Date
GMT+01:00
Event Previous Forecast Actual
Jun, 04 07:30
★★
CPI
CPI
Country:
Date: Jun, 04 07:30
Importance: Medium
Previous: 0.3%; 0.6%
Forecast: 0.3%
Actual: -
Period: May

It is the key gauge for inflation in Switzerland. Simply put, inflation reflects a decline in the purchasing power of the Franc, where each Franc buys fewer goods and services. The CPI calculates the change in the price of a predetermined basket of consumer goods and services. This basket represents the goods and services that an average household will purchase. The figure is compared to those of the previous month as well as the previous year in order to gauge changes to the costs of living on a month to month and year to year basis. The headline number is the percentage change either from the previous month's value or the previous year's value.

As the key indicator of inflation, a rising CPI may prompt the Swiss National Bank to raise interest rates in attempt to manage inflation and slow economic growth. Higher interest rates make holding the Franc more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Franc.

0.3%; 0.6% 0.3% -
Jun, 04 08:00
Unemployment Rate
Unemployment Rate
Country:
Date: Jun, 04 08:00
Importance: Low
Previous: 3.0%; 3.0%
Forecast: 3.0%
Actual: -
Period: May

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.

High unemployment translates into lower average wages and reduced consumer spending. As consumer spending is the majority of total expenditure, rising unemployment often leads to slow economic growth. In addition, high or rising unemployment puts downward pressure on interest rates and leads to a depreciating Franc.

3.0%; 3.0% 3.0% -
Jun, 04 09:30
★★
Construction PMI
Construction PMI
Country:
Date: Jun, 04 09:30
Importance: Medium
Previous: 39.7
Forecast: 40.1
Actual: -
Period: May

The Construction Purchasing Manager's Index (PMI) measures the level of activity among purchasing managers in the construction sector of the economy. Above 50 signals industry expansion; below 50 indicates a contraction. Construction figures are an important indicator of housing demand.

39.7 40.1 -
Jun, 04 10:00
Retail Sales
Retail Sales
Country:
Date: Jun, 04 10:00
Importance: Low
Previous: -0.1%; 1.2%
Forecast: -0.3%
Actual: -
Period: Apr

Gauge for goods sold at retail outlets in the past month. Retail Sales is a leading indicator for the economy. Rising consumer spending fuels economic growth, confirms signals from consumer confidence, and may spark inflationary pressures.

The headline figure is expressed as the percentage change from the same month last year.

-0.1%; 1.2% -0.3% -
Jun, 04 12:30
Challenger Job Cuts
Challenger Job Cuts
Country:
Date: Jun, 04 12:30
Importance: Low
Previous: 83.390K; -20.9%
Forecast: -
Actual: -
Period: May
Change in the number of job cuts announced by employers. It's extremely early data, but historically has limited short-term correlation with overall labor conditions.
83.390K; -20.9% - -