Date
GMT+01:00
Event
May, 28 02:30
Private Capital Expenditure
Private Capital Expenditure
Country:
Date: May, 28 02:30
Importance: Low
Previous: 0.4%
Forecast: 1.2%
Actual: -
Period: 1 quarter

The release is published every quarter, and about 60 days after the quarter ends. It is published by the Australian Bureau of Statistics, and measures the alteration in the overall inflation-amended value (real value) of new capital investments produced by private businesses. The data release is important for traders, as it is a top indicator of Australia’s economic health. Additionally, a change in the investment levels for businesses is usually a sign for future economic movement, including earning, spending and hiring.

May, 28 02:30
RBA Bulletin
RBA Bulletin
Country:
Date: May, 28 02:30
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
It contains relevant articles, speeches, statistical tables, and provides detailed analysis of current and future economic conditions from the bank's viewpoint. Tends to have a mild impact since much of the information is released previously. Source changed release frequency from monthly to quarterly as of Mar 2010.
May, 28 03:00
★★
Annual Budget
Annual Budget
Country:
Date: May, 28 03:00
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -

Annual budgets can apply to either a fiscal or calendar year. These budgets help their creators to plan for the upcoming year and make the necessary adjustments in cash flow to cover expenses. Annual budgets help both individuals and organizations to accurately project their future cash flows and effectively manage their money.

May, 28 12:30
★★
ECB Monetary Policy Meeting Accounts
ECB Monetary Policy Meeting Accounts
Country:
Date: May, 28 12:30
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
The report is published 4 weeks after the ECB Monetary Policy Meeting takes place (8 times a year). It contains the texts of the ECB Governing Council members’ speeches on detailed assessments of economic conditions that influence the interest rates decision.
May, 28 13:30
★★
Unemployment Claims
Unemployment Claims
Country:
Date: May, 28 13:30
Importance: Medium
Previous: 209K
Forecast: 211K
Actual: -
Period: May

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

May, 28 13:30
Continuing Claims
Continuing Claims
Country:
Date: May, 28 13:30
Importance: Low
Previous: 1782K
Forecast: 1780K
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, 28 13:30
★★★
GDP
GDP
Country:
Date: May, 28 13:30
Importance: High
Previous: 2.0%
Forecast: 2.0%
Actual: -
Period: 1 quarter

The GDP for the United States is a gauge of the overall output (goods & services) of the US economy on the continental US GDP is the most comprehensive overall measure of economic output and provides key insight into the driving forces of the economy.

GDP Influence On Markets
If the figure increases, then the economy is improving, and thus the dollar tends to strengthen. If the number falls short of expectations or meets the consensus, dollar bearishness may be triggered. This sort of reaction is again tied to interest rates, as traders expect an accelerating economy, consumers will be affected by inflation and consequently interest rates will rise. However, much like the CPI, a negative change in GDP is more difficult to trade; just because the pace of growth has slowed does not mean it has deteriorated. On the other hand, a better than expected number will usually result in the dollar rising as it implicates that a quickly expanding economy will sooner or later require higher interest rates to keep inflation in check. Overall though, the GDP has fallen in significance and its ability to move markets since most of the components of the report are known in advance

Due to the untimeliness of this report and because data on GDP components are available beforehand, the actual GDP figure is usually well anticipated. But given its overall significance GDP has the tendency to move the market upon release, acting to confirm or upset economic expectations. Robust GDP growth signals a heightened level of activity that is generally associated with a healthy economy. However economic expansion also raises concerns about inflationary pressures which may lead to monetary policy tightening.

Gross Domestic Product is calculated in the following way
GDP = C + I + G + (EX - IM)
where
C = private consumption
I = private investment
G = government expenditure
EX = exports of goods and services
IM = imports of goods and services

The figure is commonly reported in headlines as an annualized percentage, based on quarterly data.

On a technical note: The GDP can be reported in either real or nominal terms, real GDP being adjusted for inflation. GDP actually has three releases, as an Advanced, Preliminary, and Final figure. The Advanced figure is released four weeks following the quarter's end. One month later, the Preliminary GDP is released, followed by the Final GDP measure at the end of the quarter following the reporting quarter. As the most timely measure, the Advanced GDP tends to move markets the most.

