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Economic Calendar
Thursday, 30 July
The Australia and New Zealand Banking Group Limited (ANZ) Business Confidence measures the current business conditions in New Zealand. It helps to analyze the economic situation in the short term. A rising trend indicates an increase in business investment which may lead to higher levels of output.
It is concluded from a monthly survey of about 1,500 businesses which asks respondents to rate the year ahead economic outlook.
Above 50% indicates optimism, below indicates pessimism.
The Business Outlook is designed to provide a snapshot of business opinions regarding the expected future state of their business and the New Zealand economy overall. It is a monthly sample survey with around 700 respondents. The statistic is a good predictor of the future business situation, even though the survey asks for conditions twelve month hence. However, for items as price of goods and service as well as capacity utilization, the statistics predicts condition three month hence. The Net index (% expecting increase (improve/rise) minus % expecting decrease (worsen/decline). U = no survey is made in January.
Exports of goods and services consist of transactions in goods and services (sales, barter, gifts or grants) from residents to non-residents. Exports free on board (f.o.b.) and imports cost insurance freight (c.i.f.) are, in general, customs statistics reported under the general trade statistics according to the recommendations of the UN International Trade Statistics.
A higher than expected number should be taken as positive to the PHP, while a lower than expected number as negative.
Exports free on board (f.o.b.) and Imports cost insurance freight (c.i.f.) are, in general, customs statistics reported under the general trade statistics according to the recommendations of the UN International Trade Statistics. For some countries Imports are reported as f.o.b. instead of c.i.f. which is generally accepted. When reporting Imports as f.o.b. you will have the effect of reducing the value of Imports by the amount of the cost of insurance and freight.
A higher than expected number should be taken as positive to the PHP, while a lower than expected number as negative.
Producer Price Index (PPI) measures a change in the prices of goods and services, over a span of time, either as they leave their place of production or as they enter the production process. PPI measures a change in the prices received by domestic producers for their outputs or the change in the prices paid by domestic producers for their intermediate inputs. A higher than expected reading should be taken as positive/bullish for the PHP, while a lower than expected reading should be taken as negative/bearish for the PHP.
The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported. A higher than expected reading should be taken as positive/bullish for the PHP , while a lower than expected reading should be taken as negative/bearish for the PHP.
The Building Approvals report is a significant economic indicator in Australia, offering insights into the development and growth of the housing sector. This data provides estimations of future construction activity, and by extension, the wellbeing of the construction industry. The number of buildings approved for construction helps analysts to evaluate job prospects in the sector and to predict if any fluctuations in the housing market are imminent.
Building approvals also indicate the confidence level of builders and can reflect expectations about the economy’s overall health. A high number of approvals might suggest high future investment in construction and therefore overall economic growth. Conversely, a decrease might signal a decline in the construction sector and potentially wider economic troubles. For these reasons, the Building Approvals report is closely watched by economists, investors, and policy makers alike.
Building Approvals (also known as Building Permits) measures the change in the number of new building approvals issued by the government. Building permits are key indicator of demand in the housing market.
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.
The export prices number tracks price changes of goods. The figure is used to determine whether a change in the headline Export figure is representative of an increase of goods sold to foreign nations or just an increase in the price of export goods. The headline figure is the percentage change in the index from either the previous month or year. A higher than expected number should be taken as positive to the AUD, while a lower than expected number as negative.
The Import Price Index measures the change in the price of imported goods and services purchased domestically.
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.
Construction industry provides information on construction output and activity. Such information gives an insight into the supply on the housing and construction market. Rising number of new construction starts or value of construction completed reflects higher consumer and business optimism. Expanding construction indicates growth in the housing market and predicts an increase in the overall economy. However, an excessive supply of new buildings may result in a drop in housing prices. The construction industry is one of the first to go into a recession when the economy declines but also to recover as conditions improve. Statistics of building work approved are compiled from: permits issued by local government authorities; contracts let or day labour work authorised by Commonwealth, State, semi-government and local government authorities; major building activity in areas not subject to normal administrative approval e.g. building on remote mine sites.
The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment.
A higher than expected reading should be taken as negative/bearish for the SGD, while a lower than expected reading should be taken as positive/bullish for the SGD.
The figures displayed in the calendar represent the yield on the JGB auctioned.
JGB's have maturities of up to 50 years. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital. The rate on a JGB represents the return an investor will receive by holding the note for its entire duration. All bidders receive the same rate at the highest accepted bid.
Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.
The figures displayed in the calendar represent the yield on the JGB auctioned.
JGB's have maturities of up to 50 years. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital. The rate on a JGB represents the return an investor will receive by holding the note for its entire duration. All bidders receive the same rate at the highest accepted bid.
Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.
Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.
A higher than expected reading should be taken as positive/bullish for the THB, while a lower than expected reading should be taken as negative/bearish for the THB.
The Japanese Household Confidence indicator is a measure of the mood of consumers.
The index is based on data collected from a survey of around 5000 households.
The consumer confidence indicator is closely linked to consumer spending and correlated with personal income, purchasing power, employment and business conditions.
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.
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
French Consumer Spending measures the change in the inflation-adjusted value of all goods expenditures by consumers. Consumer spending accounts for the majority of economic activity.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health. A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
Retail trade excluding motor vehicles; including repair shops for personal and household goods. Adjusted for irregularity of the calendar. Retail sales data represents total consumer purchase from retail stores. It provides valuable information about consumer spending which makes up the consumption part of GDP. A higher than expected reading should be taken as positive/bullish for the SEK , while a lower than expected reading should be taken as negative/bearish for the SEK.
Retail trade excluding motor vehicles; including repair shops for personal and household goods. Adjusted for irregularity of the calendar. Retail sales data represents total consumer purchase from retail stores. It provides valuable information about consumer spending which makes up the consumption part of GDP. A higher than expected reading should be taken as positive/bullish for the SEK , while a lower than expected reading should be taken as negative/bearish for the SEK.
