Date
GMT+02:00
Event Value
Jan, 24 01:50
Corporate Service Price Index
Corporate Service Price Index
Country:
Date: Jan, 24 01:50
Importance: Low
Previous: 1.2%
Forecast: -
Actual: -
Period: Dec

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.

1.2%
Jan, 24 02:30
Participation Rate
Participation Rate
Country:
Date: Jan, 24 02:30
Importance: Low
Previous: 65.7%
Forecast: 65.7%
Actual: -
Period: Dec

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.

65.7%
Jan, 24 02:30
★★
Part Time Employment Change
Part Time Employment Change
Country:
Date: Jan, 24 02:30
Importance: Medium
Previous: -6.4K; 43.4K
Forecast: -
Actual: -
Period: Dec

Modern award usually defines a part-time employee as an employee who is engaged to work less than an average of 38 ordinary hours per week and whose hours of work are reasonably predictable, with a guaranteed minimum number of hours of work. Work is usually performed on regular days of the week. A part-time employee will usually be entitled to the same employment conditions as a full-time employee, but on a pro rata basis compared to the full-time hours (usually 38 per week) prescribed under the applicable industrial instrument.

-6.4K; 43.4K
Jan, 24 02:30
★★★
Employment Change
Employment Change
Country:
Date: Jan, 24 02:30
Importance: High
Previous: 37.0K
Forecast: 17.3K
Actual: -
Period: Dec

Tracks the number of the employed in Australia . The figure appears in the monthly Labour Force Survey conducted by the Australian Bureau of Statistics. A surge in new employment suggests higher spending potential and budding inflation pressures, which the RBA often counters with rate increases.

The headline figure is the annualized percentage change in employed workers.

37.0K
Jan, 24 02:30
★★★
Unemployment Rate
Unemployment Rate
Country:
Date: Jan, 24 02:30
Importance: High
Previous: 5.1%
Forecast: 5.1%
Actual: -
Period: Dec

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.

5.1%
Jan, 24 02:30
PMI Manufacturing
PMI Manufacturing
Country:
Date: Jan, 24 02:30
Importance: Low
Previous: 52.6
Forecast: 52.7
Actual: -
Period: Jan

A monthly gauge of manufacturing activity and future outlook. The CIPS PMI is comparable to the US ISM survey, similarly 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.

52.6
Jan, 24 04:00
Credit Card Spending
Credit Card Spending
Country:
Date: Jan, 24 04:00
Importance: Low
Previous: 0.4% m/m; 6.1% y/y
Forecast: -
Actual: -
Period: Dec

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

0.4% m/m; 6.1% y/y
Jan, 24 07:00
Leading Indicators
Leading Indicators
Country:
Date: Jan, 24 07:00
Importance: Low
Previous: 99.3
Forecast: -
Actual: -
Period: Nov
This index is designed to predict the direction of the economy, but it tends to have a muted impact because most of the indicators used in the calculation are released previously. There's a revised version of this indicator released about 10 days later, but it's not included for lack of significance. Source changed series from a diffusion index to a composite index as of Jun 2008. Combined reading of 11 economic indicators related to employment, production, new orders, consumer confidence, housing, stock prices, money supply, and interest rate spreads.
99.3
Jan, 24 09:00
GfK Consumer Climate
GfK Consumer Climate
Country:
Date: Jan, 24 09:00
Importance: Low
Previous: 10.4
Forecast: -
Actual: -
Period: Feb

The German group GfK uses this report to show the results of their survey on business consumer confidence in order to gauge the health of the German economy. It is a leading indicator of economic strength.

10.4
Jan, 24 10:00
Unemployment Rate
Unemployment Rate
Country:
Date: Jan, 24 10:00
Importance: Low
Previous: 14.6%
Forecast: -
Actual: -
Period: 4 quarter

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.

