Economic Calendar

Time
Currency
Country
Impact
Events
Period
Actual
Forecast
Previous
04:00
EUR
Germany
IFO Business Climate
December
101.0
101.8
102.0
04:00
EUR
Germany
IFO Current Assessment
December
104.7
104.9
105.4
04:00
EUR
Germany
IFO Expectations
December
97.3
98.3
98.7
08:30
USD
United States
Building Permits
November
 
1.265 M
1.263 M
08:30
USD
United States
Housing Starts
November
 
1.234 M
1.228 M
08:55
USD
United States
Redbook Retail Sales
Week ending 14.12.2018
 
-
-0.5%
15:00
NZD
New Zealand
Westpac NZ Consumer Confidence
Q4
 
-
103.5
16:45
NZD
New Zealand
Current Account Balance
Q3
 
-1.05 B NZD
-1.620 B NZD
18:30
AUD
Australia
MI Leading Index
November
 
-
0.1%
18:50
JPY
Japan
Trade Balance
November
 
-0.70 T JPY
-0.447 T JPY
18:50
JPY
Japan
Trade Balance SA
November
 
-
-0.30 T JPY
04:00
IFO Business Climate
GermanyEUR
Period
December
Actual
101.0
Forecast
101.8
Previous
102.0
The Ifo Business Climate Index is based on Ca. 7 000 monthly survey responses of firms in manufacturing, construction, wholesaling and retailing. The firms are asked to give their assessments of the current business situation and their expectations for the next six months. They can characterize their situation as “good”, “satisfactorily” or “poor” and their business expectations for the next six months as “more favourable”, “unchanged” or “more unfavourable”. The balance value of the current business situation is the difference of the percentages of the responses “good” and “poor”, the balance value of the expectations is the difference of the percentages of the responses “more favourable” and “more unfavourable”. The business climate is a transformed mean of the balances of the business situation and the expectations. The index uses 100 as a centreline between positive and negative outlooks. The further the value is from 100 the stronger the sentiment.
04:00
IFO Current Assessment
GermanyEUR
Period
December
Actual
104.7
Forecast
104.9
Previous
105.4
The Ifo Business Climate Index survey presents two equally weighted sub-indices: Current Assessment and Business Expectations. IFO Current Assessment: Measures current German business conditions, without considering future expectations.
04:00
IFO Expectations
GermanyEUR
Period
December
Actual
97.3
Forecast
98.3
Previous
98.7
The Ifo Business Climate Index survey presents two equally weighted sub-indices: Current Assessment and Business Expectations. IFO Expectations: Based on firms' expectations for the next six months, where firms rate the future outlook as better, same, or worse.
08:30
Building Permits
United StatesUSD
Period
November
Actual
 
Forecast
1.265 M
Previous
1.263 M
Statistics on housing units authorized by building permits include housing units issued in local permit-issuing jurisdictions by a building or zoning permit. Not all areas of the country require a building or zoning permit. The statistics only represent those areas that do require a permit. Current surveys indicate that construction is undertaken for all but a very small percentage of housing units authorized by building permits. A major portion typically get under way during the month of permit issuance and most of the remainder begin within the three following months. Because of this lag, the housing unit authorization statistics do not represent the number of units actually put into construction for the period shown, and should therefore not be directly interpreted as "housing starts".
08:30
Housing Starts
United StatesUSD
Period
November
Actual
 
Forecast
1.234 M
Previous
1.228 M
The start of construction is when excavation begins for the footings or foundation of a building. All housing units in a multifamily building are defined as being started when excavation for the building has begun. Beginning with statistics for September 1992, estimates of housing starts include units in residential structures being totally rebuilt on an existing foundation. Housing starts are estimated for all areas of the United States, regardless of whether permits are required.
08:55
Redbook Retail Sales
United StatesUSD
Period
Week ending 14.12.2018
Actual
 
