Date
GMT+01:00
Event
Jul, 26 01:30
PMI Manufacturing
PMI Manufacturing
Country:
Date: Jul, 26 01:30
Importance: Low
Previous: 52.4
Forecast: 53.1
Actual: -
Period: Jul

A monthly gauge of manufacturing activity and future outlook. The CIPS PMI is comparable to the US ISM survey, similarly based on the opinions of executives in manufacturing companies. Purchasing managers are tasked with gauging future demand, and adjusting orders for materials accordingly. The PMI summarizes the opinions of these executives to give a picture of the future of the manufacturing sector. A higher PMI indicates that materials purchases are increasing and that the economic outlook is positive. Alternately, a lower PMI means orders for materials are down and the future outlook is less favorable. By nature, the figure is very sensitive to the business cycle and tends to match growth or decline in the economy as a whole.

The PMI is presented as an index with a value between 1-100.

Jul, 26 01:30
Tertiary Industry Index
Tertiary Industry Index
Country:
Date: Jul, 26 01:30
Importance: Low
Previous: 48.0
Forecast: 47.0
Actual: -
Period: Jul

Evaluates the monthly change in output produced by Japan's service sector. Because this report excludes manufacturing and only measures service industries catering mainly to domestic needs, the Tertiary Industry Index is a key indicator of domestic activity. The index incorporates data from firms involved in wholesale and retail trade, financial services, health care, real estate, leisure and utilities. The report excludes industrial manufacturing sectors that tend to be influenced by foreign demand. The tertiary industry index is posted monthly as a percentage change from the previous month's figure.

Jul, 26 01:30
PMI Composite
PMI Composite
Country:
Date: Jul, 26 01:30
Importance: Low
Previous: 48.9
Forecast: 47.5
Actual: -
Period: Jul

An index level of 50 denotes no change since the previous month, while a level above 50 signals an increase or improvement, and below 50 indicates a decrease or deterioration.

Jul, 26 06:00
BOJ Core CPI
BOJ Core CPI
Country:
Date: Jul, 26 06:00
Importance: Low
Previous: 0.0%
Forecast: 0.0%
Actual: -
Period: Jun
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
Jul, 26 09:00
★★
Ifo Business Climate Index
Ifo Business Climate Index
Country:
Date: Jul, 26 09:00
Importance: Medium
Previous: 101.8
Forecast: 102.3
Actual: -
Period: Jul

The Ifo Business Climate Index is a closely followed leading indicator for economic activity in Germany prepared by the Ifo Institute for Economic Research in Munich. It is based on ca. 7,000 monthly survey responses of firms in manufacturing, construction, wholesaling and retailing. The firms are asked to give their assessments of the current business situation and their expectations for the next six months. They can characterise their situation as "good", "satisfactorily" or "poor" and their business expectations for the next six months as "more favourable", "unchanged" or "more unfavourable". The replies are weighted according to the importance of the industry and aggregated. The balance value of the current business situation is the difference of the percentages of the responses "good" and "poor", the balance value of the expectations is the difference of the percentages of the responses "more favourable" and "more unfavourable". The business climate is a mean of the balances of the business situation and the expectations.

Jul, 26 09:00
★★
Ifo Current Assessment
Ifo Current Assessment
Country:
Date: Jul, 26 09:00
Importance: Medium
Previous: 99.6
Forecast: 101.6
Actual: -
Period: Jul

One of the country's key business sentiment surveys (Ifo - Information and Forschung Survey). The survey is conducted monthly, querying German firms on the current German business climate as well as their expectations for the next six months. As the largest economy in the Eurozone, Germany is responsible for approximately a quarter of the total Eurozone GDP.

Consequently, the German Ifo is a significant economic health indicator for the Eurozone as a whole. Positive readings bode well for the economy, suggesting increased consumer spending and economic growth. Conversely, low Ifo readings may be indicative of economic slowdown.

The index uses 100 as a centerline between positive and negative outlooks; the further the value is from 100 the stronger the sentiment. The survey presents two equally weighted sub-indices: Current Assessment and Business Expectations.

Ifo Current Assessment
Measures current German business conditions, without considering future expectations.

