Date
GMT+01:00
Event Previous Forecast Actual
Apr, 16 13:30
★★
Trimmed Core CPI
Trimmed Core CPI
Country:
Date: Apr, 16 13:30
Importance: Medium
Previous: 3.2%
Forecast: 3.2%
Actual: -
Period: Mar
Change in the price of goods and services purchased by consumers, excluding 40% of components with extreme price movements. The Trimmed Mean calculation helps expose the underlying inflation trend through component weighting and anomaly exclusion. Source first released in Dec 2016. Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
3.2% 3.2% -
Apr, 16 13:30
★★
Building Permits
Building Permits
Country:
Date: Apr, 16 13:30
Importance: Medium
Previous: 1518K; 1.9%
Forecast: 1514K
Actual: -
Period: Mar

The number of new building projects authorized for construction. The figure is widely used as an indicator for developments in the housing market, since receiving a permit to build is the first step in the construction process. Thus growth in Building Permits reflects growth in the construction sector. Also, due to the high outlays needed for construction projects, an increase in Building Permits suggests corporate and consumer optimism. Additionally, because leading indicators for the housing market respond quickly to changes in the business cycle, the Building Permit figure can act as a leading indicator for the economy as a whole.

The headline is the seasonally adjusted percentage change in Building Permits from the previous month.

1518K; 1.9% 1514K -
Apr, 16 13:30
★★
Housing Starts
Housing Starts
Country:
Date: Apr, 16 13:30
Importance: Medium
Previous: 1521K; 10.7%
Forecast: 1480K
Actual: -
Period: Mar

Gauges the change in the number of new houses built in the United States. Housing Starts are one of the earliest indicators of the housing market, only trailing Building Permits in timeliness.

Because high outlays are needed to start construction projects, an increase in Housing Starts implies an increase in investment and business optimism. Finally, the Housing Starts figure gives insight into consumer activity, since new home purchases typically require a large investment for consumers. Given such connections to consumer and corporate sentiment, real estate generally leads economic developments. A sharp drop in new home construction is a warning signal of economic slowdown. Conversely, a rebound in the Housing Starts paves the way for economic recovery.

Housing Starts data is differentiated by building types (single family houses, 2 to 4 residence units and 5 or more residence units). The single family housing starts is a more reliable economic indicator than multi family housing starts, as single family house building is driven by demand and consumer confidence, whereas multi family house building is more often motivated by speculative real estate investors. The report headline is expressed in volume of houses built. The figures are in the thousands of units.

1521K; 10.7% 1480K -
Apr, 16 14:15
★★
Industrial Production
Industrial Production
Country:
Date: Apr, 16 14:15
Importance: Medium
Previous: 0.1%
Forecast: 0.4%
Actual: -
Period: Mar

Measures changes in the volume of output produced by the manufacturing, mining, and utility sectors in the USA. Because industrial production is a measure of output volume rather than dollar value, the figure is not distorted by inflation and is considered a more "pure" indicator for US industry. Though industrial production only accounts for a relatively small portion of the GDP, it accounts for most of the volatility in GDP and is considered highly sensitive to changes in interest rate and consumer demand. Therefore understanding trends in this figure are important to forecasting the GDP. High or rising Industrial Production figures suggest increased production and economic expansion. However, uncontrolled levels of production and consumption can spark inflation.

The figure varies significantly month to month due to the fact that seasonal and weather related factors often alter factory production and utility demand. Because of this volatility, the report has limited market impact.

The figure is calculated as a weighted aggregate of goods and reported in headlines as a percent change from previous months.

0.1% 0.4% -
Apr, 16 14:15
Manufacturing Production
Manufacturing Production
Country:
Date: Apr, 16 14:15
Importance: Low
Previous: 0.8%
Forecast: -
Actual: -
Period: Mar

The UK Manufacturing Production index is compiled by the National Statistics Office and measures the level of manufacturing output. It is an important indicator since it measures growth in the country’s manufacturing industry which is a major component of Gross Domestic Product. A low reading is considered bearish for the Sterling.

0.8% - -