Economic Calendar

Time
Currency
Country
Impact
Events
Period
Actual
Forecast
Previous
01:00
EUR
Germany
Factory Orders m/m
March
3.0%
1.7%
1.4% R (1.2%)
01:00
NOK
Norway
Manufacturing Production m/m
March
0.7%
-
-0.4%
03:00
NOK
Norway
Interest Rate Decision
06.05.2021
0.00%
0.00%
0.00%
03:30
GBP
United Kingdom
Markit/CIPS Services PMI
April
61.0
60.1
56.3
04:00
EUR
Eurozone
Retail Sales m/m
March
2.7%
1.5%
4.2% R (3.0%)
04:00
EUR
Eurozone
Retail Sales y/y
March
12.0%
9.6%
-1.5% R (-2.9%)
06:00
GBP
United Kingdom
Bank of England Interest Rate Decision
06.05.2021
0.10%
0.10%
0.10%
06:15
EUR
Eurozone
ECB Press Conference, ECB President Speaks
06.05.2021
 
-
-
07:30
USD
United States
Non-Farm Productivity q/q
Q1
5.4%
4.3%
-3.8% R (-4.2%)
07:30
USD
United States
Unit Labour Costs q/q
Q1
-0.3%
-0.8%
5.6% R (6.0%)
07:30
USD
United States
Initial Jobless Claims
Week ending 06.05.2021
498 000
540 000
590 000 R (553 000)
08:00
USD
United States
Fed's Williams Speaks
06.05.2021
 
-
-
09:30
USD
United States
Natural Gas Storage
Week ending 30.04.2021
1958 BCF
-
1898 BCF
17:30
AUD
Australia
AIG Services Index
April
61.0
-
58.7
22:21
CNY
China
Trade Balance
April
42.86 B US dollars
28.10 B US dollars
13.80 B US dollars
01:00
Factory Orders m/m
GermanyEUR
Period
March
Actual
3.0%
Forecast
1.7%
Previous
1.4% R (1.2%)
The total of orders received comprises the value (excluding turnover tax) of all orders definitely accepted by the local units in manufacturing with 50 employees and over in the respective reference month. These orders refer to products from own production or from contract processing by other firms. The monthly indices of orders received in manufacturing rank among the most important early indicators for monitoring and analysing the short-term economic development in Germany. This is the percentage change, compared with the previous month.
01:00
Manufacturing Production m/m
NorwayNOK
Period
March
Actual
0.7%
Forecast
-
Previous
-0.4%
The primary goal of the Production Index is to monitor the development of added value (production minus intermediate consumption) in the industries. Manufacturing makes up around 80% of total Industrial Production and tends to dominate the market impact. This is the percentage change compared with the previous month.
03:00
Interest Rate Decision
NorwayNOK
Period
06.05.2021
Actual
0.00%
Forecast
0.00%
Previous
0.00%
Norges Bank is Norway's central bank. Norges Bank has executive and advisory responsibilities in the area of monetary policy and is responsible for promoting robust and efficient payment systems and financial markets. The operational target of monetary policy is the annual consumer price inflation to be close to 2.5 per cent over time. Monetary policy also contributes to stabilizing output and employment. Norges Bank's most important monetary policy instrument is the key policy rate, which is the interest rate on banks deposits in Norges Bank. The key rate influences short-term money market rates. The key rate and expectations concerning future developments in the key rate are decisive for banks' deposit and lending rates and for bond yields. Norges Bank's Executive Board sets the key rate. The Executive Board is appointed by the King in Council, and is made up of the Governor, the Deputy Governor and five external members. The Executive Board functions as a unified group and the members are collectively responsible for the Bank's decisions. On the basis of the analysis and discussion, the Executive Board assesses the consequences for future interest rate developments and adopts a monetary policy strategy, including alternative strategies. The decision to adopt a monetary policy strategy is made on the same day as the report is published.
03:30
Markit/CIPS Services PMI
United KingdomGBP
Period
April
Actual
61.0
Forecast
60.1
Previous
56.3
Services CIPS (The Chartered Institute of Purchasing and Supply): A monthly gauge of the UK service sector that takes into account business outlook. The survey queries executives in transport and communications, financial intermediation, business services, personal services, computing and IT, hotels and restaurants. Purchasing managers are asked about the future demand, and adjusting orders for materials accordingly. The index is presented as an index with a value between 1-100. Values above 50 indicate that the economic outlook is positive. Alternately, readings below 50 mean future outlook is less favourable.
04:00
Retail Sales m/m
EurozoneEUR
Period
March
Actual
2.7%
Forecast
1.5%
Previous
4.2% R (3.0%)
The Retail Trade Turnover Indices are business cycle indicators which show the monthly activity of the retail sector in value and volume. The volume measure of the retail trade turnover index is more commonly referred to as the index of the volume of (retail) sales. They are short-term indicators for final domestic demand. This is the percentage change compared with the previous month.
04:00
Retail Sales y/y
EurozoneEUR
Period
March
Actual
12.0%
Forecast
9.6%
Previous
-1.5% R (-2.9%)
The Retail Trade Turnover Indices are business cycle indicators which show the monthly activity of the retail sector in value and volume. The volume measure of the retail trade turnover index is more commonly referred to as the index of the volume of (retail) sales. They are short-term indicators for final domestic demand. This is the percentage change compared with the corresponding period in the previous year.
06:00
Bank of England Interest Rate Decision
United KingdomGBP
Period
06.05.2021
Actual
0.10%
Forecast
0.10%
Previous
0.10%
The decisions on interest rates are announced at 12 noon (GMT) immediately following the Thursday meeting. The Bank seeks to meet the inflation target by setting an interest rate. The level of interest rates is decided by a special committee – the Monetary Policy Committee. The MPC consists of nine members – five from the Bank of England and four external members appointed by the Chancellor. It is chaired by the Governor of the Bank of England. Decisions of the Monetary Policy Committee are made on a one-person one-vote basis, with the Governor having the casting vote if there is no majority. The Bank's monetary policy objective is to deliver price stability – low inflation – and, subject to that, to support the Government's economic objectives including those for growth and employment. Price stability is defined by the Government's inflation target of 2%. Interest rates would be changing all the time, and by large amounts, causing unnecessary uncertainty and volatility in the economy.
06:15
ECB Press Conference, ECB President Speaks
EurozoneEUR
Period
06.05.2021
Actual
 
