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Balance of Trade

8411000000

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.

Industrial Production MoM

0.6%

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

Industrial Production YoY

3.7%

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

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.

Manufacturing Production MoM

In South Africa, industrial production measures the output of businesses integrated in the manufacturing sector of the economy.

Manufacturing Production YoY

5.5%

In South Africa, industrial production measures the output of businesses integrated in the manufacturing sector of the economy.

Industrial Production MoM

-3%

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

-7.6%

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

-663100000

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.

New Yuan Loans

345900000000

In China, new yuan loans refer to financial institutions Renminbi credit funds balance sheet. They represent more than four-fifths of all loans.

Outstanding Loan Growth YoY

11.1%

In China, outstanding loan growth refers to year over year change in total amount of loans in domestic currency provided by the financial institutions. It includes off-balance sheet forms of financing that exist outside the conventional bank lending system, such as initial public offerings, loans from trust companies and bond sales.

Total Social Financing

528200000000

In China, loans to private sector refer to total social financing, that is, the volume of financing provided by the financial system to the real economy (domestic non-financial enterprises and households) during a certain period of time. Total social financing is a broad measure of credit and liquidity in the economy as it includes off-balance sheet forms of financing such as initial public offerings, loans from trust companies and bond sales.

M2 Money Supply YoY

10.7%

China Money Supply M2 includes M1 plus short-term time deposits in banks.

CPI

148.8

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

Industrial Production MoM

0.5%

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

-0.8%

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.

BoE Pill 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).

Inflation Rate YoY

8.8%

In Czech Republic, the most important category in the consumer price index is Housing and Utilities (27 percent of total weight). Food and Non-Alcoholic Beverages accounts for 18 percent; Transport for 10 percent; Alcoholic Beverages and Tobacco for 9 percent; Recreation and Culture for 8 percent and Miscellaneous Goods and Services for 6 percent. Furniture, Household Goods and Maintenance; Restaurants and Hotels; Clothing and Footwear; Communication; Health and Education account for the remaining 27 percent of total weight.

Inflation Rate MoM

0.5%

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

Unemployment Rate

9.6%

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

Industrial Production MoM

1.6%

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).

Industrial Production YoY

0.6%

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).

Labor Participation Rate

52.9%

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.

Current Account

674000000

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

1.8%

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

Inflation Rate YoY

3.1%

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.

Harmonised Inflation Rate YoY

3.2%

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

118.5

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

Inflation Rate MoM

0.4%

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

Inflation Rate YoY

5.4%

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%).

PPI YoY

-35.4%

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.

Core Inflation Rate MoM

0.9%

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.

Core Inflation Rate YoY

6.4%

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

130.9

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

-2268000000

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.

Balance of Trade

12284000000

The Netherlands is an export-oriented economy and derives more than two-thirds of its GDP from the merchandise trade. Main exports are: machinery and transport equipment (28 percent of total exports), mineral fuels (23 percent), food (11 percent), clothing and footwear (10 percent) and pharmaceuticals (5 percent). Netherlands main imports are: fuel (29 percent of total imports), machinery (26 percent) and food and live animals (8.6 percent). Main trading partners are Germany (24 percent of total exports and 17 percent of imports) and Belgium (12 percent of exports and 10 percent imports). Others include: China, France, United Kingdom and United States.

Passenger Vehicles Sales YoY

2.9%

Construction PMI

The Ulster Bank Construction Purchasing Managers’ Index® is a seasonally adjusted index designed to track changes in total construction activity in Ireland. Data are collected at mid-month, asking respondents to compare a variety of business conditions with the situation one month ago. A reading of below 50.0 indicates that the economy is generally declining, above 50.0 that it is generally expanding and exactly 50.0 indicates no change on the level recorded the previous month.