Economic Calendar

Time
Currency
Country
Impact
Events
Period
Actual
Forecast
Previous
00:45
CHF
Switzerland
Unemployment Rate SA
April
3.1%
3.3%
3.3%
01:00
EUR
Germany
Trade Balance
March
14.3 B EUR
19.5 B EUR
18.9 B EUR R (19.1 B EUR)
01:00
EUR
Germany
Industrial Production m/m
March
2.5%
2.3%
-1.9% R (-1.6%)
01:45
EUR
France
Current Account
March
-2.90 B EUR
-
-2.20 B EUR R (-2.60 B EUR)
01:45
EUR
France
Industrial Production m/m
March
0.8%
2.0%
-4.8% R (-4.7%)
01:45
EUR
France
Trade Balance
March
-6.1 B EUR
-
-5.1 B EUR R (-5.3 B EUR)
02:00
EUR
Spain
Industrial Production y/y
March
12.4%
12.6%
-2.3% R (-2.1%)
03:00
EUR
Italy
Retail Sales m/m
March
-0.1%
-
5.9% R (6.6%)
03:00
EUR
Italy
Retail Sales y/y
March
22.9%
-
-5.7%
07:30
USD
United States
Unemployment Rate
April
6.1%
5.8%
6.0%
07:30
CAD
Canada
Unemployment Rate
April
8.1%
7.8%
7.5%
07:30
USD
United States
Change in Non-Farm Payrolls
April
266 000
978 000
770 000 R (916 000)
07:30
USD
United States
Average Hourly Earnings m/m
April
0.7%
0.1%
-0.1%
07:30
USD
United States
Average Weekly Hours
April
35.0 hours
34.9 hours
34.9 hours
09:00
CAD
Canada
IVEY PMI
April
60.6
60.5
72.9
14:00
USD
United States
Consumer Credit
March
 
