Date
GMT+01:00
Event Value
Oct, 18 03:00
★★★
Real GDP
Real GDP
Country:
Date: Oct, 18 03:00
Importance: High
Previous: 1.3% q/q; 7.9% y/y
Forecast: -
Actual: -
Period: 3 quarter

An inflation-adjusted measure that reflects the value of all goods and services produced in a given year, expressed in base-year prices. Often referred to as "constant-price," "inflation-corrected" GDP or "constant dollar GDP".

1.3% q/q; 7.9% y/y
Oct, 18 03:00
★★★
Real GDP (YTD)
Real GDP (YTD)
Country:
Date: Oct, 18 03:00
Importance: High
Previous: 12.7%
Forecast: -
Actual: -
Period: 3 quarter

An inflation-adjusted measure that reflects the value of all goods and services produced in a given year, expressed in base-year prices. Often referred to as "constant-price," "inflation-corrected" GDP or "constant dollar GDP".

12.7%
Oct, 18 03:00
★★
Fixed Asset Investment
Fixed Asset Investment
Country:
Date: Oct, 18 03:00
Importance: Medium
Previous: 8.9%
Forecast: -
Actual: -
Period: Sep

Fixed asset investment, or FAI, is a measure of capital spending. It refers to any investment within the measurement period in physical assets, such as real estate infrastructure, machinery, etc. that are held for more than one year. FAI can be a good indicator for how much investment is occurring in a country or region, but it is not a direct contributor to GDP.

8.9%
Oct, 18 03:00
★★
Industrial production
Industrial production
Country:
Date: Oct, 18 03:00
Importance: Medium
Previous: 5.3% y/y; 13.1% y/y
Forecast: -
Actual: -
Period: Sep

Measures the volume change of output of the manufacturing and energy sector.

5.3% y/y; 13.1% y/y
Oct, 18 03:00
Retail Sales
Retail Sales
Country:
Date: Oct, 18 03:00
Importance: Low
Previous: 2.5% y/y; 18.1% y/y
Forecast: -
Actual: -
Period: Sep

Gauge for goods sold at retail outlets in the past month. Retail Sales is a leading indicator for the economy. Rising consumer spending fuels economic growth, confirms signals from consumer confidence, and may spark inflationary pressures.

The headline figure is expressed as the percentage change from the same month last year.

2.5% y/y; 18.1% y/y
Oct, 18 03:00
Unemployment Rate
Unemployment Rate
Country:
Date: Oct, 18 03:00
Importance: Low
Previous: 5.1%
Forecast: -
Actual: -
Period: Sep

The percentage of individuals in the labor force who are without a job but actively seeking one. A higher Unemployment Rate is generally a drain on the economy. Not only does it mean that resources are not being fully utilized, but it also results in lower consumer spending as there are fewer workers receiving paychecks.

Note: The unemployment rate generally moves slowly, so changes of only a few tenths of a percent are still considered significant. Also note that the unemployment rate does not account for discouraged workers. Therefore, in an economically depressed environment, such as that which occurred in Cold War era East Germany, the Unemployment Rate may not accurately reflect the extent of problems.

5.1%
Oct, 18 03:00
★★
NBS Press Conference
NBS Press Conference
Country:
Date: Oct, 18 03:00
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
NBS Press Conference is a media event in which newsmakers invite journalists to hear them speak and, most often, ask questions. Answers can cause a stir in the market.
Oct, 18 13:15
Housing Starts
Housing Starts
Country:
Date: Oct, 18 13:15
Importance: Low
Previous: 260.239K
Forecast: -
Actual: -
Period: Sep

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.

260.239K
Oct, 18 13:30
Foreign Securities Purchases
Foreign Securities Purchases
Country:
Date: Oct, 18 13:30
Importance: Low
Previous: 14.19
Forecast: -
Actual: -
Period: Aug

Summarizes the flow of stocks, bonds, and money market funds to and from Canada.

