Date
GMT+01:00
Event Previous Forecast Actual
Jul, 01 08:55
★★
Unemployment Change
Unemployment Change
Country:
Date: Jul, 01 08:55
Importance: Medium
Previous: 34K
Forecast: 18K
Actual: -
Period: May

The indicator shows the number of unemployed people in Germany.

34K 18K -
Jul, 01 08:55
★★
Unemployment Rate
Unemployment Rate
Country:
Date: Jul, 01 08:55
Importance: Medium
Previous: 6.3%
Forecast: 6.4%
Actual: -
Period: May

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.

6.3% 6.4% -
Jul, 01 09:00
★★
PMI Manufacturing
PMI Manufacturing
Country:
Date: Jul, 01 09:00
Importance: Medium
Previous: 49.4
Forecast: 49.4
Actual: -
Period: Jun

The Euro-zone Manufacturing Purchasing Managers Index (PMI) assesses business conditions in the manufacturing sector. Because the manufacturing sector represents nearly a quarter of total Euro-zone GDP, the Euro-zone Manufacturing PMI is both a significant and timely indicator of business conditions and the general health of the economy. Results are quantified in an index in which values above 50 indicate an expected increase of business conditions and values below 50 signal an expected deterioration.

49.4 49.4 -
Jul, 01 09:30
★★
PMI Manufacturing
PMI Manufacturing
Country:
Date: Jul, 01 09:30
Importance: Medium
Previous: 47.7
Forecast: 47.7
Actual: -
Period: Jun

A monthly gauge of manufacturing activity and future outlook. It is comparable to the US ISM survey, similarly 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.

47.7 47.7 -
Jul, 01 10:00
★★
Consumer Price Index
Consumer Price Index
Country:
Date: Jul, 01 10:00
Importance: Medium
Previous: 1.9%
Forecast: 2.0%
Actual: -
Period: Jun

CPI is the key gauge for inflation in the Eurozone. Inflation, simply put, is a decline in the purchasing power of the Euro, where each Euro buys fewer goods and services due to higher consumer prices. The index tracks changes in the price of a basket of goods and services that a typical household might purchase. When the CPI is high, it indicates that significant inflationary pressures exist in Eurozone economies. This puts pressure on the European Central Bank to raise interest rates. When CPI comes out lower than expected, the ECB is expected to lower interest rates, or keep them lower, to encourage economic growth. As a rule, the Bank adjusts rates in order to keep Europe consumer price inflation in the 0 to 2 percent range.

1.9% 2.0% -