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Economic Calendar

Time
Currency
Country
Impact
Events
Period
Actual
Forecast
Previous
01:00
EUR
Germany
Final Gross Domestic Product q/q
Q1
0.7%
0.7%
0.7%
01:00
EUR
Germany
Final Gross Domestic Product y/y
Q1
1.3%
1.3%
1.3%
01:00
CHF
Switzerland
Trade Balance
April
2.5 B CHF
3.14 B CHF
2.16 B CHF
01:00
EUR
Finland
Unemployment Rate
April
9.8%
-
9.2%
01:45
EUR
France
Business Confidence
May
104
104
104
02:30
SEK
Sweden
Unemployment Rate
April
7.3%
7.7%
7.7%
03:30
GBP
United Kingdom
Public Sector Net Borrowing
April
 
5.8 B GBP
4.2 B GBP
03:30
GBP
United Kingdom
Public Sector Net Borrowing ex Interventions
April
 
6.4 B pounds
4.8 B pounds
04:00
EUR
Germany
ZEW Economic Sentiment
May
 
12
11.2
04:00
EUR
Germany
ZEW Current Situation
May
 
49
47.7
04:00
EUR
Eurozone
ZEW Economic Sentiment
May
 
-
21.5
05:00
EUR
Eurozone
Eurogroup Meeting
24.05.2016
 
-
-
05:00
GBP
United Kingdom
CBI Distributive Trades
May
 
7
-13
08:00
CNY
China
Conference Board Leading Index m/m
April
 
-
0.6%
09:00
USD
United States
New Home Sales
April
 
0.521 M
0.511 M
09:00
USD
United States
Richmond FED Manufacturing Index
May
 
8
14
15:35
USD
United States
API Weekly Crude Stocks (Net Change)
Week ending 20.05.2016
 
-
-1.14 M Barrels
17:45
NZD
New Zealand
Trade Balance
April
 
-
0.117 B NZD
01:00
Final Gross Domestic Product q/q
GermanyEUR
Period
Q1
Actual
0.7%
Forecast
0.7%
Previous
0.7%
The gross domestic product (GDP) is a measure of the economic performance of a national economy over a given period. It indicates the value of the goods and services produced in the economic territory (value added) unless they are used as intermediate consumption for the production of other goods and services. In Germany, the gross domestic product is calculated applying the production and expenditure approaches. The production approach means that the gross domestic product is obtained by calculating the value added of all producers as the difference between the value of goods and services produced (output) and intermediate consumption, adding the taxes on products (such as tobacco, mineral oil and value added tax), and subtracting the subsidies on products. The gross domestic product may also be obtained through the demand side. What is calculated when applying the expenditure approach is the expenditure for the final use of goods and services, i.e. final consumption expenditure of households and government final consumption expenditure, capital formation and the balance of exports and imports (exports minus imports). The first provisional figures are revised several times in order to include statistical information that has become available in the meantime. This is the percentage change compared with the previous quarter.
01:00
Final Gross Domestic Product y/y
GermanyEUR
Period
Q1
Actual
1.3%
Forecast
1.3%
Previous
1.3%
The gross domestic product (GDP) is a measure of the economic performance of a national economy over a given period. It indicates the value of the goods and services produced in the economic territory (value added) unless they are used as intermediate consumption for the production of other goods and services. In Germany, the gross domestic product is calculated applying the production and expenditure approaches. The production approach means that the gross domestic product is obtained by calculating the value added of all producers as the difference between the value of goods and services produced (output) and intermediate consumption, adding the taxes on products (such as tobacco, mineral oil and value added tax), and subtracting the subsidies on products. The gross domestic product may also be obtained through the demand side. What is calculated when applying the expenditure approach is the expenditure for the final use of goods and services, i.e. final consumption expenditure of households and government final consumption expenditure, capital formation and the balance of exports and imports (exports minus imports). The first provisional figures are revised several times in order to include statistical information that has become available in the meantime. This is the percentage change compared with the corresponding period in the previous year.
01:00
Trade Balance
SwitzerlandCHF
Period
April
Actual
2.5 B CHF
Forecast
3.14 B CHF
Previous
2.16 B CHF
It measures the difference between imports and exports data in billions of CHF. Imports of goods measures the value of goods that enter the domestic territory of a country irrespective of their final destination. Exports of goods similarly measures the value of goods which leave the domestic territory of a country, irrespective of whether they have been processed in the domestic territory or not.
01:00
Unemployment Rate
FinlandEUR
Period
April
Actual
9.8%
Forecast
-
Previous
9.2%
The ratio of the unemployed to all persons in the labour force. The official unemployment rate is calculated as a percentage of the unemployed aged 15 to 74 among the population of the same age. All persons who are without work for the whole survey week, have been seeking a job actively in the past four weeks as an employee or a self-employed person and could accept a job within two weeks are classified as unemployed. All persons aged 15 to 74 who were employed or unemployed during the survey week belong to the labour force.
01:45
Business Confidence
FranceEUR
Period
May
Actual
104
Forecast
104
Previous
104
The business tendency survey results reflect businessmen's judgements on developments experienced in the recent past, the current situation and prospects for the next few months for their own enterprise. The survey questions relate to prospects for the industrial sector, production, orders and stocks of finished goods. 4 500 enterprises are surveyed each month, except in August, by the Economic Outlook Department of INSEE. The survey covers 70% of total sales in the manufacturing industry.
02:30
Unemployment Rate
SwedenSEK
Period
April
Actual
7.3%
Forecast
7.7%
Previous
7.7%
Up to and including March 2005, data refers to all persons of working age who during the reference week were not employed, but were willing and able to work and had looked for work (or would have looked for work if they had not been temporarily prevented from doing so) during the last four weeks. Also included are persons waiting to begin a job starting within three months. Data from 1976 include students who comply with ILO unemployment criteria. As from October 2007, the Swedish Labour Force Survey unemployment criteria also include students looking for job. The rate is calculated as the unemployed as a percentage of total labour force. Total labour force equals the employed plus the unemployed as defined in the labour force survey.
03:30
Public Sector Net Borrowing
United KingdomGBP
Period
April
Actual
 
