Date
GMT+01:00
Event Previous Forecast Actual
Sep, 24 13:30
★★
Retail Sales
Retail Sales
Country:
Date: Sep, 24 13:30
Importance: Medium
Previous: 0.6%; 0.5%
Forecast: -0.8%; -0.5%
Actual: -
Period: Jul

Gauge for goods sold at retail outlets in the past month. Retail Sales is a leading indicator for the economy. Rising consumer spending fuels economic growth, confirms signals from consumer confidence, and may spark inflationary pressures.

The headline figure is expressed as the percentage change from the same month last year.

0.6%; 0.5% -0.8%; -0.5% -
Sep, 24 14:00
NBB Business Climate
NBB Business Climate
Country:
Date: Sep, 24 14:00
Importance: Low
Previous: -13.2
Forecast: -13.5
Actual: -
Period: Sep

Assesses overall business environment in a country.

-13.2 -13.5 -
Sep, 24 15:00
★★
New Home Sales
New Home Sales
Country:
Date: Sep, 24 15:00
Importance: Medium
Previous: 607K; -10.5%
Forecast: 619K
Actual: -
Period: Aug

Records sales of newly constructed residences in the United States. The figure is a timely gauge of housing market conditions counting home sales when initial housing contracts are signed. Because New Home Sales usually trigger a sequence of consumption, they have significant market impact upon release. In addition to the high expenditure of the new home, buyers are likely to spend more money on furnishing customizing and financing their home. Consequently, growth in the housing market spurs more consumption, generating demand for goods, services and the employees who provide them.

Generally, the housing market is tracked by a number of reports that mark different stages of the construction and home sale process. The first stage is Building Permits, which precede Housing Starts, which lead to Construction Spending, MBA Mortgage Applications and, finally, New Home Sales and Existing Home Sales. As the headline housing figure, New Home Sales are believed to control some of the volatility of other data. For instance, Building Permits and Housing Starts are considered more indicative of business confidence and production rather than consumer spending. And while Existing Home Sales figures are more indicative of consumer expenditures, they are lagging indicators with less predictive value. New Home Sales numbers are considered confirmatory of housing trends and still predictive of consumer spending.

New Home Sales is also a good indicator of economic turning points due to its sensitivity to consumer income. Buying a house is always a major expenditure, typically only undertaken when consumers have sufficient savings or are optimistic about future earnings. Historically, when economic conditions slow, New Home Sales are one of the first indicators to reflect the change. By the same token, New Home Sales undergo substantial growth when the economy has emerged from recession and wages have begun to pick up.

The report headline is the total amount of properties sold.

607K; -10.5% 619K -
Sep, 24 15:30
EIA Natural Gas Storage Change
EIA Natural Gas Storage Change
Country:
Date: Sep, 24 15:30
Importance: Low
Previous: 44
Forecast: -
Actual: -
Period: Sep

Weekly report about natural gas storage change in the USA.

44 - -
Sep, 25 00:01
GfK Consumer Confidence Survey
GfK Consumer Confidence Survey
Country:
Date: Sep, 25 00:01
Importance: Low
Previous: -14
Forecast: -16
Actual: -
Period: Sep

Consumer Confidence measures the level of confidence households have in economic performance. Generally rising consumer confidence acts as a precursor to higher consumer expenditures which drive economic expansion. The report also breaks down results into parts of the economy, giving a detailed picture of the consumer climate in Great Britain. GfK Consumer Confidence is one of the most closely watched surveys. The survey results are quantified into index where 0 represents long term Consumer Confidence averages. The headline figure is expressed in percentage change. On a global basis, the indicator is very important for the economy, as it reflects consumers sentiments which formed the major portion of Great Britain GDP. The survey is conducted monthly by GfK, a market research organization, on behalf of the EU commission.

-14 -16 -