May, 28 13:30
★★
PCE Core
PCE Core
Country:
Date: May, 28 13:30
Importance: Medium
Previous: 4.3%
Forecast: 4.3%
Actual: -
Period: 1 quarter

Comprehensive measure of how much consumers spend each month, counting expenditures on durable goods, consumer products, and services. Personal Consumption is a comprehensive measure of GDP; consequently the figure is watched as an indicator for economic trends. The PCE figure is released in headlines as a percent change from the previous month.

Core Personal Consumption Expenditure
Volatile items like food and energy can fluctuate widely due to seasonal and non-systemic factors. In order to provide a less erratic picture of Personal Consumption, food and energy items are excluded in the PCE core report.

The headline figure of PCE is expressed in percentage change in spending for the quarter.

Note: The Personal Consumption Expenditure figure is reported with the Personal Income and Outlays figure.

May, 28 13:30
★★
GDP Price Index
GDP Price Index
Country:
Date: May, 28 13:30
Importance: Medium
Previous: 3.6%
Forecast: 3.6%
Actual: -
Period: 1 quarter

Measures changes in the prices of goods and services that are included in US GDP. The GDP Price Index is an indicator for inflation calculated by comparing the current GDP to GDP in the reference year. A high or rising GDP Price Index, like other indicators of inflation, puts pressure on the Federal Reserve to raise interest rates.

The GDP price index differs from other more popular inflation measures like CPI, in that it includes all products accounted for by GDP and does not include the affects of changes in import prices. Furthermore, the report is only released quarterly and commands little market attention because of it lack of timeliness.

The headline figure is the annualized percentage change.

May, 28 13:30
★★
Durable Goods Orders
Durable Goods Orders
Country:
Date: May, 28 13:30
Importance: Medium
Previous: 0.8%; 0.9%
Forecast: 3.3%; 0.5%
Actual: -
Period: Apr

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.

May, 28 13:30
★★★
PCE Core
PCE Core
Country:
Date: May, 28 13:30
Importance: High
Previous: 0.3%; 3.2%
Forecast: 0.3%; 3.3%
Actual: -
Period: Apr

Comprehensive measure of how much consumers spend each month, counting expenditures on durable goods, consumer products, and services. Personal Consumption is a comprehensive measure of GDP; consequently the figure is watched as an indicator for economic trends. Spending also has direct affect on inflationary pressures.

A healthy Personal Spending figure means that consumers are buying goods and services, fueling the economy and spurring output growth. The report is particularly valued for forecasting inflationary pressures. Taken in excess these high levels of consumption and production may lead to an overall increase in prices. Indeed, the Fed uses a measure of inflation derived from the PCE as their primary gauge of inflation.

On the other hand, persistently low Personal Spending may result in decreasing levels of output and an economic downturn.

Because income is either spent or saved, Personal Spending (when reported as a percent of income rather than the headline percent change) has an inverse relationship to personal saving. Economists watch the growth of Personal Spending in relation to income and saving to determine if consumers are living beyond their means, which would influence levels of borrowing and future consumption.

The PCE figure is released in headlines as a percent change from the previous month.

Core Personal Consumption Expenditure
Volatile items like food and energy can fluctuate widely due to seasonal and non-systemic factors. In order to provide a less erratic picture of Personal Consumption, food and energy items are excluded in the PCE core report.

The headline figure of PCE is expressed in percentage change in spending for the quarter.

Note: The Personal Consumption Expenditure figure is reported with the Personal Income and Outlays figure.

May, 28 13:30
★★
Personal Spending
Personal Spending
Country:
Date: May, 28 13:30
Importance: Medium
Previous: 0.9%
Forecast: 0.5%
Actual: -
Period: Apr

Comprehensive measure of how much consumers spend each month, counting expenditures on durable goods, consumer products, and services. Personal Consumption is a comprehensive measure of GDP; consequently the figure is watched as an indicator for economic trends. Spending also has direct affect on inflationary pressures.

A healthy Personal Spending figure means that consumers are buying goods and services, fueling the economy and spurring output growth. The report is particularly valued for forecasting inflationary pressures. Taken in excess these high levels of consumption and production may lead to an overall increase in prices. Indeed, the Fed uses a measure of inflation derived from the PCE as their primary gauge of inflation.

On the other hand, persistently low Personal Spending may result in decreasing levels of output and an economic downturn.

Because income is either spent or saved, Personal Spending (when reported as a percent of income rather than the headline percent change) has an inverse relationship to personal saving. Economists watch the growth of Personal Spending in relation to income and saving to determine if consumers are living beyond their means, which would influence levels of borrowing and future consumption.

The PCE figure is released in headlines as a percent change from the previous month.

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