Date
GMT+00:00
Event Previous Forecast Actual
Feb, 06 07:00
Industrial Production
Industrial Production
Country:
Date: Feb, 06 07:00
Importance: Low
Previous: 0.8%; 0.8%
Forecast: -0.3%
Actual: -
Period: Dec

Measures the per volume change in output from mining, quarrying, manufacturing, energy and construction sectors in Germany. Industrial production is significant as a short-term indicator of the strength of German industrial activity. High or rising Industrial Production figures suggest increased production and economic expansion, healthy for the Euro. However, uncontrolled levels of production and consumption can spark inflation.

The report is only a preliminary estimate figure that does not move the markets much. The figure is released in headlines as a monthly percent change.

0.8%; 0.8% -0.3% -
Feb, 06 07:00
Trade Balance
Trade Balance
Country:
Date: Feb, 06 07:00
Importance: Low
Previous: 13.1bln; 13.7bln
Forecast: 14.5
Actual: -
Period: Dec

The difference between the value of exports and imports in Germany. Trade Balance is one of the biggest components of Germany 's Balance of Payment. As Germany is Europe's largest economy and given Germany's export oriented economy, trade data can give critical insight into pressures on the value of the Euro.

In order to gauge the effect of German Trade Balance on the Euro, German trade is separated into intra-Eurozone trades and extra-Eurozone trades. Intra-trades between Germany and Eurozone countries have no affect on the overall valuation of Euro. Extra-trades between Germany and other countries outside of Eurozone do impact the overall Eurozone trade balance. Given Germany's large share of Eurozone exports, the figure tends to move the market upon release.

Trade surpluses reflect funds coming into Germany in exchange for goods and services. Such currency inflows may lead to a natural appreciation of a Euro, unless countered by similar capital outflows. At a bare minimum, surpluses will boost up the value of the currency.

The headline figure for trade balance is expressed in billions of Euros.

13.1bln; 13.7bln 14.5 -
Feb, 06 07:45
Trade Balance
Trade Balance
Country:
Date: Feb, 06 07:45
Importance: Low
Previous: -4.2
Forecast: -4.1
Actual: -
Period: Dec

A country's trade balance reflects the difference between exports and imports of goods and services. The trade balance is one of the biggest components of the Balance of Payment, giving valuable insight into pressures on country's currency.

-4.2 -4.1 -
Feb, 06 08:00
Foreign Currency Reserves
Foreign Currency Reserves
Country:
Date: Feb, 06 08:00
Importance: Low
Previous: 725
Forecast: -
Actual: -
Period: Jan

This is the amount of foreign currency reserves that are held by the Central Bank of a country. In general use, foreign currency reserves also include gold and IMF reserves. Also, people may take into account liquid assets that can easily be converted into foreign currency.

725 - -
Feb, 06 08:00
Unemployment Rate
Unemployment Rate
Country:
Date: Feb, 06 08:00
Importance: Low
Previous: 3.0%; 3.1%
Forecast: 3.0%
Actual: -
Period: Jan

The percentage of individuals in the labor force who are without a job but actively seeking one. A higher Unemployment Rate is generally a drain on the economy. Not only does it mean that resources are not being fully utilized, but it also results in lower consumer spending as there are fewer workers receiving paychecks.

Note: The unemployment rate generally moves slowly, so changes of only a few tenths of a percent are still considered significant. Also note that the unemployment rate does not account for discouraged workers. Therefore, in an economically depressed environment, such as that which occurred in Cold War era East Germany, the Unemployment Rate may not accurately reflect the extent of problems.

High unemployment translates into lower average wages and reduced consumer spending. As consumer spending is the majority of total expenditure, rising unemployment often leads to slow economic growth. In addition, high or rising unemployment puts downward pressure on interest rates and leads to a depreciating Franc.

3.0%; 3.1% 3.0% -