Date
GMT+00:00
Event Value
Nov, 28 08:55
★★
Unemployment Change
Unemployment Change
Country:
Date: Nov, 28 08:55
Importance: Medium
Previous: -1K
Forecast: 6K
Actual: -
Period: Oct

The indicator shows the number of unemployed people in Germany.

-1K
Nov, 28 08:55
★★
Unemployment Rate
Unemployment Rate
Country:
Date: Nov, 28 08:55
Importance: Medium
Previous: 6.3%
Forecast: 6.3%
Actual: -
Period: Oct

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.

6.3%
Nov, 28 09:00
Gross Domestic Product
Gross Domestic Product
Country:
Date: Nov, 28 09:00
Importance: Low
Previous: 0.0%; 0.4%
Forecast: 0.0%; 0.4%
Actual: -
Period: 3 quarter

A comprehensive measure of the country's overall production and consumption of goods and services. GDP is a significant report, serving as one of the primary indicators of the country's overall economic health.

Robust GDP growth signals a heightened level of economic activity and often a higher demand for the domestic currency. At the same time, economic expansion raises concerns about inflationary pressures which may prompt monetary authorities to increase interest rates. Thus positive GDP readings are generally bullish for the currency, while negative readings are generally bearish.

Most production reports that lead to GDP are released before the official GDP number. Therefore, actual GDP figures usually confirm expectations. However, an unexpected release can move markets due to the significance of the figure.

Technically, Gross Domestic Product is calculated in the following way:

GDP = C + I + G + (EX - IM)

where
C = private consumption
I = private investment
G = government expenditure
EX = exports of goods and services
IM = imports of goods and services

The headline figures for GDP are the percentage growth rate from the previous quarter and the annualized percentage change in GDP. Prices used are benchmarked to 1997 prices.

0.0%; 0.4%
Nov, 28 10:00
Gross Domestic Product
Gross Domestic Product
Country:
Date: Nov, 28 10:00
Importance: Low
Previous: -0.3%; 1.2%
Forecast: -0.1%
Actual: -
Period: Nov

The Gross Domestic Product is a comprehensive measure of an overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. GDP announcements generally conform to expectations as the number comes out after most production figures that lead to overall GDP have already been released. Although releases that are out of line with expectations are rare, unanticipated GDP growth can move markets simply because of its significance as an economic indicator.

-0.3%; 1.2%
Nov, 28 13:00
★★
CPI
CPI
Country:
Date: Nov, 28 13:00
Importance: Medium
Previous: 0.3%; 2.3%
Forecast: -0.2%; 2.4%
Actual: -
Period: Nov

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.

0.3%; 2.3%
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