The definition for an unemployed person is: Persons (16-65 years) who were available for work (except for temporary illness) but did not work during the survey week, and who made specific efforts to find a job within the previous 4 weeks by going to an employment agency, by applying directly to an employer, by answering a job ad, or being on a union or professional register. The percentage number is calculated unemployed / (employed + unemployed). A higher than expected reading should be taken as negative/bearish for the DKK , while a lower than expected reading should be taken as positive/bullish for the DKK.
The Gross Domestic Product (GDP) is a key economic indicator for Saudi Arabia. It reflects the overall performance and health of the economy. This quarterly event measures the total value of all goods and services produced in the country, including consumption, investment, government spending, and net exports.
An increase in GDP indicates economic growth, which may signal a strong move towards job creation and increased consumer spending. On the other hand, a decline in GDP can signal a declining economy, which may result in job losses and decreased consumer spending. Investors, analysts, and policymakers monitor GDP data to make informed decisions and projections about Saudi Arabia's economic future.
GDP measures summary value of goods and services generated in a relevant country or region. A region's gross domestic product, or GDP, is one of the ways for measuring the size of its economy. Production approach - The sum of the value added created through the production of goods and services within the economy. Calculation: GDP using the production approach is derived as the sum of gross value added for each industry plus taxes less subsidies on products. Value added is the newly created value in the production process. It is calculated as the value of output less the value of intermediate consumption. Market influence of GDP Unexpectedly high quarterly GDP growth is perceived to be potentially inflationary if the economy is close to full capacity; this, in turn, causes bond prices to drop and yields and interest rates to rise. Where the stock market is concerned on one side higher than expected growth leads to higher profits and that's good for the stock market.
Trade balance, called also net export, is the difference between the value of country's exports and imports, over a period of time. A positive balance (trade surplus) means that exports exceed imports, a negative one means the opposite. Positive trade balance illustrates high competitiveness of country's economy. This strengthens investors' interest in the local currency, appreciating its exchange rate.
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.
A higher than expected reading should be taken as positive/bullish for the HUF, while a lower than expected reading should be taken as negative/bearish for the HUF.
French Non-farm Payrolls measures the change in the number of employed people, excluding the farming industry and government.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
Business Confidence rates the current level of business conditions. It helps to analyze the economic situation in the short term. A rising trend indicates an increase in business investment which may lead to higher levels of output.
A higher than expected reading should be taken as positive/bullish for the SEK, while a lower than expected reading should be taken as negative/bearish for the SEK.
The consumer confidence index is based on interviews with consumers about their perceptions of the country's current and future economic situation and their tendencies to purchase. The performance of the economy of a country is reflected in macro-economic variables, such as the gross national product, external debt, interest rates, foreign exchange rates, imports, exports, stock market prices, inflation rates, real wages, unemployment rate, and so on. The state of the economy is also reflected in the micro-behavior of the consumers. The attitudes and behaviors of individual consumers affect the performance of the economy. For example, if they believe that the economy is heading in a certain direction, then they would make their savings or spending plans according.
Confidence indicator is a measure of the mood of consumers or businesses. It is usually based on a survey during which respondents rate their opinion on different issues concerning current and future conditions. There are many kinds of confidence indicators as institutions measuring them use different questions, sizes of samples or frequency of publications. Consumers opinions are typically expressed with answers like: better,same,worse or positive, negative and unchanged. Results of such surveys are calculated by subtracting the negative replies from the positive ones. Business confidence indicator is closely linked to corporate spending and correlated with employment, consumption and investment. Therefore it is carefully watched as an indication of possible changes in the overall economic growth.
The KOF Leading Indicators Index is designed to predict the direction of the economy over the following six months. The index is a composite reading of 12 economic indicators related to banking confidence, production, new orders, consumer confidence and housing.
A higher than expected reading should be taken as positive/bullish for the CHF, while a lower than expected reading should be taken as negative/bearish for the CHF.
The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends.
A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.
The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy''s health. A stronger than expected number should be taken as positive for the EUR and a lower than expected number as negative to the EUR. This is the final reading
Harmonised Index of Consumer Prices, is the same as CPI, but with a joint basket of products for all Eurozone member countries. The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
Harmonised Index of Consumer Prices, is the same as CPI, but with a joint basket of products for all Eurozone member countries. The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation. A higher than expected reading should be taken as positive/bullish for the EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.
The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation. A higher than expected reading should be taken as positive/bullish for the EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.
A higher than expected reading should be taken as positive/bullish for the CZK, while a lower than expected reading should be taken as negative/bearish for the CZK.
GDP measures summary value of goods and services generated in a relevant country or region. A region's gross domestic product, or GDP, is one of the ways for measuring the size of its economy. Expenditure approach - Total expenditures on all finished goods and services produced within the economy. Calculation: GDP using the expenditure approach is derived as the sum of all final expenditures, changes in inventories and exports of goods and services less imports of goods and services. Market influence of GDP Unexpectedly high quarterly GDP growth is perceived to be potentially inflationary if the economy is close to full capacity; this, in turn, causes bond prices to drop and yields and interest rates to rise. Where the stock market is concerned on one side higher than expected growth leads to higher profits and that's good for the stock market.
Economic confidence index is a composite index that encapsulates consumers’ and producers’ evaluations, expectations and tendencies about general economic situation. The index is combined by means of a weighted aggregation of sub-indices of consumer confidence, seasonally adjusted real sector (manufacturing industry), services, retail trade and construction confidence indices. In the calculation of economic confidence index, each sectoral weights are not directly applied to the five confidence indices themselves but to their normalised individual sub-indices series as equally-distributed in each sector. Within this scope, totally 20 sub-indices of confidence indices for consumer, real sector, services, retail trade and construction are used in the calculation. Sub-indices used in the calculation of economic confidence index are calculated with data collected in the first two weeks of each month. It indicates an optimistic outlook about the general economic situation when economic confidence index is above 100, whereas it indicates a pessimistic outlook when it is below 100.