Jul, 26 09:00
★★
IFO - Expectations
IFO - Expectations
Country:
Date: Jul, 26 09:00
Importance: Medium
Previous: 104.0
Forecast: 103.3
Actual: -
Period: Jul

One of the country's key business sentiment surveys (Ifo - Information and Forschung Survey). The survey is conducted monthly, querying German firms on the current German business climate as well as their expectations for the next six months. As the largest economy in the Eurozone, Germany is responsible for approximately a quarter of the total Eurozone GDP. Consequently, the German Ifo is a significant economic health indicator for the Eurozone as a whole. Positive readings bode well for the economy, suggesting increased consumer spending and economic growth. Conversely, low Ifo readings may be indicative of economic slowdown.

The index uses 100 as a centerline between positive and negative outlooks; the further the value is from 100 the stronger the sentiment. The survey presents two equally weighted sub-indices: Current Assessment and Business Expectations.

Ifo Expectations
Based on firms' expectations for the next six months, where firms rate the future outlook as better, same, or worse.

Jul, 26 12:00
★★
MPC Member Gertjan Vlieghe Speaks
MPC Member Gertjan Vlieghe Speaks
Country:
Date: Jul, 26 12:00
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
Vlieghe was an economic assistant to Lord Mervyn King at the Bank of England. He then worked as a bond strategist and director at the Deutsche Bank. Later, he worked as a senior economist at Brevan Howard, a hedge fund based in London. On 28 July 2015, it was announced that he would replace David Miles in September 2015 in the nine-member Monetary Policy Committee (MPC) of the Bank of England.
Jul, 26 14:00
NBB Business Climate
NBB Business Climate
Country:
Date: Jul, 26 14:00
Importance: Low
Previous: 9.8
Forecast: 10.3
Actual: -
Period: Jul

Assesses overall business environment in a country.

Jul, 26 15:00
★★
New Home Sales
New Home Sales
Country:
Date: Jul, 26 15:00
Importance: Medium
Previous: 769K; -5.9%
Forecast: 800K; 3.5%
Actual: -
Period: Jun

Records sales of newly constructed residences in the United States. The figure is a timely gauge of housing market conditions counting home sales when initial housing contracts are signed. Because New Home Sales usually trigger a sequence of consumption, they have significant market impact upon release. In addition to the high expenditure of the new home, buyers are likely to spend more money on furnishing customizing and financing their home. Consequently, growth in the housing market spurs more consumption, generating demand for goods, services and the employees who provide them.

Generally, the housing market is tracked by a number of reports that mark different stages of the construction and home sale process. The first stage is Building Permits, which precede Housing Starts, which lead to Construction Spending, MBA Mortgage Applications and, finally, New Home Sales and Existing Home Sales. As the headline housing figure, New Home Sales are believed to control some of the volatility of other data. For instance, Building Permits and Housing Starts are considered more indicative of business confidence and production rather than consumer spending. And while Existing Home Sales figures are more indicative of consumer expenditures, they are lagging indicators with less predictive value. New Home Sales numbers are considered confirmatory of housing trends and still predictive of consumer spending.

New Home Sales is also a good indicator of economic turning points due to its sensitivity to consumer income. Buying a house is always a major expenditure, typically only undertaken when consumers have sufficient savings or are optimistic about future earnings. Historically, when economic conditions slow, New Home Sales are one of the first indicators to reflect the change. By the same token, New Home Sales undergo substantial growth when the economy has emerged from recession and wages have begun to pick up.

The report headline is the total amount of properties sold.

Jul, 27 00:50
Corporate Service Price Index
Corporate Service Price Index
Country:
Date: Jul, 27 00:50
Importance: Low
Previous: 1.5%
Forecast: 1.4%
Actual: -
Period: Jun

Change in the price of services purchased by corporations. It's a leading indicator of consumer inflation - when corporations pay more for services the higher costs are usually passed on to the consumer.

Jul, 27 08:30
★★★
BOJ Governor Haruhiko Kuroda Speaks
BOJ Governor Haruhiko Kuroda Speaks
Country:
Date: Jul, 27 08:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

Bank of Japan Governor Haruhiko Kuroda will hold a press conference about monetary policies in Tokyo. Mr Kuroda exercises general control over the Bank's business. He is in charge of the Internal Auditors' Office.

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