| Feb 09 - 00:01 |
 GB |
BRC Retail Sales Monitor (Total)A monthly indicator of price changes at the most popular retail outlets in the United Kingdom. The index takes into account five hundred of the most commonly purchased goods and gives insight into consumer-price inflation. Shop Prices differentiate themselves from British CPI by coming out days before the headline inflation figure. Increases in the BRC Shop Price Index are bullish for the Pound, given that the Bank of England usually raises interest rates to control inflation reflected in the BRC. Conversely, a falling BRC Shop Price Index suggests falling price pressures.
BRC appear in the headlines as the monthly percentage change for the BRC Shop Price Index. |
Jan |
% y/y |
 |
|
|
6 |
|
| Feb 09 - 00:01 |
GB |
RICS Housing SurveyGauge for costs of homes in the United Kingdom. The figure is based on surveyors' opinions on the state of the market, calculated as is the percent of surveyors reporting a rise in prices minus those reporting a fall. A rise in house prices indicates a strong housing market, which generally reflects a strong overall economy. |
Jan |
% |
|
32 |
27 |
30 |
|
| Feb 09 - 00:30 |
 AU |
NAB Business ConfidenceLevel of a diffusion index based on surveyed businesses, excluding the farming industry. It's a survey of about 350 businesses which asks respondents to rate the relative level of current business conditions. Above 0 indicates improving conditions, below indicates worsening conditions. There's a quarterly and monthly version of this survey - although the monthly survey is more timely, the quarterly version tends to have more impact due to a larger sample size and additional questions regarding expectations. |
Jan |
index |
|
|
|
8 |
|
| Feb 09 - 00:30 |
AU |
NAB Business Confidence Level of a diffusion index based on surveyed businesses, excluding the farming industry. It's a survey of about 350 businesses which asks respondents to rate the relative level of current business conditions. Above 0 indicates improving conditions, below indicates worsening conditions. There's a quarterly and monthly version of this survey - although the monthly survey is more timely, the quarterly version tends to have more impact due to a larger sample size and additional questions regarding expectations. |
Jan |
index |
|
|
|
|
|
| Feb 09 - 07:00 |
 DE |
Current Account (nsa)The German Current Account acts as a gauge for how Germany's economy interacts with the rest of the world. Current account is one of the three components (Financial Account, Capital Account and Current Account) that make up a country's Balance of Payments, the detailed accounting of all international interactions. Where the other side of the Balance of Payments, Capital and Financial Accounts, deals mainly with financial assets and investments, the Current Account gives a detailed breakdown of how the country intermingles with rest of the global economy on a routine, non-investment basis.
The Current Account tracks the trade balance (exports and imports for goods and services), income payments (such as interest, dividends and salaries) and unilateral transfers (aid, taxes, and one-way gifts). A positive value (current account surplus) records that the flow of capital from these components into Germany exceeds the capital leaving the country. A negative value (current account deficit) means that there is a net capital outflow from these sources. Since the German economy is by far the largest in the EU, German Current Account has significant weight on the Euro. Persistent Current Account surpluses may lead to a natural appreciation of a currency, as trade, income and transfer payments usually reflect Euros coming into the country (just as underlying deficit act as depreciating weight).
There are a number of factors that often work to diminish the impact of the Current Account release on the market. The report is not very timely, released monthly about two weeks after the reporting period. In addition, many of the components that lead to the final Current Account, such as production and trade figures, are known well in advance. Lastly, since the report reflect data for a specific reporting month, any significant developments in the Current Account should plausibly have been already felt during that month and not during the release of data. But due to the significance of German Current Account in tracking foreign exchange developments, the report has a history of moving markets upon release.
The headline number is the Current Account balance and the percentage change in the Current Account from the previous month. |
Dec |
EURbn |
|
20.6 |
19.1 |
17.8 |
|
| Feb 09 - 07:00 |
DE |
Trade BalanceThe difference between the value of exports and imports in Germany. Trade Balance is one of the biggest components of Germany 's Balance of Payment. As Germany is Europe's largest economy and given Germany's export oriented economy, trade data can give critical insight into pressures on the value of the Euro.
In order to gauge the effect of German Trade Balance on the Euro, German trade is separated into intra-Euro-zone trades and extra-Euro-zone trades. Intra-trades between Germany and Euro-zone member countries have no affect on the overall valuation of Euro. Extra-trades between Germany and other countries outside of Euro-zone do impact the overall Euro-zone trade balance. Given Germany's large share of Euro-zone exports, the figure tends to move the market upon release.
Trade surpluses reflect funds coming into Germany in exchange for goods and services. Such currency inflows may lead to a natural appreciation of a Euro, unless countered by similar capital outflows. At a bare minimum, surpluses will boost up the value of the currency. |
Dec |
EURbn |
|
|
15 |
17.4 |
|
| Feb 09 - 07:00 |
DE |
CPI (F)Assesses changes in the cost of living by measuring changes in the prices of consumer items. The CPI is the headline inflation figure that indicates the strength of domestic inflationary pressures. Simply put, inflation reflects a decline in the purchasing power of the Euro in Germany , where each Euro buys fewer goods and services. CPI is the most popular way to measure changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical German household might purchase. An increase in the index indicates that it takes more Euros to purchase this same set of basic consumer items.
The German CPI is significant as one of the primary gauges of inflation. As the largest Euro-zone economy, inflation in Germany will contribute significantly to inflation in the Euro-zone and the behavior of the European Central Bank. High or rising inflation acts as a signal to the ECB to raise interest rates, an action which will result in the strengthening of the Euro. The headline figure for CPI is the percentage change in monthly and annualized percentage term. |
Jan |
% m/m |
 |
|
-0.6 |
-0.6 |
|
| Feb 09 - 07:00 |
DE |
CPI (F)Assesses changes in the cost of living by measuring changes in the prices of consumer items. The CPI is the headline inflation figure that indicates the strength of domestic inflationary pressures. Simply put, inflation reflects a decline in the purchasing power of the Euro in Germany , where each Euro buys fewer goods and services. CPI is the most popular way to measure changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical German household might purchase. An increase in the index indicates that it takes more Euros to purchase this same set of basic consumer items.
The German CPI is significant as one of the primary gauges of inflation. As the largest Euro-zone economy, inflation in Germany will contribute significantly to inflation in the Euro-zone and the behavior of the European Central Bank. High or rising inflation acts as a signal to the ECB to raise interest rates, an action which will result in the strengthening of the Euro. The headline figure for CPI is the percentage change in monthly and annualized percentage term. |
Jan |
% y/y |
|
|
0.8 |
0.8 |
|
| Feb 09 - 07:00 |
DE |
HICP (F)Assesses changes in the cost of living by measuring changes in the prices of consumer items. The CPI is the headline inflation figure that indicates the strength of domestic inflationary pressures. Simply put, inflation reflects a decline in the purchasing power of the Euro in Germany , where each Euro buys fewer goods and services. CPI is the most popular way to measure changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical German household might purchase. An increase in the index indicates that it takes more Euros to purchase this same set of basic consumer items.
