Today's announcements and data releases, 14/12/2018
- Economic Calender
- 1 month ago
All times in GMT+7, Jakarta, Bangkok
JPY Capacity Utilization (MoM) (OCT)
Capacity 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.
JPY Industrial Production (MoM) (OCT 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.
JPY Industrial Production (YoY) (OCT F)
EUR German Wholesale Price Index (MoM) (NOV)
Measures 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.
EUR German Wholesale Price Index (YoY) (NOV)
EUR EU 25 New Car Registrations (NOV)
Tracks the number of cars registered for the first time in the Euro Zone. Consumption of expensive items such as automobiles is a large part of EU GDP, thus sales of new motor vehicles and other "big-ticket" items reflect consumers' optimism and propensity to spend. In addition to clues on consumer sentiment, the Euro-zone economy directly benefits from large outlays. Manufacturing, finance and retail all directly gain from higher auto sales. The headlines are the monthly and annual percentage change in the new car registration index.
EUR Markit France Manufacturing PMI (DEC P)
EUR Markit France Services PMI (DEC P)
EUR Markit France Composite PMI (DEC P)
EUR ECB Vice-President Guindos Speaks in Frankfurt
EUR Markit/BME Germany Manufacturing PMI (DEC P)
EUR Markit Eurozone Services PMI (DEC P)
EUR Markit Eurozone Composite PMI (DEC P)
EUR Markit Germany Services PMI (DEC P)
EUR Markit/BME Germany Composite PMI (DEC P)
EUR Markit Eurozone Manufacturing PMI (DEC P)
EUR ECB's Lautenschlaeger Speaks in Frankfurt
EUR Euro-Zone Labour Costs (YoY) (3Q)
USD Retail Sales Advance (MoM) (NOV)
USD Retail Sales Ex Auto (MoM) (NOV)
USD Retail Sales Ex Auto and Gas (NOV)
USD Retail Sales Control Group (NOV)
USD Industrial Production (MoM) (NOV)
USD Capacity Utilization (NOV)
Capacity Utilization measures the extent to which U.S. manufacturing companies make use of their installed productive capacity (factories and machinery). Capacity Utilization reflects overall growth and demand in the economy, rising when the economy is vibrant, and falling when demand softens. High capacity utilization also exerts inflationary pressures as scarce resources are in higher demand. However, it may also lead to new capital investments, such as new plants, that promote growth in the future.
USD Manufacturing (SIC) Production (NOV)
USD Markit US Manufacturing PMI (DEC P)
USD Markit US Services PMI (DEC P)
USD Business Inventories (OCT)
Unsold 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.