|Feb, 19 15:00||
|NAHB Housing Market Index
NAHB Housing Market Index
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.
|Feb, 19 21:45||
|Producer Price Index
Producer Price Index
In New Zealand, the Producer Price Index measures the average change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.
|1.4% q/q; 1.5% q/q||1.1% q/q; 0.6% q/q||-|
|Feb, 19 23:30||
|MI Leading Index
MI Leading Index
A leading indicator for Australian economic activity calculated by Melbourne Institute.
|Feb, 19 23:50||
The difference between the total value of exports and the total value of imports. A positive figure indicates a trade surplus while a negative value represents a trade deficit. Because Japan 's economy is highly export-led, trade data can give critical insight into developments in Japan 's economy and changes into foreign exchange rates.
A surplus reflects capital flowing into Japan in exchange for Japanese exports, and a deficit means that capital is flowing out of Japan as imports are purchased in larger volumes by Japanese consumers. A trade surplus will act as an appreciating weight on the Yen, whereas a trade deficit will place downward pressure on the Yen's value.
Details in the Trade Balance report itself give useful insight into changing trends regarding Japanese trade. Such developments are especially important for the country, which is an export-oriented economy that has historically experienced large trade surpluses. Any affect on this could have dramatic affect on the domestic economy.
The headline figure for trade balance is expressed in millions of Yen and usually accompanied by a year-on-year percentage change figure.
|-183.6В; -55.3В||171.1В; -1029.5В||-|
|Feb, 20 00:30||
|Wage Cost Index
Wage Cost Index
Measures quarterly changes in Australian wages. Two versions of the Labor Price Index exist: one which includes bonuses, and one which excludes them. The Labor Price Index is similar to the US Employment Cost Index, an early indicator of wages pressure on inflation. An increase in the index suggests rising inflation pressures because firms tend to eventually pass higher labor costs onto consumers in the form of higher prices.
The headline figure is the quarterly percentage change in the Labor Price Index.
Technical note: The index is constructed by combining 8 separate indexes. The 4 wage price indices are:
The 4 non-wage price indices are:
|0.6% q/q; 2.3% y/y||0.6% q/q; 2.3% y/y||-|