Date
GMT+01:00
Event Previous Forecast Actual
May, 31 02:30
★★★
PMI Manufacturing
PMI Manufacturing
Country:
Date: May, 31 02:30
Importance: High
Previous: 47.4
Forecast: -
Actual: -
Period: May

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.

47.4 - -
May, 31 02:30
★★
Non-Manufacturing PMI
Non-Manufacturing PMI
Country:
Date: May, 31 02:30
Importance: Medium
Previous: 41.9
Forecast: -
Actual: -
Period: May

It is a major indicator of the strength of the non-manufacturing sector of China.

41.9 - -
May, 31 06:00
Housing Starts
Housing Starts
Country:
Date: May, 31 06:00
Importance: Low
Previous: 0.927M; 6.0%
Forecast: -
Actual: -
Period: Apr

The Housing Starts figure reflects the rate of growth in housing construction. The number of housing starts is an indicator of the strength of Japan 's construction sector and a leading indicator for the direction of the economy as a whole. Housing Starts respond quickly to changes in the business cycle, promptly slowing at the onset of a recession and growing at the beginning of an economic boom. A high Housing Starts figure is generally bullish for the economy, as it indicates overall economic growth.

The headline figures are the year on year percentage change in value of housing starts, and the value of all houses started for construction that year.

0.927M; 6.0% - -
May, 31 07:00
Trade Balance
Trade Balance
Country:
Date: May, 31 07:00
Importance: Low
Previous: 2.99
Forecast: -
Actual: -
Period: Apr

A country's trade balance reflects the difference between exports and imports of goods and services. The trade balance is one of the biggest components of the Balance of Payment, giving valuable insight into pressures on country's currency.

Surpluses and Deficits
A positive Trade Balance (surplus) indicates that exports are greater than imports. When imports exceed exports, the country experiences a trade deficit. Because foreign goods are usually purchased using foreign currency, trade deficits usually reflect currency leaking out of the country. Such currency outflows may lead to a natural depreciation unless countered by comparable capital inflows (inflows in the form of investments, FDI - where foreigners investing in local equity, bond or real estates markets). At a bare minimum, deficits fundamentally weigh down the value of the currency.

Ramifications of Trade Balance on Markets
There are a number of factors that work to diminish the market impact of Trade Balance upon immediate release. The report is not very timely, coming some time after the reporting period. Developments in many of the figure's components are also typically anticipated well beforehand. Lastly, since the report reflects data for a specific reporting month or quarter, any significant changes in the Trade Balance should plausibly have already been felt during that period - and not during the release of data.

However, because of the overall significance of Trade Balance data in forecasting trends in the Forex Market, the release has historically been one of the most important reports out of the any country.

2.99 - -
May, 31 07:45
Consumer Price Index
Consumer Price Index
Country:
Date: May, 31 07:45
Importance: Low
Previous: 0.4%; 4.8%
Forecast: -
Actual: -
Period: May

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

0.4%; 4.8% - -