Date
GMT+00:00
Event Value
Nov, 22 18:00
Baker Hughes U.S. Rig Count
Baker Hughes U.S. Rig Count
Country:
Date: Nov, 22 18:00
Importance: Low
Previous: 915
Forecast: -
Actual: -
Period: Nov
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.
915
Nov, 22 19:00
★★★
FOMC Meeting Minutes
FOMC Meeting Minutes
Country:
Date: Nov, 22 19:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: Nov

The Federal Open Market Committee (FOMC) Meeting Minutes are a verbatim record of the committee's meeting held about two weeks earlier.

Nov, 22 21:45
★★★
Retail Sales
Retail Sales
Country:
Date: Nov, 22 21:45
Importance: High
Previous: 2.0% q/q; 2.1% q/q
Forecast: 0.4% q/q; 0.9% q/q
Actual: -
Period: 3 quarter
Change in the total value of inflation-adjusted sales at the retail level. It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
2.0% q/q; 2.1% q/q
Nov, 23 07:00
GDP
GDP
Country:
Date: Nov, 23 07:00
Importance: Low
Previous: 0.8% q/q; 2.3% y/y
Forecast: 0.8% q/q; 2.3% y/y
Actual: -
Period: 3 quarter

An indicator for broad overall growth in Germany. Robust German GDP growth signals a heightened level of economic activity, and therefore a high demand for currency. Economic expansion also raises concerns about inflationary pressure, which generally prompts monetary authorities to increase interest rates. This means that positive GDP readings are generally bullish for a given currency, while negative readings are bearish.

Due to the untimeliness of this report and because data on GDP components are available beforehand, the actual GDP figure is usually well anticipated. But given its overall significance GDP has the tendency to move the market upon release, acting to confirm or upset economic expectations. Robust GDP growth signals a heightened level of activity that is generally associated with a healthy economy. However economic expansion also raises concerns about inflationary pressures which may lead to monetary policy tightening.

The headline figure for German GDP is an annualized percentage growth rate.

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

Technical note : GDP is the total market value of goods and services produced in Germany within a given period after deducting the cost of goods and services used up in the process of production. Therefore, GDP excludes intermediate goods and services and considers final aggregates only.

0.8% q/q; 2.3% y/y
Nov, 23 08:00
★★
Flash Composite PMI
Flash Composite PMI
Country:
Date: Nov, 23 08:00
Importance: Medium
Previous: 57.4
Forecast: 57.2
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.
57.4
Nov, 23 08:00
★★
Flash Services PMI
Flash Services PMI
Country:
Date: Nov, 23 08:00
Importance: Medium
Previous: 57.3
Forecast: 57.1
Actual: -
Period: Nov

Gauge for the overall performance of the country's service sector. The Services PMI interviews executives on the status of sales, employment, and their outlook. Because the performance of the country's service sector is extremely consistent over time, services does not impact final GDP figures as much as the more volatile figure on the manufacturing sector. For this reason Services PMI usually causes little market movement. The survey results are quantified and presented as an index on a 1-100 scale. The headline figure is the percentage change in the index.

57.3
Nov, 23 08:00
★★
Flash Manufacturing PMI
Flash Manufacturing PMI
Country:
Date: Nov, 23 08:00
Importance: Medium
Previous: 56.1
Forecast: 55.9
Actual: -
Period: Nov

A monthly gauge of manufacturing activity and future outlook. The PMI is 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.

56.1
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