5.00 B USD
27.58 B USD
00:45
Unemployment Rate SA
SwitzerlandCHF
Period
April
Actual
3.1%
Forecast
3.3%
Previous
3.3%
For short term indicators, the cycles that are relevant for the economic trends and which by definition have periodicities longer than one year, are generally affected by considerable short-term fluctuations (trend, economic fluctuations, seasonal fluctuations, calendar fluctuations, residual or irregular fluctuations). As a consequence, analysing the current business-cycle phase is quite difficult. To improve the accuracy of the economic trend analyses, it is common to apply mathematical filtering techniques to remove such fluctuations from the time series.
01:00
Trade Balance
GermanyEUR
Period
March
Actual
14.3 B EUR
Forecast
19.5 B EUR
Previous
18.9 B EUR R (19.1 B EUR)
The German foreign trade statistics describe the cross-border trading of goods between the Federal Republic of Germany and other countries. The cross-border trading of goods is presented in a breakdown by general trade and special trade. General trade, as a rule, covers all goods moved into or moved out of Germany. Basically, special trade only covers goods that are imported into Germany for use, consumption, treatment or processing, and goods exported that were produced, treated or processed in the country. The difference between general and special trade consists mainly in (not) covering imports and exports via (customs and free zone) warehouses.
01:00
Industrial Production m/m
GermanyEUR
Period
March
Actual
2.5%
Forecast
2.3%
Previous
-1.9% R (-1.6%)
The production index measures the monthly performance of the industry in Germany. Due to its periodicity, its rapid availability and detailed breakdown by branches of economic activity, it is a central and up-to-date indicator of the development of business activity. Every month, the statistical offices of the Länder conduct a nationwide survey at local units of manufacturing with 50 employees or more. This survey collects quantity and value information on the monthly production of more than 6 000 industrial products. This is the percentage change compared with the previous month.
01:45
Current Account
FranceEUR
Period
March
Actual
-2.90 B EUR
Forecast
-
Previous
-2.20 B EUR R (-2.60 B EUR)
It measures economic transactions of an economy with the rest of the world, for a specific time period. The transactions are for the most part between residents and non-residents of the economy. The transactions included comprise: goods, services, and income; those involving financial claims on and liabilities to the rest of the world; and transfers. A transaction is defined as an economic flow that reflects the creation, transformation, exchange, transfer, or extinction of economic value and involves changes in ownership, of goods or assets, the provision of services, labour or capital.
01:45
Industrial Production m/m
FranceEUR
Period
March
Actual
0.8%
Forecast
2.0%
Previous
-4.8% R (-4.7%)
The industrial production index (IPI) covers 90.8% of the value added of 'non-artisan enterprises,' i.e., firms with 10 or more employees in industry. The index does not cover recycling. The 'total goods-producing industries' field matches Eurostat's 'total industry' index. The products tracked by the surveys are situated at all levels of the manufacturing processes, and so provide the fullest possible picture of overall industrial activity. This is the percentage change compared with the previous month.
01:45
Trade Balance
FranceEUR
Period
March
Actual
-6.1 B EUR
Forecast
-
Previous
-5.1 B EUR R (-5.3 B EUR)
It measures the difference between imports and exports data in billions of EUR. 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.
02:00
Industrial Production y/y
SpainEUR
Period
March
Actual
12.4%
Forecast
12.6%
Previous
-2.3% R (-2.1%)
The Industrial Production Index (IPI) is a situational indicator that measures the monthly development of productive activity of industrial branches, excluding construction. It therefore measures the joint development of quantity and quality, eliminating the influence of prices. To obtain this a continuous monthly survey is carried out, which investigates more than 13 200 industrial establishments every month. This is the percentage change compared with the corresponding period in the previous year.
03:00
Retail Sales m/m
ItalyEUR
Period
March
Actual
-0.1%
Forecast
-
Previous
5.9% R (6.6%)
The index measures monthly changes in the value of sales of major retail outlets. The value of sales is defined as the total amount billed to consumers including VAT, interest on credit sales and additional charges for delivery but excluding discounts. The total sample includes about 8 000 enterprises distributed in 16 000 sale centres in the national territory in order to guarantee that main geographical areas are represented in the sample. Large retail outlets are covered. These are department stores, chain stores and co-operatives with 20 employees and more. Hard discount stores and mini markets are included in the survey. This is the percentage change compared with the previous month.
03:00
Retail Sales y/y
ItalyEUR
Period
March
Actual
22.9%
Forecast
-
Previous
-5.7%
The index measures monthly changes in the value of sales of major retail outlets. The value of sales is defined as the total amount billed to consumers including VAT, interest on credit sales and additional charges for delivery but excluding discounts. The total sample includes about 8 000 enterprises distributed in 16 000 sale centres in the national territory in order to guarantee that main geographical areas are represented in the sample. Large retail outlets are covered. These are department stores, chain stores and co-operatives with 20 employees and more. Hard discount stores and mini markets are included in the survey. This is the percentage change compared with the corresponding period in the previous year.
07:30
Unemployment Rate
United StatesUSD
Period
April
Actual
6.1%
Forecast
5.8%
Previous
6.0%
People are classified as unemployed if they meet all of the following criteria: They had no employment during the reference week; they were available for work at that time; and they made specific efforts to find employment sometime during the 4-week period ending with the reference week. Persons laid off from a job and expecting recall need not be looking for work to be counted as unemployed. The unemployment data derived from the household survey in no way depend upon the eligibility for or receipt of unemployment insurance benefits. The civilian labour force is the sum of employed and unemployed persons. Those not classified as employed or unemployed are not in the labour force. The unemployment rate is the number unemployed as a percent of the labour force. The labour force participation rate is the labour force as a percent of the population, and the employment-population ratio is the employed as a percent of the population.
07:30
Unemployment Rate
CanadaCAD
Period
April
Actual
8.1%
Forecast
7.8%
Previous
7.5%
The Labour Force Survey (LFS) is a monthly survey involving around 50 000 Canadian households. The goal of the survey is to provide a detailed, current picture of the labour market across the country. The unemployment rate is the percentage of total labour force that is unemployed and actively seeking employment during the previous month.
07:30
Change in Non-Farm Payrolls
United StatesUSD
Period
April
Actual
266 000
Forecast
978 000
Previous
770 000 R (916 000)
The Current Employment Statistics (CES) program, also known as the payroll survey or the establishment survey, is a monthly sample of nearly 400 000 business establishments nationwide. An establishment is an economic unit that produces goods or services, such as a factory, mine, or store. The survey series are estimates of nonfarm wage and salary jobs, not an estimate of employed persons; an individual with two jobs is counted twice by the payroll survey. The CES employment series excludes workers in agriculture and private households and the self-employed. Employment is the total number of persons employed full or part time in nonfarm establishments during a specified payroll period. Temporary employees are included. CES first preliminary estimates of employment, hours, and earnings are published each month approximately 3 weeks after the reference period. Estimates are then revised twice before being held constant until the annual benchmarking process. Second preliminary estimates for a given month are published the month following the initial release, and final sample-based estimates are published 2 months after the initial release.
07:30
Average Hourly Earnings m/m
United StatesUSD
Period
April
Actual
0.7%
Forecast
0.1%
Previous
-0.1%
Average hourly earnings series, derived by dividing gross payrolls by total hours, reflect the actual earnings of workers, including premium pay. They differ from wage rates, which are the amounts stipulated for a given unit of work or time. Average hourly earnings do not represent total labour costs per hour for the employer, because they exclude retroactive payments and irregular bonuses, employee benefits, and the employer's share of payroll taxes. This is the percentage change compared with the previous month.
07:30
Average Weekly Hours
United StatesUSD
Period
April
Actual
35.0 hours
Forecast
34.9 hours
Previous
34.9 hours
Total hours during the pay period include all hours worked (including overtime hours), hours paid for standby or reporting time, and equivalent hours for which employees received pay directly from the employer for sick leave, holidays, vacations, and other leave. The average weekly hours derived from paid total hours reflect the effects of such factors as unpaid absenteeism, labor turnover, part-time work, and strikes, as well as fluctuations in work schedules.
09:00
IVEY PMI
CanadaCAD
Period
April
Actual
60.6
Forecast
60.5
Previous
72.9
The Ivey PMI (Purchasing Manager's Index), sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, shows month to month variation in economic activity. The Ivey Purchasing Manager's Index measures changes in dollars of purchases as indicated by a panel of purchasing managers from across Canada. The 175 participants in this survey have been carefully selected geographically and by sector of activity to match the Canadian economy as a whole. The index includes both the public and private sectors. Index panel members indicate whether their organizations activity is higher than the same as, or lower than the previous month across the following five categories: purchases, employment, inventories, supplier deliveries and prices. The Ivey PMI shows responses to one question: "Were your purchases last month in dollars higher, the same, or lower than the previous month?" A figure above 50 shows an increase while below 50 shows a decrease.
14:00
Consumer Credit
United StatesUSD
Period
March
Actual
 
Forecast
5.00 B USD
Previous
27.58 B USD
It covers most short - and intermediate-term credit extended to individuals, excluding loans secured by real estate.

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