Date
GMT+00:00
Event Value
Feb, 24 11:00
CBI retail sales volume balance
CBI retail sales volume balance
Country:
Date: Feb, 24 11:00
Importance: Low
Previous: -17
Forecast: -26
Actual: -
Period: Feb

Level of a diffusion index based on surveyed retailers and wholesalers: above 0 indicates higher sales volume, below indicates lower. This is a survey of about 160 retail and wholesale companies which asks respondents to rate the relative level of current sales volume. It's a leading indicator of consumer spending because retailer and wholesaler sales are directly influenced by consumer buying levels.
 

-17
Feb, 24 14:00
House Price Index
House Price Index
Country:
Date: Feb, 24 14:00
Importance: Low
Previous: 0.6%
Forecast: 0.3%
Actual: -
Period: Dec

A resumptive index of house prices reflecting prices for new constructions and resale real estate markets. As all indices connected with the construction industry it can be seasonally adjusted.

0.6%
Feb, 24 14:00
FOMC Member Raphael W. Bostic Speaks
FOMC Member Raphael W. Bostic Speaks
Country:
Date: Feb, 24 14:00
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -
Federal Reserve Bank of Atlanta President Raphael Bostic - FOMC voting member 2018. Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy. More hawkish than expected is good for currency.
Feb, 24 15:00
★★★
Consumer Confidence
Consumer Confidence
Country:
Date: Feb, 24 15:00
Importance: High
Previous: 84.5
Forecast: 87.6
Actual: -
Period: Feb

Assessment of consumer sentiment regarding business conditions, employment and personal income. Based on a representative sample of thousands of mail-in surveys, the Conference Board index has the largest pooling sample of any US measure of consumer confidence. Consumer Confidence levels are generally linked with consumer spending. For instance, when consumer confidence is on the rise consumer spending tends to increase. Low or falling consumer confidence on the other hand is typically associated with decreased spending and consumer demand.

Some analysts criticize the Consumer Confidence figure for its volatile tendencies and weak connection to household expenditure, turning instead to the University of Michigan Consumer Confidence numbers. The volatility of the Consumer Confidence figure is attributed to two factors: its pooling size and the survey time frame focus. The Conference Board surveys an entirely new group of people each month, resulting in more erratic month to month figures. Additionally, the survey queries respondents on expectations for the following six months, a relatively short term evaluation. Conversely, the University of Michigan survey will re-poll many individuals and focuses on expectations for the next one to five years. The long term focus has a stabilizing effect on consumer confidence.

Survey results are printed in the headlines where 100 reflects a recent base year.

84.5
Feb, 24 15:00
Richmond Fed Manufacturing Index
Richmond Fed Manufacturing Index
Country:
Date: Feb, 24 15:00
Importance: Low
Previous: -6
Forecast: -4
Actual: -
Period: Feb

Assesses regional manufacturing conditions for the Richmond Fed District. Based on mail-in surveys from a representative sample of manufacturing plants, the Richmond Fed Index seeks to track industrial performance. The report puts particular emphasis on inflationary pressures.

Though the Richmond Fed Manufacturing Survey is valued for its quick turnaround, it is still released after the ISM survey. As a result, the figure is often used to affirm or question the ISM report, and has little impact on markets. The Richmond Fed Manufacturing Survey also asks manufacturing executives to stress price expectations. Some markets participants use this data as an early gauge to CPI and PPI reports released a few days later.

The headline figure is a three-month average, calculated by finding the percentage difference between positive and negative responses for the last three months, using a zero boom/bust centerline.

Note: The survey covers such topics as shipments, order volume, backlog volume, capacity utilization, vendor lead time, employees, average workweek, wages, inventory levels, and capital expenditures. The Fifth District includes the District of Columbia , Maryland , both Carolinas, and most of the Virginias.

-6
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