Economic calendar

ECONOMIC CALENDAR

Date

GMT+00:00

Event

Value

Dec, 05 14:45

★

Final Services PMI

Country:
Date:	Dec, 05 14:45
Importance:	Low
Previous:	50.8
Forecast:	50.8
Actual:	-
Period:	Nov

It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy. Above 50.0 indicates industry expansion, below indicates contraction. The 'Previous' listed is the 'Actual' from the Flash release and therefore the 'History' data will appear unconnected. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release is the earliest and thus tends to have the most impact.

50.8

Dec, 05 14:45

★

Composite PMI

Country:
Date:	Dec, 05 14:45
Importance:	Low
Previous:	50.7
Forecast:	50.7
Actual:	-
Period:	Nov

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.

50.7

Dec, 05 15:00

★★★

ISM Services PMI

Country:
Date:	Dec, 05 15:00
Importance:	High
Previous:	51.8
Forecast:	52.2
Actual:	-
Period:	Nov

ISM index for the non-manufacturing sector, a value below 50 indicates a decrease in activity compared to the previous month, above - about growth.

51.8

Dec, 05 15:00

★

JOLTs Job Openings

Country:
Date:	Dec, 05 15:00
Importance:	Low
Previous:	9553K
Forecast:	9310K
Actual:	-
Period:	Oct

A survey done by the United States Bureau of Labor Statistics to help measure job vacancies. It collects data from employers including retailers, manufacturers and different offices each month. Respondents to the survey answer quantitative and qualitative questions about their businesses' employment, job openings, recruitment, hires and separations. The JOLTS data is published monthly and by region and industry.

9553K

Dec, 06 00:30

★★★

Gross Domestic Product

Country:
Date:	Dec, 06 00:30
Importance:	High
Previous:	0.4%; 2.1%
Forecast:	0.4%; 1.8%
Actual:	-
Period:	3 quarter

A comprehensive measure of Australia's overall production and consumption of goods and services. GDP is a significant reportserving as one of the primary indicators of a country's overall economic health.

Robust GDP growth signals a heightened level of economic activity and often a higher demand for the domestic currency. At the same time, economic expansion raises concerns about inflationary pressures which may prompt monetary authorities to increase interest rates. Thus positive GDP readings are generally bullish for the Australian Dollar, while negative readings are generally bearish.

Most production reports that lead to Australian GDP are released before the official GDP number. Therefore, actual GDP figures usually confirm expectations. However, an unexpected release can move markets due to the significance of the figure.

Technically, Gross Domestic Product is calculated in the following way:

GDP = C + I + G + (EX - IM)

where
C = private consumption
I = private investment
G = government expenditure
EX = exports of goods and services
IM = imports of goods and services

The headline figures for GDP are the percentage growth rate from the previous quarter and the annualized percentage change in GDP. Prices used are benchmarked to 1997 prices.

0.4%; 2.1%