Date
GMT+01:00
Event
Sep, 22 07:45
GDP
GDP
Country:
Date: Sep, 22 07:45
Importance: Low
Previous: 0.5% q/q; 1.7% y/y
Forecast: 0.5% q/q; 1.7% y/y
Actual: -
Period: 2 quarter

The Gross Domestic Product is a comprehensive measure of an overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. While GDP announcements generally conform to expectations, unanticipated changes in this metric can move markets.

Robust GDP growth signals a heightened level of economic activity and often a higher demand for the domestic currency. At the same time, economic expansion raises concerns about inflationary pressures which may lead monetary authorities to increase interest rates. Thus better than expected GDP figures are generally bullish for the Euro, while negative readings are generally bearish.

Technically, Gross Domestic Product is calculated in the following way:

GDP = C + I + G + (EX - IM)

where

C = private consumption, I = private investment, G = government expenditure, EX = exports of goods and services, IM = imports of goods and services.

French GDP figures, officially called Quarterly National Accounts, are released quarterly. The headline figures are annualized percentage changes in real and nominal GDP.

Sep, 22 08:00
★★
Flash Composite PMI
Flash Composite PMI
Country:
Date: Sep, 22 08:00
Importance: Medium
Previous: 55.2
Forecast: 55.0
Actual: -
Period: Sep
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.
Sep, 22 08:00
★★
Flash Services PMI
Flash Services PMI
Country:
Date: Sep, 22 08:00
Importance: Medium
Previous: 54.9
Forecast: 54.8
Actual: -
Period: Sep

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.

Sep, 22 08:00
★★
Flash Manufacturing PMI
Flash Manufacturing PMI
Country:
Date: Sep, 22 08:00
Importance: Medium
Previous: 55.8
Forecast: 55.6
Actual: -
Period: Sep

A monthly gauge of manufacturing activity and future outlook. The PMI is based on the opinions of executives in manufacturing companies. Purchasing managers are tasked with gauging future demand and adjusting orders for materials accordingly. The PMI summarizes the opinions of these executives to give a picture of the future of the manufacturing sector. A higher PMI indicates that materials purchases are increasing and that the economic outlook is positive. Alternately, a lower PMI means orders for materials are down and the future outlook is less favorable. By nature, the figure is very sensitive to the business cycle and tends to match growth or decline in the economy as a whole.

The PMI is presented as an index with a value between 1-100.

Sep, 22 08:30
★★
Flash Composite PMI
Flash Composite PMI
Country:
Date: Sep, 22 08:30
Importance: Medium
Previous: 55.8
Forecast: 55.7
Actual: -
Period: Sep
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.
Sep, 22 08:30
★★
Flash Services PMI
Flash Services PMI
Country:
Date: Sep, 22 08:30
Importance: Medium
Previous: 53.5
Forecast: 53.8
Actual: -
Period: Sep

Gauge for the overall performance of the German service sector. The Services PMI interviews German executives on the status of sales, employment, and their outlook. Because the performance of the German 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.
The survey results are quantified into index where 0 represents long-term manufacturing business conditions. The headline figure is expressed in percentage change.

Sep, 22 08:30
★★
Flash Manufacturing PMI
Flash Manufacturing PMI
Country:
Date: Sep, 22 08:30
Importance: Medium
Previous: 59.3
Forecast: 59.0
Actual: -
Period: Sep

Gauge for overall performance of the German manufacturing sector. Through asking executives about sales and employment outlook, the survey strives to provide useful information about the business climate that can lead to developments in employment, output and consumption. The PMI survey is based on the result of interviews with business executives. Manufacturing is an important sector in Germany, which is why changes in Manufacturing PMI serve as a good indicator for the overall economic situation in Germany as well as Eurozone. However, despite the timeliness of the report, Manufacturing PMI is not a big market mover.
The survey results are quantified into index where 0 represents long-term manufacturing business conditions. The headline figure is expressed in percentage change.

Sep, 22 09:00
★★
Flash Composite PMI
Flash Composite PMI
Country:
Date: Sep, 22 09:00
Importance: Medium
Previous: 55.7
Forecast: 55.5
Actual: -
Period: Sep

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.

Sep, 22 09:00
★★
Flash Services PMI
Flash Services PMI
Country:
Date: Sep, 22 09:00
Importance: Medium
Previous: 54.7
Forecast: 54.7
Actual: -
Period: Sep

The Eurozone Services Purchasing Managers Index (PMI) assesses business conditions in the services sector. The figure is based on monthly surveys of executives in Germany, France, Ireland, Italy and Spain. Combined, these countries account for roughly four fifths of total service sector activity in the Eurozone. Since services account for two thirds of total Eurozone GDP, the Services PMI is a significant and timely indicator for the health of the economy. Higher Service PMI levels suggest upward future trends in output and performance of the industry.

The headline figure is reported as an index where 50 reflects the centerline of boom-bust sentiment. A larger divergence from 50 indicates a larger rate of change in business conditions.

Sep, 22 09:00
★★
Flash Manufacturing PMI
Flash Manufacturing PMI
Country:
Date: Sep, 22 09:00
Importance: Medium
Previous: 57.4
Forecast: 57.2
Actual: -
Period: Sep
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. Survey of about 3000 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Jun 2007, is the earliest and thus tends to have the most impact.
Sep, 22 09:30
★★★
ECB President Mario Draghi Speaks
ECB President Mario Draghi Speaks
Country:
Date: Sep, 22 09:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: Sep

Mario Draghi is an Italian banker and economist who succeeded Jean-Claude Trichet as President of the European Central Bank on 1 November 2011.

Sep, 22 10:30
★★★
ECB President Mario Draghi Speaks
ECB President Mario Draghi Speaks
Country:
Date: Sep, 22 10:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: Sep

Mario Draghi is an Italian banker and economist who succeeded Jean-Claude Trichet as President of the European Central Bank on 1 November 2011.

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