Today's announcements and data releases, 28/12/2018
- Economic Calender
- 3 weeks ago
All times in GMT+7, Jakarta, Bangkok
CHF KOF Leading Indicator (DEC)
GBP BBA Loans for House Purchase (NOV)
EUR German Consumer Price Index (MoM) (DEC P)
Assesses changes in the cost of living by measuring changes in the prices of consumer items. The CPI is the headline inflation figure that indicates the strength of domestic inflationary pressures. Simply put, inflation reflects a decline in the purchasing power of the Euro in Germany , where each Euro buys fewer goods and services. CPI is the most popular way to measure changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical German household might purchase. An increase in the index indicates that it takes more Euros to purchase this same set of basic consumer items. The German CPI is significant as one of the primary gauges of inflation. As the largest Euro-zone economy, inflation in Germany will contribute significantly to inflation in the Euro-zone and the behavior of the European Central Bank. High or rising inflation acts as a signal to the ECB to raise interest rates, an action which will result in the strengthening of the Euro. The headline figure for CPI is the percentage change in monthly and annualized percentage term.
EUR German Consumer Price Index (YoY) (DEC P)
USD Advance Goods Trade Balance (NOV)
USD Wholesale Inventories (MoM) (NOV P)
USD Retail Inventories (MoM) (NOV)
USD Chicago Purchasing Manager (DEC)
Monthly measure of the business conditions based on surveys of purchasing managers across Illinois, Indiana and Michigan. Released on the last business day of the reporting month, the report's significance has recently declined, with its only significance being that it precedes the more anticipated ISM report. Subsequently, it is used to predict the ISM report as the Chicago survey retains a high correlation with the broader economic release. Referring to a benchmark of 50, the report is considered to reflect expansion when printing a reading of 50 or higher. Conversely, a reading of 49 and lower would be indicative of contraction.
USD Pending Home Sales (MoM) (NOV)
Tracks residential housing contract activity of existing single-family homes. The Pending Home Sales report is an advanced read on trends in the US housing market. Housing is typically correlated to the overall state of the economy; particularly indicative of economic turning points. A sharp drop in housing demand typically acts as a warning signal of economic slowdown as buyers are reluctant to purchase houses when interest rates are high, disposable income is low, or consumer confidence is low. Conversely, a rebound in the housing market is often a leading indicator of an economic recovery. The report headline is expressed in percentage change in pending home sales from previous month.
USD Pending Home Sales (YoY) (NOV)
USD EIA Working Natural Gas Implied Flow (DEC 21)
USD EIA Natural Gas Storage Change (DEC 21)
USD DOE U.S. Crude Oil Inventories (DEC 21)
USD DOE Cushing OK Crude Inventory (DEC 21)
USD DOE U.S. Gasoline Inventories (DEC 21)
USD DOE U.S. Distillate Inventory (DEC 21)