Date
GMT+01:00
Event Value
Sep, 26 09:00
★★
Ifo Business Climate Index
Ifo Business Climate Index
Country:
Date: Sep, 26 09:00
Importance: Medium
Previous: 88.5
Forecast: 86.9
Actual: -
Period: Sep

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.

88.5
Sep, 26 09:00
★★
Ifo Current Assessment
Ifo Current Assessment
Country:
Date: Sep, 26 09:00
Importance: Medium
Previous: 97.5
Forecast: 96.0
Actual: -
Period: Sep

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 Eurozone, Germany is responsible for approximately a quarter of the total Eurozone GDP.

Consequently, the German Ifo is a significant economic health indicator for the Eurozone 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.

97.5
Sep, 26 09:00
★★
IFO - Expectations
IFO - Expectations
Country:
Date: Sep, 26 09:00
Importance: Medium
Previous: 80.3
Forecast: 79.0
Actual: -
Period: Sep

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 Eurozone, Germany is responsible for approximately a quarter of the total Eurozone GDP. Consequently, the German Ifo is a significant economic health indicator for the Eurozone 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 Expectations
Based on firms' expectations for the next six months, where firms rate the future outlook as better, same, or worse.

80.3
Sep, 26 14:00
NBB Business Climate
NBB Business Climate
Country:
Date: Sep, 26 14:00
Importance: Low
Previous: -5.8
Forecast: -8.9
Actual: -
Period: Sep

Assesses overall business environment in a country.

-5.8
Sep, 26 17:00
FOMC Member Raphael W. Bostic Speaks
FOMC Member Raphael W. Bostic Speaks
Country:
Date: Sep, 26 17:00
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
Federal Reserve Bank of Atlanta President Raphael Bostic - FOMC voting member 2018. Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy. More hawkish than expected is good for currency.
Sep, 26 17:00
★★
MPC Member Silvana Tenreyro Speaks
MPC Member Silvana Tenreyro Speaks
Country:
Date: Sep, 26 17:00
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
BOE MPC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.
Sep, 26 21:00
★★
FOMC Member Loretta Mester Speaks
FOMC Member Loretta Mester Speaks
Country:
Date: Sep, 26 21:00
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
Sep, 27 00:50
Corporate Service Price Index
Corporate Service Price Index
Country:
Date: Sep, 27 00:50
Importance: Low
Previous: 2.1%
Forecast: 2.4%
Actual: -
Period: Aug

Change in the price of services purchased by corporations. It's a leading indicator of consumer inflation - when corporations pay more for services the higher costs are usually passed on to the consumer.

2.1%
Sep, 27 09:00
M3 Money Supply
M3 Money Supply
Country:
Date: Sep, 27 09:00
Importance: Low
Previous: 5.5%
Forecast: 5.4%
Actual: -
Period: Aug

The broadest measure of money supply in use by Eurozone nations. It includes all currency in circulation, bank deposits, repurchase agreements, debt securities up to 2 years, and the value of money market shares. A larger money supply reduces the purchasing power of the Euro and puts downward pressure on the exchange rate. However, because an increase in M3 leads to price inflation, this figure can also be indicative of the likelihood of future interest rate hikes. The Eurozone M3 is reported in headlines as a percent change from the previous month or as a Three Month Average, which smoothes monthly volatility in the money supply.

5.5%
Sep, 27 09:00
Private Sector Credit
Private Sector Credit
Country:
Date: Sep, 27 09:00
Importance: Low
Previous: 4.5%
Forecast: 4.5%
Actual: -
Period: Aug

Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment.

4.5%
Sep, 27 11:15
FOMC Member Charles Evans Speaks
FOMC Member Charles Evans Speaks
Country:
Date: Sep, 27 11:15
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -

Charles L. Evans is the ninth President and chief executive officer of the Federal Reserve Bank of Chicago. In that capacity, he serves on the Federal Open Market Committee (FOMC), the Federal Reserve System's monetary policy-making body.

Sep, 27 13:30
★★
Durable Goods Orders
Durable Goods Orders
Country:
Date: Sep, 27 13:30
Importance: Medium
Previous: 0.0%; 0.3%
Forecast: 0.1%; 0.3%
Actual: -
Period: Aug

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.

0.0%; 0.3%
Sep, 27 14:00
House Price Index
House Price Index
Country:
Date: Sep, 27 14:00
Importance: Low
Previous: 0.1%
Forecast: 0.0%
Actual: -
Period: Jul

A resumptive index of house prices reflecting prices for new constructions and resale real estate markets. As all indices connected with the construction industry it can be seasonally adjusted.

0.1%
Sep, 27 14:55
★★
FOMC Member James Bullard Speaks
FOMC Member James Bullard Speaks
Country:
Date: Sep, 27 14:55
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
James Bullard is the chief executive officer and 12th president of the Federal Reserve Bank of St. Louis, positions he has held since 2008. He is currently serving a term that began on March 1, 2011. In 2014, he was named the 7th most influential economist in the world.
Sep, 27 15:00
★★★
Consumer Confidence
Consumer Confidence
Country:
Date: Sep, 27 15:00
Importance: High
Previous: 103.2
Forecast: 104.0
Actual: -
Period: Sep

Assessment of consumer sentiment regarding business conditions, employment and personal income. Based on a representative sample of thousands of mail-in surveys, the Conference Board index has the largest pooling sample of any US measure of consumer confidence. Consumer Confidence levels are generally linked with consumer spending. For instance, when consumer confidence is on the rise consumer spending tends to increase. Low or falling consumer confidence on the other hand is typically associated with decreased spending and consumer demand.

