8-Week Bill Auction

4-Week Bill Auction

Kansas Fed Manufacturing Index

12

The Federal Reserve Bank of Kansas City Survey of Manufacturers provides information on current manufacturing activity in the Tenth District (Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico, and western Missouri). The monthly survey consists of approximately 150 manufacturing plants across the district of which about 110 respond. Survey results reveal changes in several indicators of manufacturing activity including production, shipments, new orders, and employment along with changes in prices of raw materials and finished products. The diffusion index is calculated as the difference between the percentage of total reporting increases and the percentage reporting decreases.

Kansas Fed Composite Index

0

The Federal Reserve Bank of Kansas City Survey of Manufacturers provides information on current manufacturing activity in the Tenth District (Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico, and western Missouri). The monthly survey consists of approximately 150 manufacturing plants across the district of which about 110 respond. Survey results reveal changes in several indicators of manufacturing activity including production, shipments, new orders, and employment along with changes in prices of raw materials and finished products. The diffusion index is calculated as the difference between the percentage of total reporting increases and the percentage reporting decreases.

EIA Natural Gas Stocks Change

Natural Gas Stocks Change refers to the weekly change of the natural gas supply situation.

Pending Home Sales MoM

0.9%

The Pending Home Sales Index, a leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos and co-ops. When a seller accepts a sales contract on a property, it is recorded into a Multiple Listing Service (MLS) as a "pending home sale." The majority of pending home sales become home sale transactions, typically one to two months later. The National Association of Realtors collects pending home sales data from MLSs and large brokers. Altogether, data from over 100 MLSs & 60 large brokers is received providing a large sample size covering 50% of the existing home sales sample. This is equal to 20 percent of all transactions.

Pending Home Sales YoY

-14%

The Pending Home Sales Index, a leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos and co-ops. When a seller accepts a sales contract on a property, it is recorded into a Multiple Listing Service (MLS) as a "pending home sale." The majority of pending home sales become home sale transactions, typically one to two months later. The National Association of Realtors collects pending home sales data from MLSs and large brokers. Altogether, data from over 100 MLSs & 60 large brokers is received providing a large sample size covering 50% of the existing home sales sample. This is equal to 20 percent of all transactions.

Fed Goolsbee Speech

In the United States, the authority to set interest rates is divided between the Board of Governors of the Federal Reserve (Board) and the Federal Open Market Committee (FOMC). The Board decides on changes in discount rates after recommendations submitted by one or more of the regional Federal Reserve Banks. The FOMC decides on open market operations, including the desired levels of central bank money or the desired federal funds market rate.

Initial Jobless Claims

Initial jobless claims have a big impact in financial markets because unlike continued claims data which measures the number of persons claiming unemployment benefits, Initial jobless claims measures new and emerging unemployment.

GDP Growth Rate QoQ Final

2%

On the expenditure side, personal consumption expenditures accounts for 68 percent of total GDP out of which purchases of goods constitute 23 percent and services 45 percent. Private investment accounts for 16 percent of GDP and government consumption and investment for 18 percent. As the value of goods exported (13.5 percent) is lower than the value of goods imported (16.5 percent), net exports subtracts 3 percent from the total GDP value.

GDP Price Index QoQ Final

4.1%

The GDP Deflator measures the change in prices of final goods and services and it is considered as a key indicator for inflationary pressures, that provides insight into the future direction of monetary policy.

Jobless Claims 4-week Average

Continuing Jobless Claims

Continuing Jobless Claims refer to actual number of unemployed and currently receiving unemployment benefits who filed for unemployment benefits at least two weeks ago.

Corporate Profits QoQ Final

-5.9%

Corporate profits represents the portion of the total income earned from current production that is accounted for by U.S. corporations. It is one of the most closely watched U.S. economic indicators, as it provides a summary measure of corporate financial health and thus serves as an essential indicator of economic performance.

