Date
GMT+08:00
Event Value
May, 19 06:45
Producer Price Index
Producer Price Index
Country:
Date: May, 19 06:45
Importance: Low
Previous: 0.0% q/q; 0.4% q/q
Forecast: 0.1% q/q; 0.2% q/q
Actual: -
Period: 1 quarter
In New Zealand, the Producer Price Index measures the average change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.
0.0% q/q; 0.4% q/q
May, 19 08:30
Westpac Consumer Sentiment
Westpac Consumer Sentiment
Country:
Date: May, 19 08:30
Importance: Low
Previous: 118.8; 6.2%
Forecast: -
Actual: -
Period: May

Consumer Sentiment (or 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.

118.8; 6.2%
May, 19 08:30
MI Leading Index
MI Leading Index
Country:
Date: May, 19 08:30
Importance: Low
Previous: 0.4%
Forecast: -
Actual: -
Period: Apr

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

0.4%
May, 19 09:30
★★
Wage Cost Index
Wage Cost Index
Country:
Date: May, 19 09:30
Importance: Medium
Previous: 0.6% q/q; 1.4% y/y
Forecast: 0.5% q/q; 1.6% y/y
Actual: -
Period: 1 quarter

Measures quarterly changes in Australian wages. Two versions of the Labor Price Index exist: one which includes bonuses, and one which excludes them. The Labor Price Index is similar to the US Employment Cost Index, an early indicator of wages pressure on inflation. An increase in the index suggests rising inflation pressures because firms tend to eventually pass higher labor costs onto consumers in the form of higher prices.

The headline figure is the quarterly percentage change in the Labor Price Index.

Technical note: The index is constructed by combining 8 separate indexes. The 4 wage price indices are:
• ordinary time hourly rates of pay excluding bonuses index
• ordinary time hourly rates of pay including bonuses index
• total hourly rates of pay excluding bonuses index
• total hourly rates of pay including bonuses index

The 4 non-wage price indices are:
• annual and public holiday leave
• superannuation
• payroll tax
• workers' compensation

0.6% q/q; 1.4% y/y
May, 19 12:30
Industrial Production
Industrial Production
Country:
Date: May, 19 12:30
Importance: Low
Previous: 2.2% m/m; 4.0% y/y
Forecast: 2.2% m/m; 4.0% y/y
Actual: -
Period: Mar

Measures the per volume change in output from mining, quarrying, manufacturing, energy and construction sectors in Japan. Industrial production is significant as a short-term indicator of the strength of Japanese industrial activity. High or rising Industrial Production figures suggest increased production and economic expansion. 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.

2.2% m/m; 4.0% y/y
May, 19 14:00
★★★
Consumer Price Index
Consumer Price Index
Country:
Date: May, 19 14:00
Importance: High
Previous: 0.3% m/m; 0.7% y/y
Forecast: 0.6% m/m; 1.4% y/y
Actual: -
Period: Apr

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

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

0.3% m/m; 0.7% y/y
May, 19 14:00
★★
Consumer Price Index-Core
Consumer Price Index-Core
Country:
Date: May, 19 14:00
Importance: Medium
Previous: 1.1%
Forecast: 1.3%
Actual: -
Period: Apr

CPI assesses changes in the cost of living by measuring changes consumer pay for a set of items. CPI serves as the headline figure for inflation. Simply put, inflation reflects a decline in the purchasing power of the dollar, where each dollar buys fewer goods and services. In terms of measuring inflation, CPI is the most obvious way to quantify changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical American household might purchase. An increase in the Consumer Price Index indicates that it takes more dollars to purchase the same set basket of basic consumer items.

Inflation is generally bad news for the economy, causing instability, uncertainty and hardship. To address inflation, the Fed may raise interest rates. However, the Fed relies on the PCE Deflator as its primary gauge of inflation because the CPI does not account for the ability of consumer to substitute out of CPI's set. Price changes tend to cause consumers to switch from buying one good to a less expensive-other, a tendency that the fixed-basket CPI figure does not yet account for. Given that the PCE Deflator is a more comprehensive calculation, based on changes in consumption; it is the figure the Fed prefers.

The figure is released monthly, as either a month over month annualized percentage change, or percentage change for the full year. The figure is seasonally adjusted to account seasonal consumption patterns.Inflation is generally bad news for the economy, causing instability, uncertainty and hardship. To address inflation, the Fed may raise interest rates. However, the Fed relies on the PCE Deflator as its primary gauge of inflation because the CPI does not account for the ability of consumer to substitute out of CPI's set. Price changes tend to cause consumers to switch from buying one good to a less expensive-other, a tendency that the fixed-basket CPI figure does not yet account for. Given that the PCE Deflator is a more comprehensive calculation, based on changes in consumption; it is the figure the Fed prefers.

The figure is released monthly, as either a month over month annualized percentage change, or percentage change for the full year. The figure is seasonally adjusted to account seasonal consumption patterns.

1.1%
May, 19 14:00
★★
Retail price index
Retail price index
Country:
Date: May, 19 14:00
Importance: Medium
Previous: 0.3% m/m; 1.5% y/y
Forecast: 0.6% m/m; 2.4% y/y
Actual: -
Period: Apr

In the United Kingdom, the Retail Prices Index or Retail Price Index (RPI) is a measure of inflation published monthly by the Office for National Statistics.

0.3% m/m; 1.5% y/y
May, 19 14:00
★★
PPI Input
PPI Input
Country:
Date: May, 19 14:00
Importance: Medium
Previous: 1.3% m/m; 5.9% y/y
Forecast: 1.8% m/m
Actual: -
Period: Apr

A monthly survey that measures change in input prices as incurred by UK manufacturers. Input prices include the cost of materials used plus operation costs of running the business. The index can be used as a measure of inflation, given that higher input costs will likely be passed on from producers to consumers in the form of higher retail prices.

The headline is the percentage change in the Producer Price Index (Input) from the previous quarter and previous year.

1.3% m/m; 5.9% y/y
May, 19 14:00
PPI Output
PPI Output
Country:
Date: May, 19 14:00
Importance: Low
Previous: 0.5% m/m; 1.9% y/y
Forecast: 0.6% m/m; 3.5% y/y
Actual: -
Period: Apr

A monthly survey that measures the price changes of goods produced by UK manufacturers. The figure is also known as "Factory Gate Price" because it usually matches the price of goods when they first leave the factory. Increased prices in manufacturing typically lead to higher retail prices for consumers. However, it is also likely that higher output prices are caused by manufacturers charging a higher premium due to higher demand for their goods. Consequently, market trends in consumption should be considered with Output PPI to avoid data misinterpretation.

0.5% m/m; 1.9% y/y
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