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Today's announcements and data releases, 23/11/2018

  • Regular
  • Economic Calender
  • 3 months ago
  • 90

All times in GMT+7, Jakarta, Bangkok

 

 

14:00 

EUR German Gross Domestic Product s.a. (QoQ) (3Q F)

 

14:00

EUR German Gross Domestic Product n.s.a. (YoY) (3Q F)

 

14:00

EUR German Gross Domestic Product w.d.a. (YoY) (3Q F)

 

14:00

EUR German Private Consumption (3Q)

Represents household spending on all goods and services. Fluctuations in Private Consumption reflect the country's spending mood. As this figure trends positive it indicates that consumers are stimulating the economy by spending more. However, one cannot size up economic growth solely based on this report. Individuals can increase consumption unsustainably if not matched by income growth. The report is broken down by consumption categories and consumption per inhabitant. When combined with government spending, business capital spending, export less import and public consumption, Private Consumption can be used to calculate GDP. Private Consumption in itself is not very important, but note that it comes out at the same time as the GDP report which typically causes large market movement. The headline is expressed percentage change

 

14:00

EUR German Government Spending (3Q)

Represents public expenditure by the German government. The government budget on spending is determined by fiscal policy. Thus, it is very predictable and rarely, if ever, moves the market upon release. The headline is expressed in millions of Euros. Note: The Government Spending figure comes out with the GDP report

 

14:00

EUR German Capital Investment (3Q)

 

14:00

EUR German Construction Investment (3Q)

Measures total expenditure on buildings and structures in Germany , is a major part of the investment component of GDP. Like any capital expenditure, Construction Investment reflects the economy's overall well-being. Investments are usually made when economic sentiment is positive and investors expect that future economic growth will make their outlays worthwhile. Additionally, increased investment spending is likely to have spillover effects down the line; for instance, machine investment will yield subsequent benefits for productivity. While such effects make Construction Investment useful, the report is not very timely, and thus has limited market impact. The figure is reported as percent change in prices from the previous year. Note: Construction Investment report comes out at the same moment as GDP report

 

14:00

EUR German Domestic Demand (3Q)

Measure of the amount of goods and services sought by German consumers. This sort of consumption is the largest component of GDP and key to German economic growth. Given that Germany is the largest country in the Euro-zone; its economic activity will be reflected in Euro-zone figures and watched by the European Central Bank. Though Germany is traditionally an export driven economy, the strength of domestic demand can determine whether economic slowdown or growth is in the future. Increases in Domestic Demand bode well for the economy, suggesting that consumers will demand and purchase more goods locally, fueling business profits and growth. Such growth indicates the strength of the economy and is bullish for the Euro. Uncontrolled growth, however, can raise inflationary risks. The figure is reported in billion of Euro and also as a percent change

 

14:00

EUR German Exports (3Q)

Goods and services produced domestically that are sold or awaiting sale outside of Germany . The headline number is the percentage change in the Exports value. The value of Exports is an important input in calculations of the Trade Balance, the Current Account and GDP. Exports are rarely considered in isolation. Rather, they are most often analyzed in comparison to Imports. Generally, excess exports indicate a country's goods are seen as desirable abroad, which signals that this country's currency is relatively weak (cheap) compared to that of its trading partners and may appreciate in the future due to robust demand

 

14:00

EUR German Imports (3Q)

Represents German domestic demand for foreign goods. The headline number is the percentage change in the value of imports. The value of imports is an important input in calculations of the Trade Balance, the Current Account and GDP. Imports are rarely considered in isolation. Rather, they are most often analyzed in comparison to Exports. German imports (and exports) are separated by intra-community trade and extra-community trade. Intra-community trade covers trade within the EU member countries while Extra-community trade covers trades with the rest of the world. A strong demand for imports from the Extra-community could lead to a trade deficit that could result in a drop in the currency's value. Note: The import report aggregates the Intra-community trade and Extra-community trade to provide overall import values. The report is seasonally adjusted to avoid confusion caused by month to month volatility in sales

 

15:15

EUR Markit France Manufacturing PMI (NOV P)

 

15:15

EUR Markit France Services PMI (NOV P)

 

15:15

EUR Markit France Composite PMI (NOV P)

 

15:30

EUR Markit/BME Germany Manufacturing PMI (NOV P)

 

15:30

EUR Markit Germany Services PMI (NOV P)

 

15:30

EUR Markit/BME Germany Composite PMI (NOV P)

 

16:00

EUR Markit Eurozone Manufacturing PMI (NOV P)

 

16:00

EUR Markit Eurozone Services PMI (NOV P)

 

16:00

EUR Markit Eurozone Composite PMI (NOV P)

 

19:00

EUR ECB Vice President Luis de Guindos Speaks in Madrid

 

20:30

CAD Retail Sales (MoM) (SEP)

Gauges sales at Canadian retail outlets. The report serves as a direct gauge of consumption and consumer confidence. Retail Trade is one an important leading indicator for Canada and part of the Index of Leading Indicator used to forecast economic developments. An increasing number of sales can signal consumer confidence and growth to come, but higher consumption can also lead to inflationary pressures. The report considers sales for nine categories of retailers: automotive, furniture and electronics, building supplies, food and beverages, pharmaceuticals, clothing and accessories, general merchandise, and miscellaneous

 

20:30

CAD Retail Sales Ex Auto (MoM) (SEP)

 

20:30

CAD Consumer Price Index n.s.a. (MoM) (OCT)

 

20:30

CAD Consumer Price Index (YoY) (OCT)

The key gauge for inflation in Canada . Simply put, inflation reflects a decline in the purchasing power of the Canadian Dollar, meaning each Dollar buys fewer goods and services. CPI is the most obvious way to measure changes in purchasing power - the report tracks changes in the price of a basket of goods and services that a typical Canadian household might purchase. An increase in the index indicates that it takes more Dollars to purchase this same set of basic consumer items. As the most important indicator of inflation in Canada , Consumer Price figures are closely followed by Canada 's central bank. The Bank of Canada has a target inflation band of 1 - 3 % and uses CPI and Core CPI as its principle gauge (the Bank of Canada posts inflation targets and CPI on their homepage). A rising CPI may prompt the central bank to raise interest rates in order to manage inflation and slow economic growth. Higher interest rates make holding the Dollar more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Dollar

 

20:30

CAD Consumer Price Index (OCT)

 

20:30

CAD Consumer Price Index Core (YoY) (OCT)

 

20:30

CAD CPI Core - Median (YoY) (OCT)

 

20:30

CAD CPI Core - Trim (YoY) (OCT)

 

21:00

MXN Economic Activity IGAE (YoY) (SEP)

 

21:45

USD Markit US Manufacturing PMI (NOV P)

 

21:45

USD Markit US Services PMI (NOV P)

 

21:45

USD Markit US Composite PMI (NOV P)