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Today's announcements and data releases, 12/12/2018

  • Regular
  • Economic Calender
  • 3 months ago
  • 38

All times in GMT+7, Jakarta, Bangkok

 

 

 

17:00

EUR Euro-Zone Industrial Production s.a. (MoM) (OCT)

Measures 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.

 

17:00

EUR Euro-Zone Industrial Production w.d.a. (YoY) (OCT)

 

19:00

USD MBA Mortgage Applications (DEC 7)

Gauges demand for mortgage application in the US . Tracking new home mortgages and refinances, MBA Mortgage Applications Survey serves at a current indicator for the US housing market. Growth in mortgages suggests a healthy housing market. Due to the multiplier effect housing has on the rest of the economy, rising activity suggests increased household income and economic expansion. The headline figure is the weekly percentage change in the MBA Mortgage Applications figure. Among the various indices measured in the survey, the purchase index and refinancing index most accurately reflect where the housing market is headed. The purchasing index measures the change in existing home sales in all mortgage applications, while the refinance index measures the mortgage refinancing activity in all mortgage applications.

 

20:30

CAD Teranet/National Bank HP Index (NOV)

 

20:30

CAD Teranet/National Bank HPI (MoM) (NOV)

 

20:30

CAD Teranet/National Bank HPI (YoY) (NOV)

 

20:30

CAD Capacity Utilization Rate (3Q)

Measures the extent to which Canadian manufacturing companies make use of their productive capacity (factories and machinery). Capacity Utilization Rates act as an indicator of overall demand in the economy. High Capacity Utilization Rates reflect that resources are in high demand, and this exerts inflationary pressures. High Capacity Utilization Rates may also lead to new capital investments, such as new plants and equipment that promote growth in the future. The headline figure is reported as the ratio of actual production to potential production.

Note: The data is gathered from the Capital and Repairs Expenditure survey. Unlike some of the other surveys done by Statistics Canada , this survey is not mandatory.

 

20:30

USD Consumer Price Index (MoM) (NOV)

CPI assesses changes in the cost of living by measuring changes consumer pay for a set of items. CPI serves as the headline figure for inflation. Simply put, inflation reflects a decline in the purchasing power of the 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 a typical American household might purchase. An increase in the Consumer Price Index indicates that it takes more dollars to purchase the same set basket of basic consumer items. Inflation is generally bad news for the economy, causing instability, uncertainty and hardship. To address inflation, the Fed may raise interest rates. However, the Fed relies on the PCE Deflator as its primary gauge of inflation because the CPI does not account for the ability of consumer to substitute out of CPI's set. Price changes tend to cause consumers to switch from buying one good to a less expensive-other, a tendency that the fixed-basket CPI figure does not yet account for. Given that the PCE Deflator is a more comprehensive calculation, based on changes in consumption; it is the figure the Fed prefers. The figure is released monthly, as either a month over month annualized percentage change, or percentage change for the full year. The figure is seasonally adjusted to account seasonal consumption patterns. On A Technical Note: The CPI includes over 200 categories of goods and services included, divided into 8 main groups, each with a different weight: Housing, Transportation, Food, Medical Care, Education and Communication, Recreation, Apparel, and Other Goods and Services.

 

20:30

USD Consumer Price Index (YoY) (NOV)

 

20:30

USD Consumer Price Index Ex Food and Energy (MoM) (NOV)

 

20:30

USD Consumer Price Index Ex Food and Energy (YoY) (NOV)

 

20:30

USD Consumer Price Index n.s.a. (NOV)

 

20:30

USD Consumer Price Index Core Index s.a. (NOV)

 

20:30

USD Real Avg Weekly Earnings (YoY) (NOV)

 

20:30

USD Real Avg Hourly Earning (YoY) (NOV)

 

21:00

MXN Industrial Production NSA (YoY) (OCT)

 

22:30

USD DOE U.S. Crude Oil Inventories (DEC 7)

 

22:30

USD DOE Cushing OK Crude Inventory (DEC 7)

 

22:30

USD DOE U.S. Gasoline Inventories (DEC 7)

 

22:30

USD DOE U.S. Distillate Inventory (DEC 7)