17-Week Bill Auction

Interest Rate Decision

6.75%

In Poland interest rates decisions are taken by the National Bank of Poland (Narodowy Bank Polski, NBP). The official interest rate is the Reference Rate.

EIA Crude Oil Stocks Change

Stocks of crude oil refer to the weekly change of the crude oil supply situation.

EIA Gasoline Stocks Change

Stocks of gasoline refers to the weekly change of the gasoline supply situation.

EIA Refinery Crude Runs Change

Crude Runs refer to the volume of crude oil consumed by refineries.

EIA Distillate Stocks Change

EIA Heating Oil Stocks Change

EIA Gasoline Production Change

EIA Crude Oil Imports Change

EIA Cushing Crude Oil Stocks Change

Change in the number of barrels of crude oil held in storage at the Cushing, Oklahoma during the past week.

EIA Distillate Fuel Production Change

Car Production MoM

37.3%

In Brazil, car production measures the total number of manufactured cars including passenger cars, trucks and buses in the reference month.

New Car Registrations MoM

53.1%

In Brazil, New Vehicle Registrations refers to total registration of new vehicles, including passenger cars, trucks and buses.

Foreign Exchange Reserves

593900000000

In Russia, 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. After the Russian invasion of Ukraine, the Western countries have frozen about USD 300 billion of Russian reserves. Despite the prohibition of using assets, the central bank includes frozen assets in its data.

Building Permits MoM

8.6%

In Canada, building permits refer to the value of permits issued for new buildings, alterations, additions, renovations. It includes expenditures on materials, labour, profit and overheads. .

Inflation Rate MoM

0.1%

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

Core Inflation Rate MoM

0.4%

Inflation Rate YoY

5%

In the United States, unadjusted Consumer Price Index for All Urban Consumers is based on the prices of a market basket of: Food (14% of total weight); Energy (8%); Commodities Less Food & Energy Commodities (21%) and Services Less Energy Services (57%). The last category is divided by: Shelter (32%), Medical Care Services (7%) and Transportation Services (6%).

Core Inflation Rate YoY

5.6%

In the United States, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes volatile food and fuel costs.

CPI

301.836

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

CPI s.a

301.81

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

Industrial Production MoM

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

Industrial Production YoY

-2.4%

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

Monetary Policy Meeting Minutes

In Hungary, interest rates decisions are taken by the Monetary Council of the Hungarian National Bank (Magyar Nemzeti Bank). The main interest rate is the central bank base rate on refinancing credit maturing over one year that the Central Bank lends to financial institutions.

Interest Rate Decision

In Romania, interest rates decisions are taken by the Board of the National Bank of Romania (Banca Nationala a Romaniei). The official interest rate is the Policy Rate.

MBA 30-Year Mortgage Rate

MBA 30-Year Mortgage Rate is average 30-year fixed mortgage lending rate measured during the reported week and backed by the Mortgage Bankers Association.

MBA Mortgage Applications

In the US, the MBA Weekly Mortgage Application Survey is a comprehensive overview of the nationwide mortgage market and covers all types of mortgage originators, including commercial banks, thrift institutions and mortgage banking companies. The entire market is represented by the Market Index which covers all mortgage applications during the week, whether for a purchase or to refinance. The survey covers over 75% of all US retail residential mortgage applications.

MBA Mortgage Refinance Index

The MBA Weekly Mortgage Application Survey is a comprehensive overview of the nationwide mortgage market and covers all types of mortgage originators, including commercial banks, thrift institutions and mortgage banking companies. The entire market is represented by the Market Index which covers all mortgage applications during the week. This includes all conventional and government applications, all fixed-rate mortgages (FRMs), all adjustable-rate mortgages (ARMs), whether for a purchase or to refinance.

MBA Mortgage Market Index

The MBA Weekly Mortgage Application Survey is a comprehensive overview of the nationwide mortgage market and covers all types of mortgage originators, including commercial banks, thrift institutions and mortgage banking companies. The entire market is represented by the Market Index which covers all mortgage applications during the week. This includes all conventional and government applications, all fixed-rate mortgages (FRMs), all adjustable-rate mortgages (ARMs), whether for a purchase or to refinance.

