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| Mar, 02 23:30 |
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Unemployment Rate
Unemployment Rate
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. |
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| Mar, 02 23:50 |
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Monetary Base
Monetary Base
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. |
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| Mar, 02 23:50 |
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Capital Spending
Capital Spending
Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. |
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| Mar, 03 00:01 |
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BRC Shop Price Index
BRC Shop Price Index
Change in the price of goods purchased at BRC-member retail stores.
Leads the government-released consumer inflation data by about 10 days, but has a narrower scope as it only includes goods purchased from retailers who belong to the BRC. This data is usually released 1 day before the Bank of England interest rate decision. Full reports are only available to BRC subscribers.
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| Mar, 03 00:30 |
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Building Approvals
Building Approvals
The number of domestic building permits granted for the month. Strong growth in new approvals and permits indicates a growing housing market. Because real estate generally leads economic developments - housing tends to thrive at the start of booms and wane at the onset of recession. The figure can be used with others to forecast future growth in the economy as a whole. For this reason Business Approvals is one of eight components used to construct the Conference Board Leading Index, a widely used index to forecast Australia's economic course. A strong housing market also tends to lead consumer spending. The headline number is the seasonally adjusted percentage change in new building approvals from the previous month. |
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| Mar, 03 00:30 |
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Current Account
Current Account
Describes the flow of all goods and services, income, and transfer payments to and from Australia. This figure acts as a gauge of how Australia 's economy interacts with the rest of the world. Whereas the other side of the Balance of Payments, the Capital and Financial Accounts, deals mainly with financial assets and investments, the Current Account gives a detailed breakdown of how the country intermingles with rest of the global economy on a practical, non-investment basis. The Current Account is comprised of the value of the trade balance (exports and imports for goods and services), income payments (such as interest, dividends and salaries) and unilateral transfers (aid, taxes, and one-way gifts). A positive value (current account surplus) indicates that the flow of capital from these components into Australia exceeds the capital leaving Australia. A negative value (current account deficit) means that there is a net capital outflow from these sources. Persistent Current Account deficits may lead to a natural depreciation of a currency, as trade, income and transfer payments usually reflect Australian dollars leaving the country to make payments in a foreign currency (just as underlying surpluses act as an appreciating weight). There are a number of factors that often work to diminish the impact of the Current Account release on the market. The report is not very timely, released every quarter. In addition, many of the components that lead to the final Current Account production and trade figures are known well in advance. Lastly, since the report reflect data for a specific reporting month, any significant developments in the Current Account should plausibly have been felt during that quarter and not during the release of data. But just like GDP and Trade Balance, Current Account is central to forecasting long-term developments in foreign exchange rates. It gives a detailed picture of how the Australian economy interacts internationally, breaking down these interactions into separate components that can be tracked and often anticipated. Thus, the weight of the Current Account has led it to historically be one of the more important reports out of Australia. The figure appears in headlines as the Current Account balance in billions of Aussie Dollars. |
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| Mar, 03 03:35 |
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10-Year JGB Auction
10-Year JGB Auction
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
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| Mar, 03 08:00 |
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Unemployment Change
Unemployment Change
The indicator shows the number of unemployed people in Spain. |
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| Mar, 03 10:00 |
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Consumer Price Index
Consumer Price Index
CPI is the key gauge for inflation in the Eurozone. Inflation, simply put, is a decline in the purchasing power of the Euro, where each Euro buys fewer goods and services due to higher consumer prices. The index tracks changes in the price of a basket of goods and services that a typical household might purchase. When the CPI is high, it indicates that significant inflationary pressures exist in Eurozone economies. This puts pressure on the European Central Bank to raise interest rates. When CPI comes out lower than expected, the ECB is expected to lower interest rates, or keep them lower, to encourage economic growth. As a rule, the Bank adjusts rates in order to keep Europe consumer price inflation in the 0 to 2 percent range. |
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| Mar, 03 10:00 |
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Consumer Price Index Core
Consumer Price Index Core
CPI is the key gauge for inflation in the Eurozone. Inflation, simply put, is a decline in the purchasing power of the Euro, where each Euro buys fewer goods and services due to higher consumer prices. The index tracks changes in the price of a basket of goods and services that a typical household might purchase. When the CPI is high, it indicates that significant inflationary pressures exist in Eurozone economies. This puts pressure on the European Central Bank to raise interest rates. When CPI comes out lower than expected, the ECB is expected to lower interest rates, or keep them lower, to encourage economic growth. As a rule, the Bank adjusts rates in order to keep Europe consumer price inflation in the 0 to 2 percent range. |
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| Mar, 03 10:00 |
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Gross Domestic Product
Gross Domestic Product
The Gross Domestic Product is a comprehensive measure of an overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. GDP announcements generally conform to expectations as the number comes out after most production figures that lead to overall GDP have already been released. Although releases that are out of line with expectations are rare, unanticipated GDP growth can move markets simply because of its significance as an economic indicator. |
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| Mar, 03 12:30 |
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Annual Budget
Annual Budget
A budget that is prepared for a 12-month period. An annual budget outlines both the income and expenditures that are expected to be received and paid over the coming year. Annual budgets are used by individuals, corporations, governments and various other types of organizations. |
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