Date
GMT+01:00
Event Previous Forecast Actual
Oct, 06 07:45
★
Industrial Production
Industrial Production
Country:
Date: Oct, 06 07:45
Importance: Low
Previous: -0.4%
Forecast: 0.2%
Actual: -
Period: Aug

Measures the level of production of French industries. French Industrial Production tracks relative changes in the production of goods, excluding energy and food, whether they are sold domestically or abroad. The headline figure is the percentage change in the index from the previous quarter or year.

Industrial Production is highly sensitive to the business cycle, and so can forecast changes in employment, earnings, and personal income. Consequently, Industrial Production is considered a reliable leading indicator of the overall health of the French economy.

-0.4% 0.2% -
Oct, 06 08:00
★
Unemployment Rate
Unemployment Rate
Country:
Date: Oct, 06 08:00
Importance: Low
Previous: 3.1%; 3.0%
Forecast: 3.1%
Actual: -
Period: Sep

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.

3.1%; 3.0% 3.1% -
Oct, 06 09:30
★
Construction PMI
Construction PMI
Country:
Date: Oct, 06 09:30
Importance: Low
Previous: 44.3
Forecast: 45.0
Actual: -
Period: Sep

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.

44.3 45.0 -
Oct, 06 10:00
★
Retail Sales
Retail Sales
Country:
Date: Oct, 06 10:00
Importance: Low
Previous: -0.6%; 0.6%
Forecast: 0.3%
Actual: -
Period: Aug

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.

-0.6%; 0.6% 0.3% -
Oct, 06 13:30
★★
Trade Balance
Trade Balance
Country:
Date: Oct, 06 13:30
Importance: Medium
Previous: -88.6
Forecast: -95.2
Actual: -
Period: Aug

A country's trade balance reflects the difference between exports and imports of goods and services. The trade balance is one of the biggest components of the Balance of Payment, giving valuable insight into pressures on country's currency.

Surpluses and Deficits
A positive Trade Balance (surplus) indicates that exports are greater than imports. When imports exceed exports, the country experiences a trade deficit. Because foreign goods are usually purchased using foreign currency, trade deficits usually reflect currency leaking out of the country. Such currency outflows may lead to a natural depreciation unless countered by comparable capital inflows (inflows in the form of investments, FDI - where foreigners investing in local equity, bond or real estates markets). At a bare minimum, deficits fundamentally weigh down the value of the currency.

Ramifications of Trade Balance on Markets
There are a number of factors that work to diminish the market impact of Trade Balance upon immediate release. The report is not very timely, coming some time after the reporting period. Developments in many of the figure's components are also typically anticipated well beforehand. Lastly, since the report reflects data for a specific reporting month or quarter, any significant changes in the Trade Balance should plausibly have already been felt during that period - and not during the release of data.

However, because of the overall significance of Trade Balance data in forecasting trends in the Forex Market, the release has historically been one of the most important reports out of the any country.

-88.6 -95.2 -