Forecast
5.8 B GBP
Previous
4.2 B GBP
Public Sector Net Borrowing (PSNB). It measures the difference in value between spending and income for public corporations, the central government, and local governments during the previous month. If Net Borrowing is negative, it means the UK is running a budget surplus.
03:30
Public Sector Net Borrowing ex Interventions
United KingdomGBP
Period
April
Actual
 
Forecast
6.4 B pounds
Previous
4.8 B pounds
Since 2007/08, the Government has made several direct interventions in the UK financial sector as a response to the global financial crisis. As a result, some banks and financial institutions which were previously designated within National Accounts as private companies have been reclassified as public financial corporations (including Royal Bank of Scotland and Lloyds), which has had a marked impact on the public sector finances. In recognition of this, a measure of public sector net borrowing (referred to as PSNB ex) was introduced in the 2009 Pre-Budget Report.
04:00
ZEW Economic Sentiment
GermanyEUR
Period
May
Actual
 
Forecast
12
Previous
11.2
The ZEW (Zentrum für Europäische Wirtschaftsforschung) Indicator of Economic Sentiment is ascertained monthly. Up to 350 financial experts take part in the survey. The indicator reflects the difference between the share of analysts that are optimistic and the share of analysts that are pessimistic for the expected economic development in Germany in six months. Example: If 30 per cent of participants expect the German economic situation to improve within the next six months, 30 per cent expect no change and 40 per cent expect the economic situation to deteriorate, the ZEW Indicator of Economic Sentiment would take a value of -10. Thus, a positive number means that the share of optimists outweighs the share of pessimists and vice versa.
04:00
ZEW Current Situation
GermanyEUR
Period
May
Actual
 
Forecast
49
Previous
47.7
The ZEW (Zentrum für Europäische Wirtschaftsforschung) Current Situation Indicator focuses on the results of the survey that relate to the current health of the German economy. Up to 350 financial experts take part in the survey. They opinion on whether the current situation is improved, worsened, or unchanged are summarized as the number of positive responses minus the number of negative responses. A higher headline figure indicates a stronger economy and better business climate.
04:00
ZEW Economic Sentiment
EurozoneEUR
Period
May
Actual
 
Forecast
-
Previous
21.5
The ZEW (Zentrum für Europäische Wirtschaftsforschung) Indicator of Economic Sentiment is ascertained monthly. Up to 350 financial experts take part in the survey. The indicator reflects the difference between the share of analysts that are optimistic and the share of analysts that are pessimistic for the expected economic development in Eurozone in six months. Example: If 30 per cent of participants expect the economic situation of the Eurozone to improve within the next six months, 30 per cent expect no change and 40 per cent expect the economic situation to deteriorate, the ZEW Indicator of Economic Sentiment would take a value of -10. Thus, a positive number means that the share of optimists outweighs the share of pessimists and vice versa.
05:00
Eurogroup Meeting
EurozoneEUR
Period
24.05.2016
Actual
 