MBA Purchase Index

Balance of Trade

-2367000000

Portugal runs regular trade deficits. Machinery and mechanical appliances are the main group of products exported and imported, and also the group with the largest trade deficit. On the other hand, the largest commercial surpluses are in the transactions of Mineral products, Cellulose pulp and paper, Clothing and Footwear. In terms of traded goods, Industrial supplies is the main traded category. Spain, France and Germany are the main external customers and suppliers of goods to Portugal, accounting for 50.9% of total exports and 52% of imports. Spain is Portugal's largest partner (weight of 26.7% in exports and 32.8% in imports). Transactions with Spain record the largest trade deficit, while the largest surplus is with France. Outside the EU, the United States is the main customer while China is the main Extra-EU supplier of goods.

30-Year Bund Auction

2.33%

12-Month BOT Auction

Industrial Production MoM

6.1%

In Belgium, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector. The biggest segments within Manufacturing are: chemical products (19 percent of total production); food products and beverages (16 percent); basic metals (11 percent); motor vehicles, trailers and semi-trailers (10 percent); pharmaceuticals (8 percent); machinery and equipment (5 percent); and fabricated metal products (5 percent).

Industrial Production YoY

1.1%

In Belgium, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector. The biggest segments within Manufacturing are: chemical products (19 percent of total production); food products and beverages (16 percent); basic metals (11 percent); motor vehicles, trailers and semi-trailers (10 percent); pharmaceuticals (8 percent); machinery and equipment (5 percent); and fabricated metal products (5 percent).

Balance of Trade

-530900000

Trade is an integral part of the recent economic success of Cyprus, as the island nation falls short of being self-sufficient for food and fuel. As such, Cyprus is a net importer of fuels, raw materials, heavy machinery and transportation equipment. Cyprus mostly exports citrus fruits, cement, potatoes, clothing and pharmaceuticals. Cyprus' largest, and most important, trading partner is the European Union, which accounts for 50% of all Cypriot trade flows, followed by the Middle East, destination for 20% of exports from Cyprus. In the European Union, the UK and Greece account for the largest share of trade due to historical connections. Recent discoveries of offshore gas will likely diminish Cyprus' need for importing energy and lead to a shift in the composition of its exports.

10-Year Treasury Gilt Auction

3.592%

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.

Inflation Rate MoM

1.2%

In Greece, the most important categories in the consumer price index are: food and non-alcoholic beverages (17 percent of total weight); transport (13 percent); housing (12 percent) and hotels, cafés and restaurants (11 percent). The index also includes: clothing and footwear (9 percent); health (7 percent); furnishing and household equipment (7 percent); recreation and culture (5 percent); communication (5 percent). Education, alcoholic beverages, tobacco and other goods and services account for the remaining 14 percent of total weight.

Inflation Rate YoY

4.6%

In Greece, the most important categories in the consumer price index are: food and non-alcoholic beverages (21 percent of total weight); housing (16 percent); and transport (14 percent). The index also includes: hotels, cafés and restaurants (10 percent); health (8 percent); miscellaneous goods and services (7 percent); and clothing and footwear (6 percent). Household equipment, alcoholic beverages, tobacco, communication, recreation and culture, and education account for the remaining 19 percent of total weight.

Industrial Production YoY

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

Harmonised Inflation Rate YoY

5.4%

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.

Foreign Exchange Reserves

140660000000

In Czech Republic, 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.

Industrial Production MoM

-0.2%

In Italy, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 88 percent of total production. The biggest segments within Manufacturing are: Metallurgy and fabricated metal products (14 percent of total production); machinery and equipment (12 percent); food, drink and tobacco (10 percent); rubber and plastics products and non-metallic mineral products (9 percent); textile, clothing and leather (8 percent); transport equipment (7 percent); and other manufacturing, repair and installation of machinery and equipment (7 percent). Electricity, gas, steam and air conditioning account for 10 percent of total output and Mining and quarrying account for 1 percent.