This release comprises all persons 15 years of age and over who were not employed (neither worked for profit, payment in kind or family gain at any job even for one hour, who have no job attachment) during the reference period who have used at least one channels for seeking a job during the last three months and were available to start work within 15 days. Persons who have already found a job or established their own job but were waiting to complete necessary documents to start work and who were available to start work within 15 days were also considered to be unemployed. A higher than expected reading should be taken as negative/bearish for the TRY, while a lower than expected reading should be taken as positive/bullish for the TRY.
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
Gross National Product and Gross Domestic Product is the total value of the finished goods and services produced in the economy. It is not a precise measureof national economic well-being but expressed in volume (adjusted for inflation)it is the closest single number we have got to such a measure. It is the sum of Final expenditures, Export of goods and services, Imports of goods and services,Private Consumption, Government Consumption, Gross Fixed Capital Formation and Increases/Decreases(-) in stocks. The difference between Gross National Product and Gross Domestic Product is the Net Factor Income/Payments abroad. The data are seasonally and calender adjusted.
Gross Domestic Product (GDP) is the broadest measure of economic activity and is a key indicator of economic health. The quarterly percent changes in GDP show the growth rate of the economy as a whole.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
Gross Domestic Product (GDP) is the broadest measure of economic activity and is a key indicator of economic health. The quarterly percent changes in GDP show the growth rate of the economy as a whole.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
Gross Domestic Product (GDP) is the broadest measure of economic activity and is a key indicator of economic health. The quarterly percent changes in GDP show the growth rate of the economy as a whole.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
Gross Domestic Product (GDP) is the broadest measure of economic activity and is a key indicator of economic health. The quarterly percent changes in GDP show the growth rate of the economy as a whole.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
The Baden Wuerttemberg Consumer Price Index (CPI) is an essential economic calendar event for Germany and captures the change in the general price level of goods and services that households purchase in the region of Baden Wuerttemberg.
It measures the average price movements over time in a basket of consumer goods and services, such as food, transportation, and healthcare. The index is a significant indicator of inflation, given that it reflects the changing costs that consumers face on a day-to-day basis.
Higher-than-expected readings can be seen as positive for the German economy, as it signals an increase in consumer spending. This could lead to an uptick in economic growth and, consequently, to higher interest rates. Conversely, a lower-than-expected reading may indicate decreased consumer spending and a weakening economy.
Investors, market analysts, and policymakers keep a close eye on the Baden Wuerttemberg CPI data as it helps to provide insight into the overall economic health of the region as well as its impact on the German economy.
The Baden Wuerttemberg Consumer Price Index (CPI) is an essential economic indicator released monthly, reflecting the change in prices for a representative basket of goods and services purchased by households in the Baden-Wuerttemberg region of Germany. The CPI is calculated by measuring the percentage change in the average price level of various goods and services, including food and beverages, housing, transportation, health care, and education, among others.
As the largest state in Germany in terms of both economy and population, Baden-Wuerttemberg is considered a significant contributor to Germany's overall economic performance. The Baden Wuerttemberg CPI provides valuable insights into inflationary trends, cost of living, and buying trends of consumers in the region. This data can also help the European Central Bank (ECB) and other policymakers shape monetary policies and gauge the effectiveness of implemented measures.
A high or rising CPI indicates an increase in inflation, which can negatively impact the purchasing power of consumers and erode their income. Conversely, a low or falling CPI signals lower inflation or even deflation, meaning that consumers can purchase more goods and services with the same amount of income. Monitoring the changes in the Baden Wuerttemberg CPI is essential for anyone interested in the German economy's performance and understanding the regional dynamics affecting inflation.
The Bavaria Consumer Price Index (CPI) is an economic calendar event that focuses specifically on the inflation rate of the federal state of Bavaria in Germany. The index tracks the changes in the prices of a basket of consumer goods and services purchased by households, including food, transportation, utilities, housing, and more.
CPI is a significant indicator of the overall economic health, as it directly illustrates the purchasing power of the consumers within the region. A rising CPI indicates rising inflation, while a falling CPI suggests a decrease in inflation rates. Both policymakers and investors closely follow this data, as it can impact the decisions made by the central bank, such as adjusting interest rates to control inflation.
It is important to note that the Bavaria CPI is only a portion of the overall German CPI, but it plays a vital role, as Bavaria is the largest and economically strongest federal state in Germany.
The Bavaria Consumer Price Index (CPI) is an economic calendar event that measures the change in the price of a basket of goods and services purchased by households in Bavaria, a region in Germany. It serves as an important indicator of inflation, as well as cost of living within the Bavarian economy.
Calculated on a monthly basis, the Bavaria CPI reflects the average price change of consumer goods and services compared to the previous month. This includes items such as food, transportation, housing, and healthcare. The percentage change in the Bavaria CPI is commonly used to determine the inflation rate for the region.
An increase in the Bavaria CPI signifies a rise in inflation, which may lead to a decrease in consumer purchasing power and an increase in interest rates. Conversely, a decrease in the Bavaria CPI indicates a lower inflation rate, which could lead to increased consumer purchasing power and potentially lower interest rates. Investors and market analysts closely monitor the Bavaria CPI data for insights into the health and future direction of the German economy.
The Brandenburg Consumer Price Index (CPI) is an important economic event that evaluates and measures the average price change of a basket of selected goods and services consumed by households in the Brandenburg region of Germany. The CPI is a widely-used indicator for determining inflation and the overall cost of living.
By evaluating a fixed set of goods and services over time, the Brandenburg CPI provides a clear picture of changes in consumer spending habits and the purchasing power of the local currency. This information is crucial for both businesses and policymakers who aim to make informed decisions about economic growth, interest rates, and fiscal policies.
The release of the Brandenburg CPI data can have an impact on financial markets, particularly on the strength of the German economy and the Euro. Investors, traders, and economic analysts pay close attention to the CPI as it can be a key element in determining the overall health and performance of the economy.
The Brandenburg Consumer Price Index (CPI) is an essential economic indicator that measures the changes in the price level of a basket of consumer goods and services purchased by households in the Brandenburg region of Germany. The CPI is calculated by taking into account the price changes of various items, including food, clothing, housing, transportation, and healthcare, among others.
