Economic Calendar from InstaForex |
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Time | Country | Indices | Actual |
18:00 | Baker Hughes U.S. Rig Count | 605 | |
Period: May Previous Reading: 613 Forecast: Actual Reading: 605 The Baker Hughes rig count is an important business barometer for the oil drilling industry. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for oil products. hide |
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15:00 | ISM Services PMI | 49.4 | |
Period: Apr Previous Reading: 51.4 Forecast: 52.0 Actual Reading: 49.4 ISM index for the non-manufacturing sector, a value below 50 indicates a decrease in activity compared to the previous month, above - about growth. hide |
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14:45 | Composite PMI | 51.3 | |
Period: Apr Previous Reading: 50.9 Forecast: 50.9 Actual Reading: 51.3 An index level of 50 denotes no change since the previous month, while a level above 50 signals an increase or improvement, and below 50 indicates a decrease or deterioration. hide |
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14:45 | Final Services PMI | 51.3 | |
Period: Apr Previous Reading: 50.9 Forecast: 50.9 Actual Reading: 51.3 It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy. Above 50.0 indicates industry expansion, below indicates contraction. The 'Previous' listed is the 'Actual' from the Flash release and therefore the 'History' data will appear unconnected. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release is the earliest and thus tends to have the most impact. hide |
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14:30 | Composite PMI | ||
Period: Apr Previous Reading: 47.0 Forecast: Actual Reading: The Eurozone Composite Purchasing Managers Index (PMI) assesses business conditions in manufacturing, construction and service sectors. The Eurozone PMI is both a significant and timely indicator of business conditions and the general health of the economy. Close correlation with the business cycle, assessed on the basis of long-term statistical data, allows to use the PMI indicator for prognosis of future GDP volumes. The PMI indices are based on selected panels of executives in companies who report each month on real events. The subindex of intangibles sector - PMI services - is of more importance because in industrialized countries around 70% of GDP is generated in non-manufacturing sector. hide |
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14:30 | PMI Services | ||
Period: Apr Previous Reading: 46.4 Forecast: Actual Reading: Gauge for the overall performance of the country's service sector. The Services PMI interviews executives on the status of sales, employment, and their outlook. Because the performance of the country's service sector is extremely consistent over time, services does not impact final GDP figures as much as the more volatile figure on the manufacturing sector. For this reason Services PMI usually causes little market movement. The survey results are quantified and presented as an index on a 1-100 scale. The headline figure is the percentage change in the index. hide |
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13:30 | Participation rate | 62.7% | |
Period: Apr Previous Reading: 62.7% Forecast: Actual Reading: 62.7% A measure of the active portion of an economy's labor force. The participation rate refers to the number of people who are either employed or are actively looking for work. The number of people who are no longer actively searching for work would not be included in the participation rate. During an economic recession, many workers often get discouraged and stop looking for employment, as a result, the participation rate decreases. The participation rate is an important metric to note when looking at unemployment data because unemployment figures reflect the number of people who are looking for jobs but are unable to secure employment. hide |
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13:30 | Average Hourly Earnings | 0.2%; 3.9% | |
Period: Apr Previous Reading: 0.4%; 4.1% Forecast: 0.3%; 4.0% Actual Reading: 0.2%; 3.9% An indicator of how the average level of pay is changing. The Average Hourly Earnings figure provides insight into future spending and inflation. A High Average Hourly Earnings bodes well for future consumption, as workers have more disposable income. High figures may indicate inflationary pressures due to employee's additional potential to spend. The figure is either measured in hourly or weekly averages or as a percent change from the previous month. hide |
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13:30 | Change in Private Payrolls | 167K | |
Period: Apr Previous Reading: 243K Forecast: 180K Actual Reading: 167K Private Nonfarm Payrolls measures the change in the number of total payrolls in any business, excluding general government employees, private household employees, employees of nonprofit organizations that provide assistance to individuals and farm employees. hide |
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13:30 | Unemployment Rate | 3.9% | |
Period: Apr Previous Reading: 3.8% Forecast: 3.8% Actual Reading: 3.9% The percentage of individuals in the labor force who are without a job but actively seeking one. A higher Unemployment Rate is generally a drain on the economy. Not only does it mean that resources are not being fully utilized, but it also results in lower consumer spending as there are fewer workers receiving paychecks. Note: The unemployment rate generally moves slowly, so changes of only a few tenths of a percent are still considered significant. Also note that the unemployment rate does not account for discouraged workers. Therefore, in an economically depressed environment, such as that which occurred in Cold War era East Germany, the Unemployment Rate may not accurately reflect the extent of problems. hide |