Forecast
-
Previous
-
07:30
Non-Farm Productivity q/q
United StatesUSD
Period
Q1
Actual
5.4%
Forecast
4.3%
Previous
-3.8% R (-4.2%)
These productivity measures describe the relationship between real output and the labour time involved in its production. They show the changes from period to period in the amount of goods and services produced per hour. Although these measures relate output to hours at work of all persons engaged in a sector, they do not measure the specific contribution of labour, capital, or any other factor of production. Rather, they reflect the joint effects of many influences, including changes in technology; capital investment; level of output; utilization of capacity, energy, and materials; the organization of production; managerial skill; and the characteristics and effort of the work force. This is the percentage change compared with the previous quarter.
07:30
Unit Labour Costs q/q
United StatesUSD
Period
Q1
Actual
-0.3%
Forecast
-0.8%
Previous
5.6% R (6.0%)
The measures of unit labour costs in this release describe the relationship between compensation per hour and productivity, or real output per hour, and can be used as an indicator of inflationary pressure on producers. Increases in hourly compensation increase unit labour costs; labour productivity increases offset compensation increases and lower unit labour costs. This is the percentage change compared with the previous quarter.
07:30
Initial Jobless Claims
United StatesUSD
Period
Week ending 06.05.2021
Actual
498 000
Forecast
540 000
Previous
590 000 R (553 000)
Initial Jobless Claims is a report issued by the U.S. Department of Labour on a weekly basis. 'Initial Claim' means any notice of unemployment filed to request a determination of entitlement to and eligibility for compensation or a second or subsequent period of unemployment with a benefit year or period of eligibility. This report tracks how many claims have been registered for the previous week. It is a good gauge of the U.S. job market.
08:00
Fed's Williams Speaks
United StatesUSD
Period
06.05.2021
Actual
 
Forecast
-
Previous
-
09:30
Natural Gas Storage
United StatesUSD
Period
Week ending 30.04.2021
Actual
1958 BCF
Forecast
-
Previous
1898 BCF
This report tracks U.S. natural gas inventories held in underground storage facilities. The weekly stocks generally are the volumes of working gas as of the report date. Changes in reported stock levels reflect all events affecting working gas in storage, including injections, withdrawals, and reclassifications between base and working gas. The estimates are released on Thursday at 15:30 GMT.
17:30
AIG Services Index
AustraliaAUD
Period
April
Actual
61.0
Forecast
-
Previous
58.7
The survey is provided by Australian Industry Group (AIG). AI Group's leading economists monitor the performance of Australia's manufacturing, services and construction sectors, provide economic forecasts and assessments of industry sectors, as well as a range of issue specific reports and surveys. The Australian Performance of Services Index (Australian PSI) is a seasonally adjusted national composite index based on the diffusion indexes for sales, new orders, employment, inventories and deliveries all with varying weights. An Australian PSI® reading above 50 points indicates that the service industry is generally expanding, below 50 that it is declining. The distance from 50 is indicative of the strength of the expansion or decline.
22:21
Trade Balance
ChinaCNY
Period
April
Actual
42.86 B US dollars
Forecast
28.10 B US dollars
Previous
13.80 B US dollars
The Trade Balance is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is called trade surplus and occurs when the value of exports is higher than that of imports; a negative balance of trade is called trade deficit or trade gap.

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