Date
GMT+01:00
Event Previous Forecast Actual
May, 15 15:00
Business Inventories
Business Inventories
Country:
Date: May, 15 15:00
Importance: Low
Previous: 0.2%
Forecast: 0.2%
Actual: -
Period: Mar

Unsold goods held by manufacturers, wholesalers and retailers. Business Inventories are often able to show economic turning points. A significant decrease in inventories implies that the economy is on the verge of rapid growth because stockrooms for businesses are empty and need to be replenished, which triggers higher production overall.

Inventories are also useful when examined in conjunction with total business sales. Rising inventories paired with slackening business sales are indicative of troubled economic times. When business sales slow down, retailers' inventories increase and they are forced cut back on wholesale orders. Wholesalers, affected by the fear of swelling inventories, will slow or even shut down production in factories.

Recent technological advancements allow firms to manage inventories more efficiently, keeping inventory levels lower. Accordingly, declines in inventory stores are often indicative of productivity increases rather than changes in demand. But these logistical advances put particular emphasis on growing inventories. Increases in stocks of goods signal declining demand in America .

While the Business Inventories figure is released with the Advanced Retail Sales report, the Advanced Retail Sales report features a lag time of merely two weeks. The Business Inventories' lag time is three times as long, making it an indicator that follows rather than leads the overall pace of the economy. Market participants tend to focus more on the Advanced Retail Sales figures.

The headline number is expressed as a percentage change from the previous month.

0.2% 0.2% -
May, 15 15:00
NAHB Housing Market Index
NAHB Housing Market Index
Country:
Date: May, 15 15:00
Importance: Low
Previous: 40
Forecast: 40
Actual: -
Period: May

A timely gauge of home sales and expectations for future home building. Based on a small sample of homebuilders, the Housing Market Index is a timely indicator of future US home sales. However, as the index is not as comprehensive as formal housing reports like new home sales or MBA mortgage applications, the index acts more like a supplemental indicator for predicting housing trends.

As such, the NAHB Housing Market Index is still able to provide general insight to where the housing market is heading. Given that new home sales reflect 'big ticket' items that require construction and investment, the housing market is often viewed as an indicator of the direction of the economy as a whole. Growth in the housing market will spur subsequent spending, generating demand for goods and services and the employees who provide them.

The report headline is expressed in percentage change from the previous month. The NAHB Housing Market Index divides the Single-Family Sales data into three categories: Present, Next 6 Months and Prospective Buyers Traffic.

40 40 -
May, 15 15:30
EIA Natural Gas Storage Change
EIA Natural Gas Storage Change
Country:
Date: May, 15 15:30
Importance: Low
Previous: 104
Forecast: -
Actual: -
Period: May

Weekly report about natural gas storage change in the USA.

104 - -
May, 15 23:30
★★
Business NZ Manufacturing Index
Business NZ Manufacturing Index
Country:
Date: May, 15 23:30
Importance: Medium
Previous: 53.2
Forecast: -
Actual: -
Period: Apr

Индикатор активности в производстве. Аналог Manufacturing PMI. Показывает улучшение (>50) или ухудшение (<50) ситуации в сравнении с предыдущим месяцем. Рост показателя либо превышение прогноза благоприятны для валюты.

53.2 - -
May, 16 00:50
★★★
Gross Domestic Product
Gross Domestic Product
Country:
Date: May, 16 00:50
Importance: High
Previous: 0.7%; 2.2%
Forecast: -0.1%
Actual: -
Period: 1 quarter

A comprehensive measure of Japan's overall production and consumption of goods and services. GDP is a significant report in FX Market, serving 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 Yen, while negative readings are generally bearish.

Most production reports that lead to Japanese 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.

0.7%; 2.2% -0.1% -