Date
GMT+00:00
Event Value
Dec, 19 18:00
Baker Hughes U.S. Rig Count
Baker Hughes U.S. Rig Count
Country:
Date: Dec, 19 18:00
Importance: Low
Previous: 548
Forecast: -
Actual: 542
Period: Dec
The Baker Hughes rig count is an important business barometer for the oil drilling industry. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for oil products.
542
Dec, 19 15:00
Consumer Confidence
Consumer Confidence
Country:
Date: Dec, 19 15:00
Importance: Low
Previous: -14.2
Forecast: -14.0
Actual: -14.6
Period: Dec

Consumer confidence is a measure of popular sentiment concerning the Eurozone economy. The figure is derived from a survey that asks thousands of consumers about personal expenditure patterns and inflationary expectations. In general, rising consumer confidence precedes increased consumer spending, which drives both economic growth and inflation. Even though t he Italian economy is heavily driven by its export sector, domestic consumer confidence is an important gauge of overall economic activity and future inflationary pressures.

A headline figure above 50 shows positive consumer sentiment, while a number below 50 shows negative consumer sentiment; the greater the distance, the stronger the sentiment.

-14.6
Dec, 19 15:00
UoM Inflation Expectations
UoM Inflation Expectations
Country:
Date: Dec, 19 15:00
Importance: Low
Previous: 4.1%; 3.2%
Forecast: 4.1%; 3.2%
Actual: 4.2%; 3.2%
Period: Dec
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).
4.2%; 3.2%
Dec, 19 15:00
★★
Existing Home Sales
Existing Home Sales
Country:
Date: Dec, 19 15:00
Importance: Medium
Previous: 4.11M; 1.5%
Forecast: 4.15M
Actual: 4.13M; 0.5%
Period: Nov

Records sales of previously owned homes in the United States . This report provides a fairly accurate assessment of housing market conditions, and because of the sensitivity of the housing market to business cycle twists, it can be an important indicator of overall conditions at times when housing is particularly important to the economy.

While used home sales are not counted in GDP, they do affect the United States economy. Sellers of used homes often use capital gains from property sales on consumption that stimulate the economy. Higher levels of consumer spending may also increase inflationary pressures, even as they help grow the economy.

The existing home sales report is not as timely as other housing indicators like New Home Sales or Building Permits. By the time the Existing Home Sales are recorded, market conditions may have changed.

The headline is the total value of properties sold.

4.13M; 0.5%
Dec, 19 14:00
NBB Business Climate
NBB Business Climate
Country:
Date: Dec, 19 14:00
Importance: Low
Previous: -8.2
Forecast: -7.8
Actual: -11.9
Period: Dec

Assesses overall business environment in a country.

-11.9
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