Business Confidence

51.9

In Brazil, the Industrial Entrepreneur Confidence Index (ICEI) measures the current situation of businesses and their future prospects. The survey covers about 2,500 companies in the construction, mining, and manufacturing industries. The questionnaire is made by phone and focuses on: production trends in recent months, order books, export order books, stocks and production expectations. The indicator varies on a scale of 0 to 100 where 50 indicates neutrality, 0 indicates extreme lack of confidence and 100 extreme confidence.

Michigan Consumer Sentiment Prel

The Index of Consumer Expectations focuses on three areas: how consumers view prospects for their own financial situation, how they view prospects for the general economy over the near term, and their view of prospects for the economy over the long term. Each monthly survey contains approximately 50 core questions, each of which tracks a different aspect of consumer attitudes and expectations. The samples for the Surveys of Consumers are statistically designed to be representative of all American households, excluding those in Alaska and Hawaii. Each month, a minimum of 500 interviews are conducted by telephone.

Michigan Current Conditions Prel

The Index of Consumer Expectations focuses on three areas: how consumers view prospects for their own financial situation, how they view prospects for the general economy over the near term, and their view of prospects for the economy over the long term. Each monthly survey contains approximately 50 core questions, each of which tracks a different aspect of consumer attitudes and expectations. The samples for the Surveys of Consumers are statistically designed to be representative of all American households, excluding those in Alaska and Hawaii. Each month, a minimum of 500 interviews are conducted by telephone.

Michigan 5 Year Inflation Expectations Prel

The Index of Consumer Expectations focuses on three areas: how consumers view prospects for their own financial situation, how they view prospects for the general economy over the near term, and their view of prospects for the economy over the long term. Each monthly survey contains approximately 50 core questions, each of which tracks a different aspect of consumer attitudes and expectations. The samples for the Surveys of Consumers are statistically designed to be representative of all American households, excluding those in Alaska and Hawaii. Each month, a minimum of 500 interviews are conducted by telephone.

Michigan Consumer Expectations Prel

The Index of Consumer Expectations focuses on three areas: how consumers view prospects for their own financial situation, how they view prospects for the general economy over the near term, and their view of prospects for the economy over the long term. Each monthly survey contains approximately 50 core questions, each of which tracks a different aspect of consumer attitudes and expectations. The samples for the Surveys of Consumers are statistically designed to be representative of all American households, excluding those in Alaska and Hawaii. Each month, a minimum of 500 interviews are conducted by telephone.

Michigan Inflation Expectations Prel

The Index of Consumer Expectations focuses on three areas: how consumers view prospects for their own financial situation, how they view prospects for the general economy over the near term, and their view of prospects for the economy over the long term. Each monthly survey contains approximately 50 core questions, each of which tracks a different aspect of consumer attitudes and expectations. The samples for the Surveys of Consumers are statistically designed to be representative of all American households, excluding those in Alaska and Hawaii. Each month, a minimum of 500 interviews are conducted by telephone.

Fed Harker 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.

ECB President Lagarde 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.

Import Prices MoM

0.5%

In the United States, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates.

Export Prices MoM

1.3%

In the United States, Export Prices correspond to the rate of change in the prices of goods and services sold by residents of that country to foreign buyers. Export Prices are heavily affected by exchange rates.

Import Prices YoY

-3%

In the United States, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates.

Export Prices YoY

-5.5%

In the United States, Export Prices correspond to the rate of change in the prices of goods and services sold by residents of that country to foreign buyers. Export Prices are heavily affected by exchange rates.

Balance of Trade

-24200000000

India has been recording sustained trade deficits since 1980 mainly due to the strong imports growth, particularly of mineral fuels, oils and waxes and bituminous substances and pearls, precious and semi-precious stones and jewelry. In recent years, the biggest trade deficits were recorded with China, Switzerland, Saudi Arabia, Iraq and Indonesia. India records trade surpluses with the US, United Arab Emirates, Hong Kong, United Kingdom and Vietnam.

Imports

58640000000

India main imports are: mineral fuels, oils and waxes and bituminous substances (27 percent of total imports); pearls, precious and semi-precious stones and jewelry (14 percent); electrical machinery and equipment (10 percent); nuclear reactors, boilers, machinery and mechanical appliances (8 percent); and organic chemicals (4 percent). India’s major import partners are: China (16 percent of total imports), the United States (6 percent), United Arab Emirates (6 percent), Saudi Arabia (5 percent) and Switzerland (5 percent).

