Date
GMT+00:00
Event Value
Nov, 17 04:30
Industrial Production
Industrial Production
Country:
Date: Nov, 17 04:30
Importance: Low
Previous: 2.2%; 3.4%
Forecast: 2.2%; 3.4%
Actual: -
Period: Sep

Measures the per volume change in output from mining, quarrying, manufacturing, energy and construction sectors in Japan. Industrial production is significant as a short-term indicator of the strength of Japanese industrial activity. High or rising Industrial Production figures suggest increased production and economic expansion. However, uncontrolled levels of production and consumption can spark inflation.

The report is only a preliminary estimate figure that does not move the markets much. The figure is released in headlines as a monthly percent change.

2.2%; 3.4%
Nov, 17 09:00
Gross Domestic Product
Gross Domestic Product
Country:
Date: Nov, 17 09:00
Importance: Low
Previous: -0.3%; 1.2%
Forecast: -0.3%; 1.2%
Actual: -
Period: Oct

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.

-0.3%; 1.2%
Nov, 17 10:00
European Commission Economic Forecasts
European Commission Economic Forecasts
Country:
Date: Nov, 17 10:00
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -

Economic forecasts concentrate on the EU, its individual member states, and the euro area but also include outlooks for some of the world's other major economies, and countries that are candidates for EU membership. ECFIN's forecasts are published three times a year in sync with the EU's annual cycle of economic surveillance procedures, known as the European Semester.

Nov, 17 13:15
Housing Starts
Housing Starts
Country:
Date: Nov, 17 13:15
Importance: Low
Previous: 279.2K
Forecast: 275.0K
Actual: -
Period: Oct

Reflects the rate of growth in housing construction. Housing Starts act as an indicator measuring the strength of Canada's construction sector and housing market. Economists also use the figure as a leading indicator for the economy as a whole due to Housing Starts' sensitivity to changes in the business cycle. Housing Starts slow at the onset of a recession and quickly grow at the beginning of an economic boom; consequently, a high Housing Starts figure forecasts strong economic growth.

The headline figure is the percentage change in new home starts.

279.2K
Nov, 17 13:30
★★★
Consumer Price Index
Consumer Price Index
Country:
Date: Nov, 17 13:30
Importance: High
Previous: 0.1%; 2.4%
Forecast: 0.2%
Actual: -
Period: Oct

The key gauge for inflation in Canada. Simply put, inflation reflects a decline in the purchasing power of the Canadian Dollar, meaning each Dollar buys fewer goods and services. CPI is the most obvious way to measure changes in purchasing power - the report tracks changes in the price of a basket of goods and services that a typical Canadian household might purchase. An increase in the index indicates that it takes more Dollars to purchase this same set of basic consumer items.

As the most important indicator of inflation in Canada , Consumer Price figures are closely followed by Canada 's central bank. The Bank of Canada has a target inflation band of 1 - 3 % and uses CPI and Core CPI as its principle gauge (the Bank of Canada posts inflation targets and CPI on their homepage). A rising CPI may prompt the central bank to raise interest rates in order to manage inflation and slow economic growth. Higher interest rates make holding the Dollar more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Dollar.

0.1%; 2.4%
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