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Event Previous Forecast Actual
Feb, 22 00:30
★★
Construction Work Done
Construction Work Done
Country:
Date: Feb, 22 00:30
Importance: Medium
Previous: -4.9%q/q
Forecast: 0.5% q/q
Actual: -
Period: 4 quarter
The estimate for total construction work done. The estimate is published some time after the house-foundations laying data release and serves as a GDP indicator.
-4.9%q/q 0.5% q/q -
Feb, 22 00:30
★★
Wage Price Index
Wage Price Index
Country:
Date: Feb, 22 00:30
Importance: Medium
Previous: 0.4% q/q; 1.9% y/y
Forecast: 0.5% q/q; 1.9% y/y
Actual: -
Period: 4 quarter
The Wage Price Index measures the change in the price businesses and the government pay for labor, excluding bonuses. It is a leading indicator of consumer price inflation. A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.
0.4% q/q; 1.9% y/y 0.5% q/q; 1.9% y/y -
Feb, 22 02:00
Credit Card Spending
Credit Card Spending
Country:
Date: Feb, 22 02:00
Importance: Low
Previous: 3.1% m/m; 8.5% y/y
Forecast: -
Actual: -
Period: Jan

Shows a change in the total expenditure made via credit cards.

3.1% m/m; 8.5% y/y - -
Feb, 22 09:00
★★
Ifo Business Climate
Ifo Business Climate
Country:
Date: Feb, 22 09:00
Importance: Medium
Previous: 109.8
Forecast: 109.6
Actual: -
Period: Feb

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.

109.8 109.6 -
Feb, 22 09:00
★★
IFO - Current Assessment
IFO - Current Assessment
Country:
Date: Feb, 22 09:00
Importance: Medium
Previous: 116.9
Forecast: 116.7
Actual: -
Period: Feb

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 Euro-zone, Germany is responsible for approximately a quarter of the total Euro-Zone GDP.

Consequently, the German IFO is a significant economic health indicator for the Euro-zone 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.

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

116.9 116.7 -
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