports.

Germany -- July PPI.

Sweden- July unemployment rate.

Euro zone -- June European Central Bank current account.

Euro zone -- June trade balance.

Taiwan -- 2Q GDP, final reading.

Argentina -- June economic activity index.

Sources: Central banks, European Commission, Reuters, Market News, Capital Economics, Nomura.