Date GMT+01:00 |
Event | Previous | Forecast | Actual | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
May, 16 13:30 |
★★ |
Building Permits
Building Permits
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. |
1482K; 1.6% | 1450K | - | ||||||||||||||
May, 16 13:30 |
★★ |
Housing Starts
Housing Starts
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. |
1324K; -11.4% | 1370K | - | ||||||||||||||
May, 16 13:30 |
★ |
Import price index
Import price index
This index reflects import price change per month. |
-0.1%; 0.9% | -0.4% | - | ||||||||||||||
May, 16 13:30 |
★ |
Foreign Securities Purchases
Foreign Securities Purchases
Summarizes the flow of stocks, bonds, and money market funds to and from Canada. |
-6.46 | - | - | ||||||||||||||
May, 16 15:00 |
★ |
UoM Inflation Expectations
UoM Inflation Expectations
The Michigan Consumer Sentiment Index released by the University of Michigan is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money. Generally speaking, a high reading anticipates positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
|
6.5%; 4.4% | - | - |