Today's announcements and data releases, 15/4/2019

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  • Economic Calender
  • 9 months ago
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All times in GMT+7, Jakarta, Bangkok



CNY New Home Prices (MoM) (MAR)



AUD RBA Minutes of April Policy Meeting (APR)



NZD Non Resident Bond Holdings (MAR)

The monetary value of bonds held by non residents of New Zealand . Non Resident Bond Holdings measure the willingness of foreigners to finance New Zealand 's economy and government. A high value is indicative of a budget deficit and debt, suggesting that foreign investments are required to finance New Zealand 's continued patterns of spending. The figure is also indicative of demand for the New Zealand Dollar. Because holding New Zealand bonds assumes the benefits and risks of holding New Zealand Dollars, changes in bond holdings can reflect changes in sentiment regarding the New Zealand economy, monetary policy, or political stability. Decreased demand for New Zealand securities reflects foreigners liquidating Kiwi assets, leading to more New Zealand Dollars in the market, thus weakening the New Zealand Dollar. The headline is the percentage of New Zealand government bonds that are held by foreigners.



JPY Tokyo Condominium Sales (YoY) (MAR)


The annualized change in the value of condominiums sold each month within the capital. Although the Tokyo Condominium Sales report focuses on a narrow portion of Japan's housing sector, the figure is timely, coming out just two weeks after the reporting more, and has served as a leading indicator of the direction of the overall housing market. The number is sometimes used to gauge strength in consumer spending.

As a measure of the real estate market, the figure responds quickly to changes in the business cycle, promptly slowing at the onset of a recession and growing at the beginning of an economic boom. Increasing sales are generally bullish for the economy, as they indicate economic growth to come.



JPY Tertiary Industry Index (MoM) (FEB)

Evaluates the monthly change in output produced by Japan's service sector. Japan's economy is very export based, because this report excludes manufacturing and only measures service industries catering mainly to domestic needs, the Tertiary Industry Index is a key indicator of domestic activity. The index incorporates data from firms involved with wholesale and retail trade, financial services, health care, real estate, leisure, and utilities. The report excludes industrial manufacturing sectors that tend to be influenced by foreign demand. The tertiary industry index is posted monthly as a percentage change from the previous month's figure.



GBP Claimant Count Rate (MAR)

The Claimant Count is the UK's most timely measure of unemployment. The report measures the number of people who claim unemployment benefits, but actively seeking work. The Claimant Count serves as a barometer for the health of the UK labor market. Higher job growth accompanies economic expansion and could spark inflationary pressures. The headline number is a percentage change in the figure



GBP Jobless Claims Change (MAR)

Measures the number of people who claim unemployment benefits, but are actively seeking work. Released with the Claimant Count report, Jobless Claims Change serves as a barometer for the health of the UK labor market. It is similar to the Claimant Count except the headline figure is as an actual number, whereas the Claimant Count is a percentage. Higher job growth accompanies economic expansion and could spark inflationary pressures.



GBP Average Weekly Earnings (3M/YoY) (FEB)



GBP Weekly Earnings ex Bonus (3M/YoY) (FEB)



GBP ILO Unemployment Rate 3Mths (FEB)



GBP Employment Change 3M/3M (FEB)



EUR Euro-Zone Construction Output s.a. (MoM) (FEB)

A measure of construction output and activity in the Euro Zone. Increased construction suggests a growing economy as expensive construction outlays reflect consumer and business optimism. The index is commonly used as a business cycle indicator, as the housing market is closely tied to changes in economic growth. There are two headline figures. The current month's figure adjusted for economic fluctuations that occur throughout the year. And the annualized figured including the full year's data.



EUR Euro-Zone Construction Output w.d.a. (YoY) (FEB)



EUR German ZEW Survey Current Situation (APR)



EUR German ZEW Survey Expectations (APR)



EUR Euro-Zone ZEW Survey (Economic Sentiment) (APR)

A German Firm, the Center for European Economic Research (ZEW), queries financial experts throughout Europe every month in order to make a medium-term forecast about Germany 's economic situation. They ask experts to evaluate the current situation and to predict the future direction of the economy. For all components of the survey, responses are restricted to positive, negative, or unchanged. This simple structure allows the survey to be quick and efficient in terms of turnaround time, as well as easy to understand and interpret.The Economic Sentiment Indicator assesses future economic expectations for the whole Euro-zone. The results are summarized as the number of positive responses minus the number of negative responses. A higher headline figure indicates a positive expectation for Euro-zone economy.



CAD International Securities Transactions (Canadian dollar) (FEB)


The difference between imports and exports of goods. Merchandise Trade differentiates itself from Trade Balance because it does not record intangibles like services, only reporting on physical goods. Because exports of tangibles like oil, gold and manufacturing contribute to a large part of Canada 's GDP, trade data can give critical insight into developments in the economy and into foreign exchange rates.

Negative International Merchandise Trade (deficit) indicates that imports of goods are greater than exports. When exports are greater than imports, Canada experiences a trade surplus. Trade surpluses indicate that funds are coming into Canada in exchange for exported goods. Because such exported goods are usually purchased with Canadian dollars, trade surpluses usually reflect currency flowing into Canada, such currency inflows may lead to a natural appreciation of a the Canadian dollar, unless countered by similar capital outflows (Canadian International Securities Transactions tracks such capital flows). At a bare minimum, surpluses will buoy the value of the currency. There are a number of factors that work to diminish the market impact of Canadian Merchandise Trade on markets. The report is not very timely, released about three months after the reporting quarter. Developments in many of the components that comprise the figure are also usually well anticipated. Lastly, since the report reflect data for a specific reporting quarter, any significant changes in the Merchandise Trade should plausibly have been already felt during that quarter and not during the release of data. But because of the overall significance of Trade on Foreign Exchange Rates, the figure has a history of being one of the more important reports out of Canada . The headline figure for trade balance is expressed in millions of Canadian dollars and usually accompanied by a year-on-year percentage change figure.



CAD Manufacturing Sales (MoM) (FEB)



USD Industrial Production (MoM) (MAR)



USD Manufacturing (SIC) Production (MAR)



USD Capacity Utilization (MAR)

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 ECB's Nowotny Speaks at Event in New York City



USD NAHB Housing Market Index (APR)

A timely gauge of home sales and expectations for future home building. Based on a small sample of homebuilders, the Housing Market Index is a timely indicator of future US home sales. However, as the index is not as comprehensive as formal housing reports like new home sales or MBA mortgage applications, the index acts more like a supplemental indicator for predicting housing trends. As such, the NAHB Housing Market Index is still able to provide general insight to where the housing market is heading. Given that new home sales reflect 'big ticket' items that require construction and investment, the housing market is often viewed as an indicator of the direction of the economy as a whole. Growth in the housing market will spur subsequent spending, generating demand for goods and services and the employees who provide them. The report headline is expressed in percentage change from the previous month.