Date
GMT+01:00
Event
Apr, 07 13:30
★★
Durable Goods Orders
Durable Goods Orders
Country:
Date: Apr, 07 13:30
Importance: Medium
Previous: 0.0%; 0.4%
Forecast: -1.1%; 0.5%
Actual: -
Period: Feb

The value of orders placed for relatively long-lasting goods. Durable Goods are expected to last more than three years. Such products often require large investments and usually reflect optimism on the part of the buyer that their expenditure will be worthwhile.

Because orders for goods have large sway over the actual production, this figure serves as an excellent forecast of US output to come. Durable Goods are typically sensitive to economic changes. When consumers become sceptical about economic conditions, sales of durable goods are one of the first to be impacted since consumers can delay purchases of durable items, like cars and televisions, only spending money on necessities in times of economic hardship. Conversely, when consumer confidence is restored, orders for durable goods rebound quickly.

Apr, 07 15:00
★★
Ivey Purchasing Managers Index
Ivey Purchasing Managers Index
Country:
Date: Apr, 07 15:00
Importance: Medium
Previous: 56.6; 56.3
Forecast: 55.9
Actual: -
Period: Mar

The Ivey Purchasing Managers Index (PMI) is an economic index which measures the month to month variation in economic activity as indicated by a panel of purchasing managers from across Canada, and is prepared by the Richard Ivey School of Business. The PMI is provided in two formats: unadjusted and seasonally adjusted. It shows responses to one question: ""Were your purchases last month in dollars higher, the same, or lower than the previous month?"" A figure above 50 shows an increase while below 50 shows a decrease. The Ivey Purchasing Managers Index is often referred to as the Purchasing Managers Index, or PMI and is sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada (PMAC). The PMI includes both the public and private sectors and is based on month end data Ivey PMI panel members indicate whether their organizations activity is higher than, the same as, or lower than the previous month across the following five categories: purchases, employment, inventories, supplier deliveries and prices.

Apr, 07 20:00
Consumer Credit
Consumer Credit
Country:
Date: Apr, 07 20:00
Importance: Low
Previous: 8.0
Forecast: 10.5
Actual: -
Period: Feb

Measures the outstanding debt held by consumers. Consumer Credit levels coincide with the economy, rising during economic expansion and dropping during a recession. Growth in Consumer Credit means that consumers have higher spending ability, which can fuel economic growth. However, too much Consumer Debt can result in an economic slowdown in the long term if consumers become overburdened with debt, then either reducing consumption or passing debt on to the financers after bankruptcy. The headline value is the outstanding debt held by consumers.

Apr, 08 00:30
Average Cash Earnings
Average Cash Earnings
Country:
Date: Apr, 08 00:30
Importance: Low
Previous: 3.0%
Forecast: 2.7%
Actual: -
Period: Feb

The average amount of pre-tax earnings per regular employee, including overtime pay and bonuses.

Apr, 08 00:50
Current Account
Current Account
Country:
Date: Apr, 08 00:50
Importance: Low
Previous: 3145.0bln; 941.6bln
Forecast: 2400.0
Actual: -
Period: Feb
Apr, 08 03:00
★★★
Official Cash Rate
Official Cash Rate
Country:
Date: Apr, 08 03:00
Importance: High
Previous: 2.25%
Forecast: 2.25%
Actual: -
Period: Apr
The Official Cash Rate (OCR) is the interest rate set by the Reserve Bank to meet the inflation target specified in the Policy Targets Agreement (PTA). The current PTA, signed in September 2012, defines price stability as annual increases in the Consumers Price Index (CPI) of between 1 and 3 per cent on average over the medium term, with a focus on keeping future average inflation near the 2 percent target midpoint.
Apr, 08 03:00
★★★
RBNZ Rate Statement
RBNZ Rate Statement
Country:
Date: Apr, 08 03:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The Reserve Bank of New Zealand (RBNZ) releases this statement in connection to its recent decision on short-term interest rates. Interest rates are a primary determinant of a currency's value and these statements are used by traders to determine future monetary policy decisions.

Apr, 08 06:00
Economy Watchers Survey
Economy Watchers Survey
Country:
Date: Apr, 08 06:00
Importance: Low
Previous: 48.9; 50.0
Forecast: 47.9
Actual: -
Period: Mar

The Economy Watchers Survey asks business-cycle sensitive workers their thoughts on existing and future economic conditions, giving a detailed picture of economic trends in Japan . The survey is based on questionnaires from 'man on the street' sectors that are particularly vulnerable to business cycle turns. These segments of the economy include sectors such as retail, restaurant service and taxi driving. With this combined data the Japanese Eco Watchers report serves as both a consumer confidence indicator and a leading indicator for the rest of the economy. The report is usually released less than two weeks after the reporting month, thus its statistics are usually very timely. The headline number is released where 50 represents the center midpoint line of boom/bust sentiment.

Apr, 08 07:00
Factory Orders
Factory Orders
Country:
Date: Apr, 08 07:00
Importance: Low
Previous: -11.1%; 3.7%
Forecast: 3.2%
Actual: -
Period: Feb

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.

Apr, 08 07:45
Trade Balance
Trade Balance
Country:
Date: Apr, 08 07:45
Importance: Low
Previous: -1.8
Forecast: 2.3
Actual: -
Period: Feb

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.

Apr, 08 08:00
Unemployment Rate
Unemployment Rate
Country:
Date: Apr, 08 08:00
Importance: Low
Previous: 3.0%; 3.2%
Forecast: 3.0%
Actual: -
Period: Mar

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.

Apr, 08 09:30
★★
Construction PMI
Construction PMI
Country:
Date: Apr, 08 09:30
Importance: Medium
Previous: 44.5
Forecast: 43.6
Actual: -
Period: Mar

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.

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