The German CPI is significant as one of the primary gauges of inflation. As the largest Euro-zone economy, inflation in Germany will contribute significantly to inflation in the Euro-zone and the behavior of the European Central Bank. High or rising inflation acts as a signal to the ECB to raise interest rates, an action which will result in the strengthening of the Euro. The headline figure for CPI is the percentage change in monthly and annualized percentage term.
The Harmonized Index of Consumer Prices (HICP) provides a common measurement of inflation that facilitates carrying out international comparisons. It is obtained as a result of homogenising the most significant methodological aspects of each one of the Consumer Price Indices from each one of the member states of the European Union (EU) to make them comparable.
The HICP of each country covers the divisions that exceed one per thousand of the total expense of the national shopping basket. |
Jan |
% m/m |
|
|
-0.7 |
-0.7 |
|
| Feb 09 - 07:00 |
DE |
HICP (F)Assesses changes in the cost of living by measuring changes in the prices of consumer items. The CPI is the headline inflation figure that indicates the strength of domestic inflationary pressures. Simply put, inflation reflects a decline in the purchasing power of the Euro in Germany , where each Euro buys fewer goods and services. CPI is the most popular way to measure changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical German household might purchase. An increase in the index indicates that it takes more Euros to purchase this same set of basic consumer items.
The German CPI is significant as one of the primary gauges of inflation. As the largest Euro-zone economy, inflation in Germany will contribute significantly to inflation in the Euro-zone and the behavior of the European Central Bank. High or rising inflation acts as a signal to the ECB to raise interest rates, an action which will result in the strengthening of the Euro. The headline figure for CPI is the percentage change in monthly and annualized percentage term.
The Harmonized Index of Consumer Prices (HICP) provides a common measurement of inflation that facilitates carrying out international comparisons. It is obtained as a result of homogenising the most significant methodological aspects of each one of the Consumer Price Indices from each one of the member states of the European Union (EU) to make them comparable.
The HICP of each country covers the divisions that exceed one per thousand of the total expense of the national shopping basket. |
Jan |
% y/y |
|
|
0.7 |
0.7 |
|
| Feb 09 - 09:30 |
GB |
Trade Balance, Non-EUA gauge of Britain's trade with countries outside of Europe. The headline figure, expressed in billions of Pounds, is the value of exports to Non European Union countries minus the value of imports from those countries. A positive value represents a trade surplus while a negative value amounts to a trade deficit. The value of Great Britain's non-EU trade is about 30% less than that of its intra-EU trade, and the distinction between EU and non-EU figures can help investors anticipate which currency pairs will be most affected by changes in the UK trade balance. |
Dec |
GBP bn |
 |
-3.553 |
-3.1 |
-3.125 |
|
| Feb 09 - 09:30 |
GB |
Visible Trade Balance, WorldThe difference between imports and exports of goods. Visible Trade differentiates itself from Trade Balance because it does not record intangibles like services, only reporting on physical goods. Because Britain's economy is highly trade driven, Visible Trade data can give critical insight into developments in the economy and into foreign exchange rates.
Negative Visible Trade (deficit) indicates that imports of goods are greater than exports. When exports are greater than imports, the UK experiences a trade surplus. Trade surpluses indicate that funds are coming into the UK in exchange for exported goods. Because such exported goods are usually purchased with Pounds, trade surpluses usually reflect currency flowing into Britain, such currency inflows may lead to a natural appreciation of Pound Sterling, unless countered by similar capital outflows. At a bare minimum, surpluses will buoy the value of the currency.
There are a number of factors that work to diminish the market impact of UK Visible Trade on markets. The report is not very timely, released monthly about forty days after the reporting period. Developments in many of the components that comprise the figure are also usually well anticipated. Lastly, since the report reflect data for a specific reporting month, any significant changes in Visible Trade should plausibly have been already felt during that quarter and not during the release of data. But because of the overall significance of Trade on Foreign Exchange Rates, the figure has a history of being one of the more important reports out of the UK.
The headline figure is expressed as the value of the merchandise trade surplus or deficit in billions of Pounds. |
Dec |
GBP bn |
|
-7.278 |
-6.7 |
-6.798 |
|
| Feb 09 - 12:30 |
 EU |
European Parliament votes on 5-year term of EC President Barroso |
|
|
|
|
|
|
|
| Feb 09 - 15:00 |
 US |
IBD consumer optimismLevel of a diffusion index based on surveyed consumers; above 50.0 indicates optimism, below indicates pessimism. This is a survey of about 900 consumers which asks respondents to rate the relative level if economic conditions including six-month economic outlook, personal financial outlook, and confidence in federal economic policies |
Feb |
index |
|
46.8 |
|
48.8 |
|
| Feb 09 - 15:00 |
US |
Wholesale InventoriesThe stock of unsold goods held by wholesalers. Wholesalers act as intermediaries between manufacturers or importers, and retailers. Wholesalers sell directly to retailers, who strive to act in accordance (ideally) with consumer demand. Consequently, high Wholesale Inventories indicate that unsold goods are piling up, suggesting that retailers are facing lagging consumer demand and unwilling to purchase goods. Conversely, declining Wholesale Inventories suggest retailers are buying more goods to meet strong or rising demand. Because Wholesale Inventories reflect the demand retailers have for their manufacturers' wares, the report offers an early indication of the potential strength of consumer spending.
Wholesale Inventories are reported in headlines as a percent change from the previous month. |
Dec |
% m/m |
|
|
0.5 |
1.5 |
|
| Feb 09 - 21:45 |
 NZ |
Electronic Card Transactions |
Jan |
% m/m (sa) |
|
|
|
0.7 |
|
| Feb 09 - 22:15 |
EU |
ECB President Trichet and ECB Executive board member Bini-Smaghi participate in high-level seminar of Central Banks in Eurozone and East Pacific |
|
|
|
|
|
|
|
| Feb 09 - 23:15 |
NZ |
FinMin English meets with Finance Select Committee to discuss budget policy statement |
|
|
|
|
|
|
|
| Feb 09 - 23:30 |
AU |
Westpac Consumer ConfidenceOfficially called the Consumer Sentiment Index, this figure measures the level of consumer confidence and is an average of five indexes measuring different aspects of consumer fiscal health. This is one of the few indicators that are entirely expectation based. Households report their views on current buying conditions for household items and where they feel are the "wisest" places to invest savings. Views on future political policy (taxes, politicians, government) and economic conditions (wages, inflation, unemployment) are also surveyed.