Exports

34480000000

In recent years, India exported mostly: pearls, precious and semi-precious stones and jewelry (16 percent of total shipments); mineral fuels, oils and waxes and bituminous substances (12 percent); vehicles, parts and accessories (5 percent); nuclear reactors, boilers, machinery and mechanical appliances (5 percent); pharmaceutical products (5 percent); and organic chemicals (4 percent). India’s main export partners are: United States (15 percent of the total exports), United Arab Emirates (11 percent), Hong Kong (5 percent), China (4 percent), Singapore (4 percent) and United Kingdom (3 percent).

Balance of Trade

1068000000

From the beginning of the past decade, Poland’s foreign trade turnover increased almost ten-fold. Poland exports processed fruit and vegetables, meat, dairy products, electromechanical products, vehicles, aircraft and vessels. Most of Poland's imports are capital goods needed for industrial retooling and for manufacturing inputs like machinery and transport equipment, chemicals, minerals, fuels and lubricants. European Union is by far its largest trading partner accounting for about 79% of exports and 64% of imports.

Current Account

566000000

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).

Foreign Exchange Reserves

In India, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.

Current Account

-2905000000

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).

Car Sales YoY

-8.3%

In Indonesia, Total Car Sales refers to total domestic sales of new passenger cars.

Inflation Rate MoM Final

0.3%

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

Inflation Rate YoY Final

3.7%

In Portugal, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. The most important categories in Portuguese Consumer Price Index are: Food & Non-alcoholic Beverages (21% of the total weight), Transport (14%), Miscellaneous Goods & Services (10%) and Housing, Water, Electricity, Gas & Other Fuels (10%). Restaurant & Hotels account for 9%, Recreation & Culture for 7%, and Clothing & Footwear for 7%. The index also includes: Health (6%), and Furnishings, Household Equipment & Routine Maintenance of the House (6%). Alcoholic Beverages & Tobacco, Communication and Education account for remaining 9%.

CPI

118.415

In Portugal, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services.

Industrial Production MoM

-1.1%

In Euro Area, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.

Industrial Production YoY

-2.2%

In Euro Area, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.

Industrial Production MoM

-1.1%

In Poland, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 86 percent of total production. The biggest segments within Manufacturing are: food products (16 percent of total production); motor vehicles, trailers and semi-trailers (10 percent); metal products (7 percent), rubber and plastic products (6 percent), electrical equipment (5 percent), coke and refined petroleum products (5 percent), chemicals and chemical products (4 percent), other non-metallic mineral products (4 percent), and basic metals (4 percent). Electricity, gas, steam and air conditioning supply accounts for 8 percent of total output; Mining and quarrying for 3 percent; and Water supply; sewerage, waste management and remediation activities for 2 percent.

Current Account

-16460000000

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).

Inflation Rate MoM Final

0%

In Poland, the most important categories in the consumer price index are: Food and non-alcoholic beverages (25 percent of the total weight); Housing, water, electricity, gas and other fuels (19 percent); Transport (10 percent); Recreation and Culture (6 percent); Alcoholic beverages and tobacco (6 percent), Restaurants and hotels (6 percent); Furnishings, household equipment, routine household maintenance (6 percent); and Miscellaneous goods and services (6 percent). Health, Clothing and footwear, Communication and Education account for the remaining 15 percent of total weight.

Inflation Rate YoY Final

10.1%

In Poland, the most important categories in the consumer price index are: Food and non-alcoholic beverages (24 percent of the total weight); Housing energy/maintenance (21 percent); Transport (9 percent); Recreation and Culture (7 percent). Alcohol and tobacco, Health, Other goods and services, and Clothing account for 6 percent each. Communication, Restaurants and Hotels, Household Equipment and Education account for the remaining 17 percent of total weight.

Inflation Rate MoM Final

0.5%

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

Core Inflation Rate YoY Final

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.

Harmonised Inflation Rate MoM Final

0.5%

Harmonised Inflation Rate YoY Final

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.

Inflation Rate YoY Final

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%).

CPI

113.15

In Spain, the most important categories in the consumer price index are food and non-alcoholic beverages (20 percent of the total weight), transport (15 percent), housing and utilities (13 percent) and hotels, cafés and restaurants (12 percent). The index also includes: Recreation and culture (9 percent); miscellaneous goods and services (7 percent); and clothing and footwear (7 percent). Furnishings, household equipment and routine maintenance of the house; health; communications; alcoholic beverages and tobacco; and education account for the remaining 18 percent of total weight.

Inflation Rate YoY Final

4.9%

In France, the most important category in the consumer price index is services (48 percent of total weight), in particular rents, water and garbage collection (8 percent), health services (7 percent), transport (2 percent), and communication (2 percent). The index also includes: manufactured products (24 percent) such as medical products (4 percent) and clothing and footwear (3 percent); food (16 percent); energy (9 percent) such as petroleum products (4 percent); and tobacco (2 percent).

