Date

GMT+01:00

Event

Forecast

Actual

May, 21 13:30

★★

Philadelphia Fed Manufacturing Index

Country:
Date:	May, 21 13:30
Importance:	Medium
Previous:	26.7
Forecast:	17.9
Actual:	-
Period:	May

It is a survey conducted by the Philadelphia Fed questioning manufacturers in the Third Federal Reserve District on general business conditions. Conducted since 1968, the "Philly Fed" survey is an established report, valued for its timeliness, scope of coverage and tendency to forecast developments in the market moving ISM Manufacturing figure.

Higher Philadelphia Fed Survey figures indicate a positive outlook from manufacturers suggesting increased production. Higher production contributes to economic growth, which is generally bullish for the dollar.

Results are calculated as the difference between percentage of positive and negative scores; zero acts as the centerline point.

26.7

17.9

May, 21 14:45

★★

ISM Manufacturing

Country:
Date:	May, 21 14:45
Importance:	Medium
Previous:	54.5
Forecast:	54.0
Actual:	-
Period:	May

A monthly index released by the Institute of Supply Management which tracks the amount of manufacturing activity that occurred in the previous month.ISM Manufacuring assesses the state of US industry by surveying executives on expectations for future production, new orders, inventories, employment and deliveries. This data is considered a very important and trusted economic measure. If the index has a value below 50, due to a decrease in activity, it tends to indicate an economic recession, especially if the trend continues over several months. A value substantially above 50 likely indicates a time of economic growth. The values for the index can be between 0 and 100.

Values over 50 generally indicate an expansion, while values below 50 indicate contraction.

54.5

54.0

May, 21 14:45

★★

Final Services PMI

Country:
Date:	May, 21 14:45
Importance:	Medium
Previous:	51.0
Forecast:	51.0
Actual:	-
Period:	May

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.

51.0

May, 21 14:45

★★

Composite PMI

Country:
Date:	May, 21 14:45
Importance:	Medium
Previous:	51.7
Forecast:	-
Actual:	-
Period:	May

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.

51.7

May, 21 15:00

★

Consumer Confidence

Country:
Date:	May, 21 15:00
Importance:	Low
Previous:	-20.6
Forecast:	-21.0
Actual:	-
Period:	May

Consumer confidence is a measure of popular sentiment concerning the Eurozone economy. The figure is derived from a survey that asks thousands of consumers about personal expenditure patterns and inflationary expectations. In general, rising consumer confidence precedes increased consumer spending, which drives both economic growth and inflation. Even though t he Italian economy is heavily driven by its export sector, domestic consumer confidence is an important gauge of overall economic activity and future inflationary pressures.

A headline figure above 50 shows positive consumer sentiment, while a number below 50 shows negative consumer sentiment; the greater the distance, the stronger the sentiment.

-20.6

-21.0