Date
GMT+00:00
Event
Mar, 25 04:30
All Industry Activity Index
All Industry Activity Index
Country:
Date: Mar, 25 04:30
Importance: Low
Previous: -0.4%
Forecast: -
Actual: -
Period: Jan

Evaluates the monthly change in overall production by all sectors of the Japanese economy. The index comprises a variety of industries: service, manufacturing, construction and public sectors are included. The index closely follows Japanese GDP and overall growth figures, providing insight into current levels of Japanese economic expansion. The All Industry Activity Index is posted monthly as a percentage change from the previous month's figure.

Mar, 25 09:00
★★
Ifo Business Climate Index
Ifo Business Climate Index
Country:
Date: Mar, 25 09:00
Importance: Medium
Previous: 98.5
Forecast: -
Actual: -
Period: Mar

The Ifo Business Climate Index is a closely followed leading indicator for economic activity in Germany prepared by the Ifo Institute for Economic Research in Munich. It is based on ca. 7,000 monthly survey responses of firms in manufacturing, construction, wholesaling and retailing. The firms are asked to give their assessments of the current business situation and their expectations for the next six months. They can characterise their situation as "good", "satisfactorily" or "poor" and their business expectations for the next six months as "more favourable", "unchanged" or "more unfavourable". The replies are weighted according to the importance of the industry and aggregated. The balance value of the current business situation is the difference of the percentages of the responses "good" and "poor", the balance value of the expectations is the difference of the percentages of the responses "more favourable" and "more unfavourable". The business climate is a mean of the balances of the business situation and the expectations.

Mar, 25 09:00
★★
Ifo Current Assessment
Ifo Current Assessment
Country:
Date: Mar, 25 09:00
Importance: Medium
Previous: 103.4
Forecast: -
Actual: -
Period: Mar

One of the country's key business sentiment surveys (Ifo - Information and Forschung Survey). The survey is conducted monthly, querying German firms on the current German business climate as well as their expectations for the next six months. As the largest economy in the Eurozone, Germany is responsible for approximately a quarter of the total Eurozone GDP.

Consequently, the German Ifo is a significant economic health indicator for the Eurozone as a whole. Positive readings bode well for the economy, suggesting increased consumer spending and economic growth. Conversely, low Ifo readings may be indicative of economic slowdown.

The index uses 100 as a centerline between positive and negative outlooks; the further the value is from 100 the stronger the sentiment. The survey presents two equally weighted sub-indices: Current Assessment and Business Expectations.

Ifo Current Assessment
Measures current German business conditions, without considering future expectations.

Mar, 25 09:00
★★
IFO - Expectations
IFO - Expectations
Country:
Date: Mar, 25 09:00
Importance: Medium
Previous: 93.8
Forecast: -
Actual: -
Period: Mar

One of the country's key business sentiment surveys (Ifo - Information and Forschung Survey). The survey is conducted monthly, querying German firms on the current German business climate as well as their expectations for the next six months. As the largest economy in the Eurozone, Germany is responsible for approximately a quarter of the total Eurozone GDP. Consequently, the German Ifo is a significant economic health indicator for the Eurozone as a whole. Positive readings bode well for the economy, suggesting increased consumer spending and economic growth. Conversely, low Ifo readings may be indicative of economic slowdown.

The index uses 100 as a centerline between positive and negative outlooks; the further the value is from 100 the stronger the sentiment. The survey presents two equally weighted sub-indices: Current Assessment and Business Expectations.

Ifo Expectations
Based on firms' expectations for the next six months, where firms rate the future outlook as better, same, or worse.

Mar, 25 09:30
High Street Lending
High Street Lending
Country:
Date: Mar, 25 09:30
Importance: Low
Previous: 40.6K
Forecast: -
Actual: -
Period: Feb
Number of new mortgages approved for home purchase by High Street banks during the previous month. High Street banks make up around 65% of total UK mortgage lending. It's a leading indicator of housing market demand – most home purchases are financed with a mortgage, so it provides an excellent gauge of how many qualified buyers are entering the market.
Mar, 25 13:00
Leading indicators
Leading indicators
Country:
Date: Mar, 25 13:00
Importance: Low
Previous: 142.0; 1.6%
Forecast: -
Actual: -
Period: Feb

Movements in these indicators are known to precede larger developments in the rest of the economy.

The Index includes account inventory ratios, machinery orders, stock prices and other leading economic indicators. As the aggregate of many leading indices the Leading Economic Index provides a forecast of the future state of the domestic economy and is thought to predict activity that will occur 6-9 months after the reporting period.

