Date
GMT+01:00
 Event Previous Forecast Actual
Jun, 03 02:30
★★★
 Gross Domestic Product
Gross Domestic Product
Country:
Date: Jun, 03 02:30
Importance: High
Previous: 0.8%; 2.6%
Forecast: 0.5%
Actual: -
Period: 1 quarter

A comprehensive measure of Australia's overall production and consumption of goods and services. GDP is a significant reportserving as one of the primary indicators of a country's overall economic health.

Robust GDP growth signals a heightened level of economic activity and often a higher demand for the domestic currency. At the same time, economic expansion raises concerns about inflationary pressures which may prompt monetary authorities to increase interest rates. Thus positive GDP readings are generally bullish for the Australian Dollar, while negative readings are generally bearish.

Most production reports that lead to Australian GDP are released before the official GDP number. Therefore, actual GDP figures usually confirm expectations. However, an unexpected release can move markets due to the significance of the figure.

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

The headline figures for GDP are the percentage growth rate from the previous quarter and the annualized percentage change in GDP. Prices used are benchmarked to 1997 prices.

 0.8%; 2.6% 0.5% -
Jun, 03 02:45
★★
 Markit Services PMI
Markit Services PMI
Country:
Date: Jun, 03 02:45
Importance: Medium
Previous: 52.6
Forecast: 52.3
Actual: -
Period: May
The Chinese Markit Services PMI is compiled by questionnaires sent to purchasing executives in over 400 private service sector companies. The panel has been carefully selected to accurately replicate the true structure of the services economy. The Markit Services PMI Index is developed for providing the most up-to-date possible indication of what is really happening in the private sector economy by tracking variables such as sales, employment, inventories and prices. A higher than expected reading should be taken as positive/bullish for the CNY , while a lower than expected reading should be taken as negative/bearish for the CNY.
 52.6 52.3 -
Jun, 03 08:15
★
 PMI Services
PMI Services
Country:
Date: Jun, 03 08:15
Importance: Low
Previous: 47.9
Forecast: -
Actual: -
Period: May

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.

 47.9 - -
Jun, 03 08:15
★
 Composite PMI
Composite PMI
Country:
Date: Jun, 03 08:15
Importance: Low
Previous: 48.7
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.
 48.7 - -
Jun, 03 08:45
★
 PMI Services
PMI Services
Country:
Date: Jun, 03 08:45
Importance: Low
Previous: 49.8
Forecast: -
Actual: -
Period: May

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.

 49.8 - -