It is a crucial gauge of inflation, as it helps policymakers, businesses, and investors to understand the overall health of the economy and make informed decisions. A steady growth rate in the Brandenburg CPI indicates a stable economy, while a sharp increase or decrease may signify economic instability or fluctuations that could impact consumer behavior, investment decisions, and overall economic growth.
The Hesse Consumer Price Index (CPI) is an economic calendar event that focuses on the changes in consumer prices in the Hesse region of Germany. The CPI measures the average price movement of goods and services purchased by households over time, representing the overall inflation rate.
The Hesse CPI report gives insights into price changes on a regional scale, helping economists, traders, and investors in understanding the local economic conditions. A higher inflation rate is generally perceived as a negative, as it can lead to increased costs for consumers and reduced purchasing power. On the other hand, lower inflation due to decreased consumer demand could indicate a slowing economy.
This economic calendar event can significantly impact German financial markets, given the fact that Hesse holds a strong position in the national economy. The largest city in this region, Frankfurt, serves as a major financial hub and is the seat of the European Central Bank (ECB). Thus, any fluctuations in the Hesse CPI could influence overall economic sentiment and decisions made by the ECB, affecting Eurozone markets and the euro currency.
The Hesse Consumer Price Index (CPI) is an important economic calendar event for Germany, providing information about the province's inflation situation. The CPI is a measure of the changes in prices that consumers pay for a basket of goods and services, which can affect the purchasing power of their money.
As a part of the German economy, the Hesse CPI is an essential indicator for investors, policymakers, and market participants, who closely monitor the inflation trends in the country. A continuous increase in the CPI signifies potential inflation, while a decrease indicates a possible deflationary situation. In both cases, the outcomes could have an impact on the German economy and the European Central Bank (ECB) monetary policy decisions.
Additionally, the Hesse CPI can offer an insight into the general economic conditions in the region. For instance, changes in the CPI can also reveal the relative price movements in different industries, such as energy, housing, and transportation.
The North Rhine Westphalia CPI (Consumer Price Index) is an economic calendar event for Germany that focuses on the changes in the prices of a basket of consumer goods and services in the state of North Rhine-Westphalia. This state is the most populous and economically significant region in Germany, making its CPI an important indicator of overall inflation trends in the country.
The CPI measures the average change in the prices that households pay for various goods and services, including food, clothing, transportation, etc., over a specific period. By tracking these changes, the North Rhine Westphalia CPI provides valuable information about the state of the economy and the purchasing power of consumers in the region.
When the CPI increases, it indicates rising inflation, which may lead to higher interest rates, reduced purchasing power, and a potential decline in the value of investments. On the other hand, a decrease in the CPI suggests lower inflation, which may result in lower interest rates, increased purchasing power, and a possible rise in the value of investments. Investors, policymakers, and market participants closely watch the North Rhine Westphalia CPI data to assess the economic conditions and make informed decisions.
The North Rhine Westphalia Consumer Price Index (CPI) is an important economic calendar event that monitors the changes in the prices of a selected basket of goods and services consumed by households in the North Rhine Westphalia region of Germany. This index serves as a key indicator of inflationary trends within the region and contributes to the overall German CPI.
A higher than expected CPI figure suggests increased inflation, potentially prompting the government and central bank to implement measures to control it, such as increasing interest rates. Conversely, a lower than expected CPI figure may indicate decreased inflation, leading to potential stimulus measures, such as lowering interest rates, to encourage economic growth.
The North Rhine Westphalia CPI can have a significant impact on the German economy, as the region is the most populous and economically significant of the 16 states in Germany. Therefore, investors and analysts closely watch this event to make informed decisions based on the economic outlook of the region, and ultimately, the entire country.
The Saxony Consumer Price Index (CPI) is an important economic calendar event that measures the changes in the price level of a market basket of consumer goods and services in the region of Saxony, Germany. The index plays a vital role in determining the level of inflation and overall economic health of the region.
A rise in the Saxony CPI indicates increased consumer demand, which can be interpreted as a sign of a growing economy. Conversely, a decline in the index may suggest weakened purchasing power and a contracting economy. As one of the largest and most industrialized regions in Germany, trends in Saxony's CPI can potentially influence the nation's overall inflation rate and economic policy decisions.
The Saxony Consumer Price Index (CPI) is an important economic event in Germany that measures the change in the prices of a selected basket of goods and services purchased by households in the region of Saxony. This indicator helps assess the inflation rate and the overall cost of living in Saxony, which is one of the 16 federal states of Germany.
The CPI is calculated by comparing the current prices of goods and services with their prices in a base period. A significant increase or decrease in the Saxony CPI can provide valuable insights into the health of the German economy, as it reflects consumer purchasing power, consumption trends, and overall economic stability.
This economic event is closely monitored by analysts, investors, and policymakers, as it can influence monetary policy decisions by the European Central Bank (ECB) and other relevant authorities. By keeping track of the Saxony CPI, one can gauge the effectiveness of economic policies and anticipate potential adjustments necessary to maintain price stability and sustainable economic growth in Germany.
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.
The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and averaging them; the goods are weighted according to their importance. Changes in CPI are used to assess price changes associated with the cost of living.
Business Confidence measures the current business conditions in Portugal. It helps to analyze the economic situation in the short term. A rising trend indicates an increase in business investment which may lead to higher levels of output. A higher than expected reading should be taken as positive/bullish for the EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.
Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity. A higher than expected reading should be taken as positive/bullish for the EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy''s health. The impact of Portuguese GDP on the EUR is very small.
The Italian unemployment rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month. This data tends to have a muted impact since there are several earlier indicators related to the euro zone labor market.
The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation.
The Business and Consumer Survey is a composite index which measures the level of confidence in the euro zone. The index is compiled from five different indicator surveys which are taken on a monthly basis, including: industrial, services, consumer, retail, and construction. The survey can indicate potential in both consumer and business spending in the euro zone.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
The Business Climate indicator is based on monthly business surveys and is designed to deliver a clear and timely assessment of the cyclical situation within the euro area. A higher than expected number should be taken as positive to the EUR, while a lower than expected number as negative.
Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity. The reading is compiled from a survey of about 2,300 consumers in the euro zone which asks respondents to evaluate future economic prospects. Higher readings point to higher consumer optimism.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
Consumer Inflation Expectation number is a report by Eurostat that tries to forecast inflation forward, by analysing survey's of consumers all over the Eurozone. The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
Indexes that measures the average change in selling prices received by domestic producers of goods and services over time. PPIs measure price change from the perspective of the seller.
Balances: i.e. Differences between the percentages of respondents giving positive and negative replies.The indicator is an average of the responses (seasonally adjusted balances) to the questions on business climate and evolution of demand.
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health. A stronger than expected number should be taken as positive for the EUR and a lower than expected number as negative to the EUR.
Industrial Sentiment is an indicator that measures the mood of consumers or businesses. based on a survey during which respondents rate their opinion on different issues concerning current and future conditions. A higher than expected number should be taken as positive to the EUR, while a lower than expected number as negative.
The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month. The data tends to have a muted impact as there are several earlier indicators related to labor conditions in the euro zone.
A higher than expected reading should be taken as negative/bearish for the EUR, while a lower than expected reading should be taken as positive/bullish for the EUR.
The figures displayed in the calendar represent the average yield on the Buoni del Tesoro Poliannuali or BTP auctioned.
Italian BTP bonds have maturities of five, ten, fifteen and thirty years. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital.
The yield on the BTP represents the return an investor will receive by holding the treasury for its entire duration. All bidders receive the same rate at the highest accepted bid.
Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.
The figures displayed in the calendar represent the average yield on the Buoni del Tesoro Poliannuali or BTP auctioned.
Italian BTP bonds have maturities of three,five, ten, fifteen and thirty years. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital.
The yield on the BTP represents the return an investor will receive by holding the treasury for its entire duration. All bidders receive the same rate at the highest accepted bid.
Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.
The figures displayed in the calendar represent the average yield on the Buoni del Tesoro Poliannuali or BTP auctioned.
Italian BTP bonds have maturities of three,five, ten, fifteen and thirty years. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital.
The yield on the BTP represents the return an investor will receive by holding the treasury for its entire duration. All bidders receive the same rate at the highest accepted bid.
Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.
The consumer price index (CPI) is a measure of change in the general level of prices of goods and services bought by households over a specified period of time. It compares a household's cost for a specific basket of finished goods and services with the cost of the same basket during an earlier benchmark period. The consumer price index is used as a measurement of and is a key economic figure. Likely impact: 1) Interest Rates: Larger-than-expected quarterly increase in price inflation or increasing trend is considered inflationary; this will cause bond prices to drop and yields and interest rates to rise. 2) Stock Prices: Higher than expected price inflation is bearish on the stock market as higher inflation will lead to higher interest rates. 3) Exchange Rates: High inflation has an uncertain effect. It would lead to depreciation as higher prices mean lower competitiveness. Conversely, higher inflation causes higher interest rates and a tighter monetary policy that leads to an appreciation.
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends.
A higher than expected reading should be taken as positive/bullish for the EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.
The Production Price Index (PPI) for all commodities for South African consumption. All indices are based on producer prices at the point of production in the case of commodities produced in South Africa.The Producers Price Index has two types of indexes. First, the output indexes which measure changes in the prices received by producers. Second, the input indexes which measure changes in the cost of production (excluding labour and capital costs). Inputs indexes: The input indexes measure price changes in costs of production excluding labour and depreciation costs. The input indexes cover the prices of: Materials, Fuels and electricity, Transport and communication, Commission and contract services, Rent and lease of land, buildings, vehicles and plant,Business services, Insurance premiums less claims. A higher than expected reading should be taken as positive/bullish for the ZAR , while a lower than expected reading should be taken as negative/bearish for the ZAR.
The Production Price Index (PPI) for all commodities for South African consumption. All indices are based on producer prices at the point of production in the case of commodities produced in South Africa.The Producers Price Index has two types of indexes. First, the output indexes which measure changes in the prices received by producers. Second, the input indexes which measure changes in the cost of production (excluding labour and capital costs). Inputs indexes: The input indexes measure price changes in costs of production excluding labour and depreciation costs. The input indexes cover the prices of: Materials, Fuels and electricity, Transport and communication, Commission and contract services, Rent and lease of land, buildings, vehicles and plant,Business services, Insurance premiums less claims. A higher than expected reading should be taken as positive/bullish for the ZAR , while a lower than expected reading should be taken as negative/bearish for the ZAR.
The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
The Business Confidence measures the current business conditions in Spain.
It helps the analysis of the economic situation in the short term. A rising trend indicates increase in business investment which may lead to higher levels of output.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
The EU Harmonised Index of Consumer Prices is calculated in each Member State ofthe European Union. The purpose of this index is to allow the comparison of consumer price trends in the different Member States. The following items, constituting approximately 8% of the Irish CPI expenditure weighting, are still excluded from the HICP: mortgage interest, dwelling insurance (non-service), building materials, hospital charges, union subscriptions, motor cycle tax, house insurance content (non-service), motor car tax and motor car insurance (non-service).
The EU Harmonised Index of Consumer Prices is calculated in each Member State ofthe European Union. The purpose of this index is to allow the comparison of consumer price trends in the different Member States. The following items, constituting approximately 8% of the Irish CPI expenditure weighting, are still excluded from the HICP: mortgage interest, dwelling insurance (non-service), building materials, hospital charges, union subscriptions, motor cycle tax, house insurance content (non-service), motor car tax and motor car insurance (non-service).
Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.
Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.
The number of MPC members who voted for a cut in the previous rate decision meeting. A higher than expected number of member who voted for a cut may signal a possible rate cut next meeting and therefore be bearish for the GBP
The number of MPC members who voted for a rate hike at the previous rate decision meeting. A higher than expected number of member who voted for a hike may signal a possible rate hike next meeting and therefore be bullish for the GBP
The number of MPC members who voted for unchange in the previous rate decision meeting.
Bank of England (BOE) monetary policy committee members vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.
A higher than expected rate is positive/bullish for the GBP, while a lower than expected rate is negative/bearish for the GBP.
