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Economic Calendar
Sunday, 30 November
The Composite PMI Index measures the activity level of purchasing managers in the both sectors. A reading above 50 indicates expansion in the sector; a reading below 50 indicates contraction. A higher than expected reading should be taken as positive/bullish for the CNY , while a lower than expected reading should be taken as negative/bearish for the CNY.
China Manufacturing Purchasing Managers Index (PMI) provides an early indication each month of economic activities in the Chinese manufacturing sector.It is compiled by China Federation of Logistics & Purchasing (CFLP) and China Logistics Information Centre (CLIC), based on data collected by the National Bureau of Statistics (NBS).Li & Fung Research Centre is responsible for drafting and disseminating the English PMI report. Every month questionnaires are sent to over 700 manufacturing enterprises all over China. The data presented here is compiled from the enterprises responses about their purchasing activities and supply situations. The PMI should be compared to other economic data sources when used in decision-making. A higher than expected reading should be taken as positive/bullish for the CNY , while a lower than expected reading should be taken as negative/bearish for the CNY.
China Non-Manufacturing Purchasing Managers Index (PMI) provides an early indication each month of economic activities in the Chinese Non-manufacturing sector.It is compiled by China Federation of Logistics & Purchasing (CFLP) and China Logistics Information Centre (CLIC), based on data collected by the National Bureau of Statistics (NBS).Li & Fung Research Centre is responsible for drafting and disseminating the English PMI report. Every month questionnaires are sent to over 700 Non-manufacturing enterprises all over China. The data presented here is compiled from the enterprises responses about their purchasing activities and supply situations. The PMI should be compared to other economic data sources when used in decision-making. A higher than expected reading should be taken as positive/bullish for the CNY , while a lower than expected reading should be taken as negative/bearish for the CNY.
OPEC meetings are attended by representatives from 13 oil-rich nations. They discuss a range of topics regarding energy markets and agree on how much oil they will produce. OPEC is responsible for nearly 40% of the world's oil supply.
Private Sector Loans is an economic calendar event in Saudi Arabia that reflects the financial activity and lending conditions between local banks and private businesses within the kingdom. This event provides valuable insights into the overall health of the Saudi Arabian economy and the level of confidence that businesses have in the financial system.
The data signifies the volume of loans provided to companies, businesses, and individuals in the Saudi private sector, which has a direct impact on consumption, investments, and growth initiatives that shape the nation's economy. By monitoring this event, investors, stakeholders, and policymakers can evaluate the health of the credit market and business activity in Saudi Arabia, which is crucial for understanding how the monetary policy and credit conditions affect market trends and the overall economic performance of the country.
The M3 Money Supply event is an important economic indicator for Saudi Arabia that provides insights into the nation's monetary policy and overall economic health. It measures the total amount of money available within the economy, including all forms of currency, deposits, and other financial assets that can be easily converted into cash.
This event is closely monitored by investors, policymakers, and economists to understand the trends in the nation's money supply, which can directly impact inflation rates, exchange rates, and overall economic stability. An increasing M3 Money Supply may lead to higher inflation and economic growth, while a decreasing M3 Money Supply may signal an economic slowdown or contraction.
By regularly tracking the M3 Money Supply event, stakeholders and market participants can gain valuable insights into Saudi Arabia's economic outlook and make informed decisions in their investment and policy-making strategies.
Building Consents (also known as Building Permits) measures the change in the number of new building consents issued by the government. Building consents are a key indicator of demand in the housing market.
A higher than expected reading should be taken as positive/bullish for the NZD, while a lower than expected reading should be taken as negative/bearish for the NZD.
The Australian Manufacturing Purchasing Managers Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance. A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.
Capital Spending measures the change in the overall value of capital investment made by companies. It is a leading indicator of business conditions and economic health. The number measures the change from the reported quarter to the same quarter a year earlier.
A higher than expected reading should be taken as positive/bullish for the JPY, while a lower than expected reading should be taken as negative/bearish for the JPY.