Forecast
-
Previous
-
The Eurogroup, the main forum for the management of the single currency area, is an informal body that brings together the finance ministers of countries whose currency is the euro. The Commission’s Vice-President for Economic and Monetary Affairs, as well as the President of the European Central Bank, also participate in Eurogroup meetings. The Eurogroup’s role is to ensure close coordination of economic policies within the euro area. It also aims to promote conditions for stronger economic growth, as well as to promote financial stability. The Eurogroup usually meets once a month, on the eve of the meeting of the Council of the European Union (Economic and Financial Affairs - ECOFIN).
05:00
CBI Distributive Trades
United KingdomGBP
Period
May
Actual
 
Forecast
7
Previous
-13
CBI (The Confederation of British Industry) Distributive Trades. This authoritative indicator of short-term trends in the UK retail and wholesale distribution sector carries significant weight in the formulation of economic policy at the Bank of England and within government. It is a highly respected barometer of high street trade. Aimed at senior executives and sales managers this survey tracks sales, orders and stocks.
08:00
Conference Board Leading Index m/m
ChinaCNY
Period
April
Actual
 
Forecast
-
Previous
0.6%
The Conference Board Leading Economic Index for China was launched in May 2010. It has successfully signalled turning points in the economic cycles of China. The six components of the Conference Board Leading Economic Index (LEI) for China include: Total Loans Issued by Financial Institutions, 5000 Industry Enterprises Diffusion Index (Raw Materials Supply Index), Manufacturing PMI Sub-indices (PMI Supplier Deliveries, Consumer Expectations Index, Export Orders). This is the percentage change compared to the previous month.
09:00
New Home Sales
United StatesUSD
Period
April
Actual
 
Forecast
0.521 M
Previous
0.511 M
Estimates of new single-family houses sold and for sale are obtained from the Survey of Construction (SOC). SOC is comprised of two parts: (1) Survey of Use of Permits (SUP) which estimates the amount of new home sales in areas that require a building permit and (2) Non-permit Survey (NP) which estimates the amount of new home sales in areas that do not require a building permit. A house is considered sold when either a sales contract has been signed or a deposit accepted. Included in the estimates are houses for which a sales contract is signed or deposit accepted before construction has actually started. The estimates also include houses sold while under construction or after completion. The survey does not follow through to the completion ('closing') of the sales transaction, so even if the transaction is not finalized, the house is still considered sold. A house is considered for sale when a permit to build has been issued in permit-issuing places or work has begun on the footings or foundation in nonpermit areas and a sales contract has not been signed nor a deposit accepted.
09:00
Richmond FED Manufacturing Index
United StatesUSD
Period
May
Actual
 
Forecast
8
Previous
14
The Manufacturing Index is a gauge of broad activity in the District's manufacturing sector. It is a composite index representing a weighted average of the shipments (33 percent), new orders (40 percent) and employment (27 percent) indexes. Zero acts as the breakpoint. All firms surveyed are located within the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia. Each month, the Survey of Manufacturing Activity is sent electronically or by mail to about 220 contacts whose firm type, firm size and location collectively match the profile of overall manufacturing in the District. Respondents provide information on current activity, including shipments, new orders, order backlogs, and inventories. In addition, manufacturers inform us about employment conditions, prices and their expectations of business activity for the next six months.
15:35
API Weekly Crude Stocks (Net Change)
United StatesUSD
Period
Week ending 20.05.2016
Actual
 
Forecast
-
Previous
-1.14 M Barrels
API Weekly Statistical Bulletin. The American Petroleum Institute (API) is the largest US trade association for the oil and natural gas industry, representing about 400 corporations involved in production, refinement, distribution, and many other aspects of the petroleum industry. The weekly statistical bulletin is published every Tuesday at 21:30 GMT. It reports total US and regional data about the major petroleum products, which represent more than 80% of total refinery production. Inventories of these products, as well as crude oil and unfinished oils, are also included.
17:45
Trade Balance
New ZealandNZD
Period
April
Actual
 
Forecast
-
Previous
0.117 B NZD
Data is obtained from export and import entry documents lodged with the New Zealand Customs Service (NZCS). Exports (including re-exports) are valued fob (free on board) and are shown in New Zealand dollars. Estimated values are used for goods that are not already sold at the time of export entry lodgement Imports are valued at cif (cost including insurance and freight) and are shown in New Zealand dollars. Trade balance values are calculated by deducting imports (cif) from exports (fob).

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