Confidence figures are often leading indicators for the consumer spending and the economy as a whole. The headline figure is percentage change in the index value from that of the previous month. |
Feb |
level |
|
|
|
120.1 |
|
| Feb 09 - 23:30 |
AU |
Westpac Consumer ConfidenceOfficially called the Consumer Sentiment Index, this figure measures the level of consumer confidence and is an average of five indexes measuring different aspects of consumer fiscal health. This is one of the few indicators that are entirely expectation based. Households report their views on current buying conditions for household items and where they feel are the "wisest" places to invest savings. Views on future political policy (taxes, politicians, government) and economic conditions (wages, inflation, unemployment) are also surveyed.
Confidence figures are often leading indicators for the consumer spending and the economy as a whole. The headline figure is percentage change in the index value from that of the previous month. |
Feb |
level |
|
|
|
|
|
| Feb 09 - 23:50 |
 JP |
CGPI |
Jan |
% y/y |
|
|
-2.3 |
-3.9 |
|
| Feb 09 - 23:50 |
JP |
Key Machinery OrdersThe total value of machinery orders placed at major manufacturers in Japan . Machine Orders is considered the best leading indicator of business capital spending, and increases are indicative of stronger business confidence and a better forward outlook. Higher capital spending is also positive for the Japanese employment situation, as companies will generally require new employees to run new machinery. The headline figure is the seasonally-adjusted month-on-month and annualized percentage change. |
Dec |
% m/m |
|
|
8 |
-11.3 |
|
| Feb 09 - 23:50 |
JP |
Key Machinery OrdersThe total value of machinery orders placed at major manufacturers in Japan . Machine Orders is considered the best leading indicator of business capital spending, and increases are indicative of stronger business confidence and a better forward outlook. Higher capital spending is also positive for the Japanese employment situation, as companies will generally require new employees to run new machinery. The headline figure is the seasonally-adjusted month-on-month and annualized percentage change. |
Dec |
% y/y |
|
|
-10.8 |
-20.5 |
|
| Feb 10 - 00:00 |
 WLD |
OPEC release monthly oil market report |
|
|
|
|
|
|
|
| Feb 10 - 00:00 |
EU |
EU Parliament Plenary session (8th-11th) |
|
|
|
|
|
|
|
| Feb 10 - 00:00 |
US |
Fed Chairman Bernanke testimony to the House Financial services Committee postponed due to weather |
|
|
|
|
|
|
|
| Feb 10 - 00:30 |
AU |
Housing FinanceThe value of loans provided to individuals and corporations. An increase in Investment Lending forecasts growth in the economy since greater capital investments typically finance expansions of output and productivity and usually occur in periods of high consumer and business confidence. During these periods borrowers are willing to make investments because they hold reasonable expectations that their investments will pay off in the future. By making these investments, borrowers both increase private expenditure and enhance the future productive capacity of the economy. Though, this figure typically does not have significant impact upon markets.
The figure is reported as a seasonally adjusted percentage change from the previous month. |
Dec |
% m/m |
|
|
-5 |
-5.6 |
|
| Feb 10 - 07:45 |
 FR |
Industrial ProductionMeasures the level of production of French industries. French Industrial Production tracks relative changes in the production of goods, excluding energy and food, whether they are sold domestically or abroad. The headline figure is the percentage change in the index from the previous quarter or year.
Industrial Production is highly sensitive to the business cycle, and so can forecast changes in employment, earnings, and personal income. Consequently, Industrial Production is considered a reliable leading indicator of the overall health of the French economy.
Relevance : Rarely affects markets |
Dec |
% m/m |
|
|
0.5 |
1.1 |
|
| Feb 10 - 07:45 |
FR |
Industrial ProductionMeasures the level of production of French industries. French Industrial Production tracks relative changes in the production of goods, excluding energy and food, whether they are sold domestically or abroad. The headline figure is the percentage change in the index from the previous quarter or year.
Industrial Production is highly sensitive to the business cycle, and so can forecast changes in employment, earnings, and personal income. Consequently, Industrial Production is considered a reliable leading indicator of the overall health of the French economy.
Relevance : Rarely affects markets |
Dec |
% y/y |
|
|
-1.6 |
-3.8 |
|
| Feb 10 - 07:45 |
FR |
Manufacturing Production |
Dec |
% m/m |
|
|
0.2 |
1.6 |
|
| Feb 10 - 07:45 |
FR |
Manufacturing Production |
Dec |
% y/y |
|
|
-0.8 |
-2.9 |
|
| Feb 10 - 08:00 |
EU |
European Parliament debate resolutions on bids of Turkey, Croatia and Macedonia for EU membership |
|
|
|
|
|
|
|
| Feb 10 - 08:30 |
 SE |
Activity Index |
Dec |
index |
|
|
|
100.5 |
|
| Feb 10 - 08:30 |
SE |
Industrial Orders |
Dec |
%m/m |
|
|
|
2.1 |
|
| Feb 10 - 08:30 |
SE |
Industrial Orders |
Dec |
%y/y |
|
|
|
1.5 |
|
| Feb 10 - 08:30 |
SE |
Industrial Production |
Dec |
%m/m |
|
|
|
0.2 |
|
| Feb 10 - 08:30 |
SE |
Industrial Production |
Dec |
%y/y |
|
|
|
-12.6 |
|
| Feb 10 - 08:30 |
 DK |
CPI |
Jan |
% m/m |
|
|
-0.3 |
-0.2 |
|
| Feb 10 - 08:30 |
DK |
CPI |
Jan |
%y/y |
|
|
1.5 |
1.4 |
|
| Feb 10 - 08:30 |
DK |
HICP |
Jan |
% m/m |
|
|
|
-0.2 |
|
| Feb 10 - 08:30 |
DK |
HICP |
Jan |
%y/y |
|
|
|
1.2 |
|
| Feb 10 - 09:00 |
 NO |
Core CPI |
Jan |
% y/y |
|
|
2.4 |
2.4 |
|
| Feb 10 - 09:00 |
NO |
Core CPI |
Jan |
%m/m |
|
|
-0.5 |
0.2 |
|
| Feb 10 - 09:00 |
NO |
CPI |
Jan |
% y/y |
|
|
2.1 |
2 |
|
| Feb 10 - 09:00 |
NO |
CPI |
Jan |
%m/m |
|
|
-0.2 |
0.2 |
|
| Feb 10 - 09:00 |
NO |
PPI inc. Oil |
Jan |
% y/y |
|
|
|
10 |
|
| Feb 10 - 09:00 |
NO |
PPI inc. Oil |
Jan |
%m/m |
|
|
|
-0.4 |
|
| Feb 10 - 09:00 |
SE |
Unemployment AMV (nsa) |
Jan |
% rate |
|
|
5.7 |
5.6 |
|
| Feb 10 - 09:00 |
 IT |
Industrial Production (sa)Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities. It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle, and is correlated with consumer conditions such as employment levels and earnings. |
Dec |
% m/m |
|
|
0.1 |
0.2 |
|
| Feb 10 - 09:00 |
IT |
Industrial Production (wda)Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities. It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle, and is correlated with consumer conditions such as employment levels and earnings. |
Dec |
% y/y |
|
|
-4.9 |
-7.9 |
|
| Feb 10 - 09:30 |
GB |