The Monetary Policy Meeting Minutes are a detailed record of the Bank of England's policy setting meeting, containing in-depth insights into the economic conditions that influenced the decision on where to set interest rates. The breakdown of the MPC members' interest rate votes tends to be the most important part of the minutes.
An index that measures and tracks the changes in price of goods in the stages before the retail level. Wholesale price indexes (WPIs) report monthly to show the average price changes of goods sold in bulk, and they are a group of the indicators that follow growth in the economy. Although some countries still use the WPIs as a measure of inflation, many countries, including the United States, use the producer price index (PPI) instead.
The summary of the Monetary Policy Meeting is a detailed record of the Turkish central bank's (CBRT) policy setting meeting, containing in-depth insights into the economic conditions that influenced the decision on where to set interest rates. The breakdown of the MPC members' interest rate votes tends to be the most important part of the minutes.
Bank Lending measures the change in the total value of outstanding bank loans issued to consumers and businesses. Borrowing and spending are closely correlated with consumer confidence. A higher than expected reading should be taken as positive/bullish for the BRL , while a lower than expected reading should be taken as negative/bearish for the BRL.
FX Reserves measures the foreign assets held or controlled by the country's central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.
FX Reserves measures the foreign assets held or controlled by the country's central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.
A higher than expected reading should be taken as positive/bullish for the MXN, while a lower than expected reading should be taken as negative/bearish for the MXN.
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.
A higher than expected reading should be taken as positive/bullish for the MXN, while a lower than expected reading should be taken as negative/bearish for the MXN.
The German Consumer Price Index (CPI) measures the changes in the price of goods and services purchased by consumers.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
The German Consumer Price Index (CPI) measures the changes in the price of goods and services purchased by consumers.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
Harmonised Index of Consumer Prices (HICP) in an index of consumer prices calculated and published by Eurostat, the Statistical Office of the European Union (EU), on the basis of a statistical methodology that has been harmonised across all EU Member States. HICP is a measure of prices used by the Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms.The HICP are designed expressly for international comparisons of consumer price inflation across EU Member States. these harmonized inflation figures will be used to inform decisions on which Member States meet price stability convergence criterion for EMU. However, they are not intended to replace existing national Consumer Price Indices (CPIs). The coverage of the indices is based on the EU classification COICOP (classification of individual consumption by purpose).
Harmonised Index of Consumer Prices (HICP) in an index of consumer prices calculated and published by Eurostat, the Statistical Office of the European Union (EU), on the basis of a statistical methodology that has been harmonised across all EU Member States. HICP is a measure of prices used by the Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms.The HICP are designed expressly for international comparisons of consumer price inflation across EU Member States. these harmonized inflation figures will be used to inform decisions on which Member States meet price stability convergence criterion for EMU. However, they are not intended to replace existing national Consumer Price Indices (CPIs). The coverage of the indices is based on the EU classification COICOP (classification of individual consumption by purpose).
The National Monetary Council (CMN) meets once a month and is responsible for issuing guidelines for the National Financial System. CMN sets Brazilian inflation targets and formulates monetary and credit policies aiming at preservation of Brazilian monetary stability, among others.
The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment.
A higher than expected reading should be taken as negative/bearish for the BRL, while a lower than expected reading should be taken as positive/bullish for the BRL.
The Bank Rate is an economic calendar event in Malawi that showcases the interest rate set by the Reserve Bank of Malawi (RBM). This is the rate at which the central bank lends money to commercial banks in the country. Policy decisions regarding the bank rate are used as a tool by the RBM to either stimulate economic growth or control inflation.
Changes in the bank rate can impact the economy in several ways, including influencing borrowing and lending rates offered by commercial banks, as well as encouraging or discouraging consumer spending and business investment. An increase in the bank rate generally leads to higher borrowing costs, which may slow economic activity, while a decrease in the rate has the potential to stimulate growth by making credit more affordable.
Investors and market participants closely monitor the bank rate announcements, as they can influence the value of the Malawian kwacha and other financial market instruments. Consequently, it is a vital indicator of monetary policy direction and the overall health of the Malawian economy.
Continuing Jobless Claims measures the number of unemployed individuals who qualify for benefits under unemployment insurance.
A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.
The Core Personal Consumption Expenditure (PCE) Price Index measures the changes in the price of goods and services purchased by consumers for the purpose of consumption, excluding food and energy. Prices are weighted according to total expenditure per item. It measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
The Core PCE price Index is the less volatile measure of the PCE price index which excludes the more volatile and seasonal food and energy prices. The impact on the currency may go both ways, a rise in inflation may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in inflation may lead to a deepened recession and therefore a fall in local currency.
The Core Personal Consumption Expenditure (PCE) Prices release measures the changes in the price of goods and services purchased by consumers for the purpose of consumption, excluding food and energy. Prices are weighted according to total expenditure per item. It measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.
Actual > Forecast = Good for currency Frequency: Released monthly. There are 3 versions of GDP released a month apart - Advance, second release and Final. Both the advance the second release are tagged as preliminary in the economic calendar.
The GDP Price Index measures the annualized change in the price of all goods and services included in gross domestic product.It is the broadest inflationary indicator.
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
GDP Sales, also known as the Gross Domestic Product (GDP) value of sales, is a key economic indicator that reflects the total value of goods and services produced and sold by a country over a specific period of time. This economic calendar event not only measures the overall health of an economy, but it also provides valuable insights into consumer spending habits, business investments, and government expenditures.
A higher than expected GDP Sales figure is generally seen as a positive sign for the economy, indicating that it is growing and prospering. On the other hand, a lower than expected figure can suggest a contraction in the economy, which may lead to concerns about a potential recession. As a result, investors and policymakers closely monitor GDP Sales data to assess the overall economic outlook and make informed decisions on monetary policy and investment strategies.
Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.
A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.
Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week.
As the week to week numbers might be very volatile, the four week moving average smooths the weekly data and used for the initial jobless claims metric A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.
The PCE price index, also referred to as the PCE deflator, is a United States-wide indicator of the average increase in prices for all domestic personal consumption. The impact on the currency may go both ways, a rise in inflation may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in inflation may lead to a deepened recession and therefore a fall in local currency.
