Today's announcements and data releases, 04/2/2019
- Economic Calender
- 1 week ago
All times in GMT+7, Jakarta, Bangkok
AUD TD Securities Inflation (MoM) (JAN)
A monthly estimate of inflation in the Australian economy. The report replicates the methodology used by the Australian Bureau of Statistics to calculate quarterly CPI, striving to correspond closely with official government numbers. The figure is important because it acts as a timelier indicator of inflation, coming out monthly instead of the quarterly CPI figures. Released one day before interest rate decisions are made, the figure may influence RBA considerations for rate hikes or reductions. As with any gauge of inflation in Australia , a high value in the figure is bullish for the Australian dollar, since real inflationary pressures are usually met by the Reserve Bank of Australia with bullish rate hikes. The headline figure is the month-over-month or annualized inflation rate.
AUD TD Securities Inflation (YoY) (JAN)
AUD Building Approvals (MoM) (DEC)
The number of domestic building permits granted for the month. Strong growth in new approvals and permits indicates a growing housing market. Because real estate generally leads economic developments - housing tends to thrive at the start of booms and wane at the onset of recession - the figure can be used with others to forecast future growth in the economy as a whole. For this reason Business Approvals is one of eight components used to construct the Conference Board Leading Index, a widely used index to forecast Australia 's economic course. A strong housing market also tends to lead consumer spending. The headline number is the seasonally adjusted percentage change in new building approvals from the previous month.
AUD Building Approvals (YoY) (DEC)
AUD ANZ Job Advertisements (MoM) (JAN)
A monthly report measuring the number of jobs advertised in the major daily newspapers and internet sites in major Australian cities. This release has historically been a good leading indicator of future labor market conditions and therefore an effective tool for forecasting employment growth. The report features two headline numbers, one for newspapers and the other for internet postings, both expressed as a percentage change from the previous month's figures.
CHF Total Sight Deposits CHF (FEB 1)
CHF Domestic Sight Deposits CHF (FEB 1)
EUR Euro-Zone Sentix Investor Confidence (FEB)
GBP Markit/CIPS UK Construction PMI (JAN)
EUR Euro-Zone Producer Price Index (MoM) (DEC)
Measures changes in the selling prices of goods and services used by Euro-zone producers. Because producers tend to pass on higher costs to consumers as higher retail prices, the PPI is an early indicator of inflation. A higher PPI, especially when combined with high figures for other measures of inflation, will make the European Central Bank more inclined to raise interest rates. A low or falling PPI is indicative of declining prices, and may suggest an economic slowdown. The Index headline is expressed as a month over month or annualized percentage change. Note: The Euro-zone PPI excludes construction industry because it is vulnerable to seasonal price volatility that can distort index results.
EUR Euro-Zone Producer Price Index (YoY) (DEC)
USD Factory Orders (DEC)
Dollar volume of new orders, shipments, unfilled orders and inventories as reported by domestic manufacturers. Factor Orders is not a widely watched economic release. The Advance Release on Durable Goods Activity reported one week earlier tends grab more market attention, given that durable goods make up more than half of factory orders. Factor Orders does provide a comprehensive look at the manufacturing sector. Specifically, the New Orders figure can act as a gauge of demand across industries while Shipments are indicative of supply. The Unfilled Orders and Inventory figures reconcile the balance between New Orders and Shipments; high Shipments are indicative of an excess of demand relative to supply, high Inventories signal an excess of supply over demand. Figures are reported in billions of dollars and also in percent change from the previous month.
USD Factory Orders Ex Trans (DEC F)
USD Durable Goods Orders (DEC F)
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 U.S. output to come. Durable Goods are typically sensitive to economic changes. When consumers become skeptical 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. The data is highly volatile as well, some volatility is eliminated with the Durable Goods Orders excluding Transportation figure, making it the more closely watched indicator.
The headline figure is expressed as a percentage change from previous months.
USD Durables Ex Transportation (DEC F)
USD Cap Goods Orders Nondef Ex Air (DEC F)
USD Cap Goods Ship Nondef Ex Air (DEC F)
USD U.S. to Sell 3-Month Bills
USD U.S. to Sell 6-Month Bills