Date
GMT+01:00
Event
May, 14 15:00
Business Inventories
Business Inventories
Country:
Date: May, 14 15:00
Importance: Low
Previous: 0.4%
Forecast: 0.8%
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.

May, 14 15:30
EIA Natural Gas Storage Change
EIA Natural Gas Storage Change
Country:
Date: May, 14 15:30
Importance: Low
Previous: 63
Forecast: 86
Actual: -
Period: May

Weekly report about natural gas storage change in the USA.

May, 14 22:45
FOMC Member John C. Williams Speaks
FOMC Member John C. Williams Speaks
Country:
Date: May, 14 22:45
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -

John C. Williams is President and CEO of the Federal Reserve Bank of San Francisco.

May, 14 23:30
Business NZ Manufacturing Index
Business NZ Manufacturing Index
Country:
Date: May, 14 23:30
Importance: Low
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.

May, 14 23:45
Food Price
Food Price
Country:
Date: May, 14 23:45
Importance: Low
Previous: -0.6%
Forecast: -
Actual: -
Period: Apr

Measures the price change of food and food services purchased by households. Higher food prices can result in economic slowdown because less disposable income will be used for non-food expenditures. Higher food prices can also result in inflation and signal future monetary action.

Higher domestic food prices may also suggest higher food prices internationally. New Zealand 's economy is largely based on producing and exporting agricultural goods and food products. Therefore, the Food Price Index can reflect demand for New Zealand products and for the New Zealand dollar. A higher reading may suggest a strengthening of the Dollar as foreigners pay relatively more for New Zealand 's exports.

The headline number is the percentage change in the index from the previous month.

May, 15 00:50
Domestic Corporate Goods Price Index
Domestic Corporate Goods Price Index
Country:
Date: May, 15 00:50
Importance: Low
Previous: 0.8%; 2.6%
Forecast: ; 3.0%
Actual: -
Period: Apr

A Japanese index that measures the prices of goods created by firms at the producer and wholesaler level in Japan. The Domestic Corporate Goods Price Index (CGPI) tracks changes in supply side prices within the Japanese economy. Changes in the CGPI often precede changes in the overall Consumer Price Index, as input values determine the overall retail values of the consumer goods. Thus, a large increase in the domestic CGPI will lead to a large increase in the overall CPI.

May, 15 07:00
Prelim Machine Tool Orders
Prelim Machine Tool Orders
Country:
Date: May, 15 07:00
Importance: Low
Previous: 28.1%
Forecast: -
Actual: -
Period: Apr

This is a report which measures the change in the total value of new orders placed with machine tool manufacturers.

May, 15 09:00
ECB Economic Bulletin
ECB Economic Bulletin
Country:
Date: May, 15 09:00
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
In 2015 the Economic Bulletin replaced the Monthly Bulletin. The Economic Bulletin is published two weeks after the monetary policy meeting of the Governing Council of the ECB. Issues published after the monetary policy meetings in March, June, September and December provide a comprehensive analysis of economic and monetary developments, including a discussion of the Eurosystem/ECB staff macroeconomic projections for the euro area. Other issues are shorter and provide an interim update on developments in key monthly indicators.
May, 15 13:15
Housing Starts
Housing Starts
Country:
Date: May, 15 13:15
Importance: Low
Previous: 235.9K
Forecast: 243.0K
Actual: -
Period: Apr

Reflects the rate of growth in housing construction. Housing Starts act as an indicator measuring the strength of Canada's construction sector and housing market. Economists also use the figure as a leading indicator for the economy as a whole due to Housing Starts' sensitivity to changes in the business cycle. Housing Starts slow at the onset of a recession and quickly grow at the beginning of an economic boom; consequently, a high Housing Starts figure forecasts strong economic growth.

The headline figure is the percentage change in new home starts.

May, 15 13:30
★★
NY Fed Empire State manufacturing index
NY Fed Empire State manufacturing index
Country:
Date: May, 15 13:30
Importance: Medium
Previous: 11.0
Forecast: 7.3
Actual: -
Period: May

  Survey assessing business conditions and expectations of manufacturing executives in New York . Though the survey is relatively new and New York has a considerably small number of manufacturers, the report has shown a promising correlation to the Philadelphia Fed Index and the market moving ISM Manufacturing Survey. Thus Empire serves as a useful earlier indicator of overall manufacturing in the US .

Results are calculated as the difference between percentage of positive and negative scores; zero acts as the breakeven point. A high figure is bullish for the dollar, indicating positive business sentiment conducive to growth in production. A low or negative number signals poor business conditions.

May, 15 13:30
Manufacturing Shipments
Manufacturing Shipments
Country:
Date: May, 15 13:30
Importance: Low
Previous: 3.6%
Forecast: 3.4%
Actual: -
Period: Mar

CManufacturing Shipments - also known as "shipments of goods of own manufacture" - report the production of goods produced by Canadian establishments in the "Manufacturing Sector (NAICS 31-33)". It measures the Dollar value, not the quantity of manufactured goods produced.

May, 15 13:30
Foreign Securities Purchases
Foreign Securities Purchases
Country:
Date: May, 15 13:30
Importance: Low
Previous: 6.17
Forecast: -
Actual: -
Period: Mar

Summarizes the flow of stocks, bonds, and money market funds to and from Canada.

May, 15 14:15
★★
Industrial Production
Industrial Production
Country:
Date: May, 15 14:15
Importance: Medium
Previous: -0.5%
Forecast: 0.2%
Actual: -
Period: Apr

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.

May, 15 14:15
Manufacturing Production
Manufacturing Production
Country:
Date: May, 15 14:15
Importance: Low
Previous: -0.1%
Forecast: -
Actual: -
Period: Apr

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.

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