PCE Prices QoQ Final

4.1%

The Personal Consumption Expenditure (PCE) Prices measure the changes in the price of goods and services purchased by consumers for the purpose of consumption. Prices are weighted according to total expenditure per item.

Core PCE Prices QoQ Final

4.9%

Real Consumer Spending QoQ Final

4.2%

In the United States, personal consumption expenditure (PCE) is the primary measure of consumer spending in the U.S. economy. It is the National Income and Product Account (NIPA) final-demand component that measures the value of the goods and services purchased by, or on the behalf of, persons who reside in the United States.

GDP Sales QoQ Final

4.2%

In the United States, final sales of domestic product equals GDP less change in private inventories. It is also equal to the sum of personal consumption expenditures, gross private fixed investment, government consumption expenditures and gross investment, and net exports of goods and services.

PPI MoM

-0.82%

PPI YoY

Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.

Inflation Rate MoM Prel

0.3%

In Germany, the most important categories in the consumer price index are Housing, water, electricity, gas & other fuels (32 percent of the total weight), Transport (13 percent), Recreation, entertainment & culture (11 percent) and Food & non-alcoholic beverages (10 percent). The index also includes Miscellaneous goods & services (7 percent), Furniture, lighting equipment, appliances & other household equipment (5 percent), Restaurant & accommodation services (5 percent), Health (5 percent) and Clothing & footwear (5 percent). The remaining 7 percent of the index is composed by Alcoholic beverages & tobacco, Communication and Education.

Inflation Rate YoY Prel

6.1%

In Germany, the most important categories in the consumer price index are Housing, water, electricity, gas & other fuels (32 percent of the total weight), Transport (13 percent), Recreation, entertainment & culture (11 percent) and Food & non-alcoholic beverages (10 percent). The index also includes Miscellaneous goods & services (7 percent), Furniture, lighting equipment, appliances & other household equipment (5 percent), Restaurant & accommodation services (5 percent), Health (5 percent) and Clothing & footwear (5 percent). The remaining 7 percent of the index is composed of Alcoholic beverages & tobacco, Communication and Education.

Harmonised Inflation Rate MoM Prel

0.4%

Harmonised Inflation Rate YoY Prel

6.4%

The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). The HICP is compiled by Eurostat and the national statistical institutes in accordance with harmonised statistical methods. The ECB aims to maintain annual inflation rates as measured by the HICP below, but close to, 2% over the medium term.

Unemployment Rate

3.1%

In Mexico, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Foreign Exchange Reserves

In Turkey, Foreign Exchange Reserves refer to gross foreign exchange reserves held or controlled by the country's central bank, excluding gold.

IGP-M Inflation MoM

The IGP-M Inflation Index in Brazil is an index that measures and tracks the changes in price of goods in the stages before the retail level. Wholesale price indexes (WPIs) report monthly to show the average price changes of goods sold in bulk, and they are a group of the indicators that follow growth in the economy.

Business Confidence

-6.6

In Spain, the Industrial Confidence Indicator (ICI) measures the level of optimism of entrepreneurs for the future development of industrial activity. The ICI is conducted based on the sample of 2500 enterprises representing different sizes, regions and sectors of Spanish economy. The response rate is around 60 percent. ICI is measured on a scale of -100 (extreme lack of confidence) to +100 (extreme confidence).

MPC Meeting Summary

In Turkey, benchmark interest rates are set by the Central Bank of the Republic of Turkey Monetary Policy Committee (Türkiye Cumhuriyet Merkez Bankasi - TCMB). From June 1st 2018, the main interest rate is the one-week repo rate and the overnight borrowing and lending rates will be determined at 150 bps below/above the one-week repo rate. The central bank simplified its monetary policy framework on May 28th 2018 from a different system with four main key rates, with the late liquidity window lending rate being one of the most followed.

Retail Sales MoM

-0.8%

In Ireland, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In Ireland, Retail sales are seasonal, volatile and relatively important to the overall economy.

