Date
GMT+01:00
Event Previous Forecast Actual
Apr, 29 13:00
★★
CPI
CPI
Country:
Date: Apr, 29 13:00
Importance: Medium
Previous: 1.1%; 2.7%
Forecast: 0.6%; 3.0%
Actual: -
Period: Apr

Assesses changes in the cost of living by measuring changes in the prices of consumer items. The CPI is the headline inflation figure that indicates the strength of domestic inflationary pressures. Simply put, inflation reflects a decline in the purchasing power of the Euro in Germany , where each Euro buys fewer goods and services. CPI is the most popular way to measure changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical German household might purchase. An increase in the index indicates that it takes more Euros to purchase this same set of basic consumer items.

The German CPI is significant as one of the primary gauges of inflation. As the largest Eurozone economy, inflation in Germany will contribute significantly to inflation in the Eurozone and the behavior of the European Central Bank. High or rising inflation acts as a signal to the ECB to raise interest rates, an action which will result in the strengthening of the Euro. The headline figure for CPI is the percentage change in monthly and annualized percentage term.

1.1%; 2.7% 0.6%; 3.0% -
Apr, 29 13:00
★★
Harmonized CPI
Harmonized CPI
Country:
Date: Apr, 29 13:00
Importance: Medium
Previous: 1.2%; 2.8%
Forecast: 0.7%; 3.0%
Actual: -
Period: Apr

The Harmonized Index of Consumer Prices (HICP) reflects changes in the prices of consumer goods and services in a specified period of time. The HICP measures changes of the average price level for goods and services that households consume (the fixed consumer basket). HICP is pure price index. It does not reflect the changes in buying or consumption patterns, brands, and does not reflect the effect of outlet and service provider substitution.

1.2%; 2.8% 0.7%; 3.0% -
Apr, 29 13:30
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Durable Goods Orders
Durable Goods Orders
Country:
Date: Apr, 29 13:30
Importance: Medium
Previous: -1.3%; 0.9%
Forecast: 0.4%; 0.4%
Actual: -
Period: Mar

The value of orders placed for relatively long-lasting goods. Durable Goods are expected to last more than three years. Such products often require large investments and usually reflect optimism on the part of the buyer that their expenditure will be worthwhile.

Because orders for goods have large sway over the actual production, this figure serves as an excellent forecast of US output to come. Durable Goods are typically sensitive to economic changes. When consumers become sceptical about economic conditions, sales of durable goods are one of the first to be impacted since consumers can delay purchases of durable items, like cars and televisions, only spending money on necessities in times of economic hardship. Conversely, when consumer confidence is restored, orders for durable goods rebound quickly.

-1.3%; 0.9% 0.4%; 0.4% -
Apr, 29 13:30
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Building Permits
Building Permits
Country:
Date: Apr, 29 13:30
Importance: Medium
Previous: -
Forecast: 1390K
Actual: -
Period: Mar

The number of new building projects authorized for construction. The figure is widely used as an indicator for developments in the housing market, since receiving a permit to build is the first step in the construction process. Thus growth in Building Permits reflects growth in the construction sector. Also, due to the high outlays needed for construction projects, an increase in Building Permits suggests corporate and consumer optimism. Additionally, because leading indicators for the housing market respond quickly to changes in the business cycle, the Building Permit figure can act as a leading indicator for the economy as a whole.

The headline is the seasonally adjusted percentage change in Building Permits from the previous month.

- 1390K -
Apr, 29 13:30
★★
Housing Starts
Housing Starts
Country:
Date: Apr, 29 13:30
Importance: Medium
Previous: -
Forecast: 1380K
Actual: -
Period: Mar

Gauges the change in the number of new houses built in the United States. Housing Starts are one of the earliest indicators of the housing market, only trailing Building Permits in timeliness.

Because high outlays are needed to start construction projects, an increase in Housing Starts implies an increase in investment and business optimism. Finally, the Housing Starts figure gives insight into consumer activity, since new home purchases typically require a large investment for consumers. Given such connections to consumer and corporate sentiment, real estate generally leads economic developments. A sharp drop in new home construction is a warning signal of economic slowdown. Conversely, a rebound in the Housing Starts paves the way for economic recovery.

Housing Starts data is differentiated by building types (single family houses, 2 to 4 residence units and 5 or more residence units). The single family housing starts is a more reliable economic indicator than multi family housing starts, as single family house building is driven by demand and consumer confidence, whereas multi family house building is more often motivated by speculative real estate investors. The report headline is expressed in volume of houses built. The figures are in the thousands of units.

- 1380K -