Date
GMT+01:00
Event Previous Forecast Actual
Aug, 28 08:00
KOF Economic Barometer
KOF Economic Barometer
Country:
Date: Aug, 28 08:00
Importance: Low
Previous: 103.5
Forecast: 103.0
Actual: -
Period: Aug

The Swiss KOF Economic Barometer is a leading indicator which measures overall economic activity and is an excellent indicator of the direction of the Swiss economy. The KOF Economic Barometer is one or two quarters ahead of the GDP growth rate of the previous year and thus enables an initial estimate to be made of how the Swiss economy will perform in the next or in the next two quarters.

The Barometer is ultimately adjusted to take account of seasonal fluctuations and random factors. The Barometer is published monthly.

103.5 103.0 -
Aug, 28 08:55
★★
Unemployment Change
Unemployment Change
Country:
Date: Aug, 28 08:55
Importance: Medium
Previous: 6K
Forecast: 4K
Actual: -
Period: Jul

The indicator shows the number of unemployed people in Germany.

6K 4K -
Aug, 28 08:55
★★
Unemployment Rate
Unemployment Rate
Country:
Date: Aug, 28 08:55
Importance: Medium
Previous: 6.4%
Forecast: 6.4%
Actual: -
Period: Jul

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.

6.4% 6.4% -
Aug, 28 13:30
★★★
Gross Domestic Product
Gross Domestic Product
Country:
Date: Aug, 28 13:30
Importance: High
Previous: 0.3%; 1.7%
Forecast: 0.2%
Actual: -
Period: Jun

A comprehensive measure of Canada's overall production and consumption of goods and services. GDP is a significant report in FX Market, serving 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 Canadian Dollar, while negative readings are generally bearish.

Most production reports that lead to Canadian 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.

0.3%; 1.7% 0.2% -
Aug, 28 14:45
Chicago Purchasing Managers Index
Chicago Purchasing Managers Index
Country:
Date: Aug, 28 14:45
Importance: Low
Previous: 57.6
Forecast: 57.8
Actual: -
Period: Aug

Monthly measure of the business conditions based on surveys of purchasing managers across Illinois, Indiana and Michigan. Released on the last business day of the reporting month, the report's significance has recently declined, with its only significance being that it precedes the more anticipated ISM report. Subsequently, it is used to predict the ISM report as the Chicago survey retains a high correlation with the broader economic release.

Referring to a benchmark of 50, the report is considered to reflect expansion when printing a reading of 50 or higher. Conversely, a reading of 49 and lower would be indicative of contraction.

57.6 57.8 -