Industrial ProductionA measure of the manufacturing output of the energy sector, factories, and mines. Industrial production is significant as a short term indicator of the strength of UK industrial activity. Industry accounts for about a quarter of overall GDP. Because industrial production accounts for most of the volatility in GDP, foreknowledge of trends in manufacturing go a long way in forecasting UK output. High or rising Industrial Production figures suggest increased production and economic expansion, healthy for the Pound. However, uncontrolled levels of production and consumption can spark inflation. In times of inflation the Bank of England may raise interest rates to control growth. |
Dec |
% m/m |
|
|
0.2 |
0.4 |
|
| Feb 10 - 09:30 |
GB |
Industrial ProductionA measure of the manufacturing output of the energy sector, factories, and mines. Industrial production is significant as a short term indicator of the strength of UK industrial activity. Industry accounts for about a quarter of overall GDP. Because industrial production accounts for most of the volatility in GDP, foreknowledge of trends in manufacturing go a long way in forecasting UK output. High or rising Industrial Production figures suggest increased production and economic expansion, healthy for the Pound. However, uncontrolled levels of production and consumption can spark inflation. In times of inflation the Bank of England may raise interest rates to control growth. |
Dec |
% y/y |
|
|
-4.1 |
-6 |
|
| Feb 10 - 09:30 |
GB |
Manufacturing Production |
Dec |
% m/m |
|
|
0.3 |
|
|
| Feb 10 - 09:30 |
GB |
Manufacturing Production |
Dec |
% y/y |
|
|
-3 |
-5.4 |
|
| Feb 10 - 10:30 |
GB |
BoE release Quarterly Inflation Report |
|
|
|
|
|
|
|
| Feb 10 - 12:00 |
 IS |
Dir. Labour Unemployment |
Jan |
% y/y |
|
|
|
8.2 |
|
| Feb 10 - 13:30 |
 CA |
Merchandise tradeThe difference between imports and exports of goods. Merchandise Trade differentiates itself from Trade Balance because it does not record intangibles like services, only reporting on physical goods. Because exports of tangibles like oil, gold and manufacturing contribute to a large part of Canada 's GDP, trade data can give critical insight into developments in the economy and into foreign exchange rates.
Negative International Merchandise Trade (deficit) indicates that imports of goods are greater than exports. When exports are greater than imports, Canada experiences a trade surplus. Trade surpluses indicate that funds are coming into Canada in exchange for exported goods. Because such exported goods are usually purchased with Canadian dollars, trade surpluses usually reflect currency flowing into Canada, such currency inflows may lead to a natural appreciation of a the Canadian dollar, unless countered by similar capital outflows (Canadian International Securities Transactions tracks such capital flows). At a bare minimum, surpluses will buoy the value of the currency.
There are a number of factors that work to diminish the market impact of Canadian Merchandise Trade on markets. The report is not very timely, released about three months after the reporting quarter. Developments in many of the components that comprise the figure are also usually well anticipated. Lastly, since the report reflect data for a specific reporting quarter, any significant changes in the Merchandise Trade should plausibly have been already felt during that quarter and not during the release of data. But because of the overall significance of Trade on Foreign Exchange Rates, the figure has a history of being one of the more important reports out of Canada . |
Dec |
C$ bn |
|
|
-0.1 |
-0.3 |
|
| Feb 10 - 13:30 |
US |
Trade BalanceThe US Trade Balance refers to the difference between exports of goods and services out of the US, and imports to America. The trade balance is one of the biggest components of the US's Balance of Payment, which gives valuable insight and heavy pressure on the value of the dollar.
A positive Trade Balance (surplus) indicates that exports are greater than imports. When imports exceed exports, the US experiences a trade deficit. Because foreign goods are usually purchased using foreign currency, trade deficits usually reflect dollars leaking out of the country. Such currency outflows may lead to a natural depreciation of a dollar, unless countered by comparable capital inflows (US Net Foreign Security Purchases, or TICs data reports on such capital flows). At a bare minimum, deficits fundamentally weigh down the value of the currency.
There are a number of factors that work to diminish the market impact of US Trade Balance. The report is not very timely, coming some time after the reporting period. Developments in many of the figure's components are also typically well anticipated. Lastly, since the report reflects data for a specific reporting month, any significant changes in the Trade Balance should plausibly have already been felt during that month and not during the release of data. However, because of the overall significance of Trade Balance data in forecasting trends in the Forex Market, the release has historically been one of the more important reports out of the US. |
Dec |
$ bn |
|
|
-35.8 |
-36.4 |
|
| Feb 10 - 14:30 |
US |
Fed board member Tarullo testifies on systemic risk before the Senate Banking Subcommittee on Security and International Trade and Finance |
|
|
|
|
|
|
|
| Feb 10 - 15:00 |
GB |
NIESR GDP Est.An unofficial estimate of UK GDP that comes out one month before the official release. Calculated using statistical projection techniques, the NIESR estimates are highly respected and can influence monetary policy.
The meaning and consequences of the report are very close to those for official GDP numbers. A high rate of growth signals a heightened level of economic activity. Such expansion also raises concerns about inflationary pressure, which may prompt monetary authorities to increase interest rates. Accordingly, high NIESR GDP Estimates are generally bullish for the Pound, while negative readings are bearish. |
Jan |
% 3m/3m |
|
|
|
0.3 |
|
| Feb 10 - 15:00 |
US |
Treasury Secretary Geithner testifies on proposed budget for FY2011 before the House Budget Committee |
|
|
|
|
|
|
|
| Feb 10 - 16:30 |
CA |
Minister of Finance and Enterprise Morton speaks on new fiscal direction for the province |
|
|
|
|
|
|
|
| Feb 10 - 17:45 |
US |
Philadelphia Fed President Plosser gives speech on "Learning Lessons from the Worldwide Financial Crisis" before the World Affairs Council of Philadelphia |
|
|
|
|
|
|
|
| Feb 10 - 18:20 |
US |
Dallas Fed President Fisher gives speech on " The Economic Landscape of 2010"before the World Affairs Council |
|
|
|
|
|
|
|
| Feb 10 - 19:00 |
US |
Budget |
Jan |
$ bn |
|
|
-46 |
-91.9 |
|
| Feb 10 - 21:45 |
NZ |
Food PriceMeasures the price change of food and food services purchased by households. Higher food prices can result in economic slowdown because less disposable income will be used for non-food expenditures. Higher food prices can also result in inflation and signal future monetary action.
