BoC Business Outlook Survey

In Canada, benchmark interest rate is set by the Bank of Canada's (BoC) Governing Council. The official interest rate is the Overnight Rate. Since 1996 the Bank Rate is set at the upper limit of an operating band for the money market overnight rate. Previously, from March 1980 until February 1996 the Bank Rate was set at 25 basis points above the weekly average tender rate for 3-month Treasury bills.

Central Government Debt

9005000000000

In Turkey, Government Debt refers to the central government gross debt stock in local and foreign currencies.

3-Month BTF Auction

6-Month BTF Auction

12-Month BTF Auction

Balance of Trade

9100000000

Russia has been running regular trade surpluses since 1998 primarily due to high exports of commodities like crude oil and natural gas. The biggest trade surpluses were recorded with: Netherlands, Turkey, Italy and Japan. The biggest trade deficits were recorded with: China, the United States and France.

Current Account

9100000000

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).

BCB Focus Market Readout

In Brazil, interest rate decisions are taken by The Central Bank of Brazil's Monetary Policy Committee (COPOM). The official interest rate is the Special System of Clearance and Custody rate (SELIC) which is the overnight lending rate.

Unemployment Rate

5.9%

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

9-Month Bubill Auction

3-Month Bubill Auction

Construction Output YoY

0.2%

The production index in construction measures the evolution of output within the construction sector, including building construction and civil engineering.

Consumer Confidence

In Spain, the Consumer Confidence survey is made by phone and covers 1,000 individuals aged over 16 who are representative of Spanish society as a whole. The questionnaire focuses on current economic and financial situation, savings intention as well as on expected developments regarding general and personal economic situation and major purchases of durable goods. The index shows the difference between the percentage share of persons that are optimistic and the percentage of persons that are pessimistic. The index measures consumer confidence on a scale of 0 to 200, where 0 indicates extreme lack of confidence, 100 neutrality and 200 extreme confidence.

Construction Output YoY

3.4%

The production index in construction measures the evolution of output within the construction sector, including building construction and civil engineering.

Current Account

-383000000

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).

Unemployment Rate

3.1%

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

Producer & Import Prices MoM

-0.6%

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

-1.5%

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.

FDI (YTD) YoY

-27.9%

In China, Foreign Direct Investment refers to foreign capital actually utilized, which is to the amount which has been actually used according to the agreements and contracts, including cash, materials and invisible capital such as labor service and technology which both parties agree to take as an investment.

PPI MoM

0.5%

In Germany, 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

0.1%

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.

10-Year KTB Auction

2.665%

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.

Capacity Utilization MoM

2.6%

In Japan, capacity utilization is the quantity of production divided by the quantity of production capacity, expressing the state of operations for various facilities in the manufacturing industry. It does not measure the absolute level of capacity utilization but the relative capacity utilization rate compared with the benchmark year.

Industrial Production YoY Final

1.4%

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

Industrial Production MoM Final

2.8%

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

Tertiary Industry Index MoM

0.3%

The activity index of the tertiary industry helps to understand an overall picture of industrial activities, inclusive of all business categories in the tertiary industry. The composite index is a general indicator in which the indexes to express the activity in respective business categories are consolidated with weight in terms of the scale of relative importance of each business category (value added). Wholesale Trade is the most important sector and accounts for 15 percent of tertiary activity, followed by Medical, Health Care & Welfare and Living & Amusement-related Services (12 percent each), Information & Communications (11 percent), Retail Trade and Transport & Postal Activities (10 percent each), Finance and Insurance (9 percent), Real Estate (8 percent), Business-related Services (7 percent), and Electricity, Gas, Heat Supply & Water and Goods Rental and Leasing (3 percent each).

Loan Prime Rate 1Y

3.1%

The People’s Bank of China (PBOC) on August 17th, 2019, designated the Loan Prime Rate (LPR) the new lending benchmark for new bank loans to households and businesses, replacing the central bank’s benchmark one-year lending rate. The rate is based on a weighted average of lending rates from 18 commercial banks, which will submit their LPR quotations, based on what they have bid for PBOC liquidity in open market operations, to the national interbank funding center before 9am CST on the 20th of every month.

Loan Prime Rate 5Y

3.6%

Eurogroup Meeting

Martin Luther King, Jr. Day

World Economic Forum Annual Meeting

Machinery Orders MoM

2.1%

In Japan, Machinery Orders refers to the month-over-month change of the private sector machinery orders, excluding volatile ones for ships and those from electric power companies.

Machinery Orders YoY

5.6%

In Japan, Machinery Orders refers to the month-over-month change of the private sector machinery orders, excluding volatile ones for ships and those from electric power companies.

Foreign Exchange Reserves

1239000000000

In Japan, 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.