Retail Sales YoY

5.9%

In Ireland, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.

Harmonised Inflation Rate MoM Prel

Harmonised Inflation Rate YoY Prel

The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). The HICP is compiled by Eurostat and the national statistical institutes in accordance with harmonised statistical methods. The ECB aims to maintain annual inflation rates as measured by the HICP below, but close to, 2% over the medium term.

Industrial Production YoY

1.1%

In Cyprus, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 72 percent of total production. The biggest segments within Manufacturing are: food products (32 percent of total production); other non-metallic mineral products (7 percent); basic pharmaceutical products and pharmaceutical preparations (6 percent); and fabricated metal products, except machinery and equipment (5 percent). Mining and quarrying, and electricity, gas, steam and air conditioning supply account for 20 percent of total output; and water supply, sewerage, waste management and remediation activities account for the remaining 8 percent.

Wage Growth YoY

7.2%

In Cyprus, Wage Growth measures the year-on-year change in average monthly earnings of employees.

Inflation Rate YoY

4.09%

In Belgium, the most important category in the consumer price index is Housing and Utilities (18 percent of total weight). Food and Non-Alcoholic Beverages account for 17 percent; Transport for 16 percent; Recreation and Culture for 9 percent; Miscellaneous Goods and Services for 9 percent and Restaurants and Hotels for 8 percent. Furniture, Household Goods and Maintenance; Clothing and Footwear; Communication; Health; Alcoholic Beverages and Tobacco and Education account for the remaining 23 percent of total weight.

Inflation Rate MoM

0.76%

Inflation Rate MoM measures month over month change in the price of goods and services.

PPI MoM

In South Africa, the Producer Price Inflation MoM measures a month-over-month change in the price of goods and services sold by manufacturers and producers in the wholesale market.

PPI YoY

2.7%

In South Africa, Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.

BoE Hauser Speech

In the United Kingdom, benchmark interest rate is set by the Monetary Policy Committee (MPC). The Bank of England official interest rate is the repo rate. This repo rate applies to open market operations of the Bank of England with a group of counterparties (banks, building societies, securities firms).

10-Year BTP Auction

Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

5-Year BTP Auction

Current Account Final

81500000000

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Saxony CPI YoY

6.8%

In Germany, Consumer Price index is the most frequently used indicator of inflation and reflect changes in the cost of acquiring a fixed basket of goods and services by the average consumer.

Saxony CPI MoM

0.3%

In Germany, Consumer Price index is the most frequently used indicator of inflation and reflect changes in the cost of acquiring a fixed basket of goods and services by the average consumer.

Economic Sentiment

93.3

In the Euro Area, the Economic sentiment indicator is a composite measure (average=100) that calculates the confidence level among: manufacturers (40 percent of the index); service providers (30 percent); consumers (20 percent); retailers (5 percent) and constructors (5 percent).

Consumer Confidence Final

-16

In Euro Area, the Consumer Economic Sentiment Indicator measures the level of optimism that consumers have about the economy. The survey is made by phone and covers 23 000 households in the Euro Area. The number of households sample varies across the zone. The questions focus on current economic and financial situation, savings intention as well as on expected developments regarding: consumer price indexes, general economic situation and major purchases of durable goods. The Consumer ESI measures consumer confidence on a scale of -100 to 100, where -100 indicate extreme lack of confidence, 0 neutrality and 100 extreme confidence.

Industrial Sentiment

-10.3

In the Euro Area, Industrial Sentiment measures the confidence level among manufacturers and accounts for 40 percent of the Economic Sentiment Indicator.

Services Sentiment

3.9

In the Euro Area, Services Sentiment measures the confidence level among service providers and accounts for 30 percent of the Economic Sentiment Indicator.

Selling Price Expectations

3.6

Baden Wuerttemberg CPI MoM

0.3%

In Germany, Consumer Price index is the most frequently used indicator of inflation and reflect changes in the cost of acquiring a fixed basket of goods and services by the average consumer.