Higher domestic food prices may also suggest higher food prices internationally. New Zealand 's economy is largely based on producing and exporting agricultural goods and food products. Therefore, the Food Price Index can reflect demand for New Zealand products and for the New Zealand dollar. A higher reading may suggest a strengthening of the Dollar as foreigners pay relatively more for New Zealand 's exports.
The headline number is the percentage change in the index from the previous month. |
Jan |
% m/m |
|
|
|
-0.3 |
|
| Feb 11 - 00:00 |
 ES |
GDP (P) |
Q4 |
% y/y |
|
|
-3 |
-4 |
|
| Feb 11 - 00:00 |
ES |
GDP (P) |
Q4 |
% q/q |
|
|
-0.1 |
-0.3 |
|
| Feb 11 - 00:00 |
WLD |
IEA publishes monthly oil market report |
|
|
|
|
|
|
|
| Feb 11 - 00:00 |
JP |
Market Holiday - National Founding Day |
|
|
|
|
|
|
|
| Feb 11 - 00:00 |
EU |
EU leaders hold Economic Summit |
|
|
|
|
|
|
|
| Feb 11 - 00:30 |
AU |
EmploymentTracks the number of employed in Australia. The figure appears in the monthly Labour Force Survey conducted by the Australian Bureau of Statistics. A surge in new employment suggests higher spending potential and budding inflation pressures, which the RBA often counters with rate increases.
The headline figure is the annualized percentage change in employed workers. |
Jan |
chg k |
|
|
15 |
35.2 |
|
| Feb 11 - 00:30 |
AU |
UnemploymentThe percent of unemployed persons in the labor force. The Unemployment Rate serves as a leading indicator of the health of the labor market. The report is very timely, coming out just a few weeks after the reporting period. Additionally, the figure has a significant impact on the market because of the overall importance of employment for the economy. Higher unemployment leads to less income for Australian workers who, in turn, may reduce consumption. As consumer spending contributes to a majority of Australia 's GDP, developments in the labor market directly affect prospects for Australian growth.
Note : Unemployed persons are those who have no job but are actively seeking work; the labor force is the total of employed and unemployed persons. |
Jan |
% rate |
|
|
5.6 |
5.5 |
|
| Feb 11 - 07:00 |
DE |
Wholesale price indexMeasures changes in the prices paid by retailers for finished goods. Growth in wholesale prices usually precedes increases in retail prices, thus changes in Wholesale Prices can be used as an early indicator for inflation. While the CPI records price changes for retail goods, the WPI might pick up inflationary pressures before they reach the headline retail CPI report. The headline number is the percentage change in the index.
Note: WPI provides seasonally adjusted price changes to account for goods' seasonally volatility. |
Jan |
% m/m |
|
|
|
0.2 |
|
| Feb 11 - 07:00 |
DE |
Wholesale price indexMeasures changes in the prices paid by retailers for finished goods. Growth in wholesale prices usually precedes increases in retail prices, thus changes in Wholesale Prices can be used as an early indicator for inflation. While the CPI records price changes for retail goods, the WPI might pick up inflationary pressures before they reach the headline retail CPI report. The headline number is the percentage change in the index.
Note: WPI provides seasonally adjusted price changes to account for goods' seasonally volatility. |
Jan |
% y/y |
|
|
|
0.2 |
|
| Feb 11 - 08:15 |
 CH |
CPIIt is the key gauge for inflation in Switzerland . Simply put, inflation reflects a decline in the purchasing power of the Franc, where each Franc buys fewer goods and services. The CPI calculates the change in the price of a predetermined basket of consumer goods and services. This basket represents the goods and services that an average household will purchase. The figure is compared to those of the previous month as well as the previous year in order to gauge changes to the costs of living on a month to month and year to year basis. The headline number is the percentage change either from the previous month's value or the previous year's value.
As the key indicator of inflation, a rising CPI may prompt the Swiss National Bank to raise interest rates in attempt to manage inflation and slow economic growth. Higher interest rates make holding the Franc more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Franc. |
Jan |
%m/m |
|
|
-0.4 |
-0.2 |
|
| Feb 11 - 08:15 |
CH |
CPIIt is the key gauge for inflation in Switzerland . Simply put, inflation reflects a decline in the purchasing power of the Franc, where each Franc buys fewer goods and services. The CPI calculates the change in the price of a predetermined basket of consumer goods and services. This basket represents the goods and services that an average household will purchase. The figure is compared to those of the previous month as well as the previous year in order to gauge changes to the costs of living on a month to month and year to year basis. The headline number is the percentage change either from the previous month's value or the previous year's value.
As the key indicator of inflation, a rising CPI may prompt the Swiss National Bank to raise interest rates in attempt to manage inflation and slow economic growth. Higher interest rates make holding the Franc more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Franc. |
Jan |
%y/y |
|
|
0.8 |
0.3 |
|
| Feb 11 - 08:30 |
SE |
Riksbank Repo Rate announcement and Monetary Policy Report Feb 2010 |
|
|
|
|
|
|
|
| Feb 11 - 08:30 |
 NL |
CPI |
Jan |
% m/m |
|
|
0.2 |
-0.6 |
|
| Feb 11 - 08:30 |
NL |
CPI |
Jan |
% y/y |
|
|
1 |
1.1 |
|
| Feb 11 - 09:00 |
EU |
ECB release Monthly Bulletin |
|
|
|
|
|
|
|
| Feb 11 - 13:30 |
US |
Initial ClaimsThe number of individuals who filed for unemployment insurance for the first time during the past week. This is the nation's earliest economic data. The market impact fluctuates from week to week - there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes. |
06-Feb |
k |
|
|
465 |
480 |
|
| Feb 11 - 13:30 |
CA |
House Price IndexA component of the Consumer Price Index (CPI) that measures changes in prices for new homes. Higher housing prices suggest stronger consumer demand and growth in the housing market. At the same time, higher housing prices that accompany economic expansion often lead to inflationary pressures. The headline number is the percentage change in the index.
Note: The New Housing Price Index takes into account the quality and features of the new homes sold. For example, if selling prices for new homes are unchanged, but the features and quality of housing have increased (e.g. added swimming pool and better construction materials), then the price for new homes is considered to have fallen. |
Dec |
%m/m |
|
|
0.4 |
0.4 |
|
| Feb 11 - 13:30 |
US |
Retail SalesMonthly measure of sales of goods to consumers at retail outlets. The figure is a significant market mover, valuable both for its timeliness and insight into consumer demand and consumer confidence. Consumer spending is vital to the US economy, accounting for more than two-thirds of all economic activity. Given that retail sales make up a hefty one third of such spending, the Advanced Retail Sales figure acts as a measure of consumer demand before GDP is released.