The index operates on a 1-100 scale, where a value lower than 50 means that most indictors are negative and a value higher than 50 means most indicators are positive. In both cases a greater distance from the midpoint (50) means that the indicators are more strongly positive or negative.

Mar, 25 14:00
NBB Business Climate
NBB Business Climate
Country:
Date: Mar, 25 14:00
Importance: Low
Previous: -1.7
Forecast: -
Actual: -
Period: Mar

Assesses overall business environment in a country.

Mar, 25 21:45
★★
Trade Balance
Trade Balance
Country:
Date: Mar, 25 21:45
Importance: Medium
Previous: -914M; -6358M
Forecast: -
Actual: -
Period: Feb

A country's trade balance reflects the difference between exports and imports of goods and services. The trade balance is one of the biggest components of the Balance of Payment, giving valuable insight into pressures on country's currency.

Surpluses and Deficits
A positive Trade Balance (surplus) indicates that exports are greater than imports. When imports exceed exports, the country experiences a trade deficit. Because foreign goods are usually purchased using foreign currency, trade deficits usually reflect currency leaking out of the country. Such currency outflows may lead to a natural depreciation unless countered by comparable capital inflows (inflows in the form of investments, FDI - where foreigners investing in local equity, bond or real estates markets). At a bare minimum, deficits fundamentally weigh down the value of the currency.

Ramifications of Trade Balance on Markets
There are a number of factors that work to diminish the market impact of Trade Balance upon immediate release. The report is not very timely, coming some time after the reporting period. Developments in many of the figure's components are also typically anticipated well beforehand. Lastly, since the report reflects data for a specific reporting month or quarter, any significant changes in the Trade Balance should plausibly have already been felt during that period - and not during the release of data.

However, because of the overall significance of Trade Balance data in forecasting trends in the Forex Market, the release has historically been one of the most important reports out of the any country.

Mar, 25 23:50
Summary of Opinions
Summary of Opinions
Country:
Date: Mar, 25 23:50
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
This report includes the BOJ's projection for inflation and economic growth. It's the primary tool the BOJ uses to communicate their economic and monetary projections to investors.
Mar, 25 23:50
Corporate Service Price Index
Corporate Service Price Index
Country:
Date: Mar, 25 23:50
Importance: Low
Previous: 1.1%
Forecast: -
Actual: -
Period: Feb

Change in the price of services purchased by corporations. It's a leading indicator of consumer inflation - when corporations pay more for services the higher costs are usually passed on to the consumer.

Mar, 26 05:00
BOJ Core CPI
BOJ Core CPI
Country:
Date: Mar, 26 05:00
Importance: Low
Previous: 0.5%
Forecast: -
Actual: -
Period: Feb
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
Mar, 26 09:00
M3 Money Supply
M3 Money Supply
Country:
Date: Mar, 26 09:00
Importance: Low
Previous: 3.8%
Forecast: -
Actual: -
Period: Feb

The broadest measure of money supply in use by Eurozone nations. It includes all currency in circulation, bank deposits, repurchase agreements, debt securities up to 2 years, and the value of money market shares. A larger money supply reduces the purchasing power of the Euro and puts downward pressure on the exchange rate. However, because an increase in M3 leads to price inflation, this figure can also be indicative of the likelihood of future interest rate hikes. The Eurozone M3 is reported in headlines as a percent change from the previous month or as a Three Month Average, which smoothes monthly volatility in the money supply.

Mar, 26 09:00
Private Sector Credit
Private Sector Credit
Country:
Date: Mar, 26 09:00
Importance: Low
Previous: 3.2%
Forecast: -
Actual: -
Period: Feb

Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment.

Mar, 26 12:30
★★
Building Permits
Building Permits
Country:
Date: Mar, 26 12:30
Importance: Medium
Previous: 1345K; 1.4%
Forecast: -
Actual: -
Period: Feb

The number of new building projects authorized for construction. The figure is widely used as an indicator for developments in the housing market, since receiving a permit to build is the first step in the construction process. Thus growth in Building Permits reflects growth in the construction sector. Also, due to the high outlays needed for construction projects, an increase in Building Permits suggests corporate and consumer optimism. Additionally, because leading indicators for the housing market respond quickly to changes in the business cycle, the Building Permit figure can act as a leading indicator for the economy as a whole.

The headline is the seasonally adjusted percentage change in Building Permits from the previous month.

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