Baden Wuerttemberg CPI YoY

7%

In Germany, Consumer Price index is the most frequently used indicator of inflation and reflect changes in the cost of acquiring a fixed basket of goods and services by the average consumer.

Bavaria CPI YoY

5.9%

In Germany, Consumer Price index is the most frequently used indicator of inflation and reflect changes in the cost of acquiring a fixed basket of goods and services by the average consumer.

Bavaria CPI MoM

0.3%

In Germany, Consumer Price index is the most frequently used indicator of inflation and reflect changes in the cost of acquiring a fixed basket of goods and services by the average consumer.

Brandenburg CPI YoY

7.1%

In Germany, Consumer Price index is the most frequently used indicator of inflation and reflect changes in the cost of acquiring a fixed basket of goods and services by the average consumer.

Brandenburg CPI MoM

0.7%

In Germany, Consumer Price index is the most frequently used indicator of inflation and reflect changes in the cost of acquiring a fixed basket of goods and services by the average consumer.

Hesse CPI YoY

6%

In Germany, Consumer Price index is the most frequently used indicator of inflation and reflect changes in the cost of acquiring a fixed basket of goods and services by the average consumer.

Hesse CPI MoM

0.2%

In Germany, Consumer Price index is the most frequently used indicator of inflation and reflect changes in the cost of acquiring a fixed basket of goods and services by the average consumer.

PPI MoM

-0.1%

In Italy, the Producer Price Inflation MoM measures a month-over-month change in the price of goods and services sold by manufacturers and producers in the wholesale market.

PPI YoY

-10.2%

In Italy, the industrial producer price index measures the evolution of output prices for goods manufactured in Italy and sold on the domestic and non-domestic markets.

Business Confidence

97.8

In Italy, the Manufacturing Confidence Index covers 4,000 Italian companies. The questionnaire focuses on the current trend of order books, production and inventories, short-term forecasts on order books, production, prices and the general economic situation. The business confidence index is adjusted for seasonal effects and fixed to a base year of 2005. The value 100 indicates no evolution in business sentiment, a value over 100 shows increasing confidence and a value under 100 indicates low expectations.

Consumer Confidence

106.5

In Italy, the Confidence Climate Index covers 2,000 Italian consumers. The survey is done by phone and assesses households’ economic conditions, employment and saving prospects and expected purchases of durable goods. The consumer confidence index is adjusted for seasonal effects and fixed to a base year of 2005. The value 100 indicates no evolution in consumer sentiment, a value over 100 shows increasing confidence and a value under 100 indicates low expectations.

ECB Economic Bulletin

In the Euro Area, benchmark interest rate is set by the Governing Council of the European Central Bank. The primary objective of the ECB’s monetary policy is to maintain price stability which is to keep inflation below, but close to 2 percent over the medium term. In times of prolonged low inflation and low interest rates, ECB may also adopt non-standard monetary policy measures, such as asset purchase programmes. The official interest rate is the Main refinancing operations rate.

ECB McCaul Speech

In the Euro Area, benchmark interest rate is set by the Governing Council of the European Central Bank. The primary objective of the ECB’s monetary policy is to maintain price stability which is to keep inflation below, but close to 2 percent over the medium term. In times of prolonged low inflation and low interest rates, ECB may also adopt non-standard monetary policy measures, such as asset purchase programmes. The official interest rate is the Main refinancing operations rate.

ECB General Council Meeting

In the Euro Area, benchmark interest rate is set by the Governing Council of the European Central Bank. The primary objective of the ECB’s monetary policy is to maintain price stability which is to keep inflation below, but close to 2 percent over the medium term. In times of prolonged low inflation and low interest rates, ECB may also adopt non-standard monetary policy measures, such as asset purchase programmes. The official interest rate is the Main refinancing operations rate.

Retail Sales YoY

7.3%

In Spain, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.