Industrial Production YoY

-2.3%

In Italy, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 88 percent of total production. The biggest segments within Manufacturing are: Metallurgy and fabricated metal products (14 percent of total production); machinery and equipment (12 percent); food, drink and tobacco (10 percent); rubber and plastics products and non-metallic mineral products (9 percent); textile, clothing and leather (8 percent); transport equipment (7 percent); and other manufacturing, repair and installation of machinery and equipment (7 percent). Electricity, gas, steam and air conditioning account for 10 percent of total output and Mining and quarrying account for 1 percent.

Industrial Production YoY

8.5%

In Austria, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector (69 percent of total production) including: machinery and equipment (9 percent); basic metals (6 percent); food products (6 percent); motor vehicles, trailers and semi-trailers (6 percent); fabricated metal products, except machinery and equipment (6 percent); and electrical equipment (5 percent). Electricity, gas, steam and air conditioning supply account for 15 percent of total output followed by construction (13 percent), water supply, sewerage and waste management (2 percent) and mining and quarrying (1 percent).

Unemployment Rate

3.7%

In Czech Republic, the unemployment rate shows the share of unemployed people between the ages of 15 and 64 immediately able to start work versus all working people in the same demographic group.

Unemployment Rate

10%

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

Industrial Production YoY

-8.2%

In Turkey, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 84 percent of total production. The biggest segments within Manufacturing are: Food products (16 percent of total production); basic metals (11 percent); motor vehicles, trailers and semi-trailers (9 percent); textile (8 percent); other non-metallic mineral products (6 percent); rubber and plastic products (5 percent); chemicals and chemical products (5 percent); electrical equipment (5 percent); wearing apparel (5 percent); and fabricated metal products (5 percent).

Labor Participation Rate

53.6%

The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.

Industrial Production MoM

-6%

In Turkey, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 84 percent of total production. The biggest segments within Manufacturing are: Food products (16 percent of total production); basic metals (11 percent); motor vehicles, trailers and semi-trailers (9 percent); textile (8 percent); other non-metallic mineral products (6 percent); rubber and plastic products (5 percent); chemicals and chemical products (5 percent); electrical equipment (5 percent); wearing apparel (5 percent); and fabricated metal products (5 percent).

Inflation Rate YoY

25.2%

In Hungary, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (23 percent of total weight). Transport accounts for 15 percent; Housing and Utilities for 12 percent; Alcoholic beverages, Tobacco and Narcotics for 9 percent; Recreation and Culture for 7 percent; Miscellaneous Goods and Services for 7 percent; and Furniture, Household Equipment and Maintenance for 7 percent. Health; Restaurants and Hotels; Communication; Clothing and Footwear; and Education account for the remaining 20 percent of total weight.

Inflation Rate MoM

0.8%

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

Core Inflation Rate YoY

25.7%

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

Inflation Rate MoM Final

0.8%

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 Final

7.4%

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 YoY Final

7.8%

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%

CPI

116.1

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 by Alcoholic beverages & tobacco, Communication and Education. .

Inflation Rate YoY

6.7%

In Denmark, the most important category in the consumer price index is Housing and Utilities (30 percent of total weight). Food and Non-Alcoholic Beverages accounts for 13 percent; Transport for 12 percent; Recreation and Culture for 11 percent; Miscellaneous Goods and Services for 9 percent; and Furnishings and Household Services for 6 percent. Restaurants and Hotels; Clothing and Footwear; Alcoholic beverages and Tobacco; Health; Communication; and Education account for the remaining 20 percent of total weight.

Inflation Rate MoM

-0.2%

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

Harmonised Inflation Rate YoY

7.3%

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.

CPI

117.3

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

Core Inflation Rate MoM

0.6%

In Norway, the core inflation rate, which is adjusted for taxes and energy prices, is the measure used by the central bank in setting interest rates.

