Reading | 2.3% |
Period: Mar
Previous Reading: 2.2%
Forecast: 2.1%
Actual Reading: 2.3%
Change in the price of services purchased by corporations. It's a leading indicator of consumer inflation - when corporations pay more for services the higher costs are usually passed on to the consumer.
hideReading | 3.5% |
Period: Mar
Previous Reading: 3.4%
Forecast: 3.4%
Actual Reading: 3.5%
The headline inflation gauge for Australia. Simply put, inflation reflects a decline in the purchasing power of the Aussie Dollar, where each Dollar buys fewer goods and services. In terms of measuring inflation, CPI is the most obvious way to quantify changes in purchasing power. The report tracks changes in the price of a basket of goods and services that is typically bought by a metropolitan Australian households. An increase in the index indicates that it takes more Australian Dollars to purchase this same set of basic consumer items.
Unlike most other countries, Australia publishes CPI quarterly instead of monthly, increasing the market impact of the report upon release. The headline number is released as the percentage change from the previous quarter or year.
hideReading | 1.0%; 3.6% |
Period: 1 quarter
Previous Reading: 0.6%; 4.1%
Forecast: 0.8%; 3.4%
Actual Reading: 1.0%; 3.6%
The headline inflation gauge for Australia. Simply put, inflation reflects a decline in the purchasing power of the Aussie Dollar, where each Dollar buys fewer goods and services. In terms of measuring inflation, CPI is the most obvious way to quantify changes in purchasing power. The report tracks changes in the price of a basket of goods and services that is typically bought by a metropolitan Australian households. An increase in the index indicates that it takes more Australian Dollars to purchase this same set of basic consumer items.
Unlike most other countries, Australia publishes CPI quarterly instead of monthly, increasing the market impact of the report upon release. The headline number is released as the percentage change from the previous quarter or year.
hideReading | 1.0%; 4.0% |
Period: 1 quarter
Previous Reading: 0.8%; 4.2%
Forecast: 0.8%; 3.8%
Actual Reading: 1.0%; 4.0%
Change in the price of goods and services purchased by consumers, excluding the most volatile 30% of items. hide
Reading | 1.1%; 4.4% |
Period: 1 quarter
Previous Reading: 0.9%; 4.4%
Forecast: 0.9%; 4.1%
Actual Reading: 1.1%; 4.4%
It helps expose the underlying inflation trend through component weighting and anomaly exclusion. The indicator compares the prices growth to the same quarter a yer ago. hide
Reading |
Period: Apr
Previous Reading: 87.8
Forecast: 88.9
Actual Reading:
The Ifo Business Climate Index is a closely followed leading indicator for economic activity in Germany prepared by the Ifo Institute for Economic Research in Munich. It is based on ca. 7,000 monthly survey responses of firms in manufacturing, construction, wholesaling and retailing. The firms are asked to give their assessments of the current business situation and their expectations for the next six months. They can characterise their situation as "good", "satisfactorily" or "poor" and their business expectations for the next six months as "more favourable", "unchanged" or "more unfavourable". The replies are weighted according to the importance of the industry and aggregated. The balance value of the current business situation is the difference of the percentages of the responses "good" and "poor", the balance value of the expectations is the difference of the percentages of the responses "more favourable" and "more unfavourable". The business climate is a mean of the balances of the business situation and the expectations.
hideReading |
Period: Apr
Previous Reading: 11.5
Forecast:
Actual Reading:
The ZEW-CS Indicator is calculated monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS). The indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon.
hideReading |
Period: Apr
Previous Reading: 88.1
Forecast: 88.7
Actual Reading:
One of the country's key business sentiment surveys (Ifo - Information and Forschung Survey). The survey is conducted monthly, querying German firms on the current German business climate as well as their expectations for the next six months. As the largest economy in the Eurozone, Germany is responsible for approximately a quarter of the total Eurozone GDP.
Consequently, the German Ifo is a significant economic health indicator for the Eurozone as a whole. Positive readings bode well for the economy, suggesting increased consumer spending and economic growth. Conversely, low Ifo readings may be indicative of economic slowdown.
The index uses 100 as a centerline between positive and negative outlooks; the further the value is from 100 the stronger the sentiment. The survey presents two equally weighted sub-indices: Current Assessment and Business Expectations.
Ifo Current Assessment
Measures current German business conditions, without considering future expectations.
Reading |
Period: Apr
Previous Reading: 87.5
Forecast: 88.9
Actual Reading:
One of the country's key business sentiment surveys (Ifo - Information and Forschung Survey). The survey is conducted monthly, querying German firms on the current German business climate as well as their expectations for the next six months. As the largest economy in the Eurozone, Germany is responsible for approximately a quarter of the total Eurozone GDP. Consequently, the German Ifo is a significant economic health indicator for the Eurozone as a whole. Positive readings bode well for the economy, suggesting increased consumer spending and economic growth. Conversely, low Ifo readings may be indicative of economic slowdown.
The index uses 100 as a centerline between positive and negative outlooks; the further the value is from 100 the stronger the sentiment. The survey presents two equally weighted sub-indices: Current Assessment and Business Expectations.
Ifo Expectations
Based on firms' expectations for the next six months, where firms rate the future outlook as better, same, or worse.