14.19
Oct, 18 14:15
★★
Industrial Production
Industrial Production
Country:
Date: Oct, 18 14:15
Importance: Medium
Previous: 0.4%
Forecast: -
Actual: -
Period: Sep

Measures changes in the volume of output produced by the manufacturing, mining, and utility sectors in the USA. Because industrial production is a measure of output volume rather than dollar value, the figure is not distorted by inflation and is considered a more "pure" indicator for US industry. Though industrial production only accounts for a relatively small portion of the GDP, it accounts for most of the volatility in GDP and is considered highly sensitive to changes in interest rate and consumer demand. Therefore understanding trends in this figure are important to forecasting the GDP. High or rising Industrial Production figures suggest increased production and economic expansion. However, uncontrolled levels of production and consumption can spark inflation.

The figure varies significantly month to month due to the fact that seasonal and weather related factors often alter factory production and utility demand. Because of this volatility, the report has limited market impact.

The figure is calculated as a weighted aggregate of goods and reported in headlines as a percent change from previous months.

0.4%
Oct, 18 14:15
Capacity Utilization
Capacity Utilization
Country:
Date: Oct, 18 14:15
Importance: Low
Previous: 76.4%
Forecast: -
Actual: -
Period: Sep

Capacity Utilization measures the extent to which US manufacturing companies make use of their installed productive capacity (factories and machinery). Capacity Utilization reflects overall growth and demand in the economy, rising when the economy is vibrant, and falling when demand softens. High capacity utilization also exerts inflationary pressures as scarce resources are in higher demand. However, it may also lead to new capital investments, such as new plants, that promote growth in the future.

76.4%
Oct, 18 14:15
Manufacturing Production
Manufacturing Production
Country:
Date: Oct, 18 14:15
Importance: Low
Previous: 0.2%
Forecast: -
Actual: -
Period: Sep

The UK Manufacturing Production index is compiled by the National Statistics Office and measures the level of manufacturing output. It is an important indicator since it measures growth in the country’s manufacturing industry which is a major component of Gross Domestic Product. A low reading is considered bearish for the Sterling.

0.2%
Oct, 18 15:00
NAHB Housing Market Index
NAHB Housing Market Index
Country:
Date: Oct, 18 15:00
Importance: Low
Previous: 76
Forecast: -
Actual: -
Period: Oct

A timely gauge of home sales and expectations for future home building. Based on a small sample of homebuilders, the Housing Market Index is a timely indicator of future US home sales. However, as the index is not as comprehensive as formal housing reports like new home sales or MBA mortgage applications, the index acts more like a supplemental indicator for predicting housing trends.

As such, the NAHB Housing Market Index is still able to provide general insight to where the housing market is heading. Given that new home sales reflect 'big ticket' items that require construction and investment, the housing market is often viewed as an indicator of the direction of the economy as a whole. Growth in the housing market will spur subsequent spending, generating demand for goods and services and the employees who provide them.

The report headline is expressed in percentage change from the previous month. The NAHB Housing Market Index divides the Single-Family Sales data into three categories: Present, Next 6 Months and Prospective Buyers Traffic.

76
Oct, 18 15:30
★★
Overview of business prospects, according to the Bank of Canada
Overview of business prospects, according to the Bank of Canada
Country:
Date: Oct, 18 15:30
Importance: Medium
Previous: 4.17
Forecast: -
Actual: -
Period: 3 quarter
Indicator of the balance of opinions on the economic prospects of the Bank of Canada. Reflects sentiments regarding the outlook for the future of economic activity. May affect the Bank of Canada's opinion on the rate decision.
4.17
Oct, 18 21:00
TICS
TICS
Country:
Date: Oct, 18 21:00
Importance: Low
Previous: 2.0
Forecast: -
Actual: -
Period: Aug

Measures Capital Flow into U.S. Denominated Assets. Summarizes the flow of stocks, bonds and money market funds to and from the United States. The headline figure is the difference in value between American purchases of foreign securities and foreign purchases of American securities, expressed in millions of dollars. The Treasury International Capital or TIC statement is a major component of the American capital account and gives valuable insight into foreign demand for American investments and dollar.

