Date
GMT+00:00
Event
Feb, 22 00:30
★★
Construction Work Done
Construction Work Done
Country:
Date: Feb, 22 00:30
Importance: Medium
Previous: -4.9%q/q
Forecast: 0.5% q/q
Actual: -
Period: 4 quarter
The estimate for total construction work done. The estimate is published some time after the house-foundations laying data release and serves as a GDP indicator.
Feb, 22 00:30
★★
Wage Price Index
Wage Price Index
Country:
Date: Feb, 22 00:30
Importance: Medium
Previous: 0.4% q/q; 1.9% y/y
Forecast: 0.5% q/q; 1.9% y/y
Actual: -
Period: 4 quarter
The Wage Price Index measures the change in the price businesses and the government pay for labor, excluding bonuses. It is a leading indicator of consumer price inflation. A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.
Feb, 22 02:00
Credit Card Spending
Credit Card Spending
Country:
Date: Feb, 22 02:00
Importance: Low
Previous: 3.1% m/m; 8.5% y/y
Forecast: -
Actual: -
Period: Jan

Shows a change in the total expenditure made via credit cards.

Feb, 22 09:00
★★
Ifo Business Climate
Ifo Business Climate
Country:
Date: Feb, 22 09:00
Importance: Medium
Previous: 109.8
Forecast: 109.6
Actual: -
Period: Feb

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.

Feb, 22 09:00
★★
IFO - Current Assessment
IFO - Current Assessment
Country:
Date: Feb, 22 09:00
Importance: Medium
Previous: 116.9
Forecast: 116.7
Actual: -
Period: Feb

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 Euro-zone, Germany is responsible for approximately a quarter of the total Euro-Zone GDP.

Consequently, the German IFO is a significant economic health indicator for the Euro-zone 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.

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

Feb, 22 09:00
★★
IFO - Expectations
IFO - Expectations
Country:
Date: Feb, 22 09:00
Importance: Medium
Previous: 103.2
Forecast: 103.0
Actual: -
Period: Feb

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.

Feb, 22 09:00
★★
Credit Suisse ZEW Survey (Expectations)
Credit Suisse ZEW Survey (Expectations)
Country:
Date: Feb, 22 09:00
Importance: Medium
Previous: 18.5
Forecast: -
Actual: -
Period: Feb
A leading indicator of economic health, based on expectations of institutional investors and analysts. Level above zero reflects the prevalence of optimism, below - pessimism. Exceeding the previous level or the prognosis is favorable for the currency converter.
Feb, 22 09:00
Consumer Price Index
Consumer Price Index
Country:
Date: Feb, 22 09:00
Importance: Low
Previous: 0.2% m/m; 0.9% y/y
Forecast: 0.2% m/m; 0.9% y/y
Actual: -
Period: Jan

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 Italy , 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 Italian household might purchase. An increase in the index indicates that it takes more Euros to purchase the same set of basic consumer items.

Feb, 22 09:00
Harmonized CPI
Harmonized CPI
Country:
Date: Feb, 22 09:00
Importance: Low
Previous: -2.0% m/m; 0.7% y/y
Forecast: -2.0% m/m; 0.7% y/y
Actual: -
Period: Jan

The Harmonized Index of Consumer Prices (HICP) reflects changes in the prices of consumer goods and services in a specified period of time. The HICP measures changes of the average price level for goods and services that households consume (the fixed consumer basket). HICP is pure price index. It does not reflect the changes in buying or consumption patterns, brands, and does not reflect the effect of outlet and service provider substitution.

Feb, 22 09:30
Index of Services
Index of Services
Country:
Date: Feb, 22 09:30
Importance: Low
Previous: 1.0% 3m/3m; 0.3% m/m
Forecast: 0.8% 3m/3m; 0.1% m/m
Actual: -
Period: Dec

The index tracks activity in services sector.

Feb, 22 09:30
★★
Business Investment
Business Investment
Country:
Date: Feb, 22 09:30
Importance: Medium
Previous: 0.4% q/q; -2.2% y/y
Forecast: 0.0% q/q; 0.2% y/y
Actual: -
Period: 4 quarter

The change in capital expenditures made by private firms. Businesses only invest when they are optimistic about future economic growth and expect a profitable return on their investments. Because of this, increased capital expenditures usually reflect a higher level of consumer demand that induces companies to expand their productive capacity. Current Business Investment usually allow for higher GDP in the future. For these reasons Business Investment may lead economic growth.

The headline number is the percentage change in investment from the previous quarter.

Feb, 22 09:30
★★
Second Estimate GDP
Second Estimate GDP
Country:
Date: Feb, 22 09:30
Importance: Medium
Previous: 0.6% q/q; 2.2% y/y
Forecast: 0.6% q/q; 2.2% y/y
Actual: -
Period: 4 quarter
Change in the inflation-adjusted value of all goods and services produced by the economy. It's the broadest measure of economic activity and the primary gauge of the economy's health.
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