Inflation Rate MoM Final

1%

In France, the most important category in the consumer price index is services (48 percent of total weight), in particular actual rentals and services for dwellings (7 percent), health services (6 percent), transport (3 percent), and communication (2 percent). The index also includes: manufactured products (26 percent) such as medical products (4 percent) and clothing and footwear (4 percent); food (16 percent); energy (8 percent) such as petroleum products (4 percent); and tobacco (2 percent).

Harmonised Inflation Rate YoY Final

5.7%

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 Final

1.1%

Producer & Import Prices MoM

-0.2%

In Switzerland, the producer price index (which measures the price development of goods that are produced and sold by enterprises operating within the country) and the import price index (which measures the price development of imported goods) are combined into the price index for the whole range of goods. Only domestic sales are considered for the producer price index when combining the indices.

Producer & Import Prices YoY

-0.8%

In Switzerland, the Producer Price Index (PPI) is officially named “Producer and Import Price Index”. Producer price index measures the price development of goods that are produced and sold by enterprises operating within the country and the import price index measures the price development of imported goods. Only domestic sales are considered for the producer price index when combining the indices.

Industrial Production YoY Final

-2.6%

In Hungary, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.

WPI Fuel YoY

-6.03%

In India, the wholesale price index (WPI) is the main measure of inflation. The WPI measures the price of a representative basket of wholesale goods. In India, wholesale price index is divided into three groups: Primary Articles (22.6 percent of total weight); Fuel and Power (13.2 percent); and Manufactured Products (64.2 percent). The Food Index from the Primary Articles and Manufactured Products groups accounts for 24.4 percent of the total weight. The most important components of the Manufactured Products group are Basic Metals (9.7 percent of total weight); Food products (9.1 percent); Chemicals and Chemical products (6.5 percent) and Textiles (4.9 percent). Within the Primary Articles group, the most important component is Food Articles (15.3 percent), while within Fuel and Power, the most important category is HSD (3.1 percent).

WPI Manufacturing YoY

-2.37%

In India, the wholesale price index (WPI) is the main measure of inflation. The WPI measures the price of a representative basket of wholesale goods. In India, wholesale price index is divided into three groups: Primary Articles (22.6 percent of total weight); Fuel and Power (13.2 percent); and Manufactured Products (64.2 percent). The Food Index from the Primary Articles and Manufactured Products groups accounts for 24.4 percent of the total weight. The most important components of the Manufactured Products group are Basic Metals (9.7 percent of total weight); Food products (9.1 percent); Chemicals and Chemical products (6.5 percent) and Textiles (4.9 percent). Within the Primary Articles group, the most important component is Food Articles (15.3 percent), while within Fuel and Power, the most important category is HSD (3.1 percent).

WPI Inflation YoY

-0.52%

In India, the wholesale price index (WPI) is the main measure of inflation. The WPI measures the price of a representative basket of wholesale goods. In India, wholesale price index is divided into three groups: Primary Articles (22.6 percent of total weight); Fuel and Power (13.2 percent); and Manufactured Products (64.2 percent). The Food Index from the Primary Articles and Manufactured Products groups accounts for 24.4 percent of the total weight. The most important components of the Manufactured Products group are Basic Metals (9.7 percent of total weight); Food products (9.1 percent); Chemicals and Chemical products (6.5 percent) and Textiles (4.9 percent). Within the Primary Articles group, the most important component is Food Articles (15.3 percent), while within Fuel and Power, the most important category is HSD (3.1 percent).

WPI Food Index YoY

5.62%

In India, the wholesale price index (WPI) is the main measure of inflation. The WPI measures the price of a representative basket of wholesale goods. In India, wholesale price index is divided into three groups: Primary Articles (22.6 percent of total weight); Fuel and Power (13.2 percent); and Manufactured Products (64.2 percent). The Food Index from the Primary Articles and Manufactured Products groups accounts for 24.4 percent of the total weight. The most important components of the Manufactured Products group are Basic Metals (9.7 percent of total weight); Food products (9.1 percent); Chemicals and Chemical products (6.5 percent) and Textiles (4.9 percent). Within the Primary Articles group, the most important component is Food Articles (15.3 percent), while within Fuel and Power, the most important category is HSD (3.1 percent).

Inflation Rate YoY

7.5%

In Sweden, the most important categories in the Consumer Price Index is Housing & Utilities (24% of the total weight). Food & Non-alcoholic Beverages account for 14%; Transport for 13%; Recreation & Culture for 13%; Miscellaneous Goods & Services for 8%; and Furniture, Household Goods & Maintenance (7%). Others also includes: Restaurant & Hotels (6%), Clothing & Footwear (4%), Alcoholic Beverages & Tobacco (4%), Health (4%), Communications (3%), and Education (0.30%).

