Economic Calendar

Time
Currency
Country
Impact
Events
Period
Actual
Forecast
Previous
01:30
SEK
Sweden
Services PMI
March
46.9
-
56.4 R (56.7)
02:00
EUR
Spain
Industrial Production y/y
March
-1.3%
2.1%
-2.2% R (-2.1%)
02:15
EUR
Spain
Services PMI
March
23.0
25.5
52.1
02:45
EUR
Italy
Services PMI
March
17.4
22.0
51.4
03:00
EUR
Eurozone
Final Services PMI
March
26.4
28.4
52.6
03:30
GBP
United Kingdom
Markit/CIPS Services PMI
March
34.5
34.8
53.2
04:00
EUR
Eurozone
Retail Sales m/m
February
0.9%
0.1%
0.7% R (0.6%)
04:00
EUR
Eurozone
Retail Sales y/y
February
3.0%
1.7%
2.2% R (1.7%)
07:30
USD
United States
Change in Non-Farm Payrolls
March
-701 000
-100 000
273 000
07:30
USD
United States
Unemployment Rate
March
4.4%
3.8%
3.5%
07:30
USD
United States
Average Hourly Earnings m/m
March
0.4%
0.2%
0.3%
07:30
USD
United States
Average Weekly Hours
March
34.2 hours
34.1 hours
34.3 hours
08:45
USD
United States
Markit US Services PMI - final data
March
39.8
39.1
39.1
09:00
USD
United States
ISM Non-Manufacturing Composite
February
52..5
45.0
57.8
01:30
Services PMI
SwedenSEK
Period
March
Actual
46.9
Forecast
-
Previous
56.4 R (56.7)
Silf and Swedbank AB made the first joint – internal – calculation of the Purchasing Managers’ Index for the service sector of the four indexes (PMI) during 2005. The models for PMI Services are the US-based Non-Manufacturing Index and the Swedish PMI, which has been published since November 1994. About 200 purchasing managers in the service sector are surveyed about New orders, Business activity, Employment and Suppliers' Delivery Times. The dividing line between growth and decline has been drawn at a total index of 50.
02:00
Industrial Production y/y
SpainEUR
Period
March
Actual
-1.3%
Forecast
2.1%
Previous
-2.2% 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.
02:15
Services PMI
SpainEUR
Period
March
Actual
23.0
Forecast
25.5
Previous
52.1
Purchasing Managers' Index (PMI) is based on monthly questionnaire surveys of carefully selected companies which provide an advance indication of what is really happening in the private sector economy by tracking changes in variables such as output, new orders, stock levels, employment and prices across the service sector. The PMI is the first economic indicators for each month, providing accurate evidence of changing economic conditions well ahead of comparable government statistics. 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.
02:45
Services PMI
ItalyEUR
Period
March
Actual
17.4
Forecast
22.0
Previous
51.4
Purchasing Managers' Index (PMI) is based on monthly questionnaire surveys of carefully selected companies which provide an advance indication of what is really happening in the private sector economy by tracking changes in variables such as output, new orders, stock levels, employment and prices across the service sector. The PMI is the first economic indicators for each month, providing accurate evidence of changing economic conditions well ahead of comparable government statistics. 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. The survey is compiled by Markit Economics in association with ADACI (www.adaci.it).
03:00
Final Services PMI
EurozoneEUR
Period
March
Actual
26.4
Forecast
28.4
Previous
52.6
Purchasing Managers' Index (PMI) is based on monthly questionnaire surveys of carefully selected companies which provide an advance indication of what is really happening in the private sector economy by tracking changes in variables such as output, new orders, stock levels, employment and prices across the service sector. 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. The survey is compiled by Markit Economics. This is the final estimate.
03:30
Markit/CIPS Services PMI
United KingdomGBP
Period
March
Actual
34.5
Forecast
34.8
Previous
53.2
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
February
Actual
0.9%
Forecast
0.1%
Previous
0.7% R (0.6%)
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
February
Actual
3.0%
Forecast
1.7%
Previous
2.2% R (1.7%)
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.
07:30
Change in Non-Farm Payrolls
United StatesUSD
Period
March
Actual
-701 000
Forecast
-100 000
Previous
273 000
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
Unemployment Rate
United StatesUSD
Period
March
Actual
4.4%
Forecast
3.8%
Previous
3.5%
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
Average Hourly Earnings m/m
United StatesUSD
Period
March
Actual
0.4%
Forecast
0.2%
Previous
0.3%
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
March
Actual
34.2 hours
Forecast
34.1 hours
Previous
34.3 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.
08:45
Markit US Services PMI - final data
United StatesUSD
Period
March
Actual
39.8
Forecast
39.1
Previous
39.1
The US Services PMI (Purchasing Managers’ Index) is based on original survey data collected from a representative panel of over 400 companies in the US service sector. It is a composite index based on five of the individual indexes: New Orders, Output, Employment, Suppliers’ Delivery Times, Stocks of Items Purchased. An index reading above 50 indicates an overall increase in that variable. The final US Services PMI follows on from the flash estimate and is designed to provide an accurate advance indication of the final PMI data. Data is collected and published by Markit Economics (www.markiteconomics.com).
09:00
ISM Non-Manufacturing Composite
United StatesUSD
Period
February
Actual
52..5
Forecast
45.0
Previous
57.8
The Non-Manufacturing ISM Report On Business is based on data compiled from purchasing and supply executives nationwide. Membership of the Non-Manufacturing Business Survey Committee is diversified by NAICS, based on each industry's contribution to gross domestic product (GDP). Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (Business Activity, New Orders, Backlog of Orders, New Export Orders, Inventory Change, Inventory Sentiment, Imports, Prices, Employment and Supplier Deliveries), this report shows the percentage reporting each response, and the diffusion index.. The NMI is a composite index based on the diffusion indexes for four of the indicators with equal weights: Business Activity (seasonally adjusted), New Orders (seasonally adjusted), Employment (seasonally adjusted) and Supplier Deliveries. Diffusion indexes have the properties of leading indicators and are convenient summary measures showing the prevailing direction of change and the scope of change. An index reading above 50 percent indicates that the non-manufacturing economy in that index is generally expanding; below 50 percent indicates that it is generally declining. Supplier Deliveries is an exception. A Supplier Deliveries Index above 50 points indicates slower deliveries and below 50 points indicates faster deliveries. The Non-Manufacturing ISM Report On Business® is published monthly by the Institute for Supply Management, the largest supply management research and education organization in the United States.

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