The figure has its limits, though. For instance, the timely release of the report comes at the cost of volatility in the figures and significant monthly revisions. It is not unusual for the figure to come out positive one month, only to be subsequently revised as negative. Retail Sales can also be volatile due to seasonality. Additionally, the report has been criticized for excluding service sector sales and failing to adjust for inflation. Despite these drawbacks, the figure still moves the market on release, mainly because of the importance of consumer spending to the US economy.
The Retail Sales figure is calculated as the total receipts of retail sales in nominal dollars based on a sample of stores throughout the month - returns, taxes and finance charges are excluded. It appears in the headlines as the annualize percentage change from the previous month. |
Jan |
% m/m |
|
|
0.3 |
-0.3 |
|
| Feb 11 - 13:30 |
US |
Retail Sales Ex AutosMonthly measure of sales of goods to consumers at retail outlets. The figure is a significant market mover, valuable both for its timeliness and insight into consumer demand and consumer confidence. Consumer spending is vital to the US economy, accounting for more than two-thirds of all economic activity. Given that retail sales make up a hefty one third of such spending, the Advanced Retail Sales figure acts as a measure of consumer demand before GDP is released.
The figure has its limits, though. For instance, the timely release of the report comes at the cost of volatility in the figures and significant monthly revisions. It is not unusual for the figure to come out positive one month, only to be subsequently revised as negative. Retail Sales can also be volatile due to seasonality. Additionally, the report has been criticized for excluding service sector sales and failing to adjust for inflation. Despite these drawbacks, the figure still moves the market on release, mainly because of the importance of consumer spending to the US economy.
The Retail Sales figure is calculated as the total receipts of retail sales in nominal dollars based on a sample of stores throughout the month - returns, taxes and finance charges are excluded. It appears in the headlines as the annualize percentage change from the previous month.
Retail Sales Ex Autos
The Retail Sales figure is also reported excluding automobile sales. Given their high cost, auto sales contribute significantly to retails sales, comprising nearly a quarter of the figure. As a result, changes in automobile sales can produce high fluctuations in the retails sales report. Vehicle sales are prone to seasonal changes, thereby easily distorting retail sales trends. To provide a more accurate picture of retail sales the auto component is removed and followed more closely. |
Jan |
% m/m |
|
|
0.5 |
-0.2 |
|
| Feb 11 - 15:00 |
US |
Business inventoriesUnsold goods held by manufacturers, wholesalers and retailers. Business Inventories are often able to show economic turning points. A significant decrease in inventories implies that the economy is on the verge of rapid growth because stockrooms for businesses are empty and need to be replenished, which triggers higher production overall.
Inventories are also useful when examined in conjunction with total business sales. Rising inventories paired with slackening business sales are indicative of troubled economic times. When business sales slow, retailers' inventories increase and they are forced cut back on wholesale orders. Wholesalers, affected by the fear of swelling inventories, will slow or even shut down production in factories.
Recent technological advancements allow firms to manage inventories more efficiently, keeping inventory levels lower. Accordingly, declines in inventory stores are often indicative of productivity increases rather than changes in demand. But these logistical advances put particular emphasis on growing inventories. Increases in stocks of goods signal declining demand in America .
While the Business Inventories figure is released with the Advanced Retail Sales report, the Advanced Retail Sales report features a lag time of merely two weeks. The Business Inventories' lag time is three times as long, making it an indicator that follows rather than leads the overall pace of the economy. Market participants tend to focus more on the Advanced Retail Sales figures.
The headline number is expressed as a percentage change from the previous month. |
Dec |
% m/m |
|
|
0.3 |
0.4 |
|
| Feb 11 - 17:00 |
NO |
Norges Bank Governor Gjedrem gives annual address at the meeting of the Norges Bank Supervisory Council |
|
|
|
|
|
|
|
| Feb 11 - 21:45 |
NZ |
Retail SalesTracks changes in New Zealand retail sales. As consumption contributes heavily to New Zealand 's GDP, a rising Retail Sales figure can be indicative of rising demand and subsequent inflation. While s trong economic growth is typically good for the New Zealand economy, uncontrolled growth and rising inflation may lead to instability and corrective action from New Zealand 's central bank. The headline numbers are the percentage change in Retail Trade from the previous month and the percentage change in Retail Trade from the previous quarter. |
Dec |
% m/m |
|
|
0.6 |
0.8 |
|
| Feb 11 - 21:45 |
NZ |
Retail Sales (Ex-Auto) |
Dec |
% m/m |
|
|
0.3 |
0.8 |
|
| Feb 12 - 05:00 |
JP |
Consumer ConfidenceConsumer confidence is a measure of popular sentiment concerning the Japanese economy. The figure is derived from a survey that asks thousands of Japanese consumers about personal expenditure patterns and inflationary expectations. In general, rising consumer confidence precedes increased consumer spending, which drives both economic growth and inflation. Even though t he Japanese economy is heavily driven by its export sector, domestic consumer confidence is an important gauge of overall economic activity and future inflationary pressures.
A headline figure above 50 shows positive consumer sentiment, while a number below 50 shows negative consumer sentiment; the greater the distance, the stronger the sentiment. |
Jan |
index |
|
|
38 |
37.6 |
|
| Feb 12 - 07:00 |
DE |
GDP (wda) (P)Gross Domestic Product (GDP) measures the value of goods and services produced with in a country. GDP is the most comprehensive overall measure of economic output and provides key insight as to the driving forces of the economy.
Due to the untimeliness of this report and because data on GDP components are available beforehand, the actual GDP figure is usually well anticipated. But given its overall significance GDP has the tendency to move the market upon release, acting to confirm or upset economic expectations. Robust GDP growth signals a heightened level of activity that is generally associated with a healthy economy. However economic expansion also raises concerns about inflationary pressures which may lead to monetary policy tightening.
Technically, Gross Domestic Product is calculated in the following way:
GDP = C + I + G + (EX - IM)
where
C = private consumption
I = private investment
G = government expenditure
EX = exports of goods and services
IM = imports of goods and services
The figure is commonly reported in headlines as an annualized percentage, based on quarterly data.
On a technical note: The GDP can be reported in either real or nominal terms, real GDP being adjusted for inflation. |
Q4 |
% y/y |
|
|
-2.2 |
-4.8 |
|
| Feb 12 - 07:00 |
DE |
GDP (sa) (P) |
Q4 |
%q/q |
|
|
0.2 |
0.7 |
|
| Feb 12 - 07:00 |
SE |
Riksbank Deputy Governor Svensson gives speech on "Inflation targeting after the financial crisis" before Reserve Bank of India event |
|
|
|
|
|
|
|
| Feb 12 - 07:45 |
FR |
Non-farm employment (P) |
Q4 |
% q/q |
|
|
|
-0.6 |
|
| Feb 12 - 07:45 |
FR |
GDP (P)The Gross Domestic Product is a comprehensive measure of a France's overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. While GDP announcements generally conform to expectations, unanticipated changes in this metric can move markets.