PPI YoY

-21.9%

In Norway, the Producer Price Index measures the price development of first hand sales of products to the Norwegian market, from Norwegian production and export. Manufacturing prices account for 54 percent of the total index. The biggest segments within Manufacturing prices are: Food, beverages and tobacco (12 percent), refined petroleum products (8 percent) machinery and equipment (6 percent) and basic metals (5 percent). Extraction and related services account for 41 percent, Electricity, gas and steam account for 4 percent and Mining and quarrying account for 1 percent.

Inflation Rate YoY

6.5%

In Norway, the most important category in the Consumer Price Index is Housing & Utilities (24.62% of the total weight). Transport accounts for 14.97%, Food & Non-alcoholic Beverages for 12.86%, Recreation & Culture for 10.79%, and Miscellaneous Goods & Services for 8.72%. The index also includes: Furnishings, Household Equipment & Routine Maintenance (6.89%), Clothing & Footwear (5.09%), Alcoholic Beverages & Tobacco (4.2%), Health (3.39%), Communication (2.37%), and Education (0.49%).

Inflation Rate MoM

0.8%

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

Core Inflation Rate YoY

6.2%

In Norway, the core inflation, which is adjusted for taxes and energy prices, is the measure used by the central bank in setting interest rates. It targets inflation at around 2 percent over the long term.

CPI

127.6

In Norway, the most important category in the consumer price index is Housing and Utilities (23 percent of total weight). Transport accounts for 16 percent; Food and Non-Alcoholic Beverages for 13 percent; Recreation and Culture for 12 percent; Miscellaneous Goods and Services for 9 percent and Furniture, Household Goods and Maintenance for 7 percent. Restaurants and Hotels; Clothing and Footwear; Alcoholic beverages and Tobacco; Health; Communication and Education account for the remaining 21 percent of total weight.

Balance of Trade

-2049000000

Romania exports mostly machinery and transport equipment, raw materials, and miscellaneous manufactured articles like textiles and footwear. Romania imports machinery and transport equipment, raw materials, chemicals and fuels. More than 70% of exports and imports are with other European Union members with Italy, Germany and France being the most important.

Construction Output YoY

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

Household Consumption MoM

-0.5%

Household consumption is an important indicator for the business cycle because it accounts for 47 percent of the total Gross Domestic Product (GDP) in Sweden.

Industrial Production YoY

4.9%

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

Industrial Production MoM

0.6%

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

New Orders YoY

-4.7%

In Sweden, because new orders heavily affect business confidence they are a leading indicator for growth in gross domestic product. The statistics is sample- and register-based and aims to measure short-term changes in new orders and turnover in industry on a monthly basis, in total and by industry, as well as domestic and export market. The survey is coordinated with other economy-based surveys.

Household Consumption YoY

-1.4%

From 2013 onwards Statistics Sweden produces new monthly statistics over household consumption. The statistics are an important indicator for the business cycle because household consumption accounts for 47 percent of the total Gross Domestic Product (GDP).

Industrial Production YoY

-2.3%

In Finland, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 87 percent of total production. The biggest segments within Manufacturing are: chemicals (16 percent); electrical and electronics (13 percent); machinery and equipment (11 percent); paper and paper products (9 percent); fabricated metal products (8 percent); and food products (7 percent). Electricity, gas, steam and air conditioning supply accounts for 11 percent of total output; and Mining and quarrying account for 2 percent.

Manufacturing Production MoM

0.4%

Household Spending MoM

-2.4%

In Japan, Household Spending MoM refers to the monthly change of consumption expenditures (on food, housing, utilities, furniture, clothing, health, education, transport, communication, leisure activities, etc.) in real terms for two-or-more-person households including agricultural, forestry and fisheries households.

Household Spending YoY

1.6%

In Japan, Household Spending YoY refers to the annual change of consumption expenditures (on food, housing, utilities, furniture, clothing, health, education, transport, communication, leisure activities, etc.) in real terms for two-or-more-person households including agricultural, forestry and fisheries households.

Unemployment Rate

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.

Current Account

-520000000

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).

API Crude Oil Stock Change

Stocks of crude oil refer to the weekly change of the crude oil supply situation.

3-Year Note Auction

3.81%

ECB Schnabel 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.