A positive figure indicates that more capital is entering the US than leaving as sales of American securities to foreigners exceed American purchases of foreign securities. Such positive figures suggest that American security markets are competitive with those of other countries. Foreign security purchases are especially important in the case of a trade deficit, as a positive figure can offset the depreciating effect of a trade shortfall. On the contrary, a negative or declining TICS figure reflects a declining capital flow picture. Outflows are indicative of weaker demand for US assets which puts downward pressure on the value of the dollar.

A key feature of the TIC data is its measurement of the types of investors the dollar has; governments and private investors. Usually, a strong government holding of dollar denominated assets signals growing dollar optimism as it shows that governments are confident in the stability of the US dollar. Most importantly seems to be the purchases of Asian central banks such as that of Japan and China. Waning demand by these two behemoth US Treasury holders could be bearish for the US dollar. As for absolute amount of foreign purchases, the market generally likes to see purchases be much stronger than the funding needs of that same month's trade deficit. If it is not, it signals that there is not enough dollars coming in to match dollar going out of the country.

2.0
Oct, 19 01:30
★★★
Monetary Policy Meeting Minutes
Monetary Policy Meeting Minutes
Country:
Date: Oct, 19 01:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
It's a detailed record of the RBA Reserve Bank Board's most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.
Oct, 19 13:30
★★
Building Permits
Building Permits
Country:
Date: Oct, 19 13:30
Importance: Medium
Previous: 1728K; 6.0%
Forecast: -
Actual: -
Period: Sep

The number of new building projects authorized for construction. The figure is widely used as an indicator for developments in the housing market, since receiving a permit to build is the first step in the construction process. Thus growth in Building Permits reflects growth in the construction sector. Also, due to the high outlays needed for construction projects, an increase in Building Permits suggests corporate and consumer optimism. Additionally, because leading indicators for the housing market respond quickly to changes in the business cycle, the Building Permit figure can act as a leading indicator for the economy as a whole.

The headline is the seasonally adjusted percentage change in Building Permits from the previous month.

1728K; 6.0%
Oct, 19 13:30
★★
Housing Starts
Housing Starts
Country:
Date: Oct, 19 13:30
Importance: Medium
Previous: 1615K; 3.9%
Forecast: -
Actual: -
Period: Sep

Gauges the change in the number of new houses built in the United States. Housing Starts are one of the earliest indicators of the housing market, only trailing Building Permits in timeliness.

Because high outlays are needed to start construction projects, an increase in Housing Starts implies an increase in investment and business optimism. Finally, the Housing Starts figure gives insight into consumer activity, since new home purchases typically require a large investment for consumers. Given such connections to consumer and corporate sentiment, real estate generally leads economic developments. A sharp drop in new home construction is a warning signal of economic slowdown. Conversely, a rebound in the Housing Starts paves the way for economic recovery.

Housing Starts data is differentiated by building types (single family houses, 2 to 4 residence units and 5 or more residence units). The single family housing starts is a more reliable economic indicator than multi family housing starts, as single family house building is driven by demand and consumer confidence, whereas multi family house building is more often motivated by speculative real estate investors. The report headline is expressed in volume of houses built. The figures are in the thousands of units.

1615K; 3.9%
Oct, 19 15:30
Leading Index (Conference Board)
Leading Index (Conference Board)
Country:
Date: Oct, 19 15:30
Importance: Low
Previous: 117.3; 0.3%
Forecast: -
Actual: -
Period: Aug

The Index includes account inventory ratios, machinery orders, stock prices and other leading economic indicators. As the aggregate of many leading indices the Leading Economic Index provides a forecast of the future state of the domestic economy and is thought to predict activity that will occur 6-9 months after the reporting period.

The index operates on a 1-100 scale, where a value lower than 50 means that most indictors are negative and a value higher than 50 means most indicators are positive. In both cases a greater distance from the midpoint (50) means that the indicators are more strongly positive or negative.

117.3; 0.3%
Oct, 20 00:30
MI Leading Index
MI Leading Index
Country:
Date: Oct, 20 00:30
Importance: Low
Previous: -0.3%
Forecast: -
Actual: -
Period: Sep

A leading indicator for Australian economic activity calculated by Melbourne Institute.

-0.3%
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