Date
GMT+01:00
Event Value
Jul, 18 18:00
Baker Hughes U.S. Rig Count
Baker Hughes U.S. Rig Count
Country:
Date: Jul, 18 18:00
Importance: Low
Previous: 537
Forecast: -
Actual: 544
Period: Jul
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.
544
Jul, 18 18:00
Baker Hughes U.S. Rig Count
Baker Hughes U.S. Rig Count
Country:
Date: Jul, 18 18:00
Importance: Low
Previous: 537
Forecast: -
Actual: 544
Period: Jul
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.
544
Jul, 18 15:00
UoM Inflation Expectations
UoM Inflation Expectations
Country:
Date: Jul, 18 15:00
Importance: Low
Previous: 5.0%; 4.0%
Forecast: -
Actual: 4.4%; 3.6%
Period: Jul
The Michigan Consumer Sentiment Index released by the University of Michigan is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money. Generally speaking, a high reading anticipates positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
4.4%; 3.6%
Jul, 18 15:00
UoM Inflation Expectations
UoM Inflation Expectations
Country:
Date: Jul, 18 15:00
Importance: Low
Previous: 5.0%; 4.0%
Forecast: -
Actual: 4.4%; 3.6%
Period: Jul
The Michigan Consumer Sentiment Index released by the University of Michigan is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money. Generally speaking, a high reading anticipates positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
4.4%; 3.6%
Jul, 18 13:30
★★
Housing Starts
Housing Starts
Country:
Date: Jul, 18 13:30
Importance: Medium
Previous: 1263K; -9.7%
Forecast: 1290K
Actual: 1321K; 4.6%
Period: Jun

Gauges the change in the number of new houses built in the United States. Housing Starts are one of the earliest indicators of the housing market, only trailing Building Permits in timeliness.

Because high outlays are needed to start construction projects, an increase in Housing Starts implies an increase in investment and business optimism. Finally, the Housing Starts figure gives insight into consumer activity, since new home purchases typically require a large investment for consumers. Given such connections to consumer and corporate sentiment, real estate generally leads economic developments. A sharp drop in new home construction is a warning signal of economic slowdown. Conversely, a rebound in the Housing Starts paves the way for economic recovery.

Housing Starts data is differentiated by building types (single family houses, 2 to 4 residence units and 5 or more residence units). The single family housing starts is a more reliable economic indicator than multi family housing starts, as single family house building is driven by demand and consumer confidence, whereas multi family house building is more often motivated by speculative real estate investors. The report headline is expressed in volume of houses built. The figures are in the thousands of units.

1321K; 4.6%
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