Date
GMT+01:00
 Event Previous Forecast Actual
May, 19 00:50
★★
 GDP Deflator
GDP Deflator
Country:
Date: May, 19 00:50
Importance: Medium
Previous: 3.4%
Forecast: 3.1%
Actual: -
Period: 1 quarter

Broad gauge of inflationary pressures. The GDP Deflator is different from the Consumer Price Index in that it does not take into account changes in the prices of imports and tends to underestimate price changes. The Gross Domestic Product Deflator is also untimely, released quarterly about two months after the reporting period. Nonetheless, it is highly correlated with the CPI and a key indicator of inflation. Consequently, the deflator provides insight into the future direction of monetary policy as the Bank of Japan is inclined to raise interest rates when faced with higher inflation.

Specifically the deflator measures the magnitude of changes in prices for all domestically produced final goods. It is the ratio of output in current prices (nominal GDP) to inflation-adjusted output (real GDP). The headline value is the percentage change in the GDP Deflator from the previous quarter.

 3.4% 3.1% -
May, 19 01:30
★
 Westpac Consumer Sentiment
Westpac Consumer Sentiment
Country:
Date: May, 19 01:30
Importance: Low
Previous: 80.1; -12.5%
Forecast: -
Actual: -
Period: May

Consumer Sentiment (or Consumer Confidence) measures the level of confidence households have in economic performance. Generally rising consumer confidence acts as a precursor to higher consumer expenditures which drive economic expansion.

 80.1; -12.5% - -
May, 19 02:30
★★★
 Monetary Policy Meeting Minutes
Monetary Policy Meeting Minutes
Country:
Date: May, 19 02:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
It's a detailed record of the RBA Reserve Bank Board's most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.
 - - -
May, 19 05:30
★
 Industrial Production
Industrial Production
Country:
Date: May, 19 05:30
Importance: Low
Previous: -0.5%; 2.3%
Forecast: -0.5%; 2.3%
Actual: -
Period: Mar

Measures the per volume change in output from mining, quarrying, manufacturing, energy and construction sectors in Japan. Industrial production is significant as a short-term indicator of the strength of Japanese industrial activity. High or rising Industrial Production figures suggest increased production and economic expansion. However, uncontrolled levels of production and consumption can spark inflation.

The report is only a preliminary estimate figure that does not move the markets much. The figure is released in headlines as a monthly percent change.

 -0.5%; 2.3% -0.5%; 2.3% -
May, 19 05:30
★
 Tertiary Industry Index
Tertiary Industry Index
Country:
Date: May, 19 05:30
Importance: Low
Previous: -0.4%
Forecast: -0.3%
Actual: -
Period: Mar

Evaluates the monthly change in output produced by Japan's service sector. Because this report excludes manufacturing and only measures service industries catering mainly to domestic needs, the Tertiary Industry Index is a key indicator of domestic activity. The index incorporates data from firms involved in wholesale and retail trade, financial services, health care, real estate, leisure and utilities. The report excludes industrial manufacturing sectors that tend to be influenced by foreign demand. The tertiary industry index is posted monthly as a percentage change from the previous month's figure.

 -0.4% -0.3% -