Some analysts criticize the Consumer Confidence figure for its volatile tendencies and weak connection to household expenditure, turning instead to the University of Michigan Consumer Confidence numbers. The volatility of the Consumer Confidence figure is attributed to two factors: its pooling size and the survey time frame focus. The Conference Board surveys an entirely new group of people each month, resulting in more erratic month to month figures. Additionally, the survey queries respondents on expectations for the following six months, a relatively short term evaluation. Conversely, the University of Michigan survey will re-poll many individuals and focuses on expectations for the next one to five years. The long term focus has a stabilizing effect on consumer confidence.

Survey results are printed in the headlines where 100 reflects a recent base year.

103.2
Sep, 27 15:00
★★
New Home Sales
New Home Sales
Country:
Date: Sep, 27 15:00
Importance: Medium
Previous: 511K; -12.6%
Forecast: 500K; -0.5%
Actual: -
Period: Aug

Records sales of newly constructed residences in the United States. The figure is a timely gauge of housing market conditions counting home sales when initial housing contracts are signed. Because New Home Sales usually trigger a sequence of consumption, they have significant market impact upon release. In addition to the high expenditure of the new home, buyers are likely to spend more money on furnishing customizing and financing their home. Consequently, growth in the housing market spurs more consumption, generating demand for goods, services and the employees who provide them.

Generally, the housing market is tracked by a number of reports that mark different stages of the construction and home sale process. The first stage is Building Permits, which precede Housing Starts, which lead to Construction Spending, MBA Mortgage Applications and, finally, New Home Sales and Existing Home Sales. As the headline housing figure, New Home Sales are believed to control some of the volatility of other data. For instance, Building Permits and Housing Starts are considered more indicative of business confidence and production rather than consumer spending. And while Existing Home Sales figures are more indicative of consumer expenditures, they are lagging indicators with less predictive value. New Home Sales numbers are considered confirmatory of housing trends and still predictive of consumer spending.

New Home Sales is also a good indicator of economic turning points due to its sensitivity to consumer income. Buying a house is always a major expenditure, typically only undertaken when consumers have sufficient savings or are optimistic about future earnings. Historically, when economic conditions slow, New Home Sales are one of the first indicators to reflect the change. By the same token, New Home Sales undergo substantial growth when the economy has emerged from recession and wages have begun to pick up.

The report headline is the total amount of properties sold.

511K; -12.6%
Sep, 27 15:00
Richmond Fed Manufacturing Index
Richmond Fed Manufacturing Index
Country:
Date: Sep, 27 15:00
Importance: Low
Previous: -8
Forecast: -10
Actual: -
Period: Sep

Assesses regional manufacturing conditions for the Richmond Fed District. Based on mail-in surveys from a representative sample of manufacturing plants, the Richmond Fed Index seeks to track industrial performance. The report puts particular emphasis on inflationary pressures.

Though the Richmond Fed Manufacturing Survey is valued for its quick turnaround, it is still released after the ISM survey. As a result, the figure is often used to affirm or question the ISM report, and has little impact on markets. The Richmond Fed Manufacturing Survey also asks manufacturing executives to stress price expectations. Some markets participants use this data as an early gauge to CPI and PPI reports released a few days later.

The headline figure is a three-month average, calculated by finding the percentage difference between positive and negative responses for the last three months, using a zero boom/bust centerline.

Note: The survey covers such topics as shipments, order volume, backlog volume, capacity utilization, vendor lead time, employees, average workweek, wages, inventory levels, and capital expenditures. The Fifth District includes the District of Columbia , Maryland , both Carolinas, and most of the Virginias.

-8
Sep, 28 00:01
BRC Shop Price Index
BRC Shop Price Index
Country:
Date: Sep, 28 00:01
Importance: Low
Previous: 5.1%
Forecast: -
Actual: -
Period: Sep
Change in the price of goods purchased at BRC-member retail stores. Leads the government-released consumer inflation data by about 10 days, but has a narrower scope as it only includes goods purchased from retailers who belong to the BRC. This data is usually released 1 day before the Bank of England interest rate decision. Full reports are only available to BRC subscribers.
5.1%
Sep, 28 00:50
Monetary Policy Meeting Minutes
Monetary Policy Meeting Minutes
Country:
Date: Sep, 28 00:50
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: Jul
The Bank of Japan publishes the summary from its monthly monetary policy meetings some time after the actual meeting. These meetings are held to review economic developments inside and outside of Japan and decide the central bank’s monetary policy. The minutes usually come out late, at least a month after the meeting, but give detailed insight into the Bank of Japan’s monetary policy decision making process.
Sep, 28 01:00
★★
ANZ Business Confidence
ANZ Business Confidence
Country:
Date: Sep, 28 01:00
Importance: Medium
Previous: -47.8
Forecast: -52.1
Actual: -
Period: Sep

The results of the ANZ Bank Business survey held among businesses nationwide.

-47.8
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