Date
GMT+01:00
Event Previous Forecast Actual
May, 15 07:45
Consumer Price Index
Consumer Price Index
Country:
Date: May, 15 07:45
Importance: Low
Previous: 0.6%; 0.8%
Forecast: 0.6%; 0.8%
Actual: -
Period: Apr

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.

0.6%; 0.8% 0.6%; 0.8% -
May, 15 10:00
★★
GDP revised
GDP revised
Country:
Date: May, 15 10:00
Importance: Medium
Previous: 0.4%; 1.2%
Forecast: 0.4%; 1.2%
Actual: -
Period: 1 quarter

An indicator for broad overall growth in the Eurozone. Robust GDP growth signals a heightened level of economic activity, and therefore a high demand for currency. Economic expansion also raises concerns about inflationary pressure, which generally prompts monetary authorities to increase interest rates. This means that positive GDP readings are generally bullish for a given currency, while negative readings are bearish.

Due to the untimeliness of this report and because data on GDP components are available beforehand, the actual GDP figure is usually well anticipated. But given its overall significance GDP has the tendency to move the market upon release, acting to confirm or upset economic expectations. Robust GDP growth signals a heightened level of activity that is generally associated with a healthy economy. However economic expansion also raises concerns about inflationary pressures which may lead to monetary policy tightening.

The headline figure for GDP is an annualized percentage growth rate.

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

Technical note : GDP is the total market value of goods and services produced in the Eurozone within a given period after deducting the cost of goods and services used up in the process of production. Therefore, GDP excludes intermediate goods and services and considers final aggregates only.

0.4%; 1.2% 0.4%; 1.2% -
May, 15 10:00
Employment Change
Employment Change
Country:
Date: May, 15 10:00
Importance: Low
Previous: 0.1%; 0.7%
Forecast: 0.1%
Actual: -
Period: 1 quarter

Tracks the number of the employed in the country. A surge in new employment suggests higher spending potential and budding inflation pressures.

0.1%; 0.7% 0.1% -
May, 15 10:00
Industrial Production
Industrial Production
Country:
Date: May, 15 10:00
Importance: Low
Previous: 1.1%; 1.2%
Forecast: 1.7%
Actual: -
Period: Mar

Measures the volume change of output of the manufacturing and energy sector. The industrial sector contributes to only a quarter of the Eurozone GDP. However, most variations in the GDP come from the industrial sector, whereas other sectors that contribute far more to national output historically have been very consistent regardless of economic cycles. That is why tracking industrial production is very important for forecasting GDP changes.

Note: The Industrial Production figure can be adjusted for the number of working days in the given time period and/or seasonally to account for weather related changes in production.

1.1%; 1.2% 1.7% -
May, 15 13:15
Housing Starts
Housing Starts
Country:
Date: May, 15 13:15
Importance: Low
Previous: 214.155K
Forecast: 234.000K
Actual: -
Period: Apr

Reflects the rate of growth in housing construction. Housing Starts act as an indicator measuring the strength of Canada's construction sector and housing market. Economists also use the figure as a leading indicator for the economy as a whole due to Housing Starts' sensitivity to changes in the business cycle. Housing Starts slow at the onset of a recession and quickly grow at the beginning of an economic boom; consequently, a high Housing Starts figure forecasts strong economic growth.

The headline figure is the percentage change in new home starts.

214.155K 234.000K -