Economic calendar

ECONOMIC CALENDAR

Date

GMT+01:00

Event

Value

May, 24 09:30

★★★

Retail Sales With Auto Fuel

Country:
Date:	May, 24 09:30
Importance:	High
Previous:	1.1% m/m; 6.7% y/y
Forecast:	-0.3% m/m; 4.5% y/y
Actual:	-
Period:	Apr

Change in the total value of inflation-adjusted sales at the retail level with auto fuel. It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.

1.1% m/m; 6.7% y/y

May, 24 09:30

★★

Retail Sales Ex Auto Fuel

Country:
Date:	May, 24 09:30
Importance:	Medium
Previous:	1.2% m/m; 6.2% y/y
Forecast:	-0.5% m/m; 4.3% y/y
Actual:	-
Period:	Apr

A monthly measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes. The retail sales index is often taken as an indicator of consumer confidence.

1.2% m/m; 6.2% y/y

May, 24 09:30

★

High Street Lending

Country:
Date:	May, 24 09:30
Importance:	Low
Previous:	40.0K
Forecast:	-
Actual:	-
Period:	Apr

Number of new mortgages approved for home purchase by High Street banks during the previous month. High Street banks make up around 65% of total UK mortgage lending. It's a leading indicator of housing market demand – most home purchases are financed with a mortgage, so it provides an excellent gauge of how many qualified buyers are entering the market.

40.0K

May, 24 11:00

★

CBI retail sales volume balance

Country:
Date:	May, 24 11:00
Importance:	Low
Previous:	13
Forecast:	6
Actual:	-
Period:	May

Level of a diffusion index based on surveyed retailers and wholesalers: above 0 indicates higher sales volume, below indicates lower. This is a survey of about 160 retail and wholesale companies which asks respondents to rate the relative level of current sales volume. It's a leading indicator of consumer spending because retailer and wholesaler sales are directly influenced by consumer buying levels.

May, 24 13:30

★

Corporate Profits

Country:
Date:	May, 24 13:30
Importance:	Low
Previous:	-3.9%
Forecast:	-
Actual:	-
Period:	1 quarter

Shows the dynamics in the amount of profit by the corresponding period. Growth reflects improvements in the corporate sector, which can support a course on speculation about stronger labor market performance in the future and a higher capital inflow in the country.

-3.9%

May, 24 13:30

★★★

Durable Goods Orders

Country:
Date:	May, 24 13:30
Importance:	High
Previous:	2.7% m/m; 0.4% m/m
Forecast:	-2.0% m/m; 0.1% m/m
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.

2.7% m/m; 0.4% m/m

May, 24 14:00

★

NBB Business Climate

Country:
Date:	May, 24 14:00
Importance:	Low
Previous:	-3.2
Forecast:	-2.3
Actual:	-
Period:	May

Assesses overall business environment in a country.

-3.2

May, 24 18:00

★

Baker Hughes U.S. Rig Count

Country:
Date:	May, 24 18:00
Importance:	Low
Previous:	987
Forecast:	-
Actual:	-
Period:	May

The Baker Hughes rig count is an important business barometer for the oil drilling industry. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for oil products.

987

May, 26 09:30

★★★

Inflation Report Hearings

Country:
Date:	May, 26 09:30
Importance:	High
Previous:	-
Forecast:	-
Actual:	-
Period:	-

The Governor and other members of the Monetary Policy Committee give evidence on a regular basis before the Treasury Committee.

May, 26 09:30

★★★

BOE Governor Mark Carney Speaks

Country:
Date:	May, 26 09:30
Importance:	High
Previous:	-
Forecast:	-
Actual:	-
Period:	-

Mark Joseph Carney is the current Governor of the Bank of England and the Chairman of the G20's Financial Stability Board. He was also the eighth Governor of the Bank of Canada. Carney achieved these positions by working his way up the ranks of Goldman Sachs, the Canadian Department of Finance, and the Bank of Canada as Deputy Governor.