|
03:00 |
|
Coincident indicators
|
Apr
|
219.10.6% m/m |
|
|
|
Measures the current economic activity based on a composite of indicators that track current business conditions. |
|
03:00 |
|
Leading indicators
|
Apr
|
230.60.8% m/m |
|
|
|
Movements in these indicators are known to precede larger developments in the rest of the economy.
The Index includes account inventory ratios, machinery orders, stock prices and other leading economic indicators. As the aggregate of many leading indices the Leading Economic Index provides a forecast of the future state of the domestic economy and is thought to predict activity that will occur 6-9 months after the reporting period.
The index operates on a 1-100 scale, where a value lower than 50 means that most indictors are negative and a value higher than 50 means most indicators are positive. In both cases a greater distance from the midpoint (50) means that the indicators are more strongly positive or negative. |
|
06:00 |
|
Supermarket Sales
|
Apr
|
-2.4% y/y |
|
|
|
The amount of supermarket sales in Japan. |
|
9:30 |
|
Consumer Price Index
|
Apr
|
0.3% m/m 3.5% y/y |
0.6% m/m 3.1% y/y |
|
|
Measures the change in prices for retail goods and services, including food and gas. The CPI is the key measure of inflation for the UK and is used by the Bank of England in making interest rate decisions. The report tracks changes in the price of a basket of goods and services that a typical British household might purchase. An increase in the index indicates that it takes more Sterling to purchase this same set of basic consumer items. |
|
9:30 |
|
Retail price index
|
Apr
|
0.4% m/m 3.6% y/y |
0.6% m/m 3.5% y/y |
|
|
In the United Kingdom, the Retail Prices Index or Retail Price Index (RPI) is a measure of inflation published monthly by the Office for National Statistics. |
|
9:30 |
|
Retail price index ex. Mort.Int.Payments
|
Apr
|
3.7% y/y |
3.5% y/y |
|
|
The RPI calculated excluding mortgage interest payments. |
|
9:30 |
|
Consumer Price Index-Core
|
Apr
|
2.5% y/y |
2.2% y/y |
|
|
The CPI is also reported excluding food and energy; two of its most volatile components. These components are particularly sensitive to temporary economic factors like oil prices, natural disasters and seasonal affects. Consequently, CPI excluding Food and Energy provides a more stable figure, but at the cost of overlooking two significant sectors in the economy (together food and energy comprise nearly a quarter of the goods included in the CPI). The figure is the monthly percent change in the index. |
|
9:30 |
|
Public Sector Net Borrowing
|
Apr
|
15.9bln |
-5.4bln |
|
|
The amount of new debt held by the UK governments. In the long run, the public sector account must be in balance in order for the economy to be sustainable. If the UK spends more than what it earns, it must finance this budget deficit with an increase in Net Borrowing. Because budget deficits are generally unfavorable for the economy, growth in Net Borrowing is considered bearish for the Pound. Likewise, if Net Borrowing is negative, it means the UK is running a budget surplus and, rather than borrowing money, is a net lender. The headline number is the net borrowing for the previous month in billions of Pounds. |
|
9:30 |
|
PSNCR
|
Apr
|
16.5bln |
-6.0bln |
|
|
The amount of money financed to the UK government. A higher value indicates a worsening fiscal condition for the British Government as the public sector is unable to maintain its spending patterns without further financing. As with any economy, budget deficits are unfavorable and viewed as bearish for the Pound. |
|
10:30 |
|
BOE Inflation Letter
|
May
|
|
|
|
|
If inflation moves away from the target by more than 1 percentage point in either direction, the Governor is required to send an open letter to the Chancellor. |
|
15:00 |
|
Existing home sales
|
Apr
|
4.48M-2.6% m/m |
4.64M3.1% m/m |
|
|
Records sales of previously owned homes in the United States . This report provides a fairly accurate assessment of housing market conditions, and because of the sensitivity of the housing market to business cycle twists, it can be an important indicator of overall conditions at times when housing is particularly important to the economy.
While used home sales are not counted in GDP, they do affect the United States economy. Sellers of used homes often use capital gains from property sales on consumption that stimulate the economy. Higher levels of consumer spending may also increase inflationary pressures, even as they help grow the economy.
The existing home sales report is not as timely as other housing indicators like New Home Sales or Building Permits. By the time the Existing Home Sales are recorded, market conditions may have changed.
The headline is the total value of properties sold. |
|
15:00 |
|
Consumer Confidence
|
May
|
-19.9 |
-20.5 |
|
|
Consumer confidence is a measure of popular sentiment concerning the Eurozone economy. The figure is derived from a survey that asks thousands of 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 Italian 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. |
|
15:00 |
|
Richmond Fed Manufact. Index
|
May
|
14 |
12 |
|
|
Assesses regional manufacturing conditions for the Richmond Fed District. Based on mail-in surveys from a representative sample of manufacturing plants, the Richmond Fed Index seeks to track industrial performance. The report puts particular emphasis on inflationary pressures.
Though the Richmond Fed Manufacturing Survey is valued for its quick turnaround, it is still released after the ISM survey. As a result, the figure is often used to affirm or question the ISM report, and has little impact on markets. The Richmond Fed Manufacturing Survey also asks manufacturing executives to stress price expectations. Some markets participants use this data as an early gauge to CPI and PPI reports released a few days later.
The headline figure is a three-month average, calculated by finding the percentage difference between positive and negative responses for the last three months, using a zero boom/bust centerline.
Note: The survey covers such topics as shipments, order volume, backlog volume, capacity utilization, vendor lead time, employees, average workweek, wages, inventory levels, and capital expenditures. The Fifth District includes the District of Columbia , Maryland , both Carolinas, and most of the Virginias . |