Forecast
-
Previous
-0.5%
The LJR Redbook survey tracks 15 retail stores every week to determine the changes in sales. The report is month to date where: the first week of the month is compared to the previous month; the second week compares the first two weeks of the month to the previous month, and so on. The Johnson Redbook Index is a proprietary indicator of growth in retail sales, and provides advanced estimates of trends in retail sales ahead of official releases.
15:00
Westpac NZ Consumer Confidence
New ZealandNZD
Period
Q4
Actual
 
Forecast
-
Previous
103.5
The Westpac McDermott Miller survey of consumer confidence is made up of several component questions. These include whether people feel financially better or worse off, whether the economy will experience good economic times over the next year and next five years, and whether now is a good time to buy a major household item. The questions concern the medium term outlook for growth and respondents current financial position, purchasing power, future financial situation, the short term outlook for the New Zealand economy and consumers current financial circumstances. The composite index consists of two components: Present Conditions Index and Future Conditions Index. An index number over 100 indicates there are more optimists than pessimists, while a number under 100 indicates that pessimists outnumber optimists.
16:45
Current Account Balance
New ZealandNZD
Period
Q3
Actual
 
Forecast
-1.05 B NZD
Previous
-1.620 B NZD
New Zealand's BoP statement is a record of the value of New Zealand's transactions in goods, services, income and transfers with the rest of the world, and the changes in New Zealand's financial claims on (assets) and liabilities to the rest of the world. New Zealand's BoP statement comprises the current and capital accounts (which record the value of New Zealand's transactions in goods, services, income and transfers with non-residents) and the financial account (which records financial transactions involving New Zealand's transactions with non-residents). Current account: The credit side of the current account shows the export of goods and services, investment income earned and, under current transfers, the offsetting entries to resources received by residents without payment being required. The debit side shows the import of goods and services, investment income paid and, under current transfers, the offsetting entries to resources supplied to foreign residents without payment being required. A 'balance' is the credits less debits for a particular item or group of items. A negative number represents a deficit, while a positive number represents a surplus.
18:30
MI Leading Index
AustraliaAUD
Period
November
Actual
 
Forecast
-
Previous
0.1%
A composite index used to forecast short to mid-term growth in the Australian economy. Combined reading of 9 economic indicators related to consumer confidence, housing, stock prices, money supply, and interest rate spreads. The index is calculated as a percent change from the previous month.
18:50
Trade Balance
JapanJPY
Period
November
Actual
 
Forecast
-0.70 T JPY
Previous
-0.447 T JPY
The 'trade balance' covers international transactions of 'goods' (exports and imports), which are recorded at market value on a free on board (FOB) basis. The trade balance comprises the five categories of general merchandise, goods for processing, repairs on goods, goods procured in ports by carriers, and non-monetary gold. However, transactions of non-monetary gold pertaining to investment in gold and gold savings accounts are excluded. The 'general merchandise' covers transactions of movable goods with changes of ownership between residents and non-residents The 'goods for processing' cover processing materials exported (imported) for processing, and products that are re-imported (re-exported) after processing, which are recorded on a gross basis. The 'repairs on goods' cover the amount of repair for movable goods, such as ships and aircraft, owned by residents (non-residents). The 'goods procured in ports by carriers' cover transactions involving fuels, food stuff, and other goods procured in Japan (abroad) by carriers (ships, aircraft) owned by non-residents (residents). The 'non-monetary gold' covers all transactions in gold, excluding gold held by monetary authorities as a reserve asset (monetary gold) and investment in gold and gold savings accounts.
18:50
Trade Balance SA
JapanJPY
Period
November
Actual
 
Forecast
-
Previous
-0.30 T JPY
For short term indicators, the cycles that are relevant for the economic trends and which by definition have periodicities longer than one year, are generally affected by considerable short-term fluctuations (trend, economic fluctuations, seasonal fluctuations, calendar fluctuations, residual or irregular fluctuations). As a consequence, analysing the current business-cycle phase is quite difficult. To improve the accuracy of the economic trend analyses, it is common to apply mathematical filtering techniques to remove such fluctuations from the time series.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Risk warning
Icons/ic_arrow_downCreated with Sketch.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.