Retail Sales MoM

0.2%

In Spain, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In Spain, Retail sales are seasonal, volatile and relatively important to the overall economy.

Inflation Rate MoM Prel

0.5%

Inflation Rate MoM measures month over month change in the price of goods and services.

Inflation Rate YoY Prel

2.6%

In Spain, the most important categories in the Consumer Price Index are: Foods & Non-alcoholic Beverages (23% of the total weight), Housing, Water, Electricity, Gas & Other Fuels (14%), Restaurants & Hotels (13%) and Transport (13%). The index also includes: Recreation & Culture (6%), Miscellaneous Goods & Services (6%), Clothing & Footwear (6%), Furnishings, Household Equipment & Routine Maintenance (6%), Health (4%), Communications (4%), Alcoholic Beverages & Tobacco (3%), and Education (2%).

Harmonised Inflation Rate YoY Prel

2.4%

The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). The HICP is compiled by Eurostat and the national statistical institutes in accordance with harmonised statistical methods. The ECB aims to maintain annual inflation rates as measured by the HICP below, but close to, 2% over the medium term.

Harmonised Inflation Rate MoM Prel

0.5%

Core Inflation Rate YoY Prel

6.1%

In Spain, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items.

Economic Confidence Index

94.1

In Turkey, economic confidence index is a composite index that encapsulates consumers’ and producers’ evaluations, expectations and tendencies about general economic situation. The index is combined by means of a weighted aggregation of normalized sub-indices of consumer confidence, seasonally adjusted real sector (manufacturing industry), services, retail trade and construction confidence indices. The economic confidence index indicates an optimistic outlook about the general economic situation when the index is above 100, on contrary it indicates a pessimistic outlook when it is below 100.

ECB Enria Speech

In the Euro Area, benchmark interest rate is set by the Governing Council of the European Central Bank. The primary objective of the ECB’s monetary policy is to maintain price stability which is to keep inflation below, but close to 2 percent over the medium term. In times of prolonged low inflation and low interest rates, ECB may also adopt non-standard monetary policy measures, such as asset purchase programmes. The official interest rate is the Main refinancing operations rate.

Consumer Confidence

85

In France, the consumer confidence index is based on a survey of about 2 000 households. The questionnaire focuses on: past and future economic situation in France, past and future personal financial situation, unemployment, intention to make major purchases, current savings capacity and expected savings capacity. The indicator is calculated using factor analysis technique. The index is then calculated in a way to measure the current sentiment in relation to the historic index values of the period 1987-2011. A value over 110 indicates unusually high optimism and a value under 90 indicates unusually high pessimism. The value 100 indicates neutrality.

PPI YoY

1.3%

Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.

Retail Sales YoY

-5.4%

In Denmark, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.

Retail Sales MoM

-4.4%

In Denmark, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In Denmark, Retail sales are seasonal, volatile and relatively important to the overall economy.

Retail Sales MoM

-0.8%

In Norway, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In Norway, Retail sales are seasonal, volatile and relatively important to the overall economy.

Retail Sales YoY

-1.4%

In Norway, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.

Household Consumption MoM

0.2%

In Norway, the index of household consumption of goods measures the development in household consumption of goods (durable and non-durable). The statistics are calculated as an index and are based on the index of retail sales, first-time registered motor vehicles, sales of alcoholic and non-alcoholic beverages and electricity, petrol and fuel statistics. The index does not cover household consumption of goods abroad.

North Rhine Westphalia CPI MoM

0.5%

In Germany, Consumer Price index is the most frequently used indicator of inflation and reflect changes in the cost of acquiring a fixed basket of goods and services by the average consumer.

North Rhine Westphalia CPI YoY

5.9%

In Germany, Consumer Price index is the most frequently used indicator of inflation and reflect changes in the cost of acquiring a fixed basket of goods and services by the average consumer.

