Date
GMT+01:00
Event Value
May, 23 12:30
★★
ECB Monetary Policy Meeting Accounts
ECB Monetary Policy Meeting Accounts
Country:
Date: May, 23 12:30
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: Apr
The report is published 4 weeks after the ECB Monetary Policy Meeting takes place (8 times a year). It contains the texts of the ECB Governing Council members’ speeches on detailed assessments of economic conditions that influence the interest rates decision.
May, 23 13:30
Wholesale Sales
Wholesale Sales
Country:
Date: May, 23 13:30
Importance: Low
Previous: 0.3%
Forecast: 0.4%
Actual: -
Period: Mar

The value of sales made by Canadian wholesalers. Wholesalers sell to industries and retailers in quantities far larger than most consumers are willing to purchase. Given that growth in Wholesale Trade usually precedes increases in retail trade and consumption, changes in Wholesale Sales can be used as an early indicator for the overall direction of the retail sector, consumption and the economy. The headline figure reports the monthly percentage change in Wholesale Sales, seasonally adjusted to account for variations in demand due to seasonal cycles.

These sectors are farm products, food, beverages, and tobacco products, personal and household goods, automotive products, building materials, machinery and electronic equipment etc.

0.3%
May, 23 13:30
★★
Unemployment Claims
Unemployment Claims
Country:
Date: May, 23 13:30
Importance: Medium
Previous: 212K
Forecast: 215K
Actual: -
Period: May

The indicator shows the number of unemployed people in the USA.

212K
May, 23 13:30
Continuing Claims
Continuing Claims
Country:
Date: May, 23 13:30
Importance: Low
Previous: 1660K
Forecast: 1669K
Actual: -
Period: May

Continuing claims refers to unemployed workers that qualify for benefits under unemployment insurance. In order to be included in continuing claims, the person must have been covered by unemployment insurance and be currently receiving benefits. Data on unemployment claims is published by the Department of Labor on a weekly basis, allowing for frequent updates on the levels of unemployment.

1660K
May, 23 14:00
Leading indicators
Leading indicators
Country:
Date: May, 23 14:00
Importance: Low
Previous: 146.1; 1.2%
Forecast: -
Actual: -
Period: Apr

Movements in these indicators are known to precede larger developments in the rest of the economy.

The Index includes account inventory ratios, machinery orders, stock prices and other leading economic indicators. As the aggregate of many leading indices the Leading Economic Index provides a forecast of the future state of the domestic economy and is thought to predict activity that will occur 6-9 months after the reporting period.

The index operates on a 1-100 scale, where a value lower than 50 means that most indictors are negative and a value higher than 50 means most indicators are positive. In both cases a greater distance from the midpoint (50) means that the indicators are more strongly positive or negative.

146.1; 1.2%
May, 23 14:45
★★
ISM Manufacturing
ISM Manufacturing
Country:
Date: May, 23 14:45
Importance: Medium
Previous: 52.6
Forecast: 53.0
Actual: -
Period: May

A monthly index released by the Institute of Supply Management which tracks the amount of manufacturing activity that occurred in the previous month.ISM Manufacuring assesses the state of US industry by surveying executives on expectations for future production, new orders, inventories, employment and deliveries. This data is considered a very important and trusted economic measure. If the index has a value below 50, due to a decrease in activity, it tends to indicate an economic recession, especially if the trend continues over several months. A value substantially above 50 likely indicates a time of economic growth. The values for the index can be between 0 and 100.

Values over 50 generally indicate an expansion, while values below 50 indicate contraction.

52.6
May, 23 14:45
Final Services PMI
Final Services PMI
Country:
Date: May, 23 14:45
Importance: Low
Previous: 53.0
Forecast: 53.6
Actual: -
Period: May
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy. Above 50.0 indicates industry expansion, below indicates contraction. The 'Previous' listed is the 'Actual' from the Flash release and therefore the 'History' data will appear unconnected. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release is the earliest and thus tends to have the most impact.
53.0
May, 23 14:45
Composite PMI
Composite PMI
Country:
Date: May, 23 14:45
Importance: Low
Previous: 53.0
Forecast: -
Actual: -
Period: May
An index level of 50 denotes no change since the previous month, while a level above 50 signals an increase or improvement, and below 50 indicates a decrease or deterioration.
53.0
May, 23 15:00
★★
New Home Sales
New Home Sales
Country:
Date: May, 23 15:00
Importance: Medium
Previous: 692K; 4.5%
Forecast: 678K; -3.8%
Actual: -
Period: Apr

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.

692K; 4.5%
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