Reading |
Period: Apr
Previous Reading: 2.38%; 2.0
Forecast:
Actual Reading:
10-y Bond Auction is a leading market demand and profitability indicator. Profit falls compared to the previous auctions generally have a favourable influence on the currency. hide
Reading |
Period: Apr
Previous Reading: -18
Forecast: -16
Actual Reading:
This review reflects businessmen sentiment concerning the position of the industrial sector of the economy.
hideReading |
Period: Feb
Previous Reading: -0.3%; 0.5%
Forecast: 0.1%; 0.0%
Actual Reading:
Gauge for goods sold at retail outlets in the past month. Retail Sales is a leading indicator for the economy. Rising consumer spending fuels economic growth, confirms signals from consumer confidence, and may spark inflationary pressures.
The headline figure is expressed as the percentage change from the same month last year.
hideReading |
Period: Mar
Previous Reading: 1.3%; 0.3%
Forecast: 2.5%; 0.3%
Actual Reading:
The value of orders placed for relatively long-lasting goods. Durable Goods are expected to last more than three years. Such products often require large investments and usually reflect optimism on the part of the buyer that their expenditure will be worthwhile.
Because orders for goods have large sway over the actual production, this figure serves as an excellent forecast of US output to come. Durable Goods are typically sensitive to economic changes. When consumers become sceptical about economic conditions, sales of durable goods are one of the first to be impacted since consumers can delay purchases of durable items, like cars and televisions, only spending money on necessities in times of economic hardship. Conversely, when consumer confidence is restored, orders for durable goods rebound quickly.
hideReading |
Period: Apr
Previous Reading: -10.4
Forecast: -9.6
Actual Reading:
Assesses overall business environment in a country.
hideReading |
Period: Apr
Previous Reading: 2735K
Forecast: 1600K
Actual Reading:
The actual inventories of crude oil, gasoline, and distillate, such as jet fuel, as reported on a weekly basis. The numbers are watched closely by the energy markets, and if the results differ greatly from the expected inventory levels, the market can react strongly. The inventory data can be skewed by holidays and seasonal factors. Weekly data can be unreliable and should be viewed as a part of longer-term trends, so a four-week moving average may be more useful.
hideReading |
Period: Apr
Previous Reading: 111.8
Forecast:
Actual Reading:
This index is designed to predict the direction of the economy, but it tends to have a muted impact because most of the indicators used in the calculation are released previously. There's a revised version of this indicator released about 10 days later, but it's not included for lack of significance. Source changed series from a diffusion index to a composite index as of Jun 2008. Combined reading of 11 economic indicators related to employment, production, new orders, consumer confidence, housing, stock prices, money supply, and interest rate spreads. hide
Reading |
Period: May
Previous Reading: -27.4
Forecast: -25.9
Actual Reading:
The German group GfK uses this report to show the results of their survey on business consumer confidence in order to gauge the health of the German economy. It is a leading indicator of economic strength.
hideReading |
Period:
Previous Reading:
Forecast:
Actual Reading:
In 2015 the Economic Bulletin replaced the Monthly Bulletin. The Economic Bulletin is published two weeks after the monetary policy meeting of the Governing Council of the ECB. Issues published after the monetary policy meetings in March, June, September and December provide a comprehensive analysis of economic and monetary developments, including a discussion of the Eurosystem/ECB staff macroeconomic projections for the euro area. Other issues are shorter and provide an interim update on developments in key monthly indicators. hide
Reading |
Period: Apr
Previous Reading: 2
Forecast: 5
Actual Reading:
Level of a diffusion index based on surveyed retailers and wholesalers: above 0 indicates higher sales volume, below indicates lower. This is a survey of about 160 retail and wholesale companies which asks respondents to rate the relative level of current sales volume. It's a leading indicator of consumer spending because retailer and wholesaler sales are directly influenced by consumer buying levels.
Reading |
Period: 1 quarter
Previous Reading: 3.4%
Forecast: 2.5%
Actual Reading:
The GDP for the United States is a gauge of the overall output (goods & services) of the US economy on the continental US GDP is the most comprehensive overall measure of economic output and provides key insight into the driving forces of the economy.
GDP Influence On Markets
If the figure increases, then the economy is improving, and thus the dollar tends to strengthen. If the number falls short of expectations or meets the consensus, dollar bearishness may be triggered. This sort of reaction is again tied to interest rates, as traders expect an accelerating economy, consumers will be affected by inflation and consequently interest rates will rise. However, much like the CPI, a negative change in GDP is more difficult to trade; just because the pace of growth has slowed does not mean it has deteriorated. On the other hand, a better than expected number will usually result in the dollar rising as it implicates that a quickly expanding economy will sooner or later require higher interest rates to keep inflation in check. Overall though, the GDP has fallen in significance and its ability to move markets since most of the components of the report are known in advance
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.
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. GDP actually has three releases, as an Advanced, Preliminary, and Final figure. The Advanced figure is released four weeks following the quarter's end. One month later, the Preliminary GDP is released, followed by the Final GDP measure at the end of the quarter following the reporting quarter. As the most timely measure, the Advanced GDP tends to move markets the most.
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