Leading Economic Index Final

108.8

In Japan, the Leading Composite Index consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators. The index anticipates changes in the direction of the Japanese economy in the coming months. In general, increase in the index reflects that the economy is in an expansion phase, and decreasing coincident index reflects that the economy is in a contraction phase. The index is used to make official judgement on when the business cycle begins and ends.

Coincident Index Final

115.6

Coincident Index correlates with the business cycle, and is used to identify the current state of the economy. In general, increasing coincident index shows that the economy is in an expansion phase, and decreasing coincident index reflects that the economy is in a contraction phase. The index is calculated using month-over-month percentage changes in 11 leading indicators, 11 coincident indicators, and 6 lagging indicators.

6-Month T-Bill Auction

Business Confidence

-2.2

In Netherlands, the producer confidence survey covers 1,700 manufacturing companies and gathers up-to-date information on economic developments for all activities of the manufacturing industry. The survey covers three components: how companies evaluate their order positions, their stocks of finished products in the month under review and the anticipated economic activity for the next three months. The index is calculated as the percentage of positive answers minus the percentage of negative answers. Therefore, the indicator varies from -100 (all participants evaluate their situation as poor and expect it to become worse) to 100 (all companies are happy with current situation and expect it to improve); 0 indicates neutrality.

2-Year JGB Auction

0.011%

Retail Sales MoM Prel

0.5%

In Australia, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In Australia, Retail sales are seasonal, volatile and relatively important to the overall economy.

St. Wenceslas Day

Milad-Un-Nabi

Id-E-Milad

Mid-Autumn Festival

ANZ Business Confidence

-3.7

In New Zealand, the business confidence index is designed to provide a snapshot of business opinions regarding the expected future state of their business and economy overall. The survey covers around 700 respondents. The Net index is calculated by subtracting the percentage number of businesses that expect that the economic situation improves from the number that expect decline.

Foreign Bond Investment

The net data shows the difference between acquisition and disposition of long-term debt securities: a plus sign indicates net purchases of foreign securities by Japanese investors; a minus sign indicates net selling and inflows of funds into Japan. It excludes Bank of Japan.

Stock Investment by Foreigners

Foreign Investments in Japanese Stocks refers to the net difference between inflow and outflow of investments in Japanese stock market by foreigners.

Car Production YoY

GDP YoY

In Russia, Monthly GDP YoY measures the change in the value of the goods and services produced by the country's economy compared to the corresponding month in the previous year.

5-Year Note Auction

4.4%

10-Year Bond Auction

3.595%

Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Retail Sales YoY

10.5%

In Russia, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.

Unemployment Rate

3%

In Russia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Corporate Profits

14800000000000

Corporate Profits in Russia is balanced financial result (profit minus loss) of organizations, excluding small businesses, banks, insurance companies and budgetary institutions. Corporate Profits is cumulative value.

Business Confidence

In Russia, the business confidence index measures morale among manufacturers. The index is calculated as the arithmetic average balances of assessments of actually existing levels of demand, stocks of finished products (with opposite sign) as well as change in output expected in the next 3 months. The index shows the difference between the percentage share of executives that are optimistic and the percentage of that is pessimistic. The index takes a value between -100 (all responding entities asses their situation as poor and expect it to become worse) up to 100 (all participants are satisfied with the current situation and expect it to improve); 0 indicates neutrality.

Real Wage Growth YoY

In Russia, Real Wage Growth measures the year-on-year change in average monthly wages adjusted for inflation.

Industrial Production YoY

In Russia, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 55 percent of total production. The biggest segments within manufacturing are: metallurgy (9.6 percent); coke and refined petroleum products (9.5 percent); food beverages and tobacco (8.4 percent); chemicals (4 percent); machinery and equipment (3.8 percent); transport (3.7 percent) and electrical equipment (3.4 percent). Mining and quarrying accounts for 35 percent, and natural gas and crude oil exploration represents 29 percent of total output. Also, electricity, gas and water supply accounts for 11 percent.