The PCE price index, also referred to as the PCE deflator, is a United States-wide indicator of the average increase in prices for all domestic personal consumption. The impact on the currency may go both ways: a rise in CPI may lead to a rise in interest rates and a rise in local currency; on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
The Personal Consumption Expenditure (PCE) Prices release measures the changes in the price of goods and services purchased by consumers for the purpose of consumption. Prices are weighted according to total expenditure per item. It measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
Personal Income measures the change in the total value of income received from all sources by consumers. Income is closely correlated with consumer spending, which accounts for a majority of overall economic activity.
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
Personal Spending measures the change in the inflation-adjusted value of all spending by consumers. Consumer spending accounts for a majority of overall economic activity. However, this report tends to have a mild impact, as government data on retail sales is released about two weeks earlier.
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
Real Consumer Spending measures the inflation adjusted amount of money spent by households in the US economy.
The spending includes durables, such as washing machines, and non durables, such as food. It is also known as consumption, and is measured monthly.
John Maynard Keynes, the famous British economist, considered consumer spending to be the most important determinant of short-term demand in an economy.
A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.
Personal consumption adjusted for inflation, Personal consumption is divided into two key categories: goods and services. The category of "goods" is further broken down into "durable" goods, which are big-ticket items (refrigerators, television sets, cars, mobile phones, etc.) that will last more than three years, and "non-durable" goods that are more transitory (e.g., cosmetics, fuel, clothing, etc.). A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative.
The Average Weekly Earnings report is a significant economic indicator for Canada. It measures the average income, including overtime, of employees in the country on a weekly basis. The earnings information is presented by sector, allowing for detailed evaluations of trends in different areas of the economy.
Higher earnings potentially signal positive growth in the economy, suggesting that businesses are doing well and can afford to pay higher wages. Meanwhile, a decrease may signal an economic slowdown. It is heavily used by analysts and policy makers for planning and forecasting. However, it should be noted that this indicator does not account for inflation and changes in the number of hours worked.
Monetary aggregates, known also as "money supply", is the quantity of currency available within the economy to purchase goods and services. Depending on the degree of liquidity chosen to define an asset as money, various monetary aggregates are distinguished: M0, M1, M2, M3, M4, etc. Not all of them are used by every country. Note that methodology of calculating money supply varies between countries. M2 is a monetary aggregate that includes all physical currency circulating in the economy (banknotes and coins), operational deposits in central bank, money in current accounts, saving accounts, money market deposits and small certificates of deposit. Excess money supply growth potentially can cause inflation and generate fears that the government may tighten money growth by allowing the interest rates to rise which in turn, lowers future prics.
Bank Lending is a key economic event that reflects the changes in total loans extended by banks in Kuwait within a specified period. This event is significant because it provides insights into the health of the banking sector and the overall economic environment in the country.
When bank lending is on the rise, it implies that businesses and consumers are borrowing money, which in turn stimulates economic growth. On the other hand, a declining trend in bank lending may indicate a downturn in the economy, signaling lower consumer confidence and reduced willingness to invest in new ventures.
Market participants closely follow this event to understand the shifts in the credit market and act accordingly in terms of investment and trading strategies. Furthermore, it guides policymakers in making decisions that impact interest rates and other monetary policies to maintain financial stability.
Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans. A higher than expected number should be taken as positive to the RUB, while a lower than expected number as negative
Bank of England (BOE) Governor Andrew Bailey (Mar 2020 - Mar 2028) is to speak. As head of the BOE's Monetary Policy Committee (MPC) which controls short term interest rates, Bailey has more influence over sterling's value than any other person. Traders scrutinize his public engagements for clues regarding future monetary policy. His comments may spark a short-term positive or negative trend.
The Atlanta Fed GDPNow is an economic event that provides a real-time estimate of the United States' gross domestic product (GDP) growth for the current quarter. It serves as a valuable indicator for analysts, policymakers, and economists looking to gauge the health of the American economy.
Created and maintained by the Federal Reserve Bank of Atlanta, the GDPNow model utilizes a sophisticated algorithm that processes incoming data from official government sources. These sources include reports on manufacturing, trade, retail sales, housing, and other sectors, which allows the Atlanta Fed to update their GDP growth projections on a frequent basis.
As an essential benchmark for economic performance, the GDPNow forecast can significantly impact financial markets and influence investment decisions. Market participants often use the GDPNow forecast to adjust their expectations regarding monetary policies and various economic outcomes.
In any given month, the rate of inflation in a price index like the Consumer Price Index or Personal Consumption Expenditures (PCE) can be thought of as a weighted average, or mean, of the rates of change in the prices of all the goods and services that make up the index. Calculating the trimmed-mean PCE inflation rate for a given month involves looking at the price changes for each of the individual components of personal consumption expenditures. The individual price changes are sorted in ascending order from fell the most to rose the most, and a certain fraction of the most extreme observations at both ends of the spectrum are like a skaters best and worst marks thrown out, or trimmed. The inflation rate is then calculated as a weighted average of the remaining components. For the series presented here, 19.4 percent of the weight from the lower tail and 25.4 percent of the weight in the upper tail are trimmed. Those proportions have been chosen, based on historical data, to give the best fit between the trimmed-mean inflation rate and proxies for the true core PCE inflation rate. The resulting inflation measure has been shown to outperform the more conventional excluding food and energy measure as a gauge of core inflation.
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.
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 Energy Information Administration (EIA) Natural Gas Storage report measures the change in the number of cubic feet of natural gas held in underground storage during the past week.
While this is a U.S. indicator it tends to have a greater impact on the Canadian dollar, due to Canada's sizable energy sector.
If the increase in natural gas inventories is more than expected, it implies weaker demand and is bearish for natural gas prices. The same can be said if a decline in inventories is less than expected.
If the increase in natural gas is less than expected, it implies greater demand and is bullish for natural gas prices. The same can be said if a decline in inventories is more than expected.
The figures displayed in the calendar represent the rate on the Treasury Bill auctioned.