Inflation Rate MoM

0.1%

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

CPIF YoY

4.7%

As of September 2017, the Riksbank uses the CPIF, the consumer price index with a fixed interest rate, as target variable for the inflation target. According to the central bank, "From a monetary policy perspective, one disadvantage of the CPI is that it is directly affected by changes in the policy rate. These adjustments have, through their impact on mortgage rates, large and direct effects on the CPI which are not connected to underlying inflationary pressures".

CPIF MoM

-0.1%

As of September 2017, the Riksbank uses the CPIF, the consumer price index with a fixed interest rate, as target variable for the inflation target. According to the central bank, "From a monetary policy perspective, one disadvantage of the CPI is that it is directly affected by changes in the policy rate. These adjustments have, through their impact on mortgage rates, large and direct effects on the CPI which are not connected to underlying inflationary pressures".

CPI

405.97

In Sweden, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services.

Inflation Rate YoY

5.6%

In Finland, the most important category in the consumer price index is housing, water, electricity, gas and other fuels (25 percent of total weight). Food and non-alcoholic beverages accounts for 14 percent; transport for 13 percent and recreation and culture for 12 percent. Consumer price index in Finland also includes miscellaneous goods and services (7 percent); restaurants and hotels (7 percent) and furnishings, household equipment and routine household maintenance (5 percent). Health; alcoholic beverages and tobacco; clothing and footwear; communication and education account for remaining 17 percent of total weight.

Inflation Rate MoM

-0.7%

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

GDP YoY

1.5%

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

CPI

120.4

In Finland, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services.

3-Month Bill Auction

Imports YoY

-7.3%

Balance of Trade

68360000000

Since 1995, China has been recording consistent trade surpluses. In 2022, the trade surplus surged 31% to USD 876.91 billion, the highest since records started in 1950, with exports rising 7% and imports up 1%.

Exports YoY

-8.8%

Inflation Rate MoM

0.3%

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

PPI YoY

-3%

In China, producer prices change measures the average annual change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.

Inflation Rate YoY

0.1%

In China, the most important components of the CPI basket are Food (31.8 percent of total weight) and Residence (17.2 percent). Recreation, Education and Culture Articles account for 13.8 percent; Transportation and Communication for 10 percent, Healthcare and Personal Articles for 9.6 percent, Clothing for 8.5 percent; Households Facilities, Articles and Services for 5.6 percent; Tobacco, Liquor and Articles for the remaining 3.5 percent. The CPI basket is reviewed every five years on the basis of household surveys. Revisions reflect new spending patterns and economic development, according to the National Bureau of Statistics. Last revision took place in 2011.

Passenger Vehicles Sales YoY

11.6%

GDP Growth Rate QoQ Adv

0.3%

Since gaining independence in 1963, Singaporean economy has been growing rapidly and as a result the country has now one of the highest GDP per capita in the world. The economy depends heavily on foreign trade; both from port activities and from exports of electronic components and refined oil. The country is a leading foreign direct investment recipient due to its status of one of the freest, most competitive and most business-friendly economies in the world. Singapore is also an important financial center.

GDP Growth Rate YoY Adv

0.7%

In Singapore, services are the biggest sector of the economy and account for 72 percent of GDP. Within services the most important segments are: wholesale and retail trade (18 percent of total GDP); business services (16 percent); finance and insurance (13 percent), transport and storage (10 percent) and information and communications (5 percent). Industry contributes the remaining 28 percent total output. Manufacturing (21 percent) and construction (5 percent) are the most important industry segments.

Unemployment Rate

2.4%

In South Korea, the seasonally adjusted unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Business NZ PMI

46.1

The Business NZ Performance of Manufacturing Index (PMI) is a composite index based on the diffusion indexes for production, new orders, delivered, inventories and employment. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.

Monthly Budget Statement

89000000000

Federal Government budget balance is the difference between budget receipts (income) and budget outlays (spending). A budget surplus is expressed as a positive value. A budget deficit is expressed as a negative value.

Fed Bostic 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.

30-Year Bond Auction

4.125%

WASDE Report

15-Year Mortgage Rate

30-Year Mortgage Rate

The Primary Mortgage Market Survey (PMMS) is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20 percent down and have excellent credit. Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. The interest rate a lender would charge to lend mortgage money to a qualified borrower exclusive of the fees and points required by the lender. This commitment rate applies only to conventional financing on conforming mortgages with loan-to-value rates of 80 percent or less.