14.6%
Jan, 24 10:15
★★
Composite PMI
Composite PMI
Country:
Date: Jan, 24 10:15
Importance: Medium
Previous: 48.7
Forecast: 51.0
Actual: -
Period: Jan
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.
48.7
Jan, 24 10:15
★★
PMI Services
PMI Services
Country:
Date: Jan, 24 10:15
Importance: Medium
Previous: 49.0
Forecast: 50.6
Actual: -
Period: Jan

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.

49.0
Jan, 24 10:15
★★
PMI Manufacturing
PMI Manufacturing
Country:
Date: Jan, 24 10:15
Importance: Medium
Previous: 49.7
Forecast: 50.0
Actual: -
Period: Jan

A monthly guage of manufacturing activity and future outlook. The CIPS PMI is comparable to the US ISM survey, similarly 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.

49.7
Jan, 24 10:30
★★
Composite PMI
Composite PMI
Country:
Date: Jan, 24 10:30
Importance: Medium
Previous: 51.6
Forecast: 51.9
Actual: -
Period: Jan
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.
51.6
Jan, 24 10:30
★★
PMI Services
PMI Services
Country:
Date: Jan, 24 10:30
Importance: Medium
Previous: 51.8
Forecast: 52.2
Actual: -
Period: Jan

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.

51.8
Jan, 24 10:30
★★
PMI Manufacturing
PMI Manufacturing
Country:
Date: Jan, 24 10:30
Importance: Medium
Previous: 51.5
Forecast: 51.6
Actual: -
Period: Jan

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 results are the result of interviews with business executives. Manufacturing is an important sector in Germany , which is why changes in Manufacturing PMI can provide a good indicator to the overall economic condition in Germany as well as Euro-zone. 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.

51.5
Jan, 24 11:00
★★
Composite PMI
Composite PMI
Country:
Date: Jan, 24 11:00
Importance: Medium
Previous: 51.1
Forecast: 51.4
Actual: -
Period: Jan

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.

51.1
Jan, 24 11:00
★★
PMI Services
PMI Services
Country:
Date: Jan, 24 11:00
Importance: Medium
Previous: 51.2
Forecast: 51.5
Actual: -
Period: Jan

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.

51.2
Jan, 24 11:00
★★
PMI Manufacturing
PMI Manufacturing
Country:
Date: Jan, 24 11:00
Importance: Medium
Previous: 51.4
Forecast: 51.5
Actual: -
Period: Jan

The Euro-zone Manufacturing Purchasing Managers Index (PMI) assesses business conditions in the manufacturing sector. Because the manufacturing sector represents nearly a quarter of total Euro-zone GDP, the Euro-zone Manufacturing PMI is both a significant and timely indicator of business conditions and the general health of the economy. Results are quantified in an index in which values above 50 indicate an expected increase of business conditions and values below 50 signal an expected deterioration.

51.4
Jan, 24 11:30
30-Year Bonds Auction
30-Year Bonds Auction
Country:
Date: Jan, 24 11:30
Importance: Low
Previous: 2.677%; 1.43
Forecast: -
Actual: -
Period: Jan
Bonds with the longest maturity.
2.677%; 1.43
Jan, 24 12:00
30-y Bond Auction
30-y Bond Auction
Country:
Date: Jan, 24 12:00
Importance: Low
Previous: 1.60%; 1.72
Forecast: -
Actual: -
Period: Jan
Yields are set by bond market investors, and therefore they can be used to decipher investors' outlook on future interest rates. The bid-to-cover ratio represents bond market liquidity and demand, which can be used to gauge investor confidence.
1.60%; 1.72
Jan, 24 12:00
10-y Bond Auction
10-y Bond Auction
Country:
Date: Jan, 24 12:00
Importance: Low
Previous: 0.68%; 1.71
Forecast: -
Actual: -
Period: Jan
10-y Bond Auction is a leading market demand and profitability indicator. Profit falls compared to the previous auctions generally have a favourable influence on the currency.
0.68%; 1.71
Jan, 24 14:45
★★
Deposit Facility Rate
Deposit Facility Rate
Country:
Date: Jan, 24 14:45
Importance: Medium
Previous: -0.40%
Forecast: -0.40%
Actual: -
Period: Jan

Financial institutions can place surplus funds in the European Central Bank-administered Marginal Lending Facility to be loaned to institutions requiring overnight loans to meet temporary cash shortages. The Deposit Rate is the interest paid to depositors when they place funds with their respective national Central Bank within the Eurosystem.