Robust GDP growth signals a heightened level of economic activity and often a higher demand for the domestic currency. At the same time, economic expansion raises concerns about inflationary pressures which may lead monetary authorities to increase interest rates. Thus better than expected GDP figures are generally bullish for the Euro, while negative readings are generally bearish.
Technically, Gross Domestic Product is calculated in the following way:
GDP = C + I + G + (EX - IM)
where
C = private consumption, I = private investment, G = government expenditure, EX = exports of goods and services, IM = imports of goods and services.
French GDP figures, officially called Quarterly National Accounts, are released quarterly. The headline figures are annualized percentage changes in real and nominal GDP. |
Q4 |
% q/q |
|
|
0.5 |
0.3 |
|
| Feb 12 - 07:45 |
FR |
GDP (P)The Gross Domestic Product is a comprehensive measure of a France's overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. While GDP announcements generally conform to expectations, unanticipated changes in this metric can move markets.
Robust GDP growth signals a heightened level of economic activity and often a higher demand for the domestic currency. At the same time, economic expansion raises concerns about inflationary pressures which may lead monetary authorities to increase interest rates. Thus better than expected GDP figures are generally bullish for the Euro, while negative readings are generally bearish.
Technically, Gross Domestic Product is calculated in the following way:
GDP = C + I + G + (EX - IM)
where
C = private consumption, I = private investment, G = government expenditure, EX = exports of goods and services, IM = imports of goods and services.
French GDP figures, officially called Quarterly National Accounts, are released quarterly. The headline figures are annualized percentage changes in real and nominal GDP. |
Q4 |
% y/y |
|
|
-0.3 |
-2.3 |
|
| Feb 12 - 07:45 |
FR |
Wages (P) |
Q4 |
% q/q |
|
|
|
0.5 |
|
| Feb 12 - 08:00 |
ES |
CPI (F) |
Jan |
% m/m |
|
|
-1.3 |
|
|
| Feb 12 - 08:00 |
ES |
CPI (F) |
Jan |
% y/y |
|
|
0.4 |
0.8 |
|
| Feb 12 - 08:00 |
ES |
HICP (F) |
Jan |
% m/m |
|
|
-1 |
|
|
| Feb 12 - 08:00 |
ES |
HICP (F) |
Jan |
% y/y |
|
|
1.1 |
1.1 |
|
| Feb 12 - 08:00 |
EU |
ECB Governing Council member Nowotny gives speech at event in Vienna |
|
|
|
|
|
|
|
| Feb 12 - 08:30 |
NL |
GDP (1st Est) |
Q4 |
% nsa y/y |
|
|
-2.5 |
-3.7 |
|
| Feb 12 - 08:30 |
NL |
GDP (1st Est) |
Q4 |
% q/q |
|
|
0.5 |
0.5 |
|
| Feb 12 - 08:30 |
NL |
Retail Trade |
Dec |
% y/y |
|
|
|
-6.4 |
|
| Feb 12 - 08:30 |
NL |
Trade balance |
Dec |
EUR bn |
|
|
|
3.1 |
|
| Feb 12 - 09:00 |
IT |
GDP (P) |
Q4 |
% y/y |
|
|
-2.6 |
-4.6 |
|
| Feb 12 - 09:00 |
IT |
GDP (P) |
Q4 |
% q/q |
|
|
0.1 |
0.6 |
|
| Feb 12 - 10:00 |
EU |
GDP Flash Est. |
Q4 |
% q/q |
|
|
0.3 |
0.4 |
|
| Feb 12 - 10:00 |
EU |
GDP Flash Est. |
Q4 |
% y/y |
|
|
-1.9 |
-4 |
|
| Feb 12 - 10:00 |
EU |
Industrial productionMeasures the volume change of output of the manufacturing and energy sector. The industrial sector contributes to only a quarter of the Euro-zone GDP. However, most variations in GDP come from the industrial sector, whereas other sectors that contribute far more to national output historically have been very consistent regardless of economic cycles. That is why tracking industrial production is very important for forecasting GDP changes.
Note: The Industrial Production figure can be adjusted for the number of working days in the given time period and/or seasonally to account for weather related changes in production. |
Dec |
% m/m |
|
|
0.1 |
1 |
|
| Feb 12 - 10:00 |
EU |
Industrial productionMeasures the volume change of output of the manufacturing and energy sector. The industrial sector contributes to only a quarter of the Euro-zone GDP. However, most variations in GDP come from the industrial sector, whereas other sectors that contribute far more to national output historically have been very consistent regardless of economic cycles. That is why tracking industrial production is very important for forecasting GDP changes.
Note: The Industrial Production figure can be adjusted for the number of working days in the given time period and/or seasonally to account for weather related changes in production. |
Dec |
% y/y |
|
|
-1.7 |
-7.1 |
|
| Feb 12 - 13:30 |
CA |
Motor Vehicle SalesChange in the number of new cars and trucks sold domestically. It's a sign of consumer confidence - rising demand for expensive durable goods shows that consumers are confident in their future financial position and feel comfortable spending money. |
Dec |
% m/m |
|
|
2 |
-6 |
|
| Feb 12 - 14:55 |
US |
Univ of Mich Sent. (P)Assesses consumer confidence regarding personal finances, business conditions and purchasing power based on hundreds of telephone surveys. Especially valued for its quick turnaround, the University of Michigan Confidence survey is considered one of the foremost indicators of US consumer sentiment. The survey polls a smaller sample of consumers and is less established than the Conference Board Consumer Confidence Index.
Declining consumer confidence levels usually accompany any fall income or wages and precede drops in consumer spending. A low or falling U Mich Sentiment value is considered an early indicator of an economic downturn. As a result, investors, retailers and traders alike all watch the figure for insight into the general health of the economy. UMich figures have recently preceded turning in overall GDP.
The headline figure is calculated by subtracting the percentage of unfavorable replies from the percentage of favorable replies.
U. of Michigan Confidence (Preliminary)
Early assessment of consumer sentiment regarding personal finances, business conditions and purchasing power. This preliminary figure incorporates approximately 60% of responses that are included in the final figure, and is revised at the end of the month. The preliminary results are not intended for wide release but are regularly leaked to the press and often available to the financial community. |
Feb |
index |
|
|
75 |
74.4 |
|
| Feb 13 - 04:15 |
CA |
BoC Governor Carney participates in panel at Reserve Bank of India's International research conference |
|
|
|
|
|
|
|
| Feb 13 - 10:30 |
EU |
ECB Governing Council member Draghi gives speech at annual Forex meeting |
|
|
|
|
|
|
|
| Feb 14 - 23:50 |
JP |
GDP (P)The Gross Domestic Product is a comprehensive measure of a Japan 's overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. GDP announcements generally conform to expectations as the number comes out after most Japanese production figures that lead to overall GDP have already been released. Although releases that are out of line with expectations are rare, unanticipated GDP growth can move markets simply because of its significance as an economic indicator.
