Date
GMT+00:00
Event Value
Jan, 16 07:00
CPI
CPI
Country:
Date: Jan, 16 07:00
Importance: Low
Previous: 0.0%; 1.8%
Forecast: 0.0%; 1.8%
Actual: -
Period: Dec

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.

0.0%; 1.8%
Jan, 16 09:00
Gross Domestic Product
Gross Domestic Product
Country:
Date: Jan, 16 09:00
Importance: Low
Previous: 0.2%; 1.2%
Forecast: 0.2%; 1.2%
Actual: -
Period: Dec

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.

0.2%; 1.2%
Jan, 16 13:15
Housing Starts
Housing Starts
Country:
Date: Jan, 16 13:15
Importance: Low
Previous: 254.1K
Forecast: 257.0K
Actual: -
Period: Dec

Reflects the rate of growth in housing construction. Housing Starts act as an indicator measuring the strength of Canada's construction sector and housing market. Economists also use the figure as a leading indicator for the economy as a whole due to Housing Starts' sensitivity to changes in the business cycle. Housing Starts slow at the onset of a recession and quickly grow at the beginning of an economic boom; consequently, a high Housing Starts figure forecasts strong economic growth.

The headline figure is the percentage change in new home starts.

254.1K
Jan, 16 13:30
Foreign Securities Purchases
Foreign Securities Purchases
Country:
Date: Jan, 16 13:30
Importance: Low
Previous: 46.62
Forecast: 24.61
Actual: -
Period: Nov

Summarizes the flow of stocks, bonds, and money market funds to and from Canada.

46.62
Jan, 16 14:15
★★
Industrial Production
Industrial Production
Country:
Date: Jan, 16 14:15
Importance: Medium
Previous: 0.2%
Forecast: 0.1%
Actual: -
Period: Dec

Measures changes in the volume of output produced by the manufacturing, mining, and utility sectors in the USA. Because industrial production is a measure of output volume rather than dollar value, the figure is not distorted by inflation and is considered a more "pure" indicator for US industry. Though industrial production only accounts for a relatively small portion of the GDP, it accounts for most of the volatility in GDP and is considered highly sensitive to changes in interest rate and consumer demand. Therefore understanding trends in this figure are important to forecasting the GDP. High or rising Industrial Production figures suggest increased production and economic expansion. However, uncontrolled levels of production and consumption can spark inflation.

The figure varies significantly month to month due to the fact that seasonal and weather related factors often alter factory production and utility demand. Because of this volatility, the report has limited market impact.

The figure is calculated as a weighted aggregate of goods and reported in headlines as a percent change from previous months.

0.2%
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