Date
GMT+01:00
Event
May, 07 00:50
Monetary Base
Monetary Base
Country:
Date: May, 07 00:50
Importance: Low
Previous: -11.6%
Forecast: -10.5%
Actual: -
Period: Apr

The monetary base is the volume of money in the economy. It consists of the currency (banknotes and coins) in circulation and the commercial banks reserves in the Central Bank.

May, 07 00:50
Monetary Policy Meeting Minutes
Monetary Policy Meeting Minutes
Country:
Date: May, 07 00:50
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
The Bank of Japan publishes the summary from its monthly monetary policy meetings some time after the actual meeting. These meetings are held to review economic developments inside and outside of Japan and decide the central bank’s monetary policy. The minutes usually come out late, at least a month after the meeting, but give detailed insight into the Bank of Japan’s monetary policy decision making process.
May, 07 02:30
Goods Trade Balance
Goods Trade Balance
Country:
Date: May, 07 02:30
Importance: Low
Previous: 5.69
Forecast: 4.38
Actual: -
Period: Mar
Since July 2015, the US Bureau of Economic Analysis has started publishing preliminary estimate of goods trade balance. This release will be 4-7 earlier than trade balance data. Growth in the reading favors the US dollar.
May, 07 07:00
Factory Orders
Factory Orders
Country:
Date: May, 07 07:00
Importance: Low
Previous: 0.9%; 3.5%
Forecast: 1.1%
Actual: -
Period: Mar

Dollar volume of new orders, shipments, unfilled orders and inventories as reported by domestic manufacturers. Factory Orders is not a widely watched economic release.

Factor Orders does provide a comprehensive look at the manufacturing sector. Specifically, the New Orders figure can act as a gauge of demand across industries while Shipments are indicative of supply. The Unfilled Orders and Inventory figures reconcile the balance between New Orders and Shipments; high Shipments are indicative of an excess of demand relative to supply, high Inventories signal an excess of supply over demand.

Figures are reported in billions of dollars and also in percent change from the previous month.

On a Technical Note: The New Orders figure measures the value of orders received by manufacturers for new products from both domestic and foreign sources. The total value of products shipped is calculated in Shipments while Unfilled Orders measures the value of goods backlogged for order but not yet shipped. Lastly, Inventories gauges the amount of unsold goods held by manufacturers.

May, 07 07:45
Trade Balance
Trade Balance
Country:
Date: May, 07 07:45
Importance: Low
Previous: -5.8
Forecast: -6.7
Actual: -
Period: Mar

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.

May, 07 08:00
Foreign Currency Reserves
Foreign Currency Reserves
Country:
Date: May, 07 08:00
Importance: Low
Previous: 721
Forecast: -
Actual: -
Period: Apr

This is the amount of foreign currency reserves that are held by the Central Bank of a country. In general use, foreign currency reserves also include gold and IMF reserves. Also, people may take into account liquid assets that can easily be converted into foreign currency.

May, 07 08:00
Unemployment Rate
Unemployment Rate
Country:
Date: May, 07 08:00
Importance: Low
Previous: 3.0%; 3.0%
Forecast: 3.0%
Actual: -
Period: Apr

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.

May, 07 09:30
★★
Construction PMI
Construction PMI
Country:
Date: May, 07 09:30
Importance: Medium
Previous: 45.6
Forecast: 46.2
Actual: -
Period: Apr

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.

May, 07 10:00
Retail Sales
Retail Sales
Country:
Date: May, 07 10:00
Importance: Low
Previous: -0.2%; 1.7%
Forecast: -0.3%; 1.0%
Actual: -
Period: Mar

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.

May, 07 12:30
Challenger Job Cuts
Challenger Job Cuts
Country:
Date: May, 07 12:30
Importance: Low
Previous: 60.620K; -78.0%
Forecast: -
Actual: -
Period: Apr
Change in the number of job cuts announced by employers. It's extremely early data, but historically has limited short-term correlation with overall labor conditions.
May, 07 13:30
★★
Unemployment Claims
Unemployment Claims
Country:
Date: May, 07 13:30
Importance: Medium
Previous: 189K
Forecast: 205K
Actual: -
Period: May

The indicator shows the number of unemployed people in the USA.

May, 07 13:30
Continuing Claims
Continuing Claims
Country:
Date: May, 07 13:30
Importance: Low
Previous: 1785K
Forecast: 1800K
Actual: -
Period: May

Continuing claims refers to unemployed workers that qualify for benefits under unemployment insurance. In order to be included in continuing claims, the person must have been covered by unemployment insurance and be currently receiving benefits. Data on unemployment claims is published by the Department of Labor on a weekly basis, allowing for frequent updates on the levels of unemployment.

May, 07 13:30
Non-Farm Productivity
Non-Farm Productivity
Country:
Date: May, 07 13:30
Importance: Low
Previous: 1.8%
Forecast: 0.7%
Actual: -
Period: 1 quarter

Measures the output produced for each hour of labor worked. Non-farm Productivity is considered the most accurate gauge of overall business health, given farming data's small and volatile contribution to GDP. To businesses, higher productivity indicates efficient use of employees and capital. Given that labor costs make up more than two-thirds of the average businesses expenses, high productivity can allow a firm to fulfill consumer demand with less labor costs, boosting profitability. Thus trends in this report can precede investment spending and business growth. Also if prices for raw materials increase, improved productivity can save a firm from passing higher costs to the end consumer. Given such business effects, healthy productivity growth bodes well for the economy as a whole, signalling increased production capability and business growth.

Productivity is reported as output per hour per worker, categorized into industry figures.

On a Technical Note: The Non-Farm Productivity number is generated by comparing the number of hours worked (Employment Situation report) to Gross Domestic Product data.

May, 07 13:30
Labor Cost
Labor Cost
Country:
Date: May, 07 13:30
Importance: Low
Previous: 4.4%
Forecast: 2.6%
Actual: -
Period: 1 quarter

The indicator reflects the quarterly changes in salaries and other income received by working population.

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