Robust GDP growth signals a heightened level of economic activity, such activity often benefits trade flows and encourages foreign investment that can lead to higher demand for the Yen. At the same time, economic expansion raises concerns about inflationary pressures which may lead monetary authorities to increase interest rates. Thus better than expected GDP figures are generally bullish for the Yen, while negative readings are generally bearish.
Technically, Gross Domestic Product is calculated in the following way:
GDP = C + I + G + (EX - IM)
where
C = private consumption
I = private investment
G = government expenditure
EX = exports of goods and services
IM = imports of goods and services
Japanese GDP figures are released quarterly as expenditure-based estimates. The headline figures are annualized percentage changes in real and nominal GDP. |
Q4 |
% q/q |
|
|
0.9 |
0.3 |
|
| Feb 14 - 23:50 |
JP |
GDP (P)The Gross Domestic Product is a comprehensive measure of a Japan 's overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. GDP announcements generally conform to expectations as the number comes out after most Japanese production figures that lead to overall GDP have already been released. Although releases that are out of line with expectations are rare, unanticipated GDP growth can move markets simply because of its significance as an economic indicator.
Robust GDP growth signals a heightened level of economic activity, such activity often benefits trade flows and encourages foreign investment that can lead to higher demand for the Yen. At the same time, economic expansion raises concerns about inflationary pressures which may lead monetary authorities to increase interest rates. Thus better than expected GDP figures are generally bullish for the Yen, while negative readings are generally bearish.
Technically, Gross Domestic Product is calculated in the following way:
GDP = C + I + G + (EX - IM)
where
C = private consumption
I = private investment
G = government expenditure
EX = exports of goods and services
IM = imports of goods and services
Japanese GDP figures are released quarterly as expenditure-based estimates. The headline figures are annualized percentage changes in real and nominal GDP. |
Q4 |
% y/y ann |
|
|
3.6 |
1.3 |
|
| Feb 15 - 00:00 |
 GR |
Market Holiday - Orthodox Shrove Monday |
|
|
|
|
|
|
|
| Feb 15 - 00:00 |
US |
Market Holiday - Presidents' Day |
|
|
|
|
|
|
|
| Feb 15 - 00:01 |
GB |
Rightmove House Prices |
Feb |
%y/y |
|
|
|
4.1 |
|
| Feb 15 - 00:30 |
AU |
Lending Finanace |
Jan |
% m/m |
|
|
|
2.1 |
|
| Feb 15 - 04:30 |
JP |
Capacity UtilisationCapacity utilization measures the extent to which Japanese manufacturing companies make use of their installed productive capacity (factories and machinery). Capacity utilization reflects overall growth and demand in the economy. High capacity utilization usually exerts inflationary pressures as scarce resources are in high demand. However, it may also lead to new capital investments, such as new plants, that promote growth in the future.
As a technical note, capacity utilization is referred to as Operating Ratio by the Japanese Ministry of Economy, Trade and Industry, and indexed to the year 2000 with a base value of 100. The headline figure is the percentage change in the index from the previous month or previous year. |
Dec |
index |
|
|
|
3.2 |
|
| Feb 15 - 04:30 |
JP |
Industrial Production (F)The volume of items produced in Japan 's mining and manufacturing industries. All products, whether sold domestically or abroad, are included in the calculation of industrial production. Industrial production is highly sensitive to the business cycle and can often predict future changes in employment, earnings, and personal income. For these reasons industrial production is considered a reliable leading indicator that conveys information about the overall health of the Japanese economy.
The headline value is the percentage change in the index from the previous month or year. |
Dec |
% m/m |
|
|
|
2.2 |
|
| Feb 15 - 04:30 |
JP |
Industrial Production (F)The volume of items produced in Japan 's mining and manufacturing industries. All products, whether sold domestically or abroad, are included in the calculation of industrial production. Industrial production is highly sensitive to the business cycle and can often predict future changes in employment, earnings, and personal income. For these reasons industrial production is considered a reliable leading indicator that conveys information about the overall health of the Japanese economy.
The headline value is the percentage change in the index from the previous month or year. |
Dec |
% y/y |
|
|
|
5.3 |
|
| Feb 15 - 07:00 |
 FI |
CPI |
Jan |
% y/y |
|
|
|
-0.5 |
|
| Feb 15 - 08:15 |
CH |
Producer & Import pricesTracks inflation in producer and import prices in Switzerland . The headline figure is the percentage change in the index from the previous period.
Changes in this index will generally precede changes in the consumer price index, as higher import costs and producer prices tend to eventually be passed to consumers. As with any indicator of inflation, increases in producer and import prices tend to act as an appreciating weight for the Swiss franc because inflationary pressures are almost always met with interest rate increases from the Swiss central bank.
The figure represents changes in the combined producer and import price index, calculated from changes in producer prices and import prices, giving appropriate weight to the proportion of domestic and imported goods. |
Jan |
%m/m |
|
|
|
0.1 |
|
| Feb 15 - 08:15 |
CH |
Producer & Import pricesTracks inflation in producer and import prices in Switzerland . The headline figure is the percentage change in the index from the previous period.
Changes in this index will generally precede changes in the consumer price index, as higher import costs and producer prices tend to eventually be passed to consumers. As with any indicator of inflation, increases in producer and import prices tend to act as an appreciating weight for the Swiss franc because inflationary pressures are almost always met with interest rate increases from the Swiss central bank.
The figure represents changes in the combined producer and import price index, calculated from changes in producer prices and import prices, giving appropriate weight to the proportion of domestic and imported goods. |
Jan |
%y/y |
|
|
|
-2.5 |
|
| Feb 15 - 09:00 |
NO |
Trade Balance |
Jan |
NOK bn |
|
|
|
31.1 |
|
| Feb 15 - 09:00 |
IT |
EU Trade balance |
Dec |
EUR mn |
|
|
|
-760 |
|
| Feb 15 - 09:00 |
IT |
Total Trade balance |
Dec |
EUR mn |
|
|
|
-790 |
|
| Feb 15 - 16:00 |
EU |
Eurogroup FinMin meeting |
|
|
|
|
|
|
|
| Feb 15 - 21:45 |
NZ |
PPI (Inputs) |
Q4 |
% y/y |
|
|
|
|
|
| Feb 15 - 21:45 |
NZ |
PPI (Outputs) |
Q4 |
% y/y |
|
|
|
|
|
Video version
