THE WEEK AHEAD

Business confidence, consumer sentiment and lending finance prints headline a week chock full of local and offshore economic data.

A wave of key economic indicators is due in the week ahead, with both local and international data set to catch the eyes of investors.

In local news, lending finance data is due, along with business and consumer confidence figures.

Overseas, United States Treasury budget data will be released, along with highly anticipated inflation data.

Key data is also due out of China, including trade balance, imports and exports figures.

An ASX conference in Hong Kong highlights a very quiet week in corporate news.

Elsewhere, the New South Wales state government will release its budget for 2012/13.

Local news

The week in local news brings a mixture of private and public indicators.

Australian markets will be closed on Monday for the Queen’s Birthday holiday.

On Tuesday, April lending finance data is due from the Australian Bureau of Statistics.

Elsewhere, National Australia Bank will release its business confidence and business conditions indexes for May.

Wednesday sees Westpac Banking Corporation and the Melbourne Institute release its consumer sentiment index for June.

Thursday brings the Melbourne Institute’s unemployment expectation index and consumer inflation expectations index for June.

Corporate

The recent dearth of company news continues this week, with only a small amount of activity worth monitoring

On Monday, Roc Oil and Coalworks will be part of an investor presentation at an ASX small to mid cap conference in Hong Kong.

On Tuesday, Canadian grain handling giant Viterra will release earnings data.

Friday sees Balamara Resources hold its annual general meeting.

Offshore

In overseas news, Monday brings RICS housing price data for May in the United Kingdom.

Tuesday sees United States Treasury budget data for May released, along with import and export price data for the month.

Economists expect the data to show import prices slid 0.9 per cent in the month, on the back of a lower oil prices, while export prices are tipped to have eased 0.1 per cent.

The NFIB business optimism index for May is also on tap.

In the UK, April trade balance figures are due.

Industrial and manufacturing production data for April are also awaited.

Wednesday brings May producer price index data in the US, alongside retail sales figures for the month.

Analysts are tipping business inflation to have contracted 0.3 per cent in the month, with core prices growing 0.2 per cent.

Retail sales are expected to have gained by 0.3 per cent, and 0.2 per cent excluding cars.

April business inventories numbers and the weekly Energy Information Administration petroleum status report are also due.

The Mortgage Banker's Association mortgage applications wrap up a busy day in the US.

Thursday bring highly anticipated US consumer price index data. Analysts are expecting the figures to show prices eased 0.1 per cent in the period, hurt by lower oil prices.

Current account balance figures for the first quarter and jobless claims data will also be released.

The deficit is tipped to have grown to $US131.2 billion.

On Friday, industrial production and consumer sentiment data is due in the US.

Economists expect the data to show a 0.3 per cent lift in production.

US Treasury international capital data is also on tap, along with the New York Empire State manufacturing survey.

Elsewhere, the Bank of Japan will meet to make its interest rate decision for the month.

Wrapping up

Rounding off the week, key data is also due out of China over the weekend, including trade balance, imports and exports figures.

Tuesday sees the New South Wales state government will release its budget for the 2012-13 financial year.

Elsewhere, the Organisation of Petroleum Exporting Countries will release its monthly oil market report.

Wednesday sees OPEC hold a two-day international seminar in Austria.

On Thursday, Australian Competition and Consumer Commission chairman Rod Sims will speak at a Committee for Economic Development of Australia event in Sydney.

Sydney Airport chief executive officer Kerrie Mather will address an American Chamber of Commerce function in Sydney.