U.S. Treasury Bills have maturities of a few days to one year. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital. The rate on a Treasury Bill represents the return an investor will receive by holding the bill for its entire duration. All bidders receive the same rate at the highest accepted bid.
Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.
The figures displayed in the calendar represent the rate on the Treasury Bill auctioned.U.S. Treasury Bills have maturities of a few days to one year. Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital. The rate on a Treasury Bill represents the return an investor will receive by holding the bill for its entire duration. All bidders receive the same rate at the highest accepted bid. Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security.
The Interest Rate Decision is a major economic calendar event in Ukraine and refers to the announcement made by the National Bank of Ukraine (NBU) regarding their key policy interest rate. This rate, also known as the discount rate or refinancing rate, significantly influences overall monetary policy and plays a crucial role in steering short-term interest rates throughout the economy.
The NBU's Monetary Policy Committee usually convenes eight times a year to review existing economic conditions, assess inflation trends, and decide whether a change in the key policy rate is necessary. An increase in the interest rate is typically implemented in response to rising inflation concerns, while a decrease may signify an attempt at stimulating economic growth by making borrowing more affordable for businesses and consumers.
Markets and investors pay close attention to the Interest Rate Decision, as it is a key indicator of Ukraine's monetary policy stance. Changes in interest rates can consequently lead to fluctuations in the financial markets and directly affect the foreign exchange rate of the Ukrainian hryvnia. The interest rate announcement often comes with a press release and sometimes a press conference, providing further insights into the NBU's current policy approach and its future expectations.
Government deficit or surplus is the net of operating surplus and public debt charges.The budget of a government is a summary or plan of the intended revenues and expenditures of that government. Surplus in general refers to an excess of income over expenditure. Deficit refers to the negative of the budget surplus, thus the excess of expenditure over income. A higher than expected reading should be taken as positive/bullish for the CAD , while a lower than expected reading should be taken as negative/bearish for the CAD.
Employment is the total number of persons above a specified age, who in a short reference period (e.g. a week or a day), were in paid employment or self-employment. Paid employment includes persons who worked in the reference period or who had a job but were temporarily absent from work. Self-employment includes persons who either worked in the reference period or were temporarily absent from work. Series data show evolution of formal employment in Brazil. It is measured by the movements declared in CAGED - Cadastro Geral de Empregados e Desempregados (General Register of Employment and Unemployment) of the Ministry of Labour. There are separate series for thousands of admitted and dismissed employees per month (registered in CAGED), as well as for net, i.e. admitted less dismissed. Totals of admitted, dismissed and net are also broken down to eight main sectors of economic activity according to the IBGE.
SHCP = Secretaria de Hacienday Credito Publico. Public sector includes : Federal Government and organizations and companies under the direct budgetary control and indirect budgetary control.
The Fed balance sheet is a statement listing the assets and liabilities of the Federal Reserve System. Details of the Fed's balance sheet are disclosed by the Fed in a weekly report called "Factors Affecting Reserve Balances."
Reserve Balances with Federal Reserve Banks is the amount of money that depository institutions maintain in their accounts at their regional Federal Reserve Banks.
Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.
A higher than expected reading should be taken as positive/bullish for the KRW, while a lower than expected reading should be taken as negative/bearish for the KRW.
Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.
A higher than expected reading should be taken as positive/bullish for the KRW, while a lower than expected reading should be taken as negative/bearish for the KRW.
Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.
A higher than expected reading should be taken as positive/bullish for the KRW, while a lower than expected reading should be taken as negative/bearish for the KRW.
The Service Sector Output shows the volume of production of South Korean service industries. A higher output is considered inflationary, which may indicate a possible interest rates hike.
A reading that is stronger than forecast is generally supportive (bullish) for the KRW, while a weaker than forecast reading is generally negative (bearish) for the KRW.
Consumer price index only in Tokyo excluding fresh food and energy prices. The Consumer Price Index (CPI) issued by the Ministry of Internal Affairs and Communications is divided into two categories: Nationwide and Tokyo. The Tokyo figures are usually released before the national ones. A higher than expected result would be positive news for the yen, whilst a lower than expected result would be negative news for the yen.
The jobs/applications ratio measures the ratio between job applications and actual jobs. This is an indicator of the health of employment in the economy. A higher than expected number should be taken as positive to the JPY, while a lower than expected number as negative.
The Tokyo Core Consumer Price Index (CPI) measures the change in the price of goods and services purchased by consumers in Tokyo, excluding fresh food.
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.
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer at the metropolitan area of Tokyo. It is a key way to measure changes in purchasing trends.
The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency.
Consumer price index only in Tokyo excluding fresh food and energy prices. The Consumer Price Index (CPI) issued by the Ministry of Internal Affairs and Communications is divided into two categories: Nationwide and Tokyo. The Tokyo figures are usually released before the national ones. A higher than expected result would be positive news for the yen, whilst a lower than expected result would be negative news for the yen.
The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month. The data tends to have a muted impact relative to employment data from other countries because the Japanese economy is more reliant on the industrial sector than personal spending.
A higher than expected reading should be taken as negative/bearish for the JPY, while a lower than expected reading should be taken as positive/bullish for the JPY.
Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.
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.
Industrial Production Index is an economic indicator that measures changes in output for the manufacturing, mining, and utilities. Although these sectors contribute only a small portion of GDP, they are highly sensitive to interest rates and consumer demand. This makes Industrial Production an important tool for forecasting future GDP and economic performance. A higher than expected number should be taken as positive to the JPY, while a lower than expected number as negative.
Industrial Production Index is an economic indicator that measures changes in output for the manufacturing, mining, and utilities. Although these sectors contribute only a small portion of GDP, they are highly sensitive to interest rates and consumer demand. This makes Industrial Production an important tool for forecasting future GDP and economic performance. A higher than expected number should be taken as positive to the JPY, while a lower than expected number as negative.
Large Retailers' Sales measures the total value of goods sold in large department stores, chain convenience stores and supermarkets. It is a leading indicator of consumer confidence.
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.
In Japan, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.
Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.
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.