-0.40%
Jan, 24 14:45
★★
Marginal Lending Facility
Marginal Lending Facility
Country:
Date: Jan, 24 14:45
Importance: Medium
Previous: 0.25%
Forecast: 0.25%
Actual: -
Period: Jan

A mechanism that central banks use when lending funds to primary dealers. Lending facilities provide financial institutions with access to funds in order to satisfy reserve requirements using the overnight lending market. Lending facilities are also used to increase liquidity over longer periods such as by using term auction facilities.

0.25%
Jan, 24 14:45
★★★
ECB Interest Rate Announcement
ECB Interest Rate Announcement
Country:
Date: Jan, 24 14:45
Importance: High
Previous: 0.00%
Forecast: 0.00%
Actual: -
Period: Jan

The European Central Bank's decision to increase, decrease, or maintain interest rates. Controlling interest rates is the key mechanism of monetary policy, and the ECB influences interest rates by first changing the "overnight rate" through the purchase or sale of government bonds. Lowering rates can spur economic growth but may incite inflationary pressures. On the other hand, increasing rates slow inflation but can stymie growth.

The European Central Bank makes a concerted effort to be transparent in its policy. Frequent speeches by Bank Governors make policy goals clear and the Bank adheres to a stated inflation target of 2% changing rates accordingly to meet that goal. Because of this, rate decisions are generally well anticipated, but very important nonetheless.

The ECB's rate decision has an enormous influence on financial markets. Because the ECB interest rate is essentially the return investors receive while holding Euros, changes in rates affect the exchange rate of the Euro.

Because rate changes are usually well anticipated, the actual decision does not tend to impact the market. But if the ECB changes rates they will hold a press conference where some rationale for the decision is offered. Market participants pay close attention to the press conference, hoping to clue in on the likelihood of further rate changes. Often, the language used in the press conference holds important signals to how ECB feels about inflation and the economy. The ECB President's language will be "hawkish" if he is pessimistic about the inflation outlook for the economy. In that case, the market sees a higher chance of future rate hike. Conversely, if the ECB President believes inflation is in check, his remarks will be "dovish," and the market perceives a future rate increase to be unlikely.

0.00%
Jan, 24 15:30
Continuing Claims
Continuing Claims
Country:
Date: Jan, 24 15:30
Importance: Low
Previous: 1737K
Forecast: -
Actual: -
Period: Jan

Continuing claims refers to unemployed workers that qualify for benefits under unemployment insurance. In order to be included in continuing claims, the person must have been covered by unemployment insurance and be currently receiving benefits. Data on unemployment claims is published by the Department of Labor on a weekly basis, allowing for frequent updates on the levels of unemployment.

1737K
Jan, 24 15:30
★★
Unemployment Claims
Unemployment Claims
Country:
Date: Jan, 24 15:30
Importance: Medium
Previous: 213K
Forecast: 212K
Actual: -
Period: Jan

The indicator shows the number of unemployed people in the USA.

213K
Jan, 24 15:30
★★★
ECB Press Conference
ECB Press Conference
Country:
Date: Jan, 24 15:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The European Central Bank press conference following interest rate announcement.

Jan, 24 16:45
Composite PMI
Composite PMI
Country:
Date: Jan, 24 16:45
Importance: Low
Previous: 54.4
Forecast: -
Actual: -
Period: Jan
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.
54.4
Jan, 24 16:45
Final Services PMI
Final Services PMI
Country:
Date: Jan, 24 16:45
Importance: Low
Previous: 54.4
Forecast: 54.1
Actual: -
Period: Jan
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.
54.4
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