Date
GMT+01:00
Event Previous Forecast Actual
Sep, 16 15:00
Business Inventories
Business Inventories
Country:
Date: Sep, 16 15:00
Importance: Low
Previous: 0.2%
Forecast: 0.2%
Actual: -
Period: Jul

Unsold goods held by manufacturers, wholesalers and retailers. Business Inventories are often able to show economic turning points. A significant decrease in inventories implies that the economy is on the verge of rapid growth because stockrooms for businesses are empty and need to be replenished, which triggers higher production overall.

Inventories are also useful when examined in conjunction with total business sales. Rising inventories paired with slackening business sales are indicative of troubled economic times. When business sales slow down, retailers' inventories increase and they are forced cut back on wholesale orders. Wholesalers, affected by the fear of swelling inventories, will slow or even shut down production in factories.

Recent technological advancements allow firms to manage inventories more efficiently, keeping inventory levels lower. Accordingly, declines in inventory stores are often indicative of productivity increases rather than changes in demand. But these logistical advances put particular emphasis on growing inventories. Increases in stocks of goods signal declining demand in America .

While the Business Inventories figure is released with the Advanced Retail Sales report, the Advanced Retail Sales report features a lag time of merely two weeks. The Business Inventories' lag time is three times as long, making it an indicator that follows rather than leads the overall pace of the economy. Market participants tend to focus more on the Advanced Retail Sales figures.

The headline number is expressed as a percentage change from the previous month.

0.2% 0.2% -
Sep, 16 22:00
Westpac Consumer Confidence
Westpac Consumer Confidence
Country:
Date: Sep, 16 22:00
Importance: Low
Previous: 91.2
Forecast: -
Actual: -
Period: 3 quarter

Officially called the Consumer Sentiment Index, this figure measures the level of consumer confidence and is an average of five indices measuring different aspects of consumer fiscal health. This is one of the few indicators that are entirely expectation-based. Households report their views on current buying conditions for household items and where they feel are the "wisest" places to invest savings. Views on future political policy (taxes, politicians, government) and economic conditions (wages, inflation, unemployment) are also surveyed.

Confidence figures are often leading indicators for the consumer spending and the economy as a whole. The headline figure is percentage change in the index value from that of the previous month.

91.2 - -
Sep, 16 23:45
Current Account
Current Account
Country:
Date: Sep, 16 23:45
Importance: Low
Previous: -2.32
Forecast: -2.67
Actual: -
Period: 2 quarter

The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the nation's exports the data can have a sizable affect on the NZD.

A higher than expected reading should be taken as positive/bullish for the NZD, while a lower than expected reading should be taken as negative/bearish for the NZD.

-2.32 -2.67 -
Sep, 17 00:50
Trade Balance
Trade Balance
Country:
Date: Sep, 17 00:50
Importance: Low
Previous: -303.0bln; -117.5bln
Forecast: -360.0
Actual: -
Period: Aug

The difference between the total value of exports and the total value of imports. A positive figure indicates a trade surplus while a negative value represents a trade deficit. Because Japan 's economy is highly export-led, trade data can give critical insight into developments in Japan 's economy and changes into foreign exchange rates.

A surplus reflects capital flowing into Japan in exchange for Japanese exports, and a deficit means that capital is flowing out of Japan as imports are purchased in larger volumes by Japanese consumers. A trade surplus will act as an appreciating weight on the Yen, whereas a trade deficit will place downward pressure on the Yen's value.

Details in the Trade Balance report itself give useful insight into changing trends regarding Japanese trade. Such developments are especially important for the country, which is an export-oriented economy that has historically experienced large trade surpluses. Any affect on this could have dramatic affect on the domestic economy.

The headline figure for trade balance is expressed in millions of Yen and usually accompanied by a year-on-year percentage change figure.

-303.0bln; -117.5bln -360.0 -
Sep, 17 01:30
MI Leading Index
MI Leading Index
Country:
Date: Sep, 17 01:30
Importance: Low
Previous: 0.1%
Forecast: -
Actual: -
Period: Aug

A leading indicator for Australian economic activity calculated by Melbourne Institute.

0.1% - -