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Dallas Fed Manufacturing Index

0.4

The Dallas Fed Manufacturing Index measures the performance of manufacturing sector in the state of Texas. The index is derived from a survey of around 100 business executives and tracks variables such as output, employment, orders and prices. A reading above 0 indicates an expansion of the factory activity compared to the previous month; below 0 represents a contraction; while 0 indicates no change. Texas produces around 9.5 percent of manufacturing output in US. The state ranks second behind California in factory production and first as an exporter of manufactured goods.

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Bank Lending MoM

0.3%

Loan Growth in Brazil refers to the monthly change in total credit outstanding, including public and private lending.

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.

Retail Sales YoY

4.9%

In Portugal, 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

-0.7%

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

Total Credit YoY

3.9%

Total credit expansion to domestic non-monetary financial institutions by domestic monetary financial institutions.

Business Confidence

-3.7

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).

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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.

Inflation Rate MoM

-0.08%

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

Inflation Rate YoY

4.08%

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.

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Industrial Production YoY

4.7%

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.

Economic Sentiment

93.5

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).

Industrial Sentiment

-8

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

Services Sentiment

2.2

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

Consumer Confidence Final

-19

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.

Selling Price Expectations

27.4

Mortgage Approvals

65940

Mortgage approvals for house purchase refers to the firm offers of lenders to advance credit secured on specific dwellings to their customers. It covers approvals that are fully secured on residential property by a first mortgage. It includes existing borrowers transferring their existing mortgage to another property, lending to first-time purchasers and lending for buy-to-let purposes.

Net Lending to Individuals MoM

6200000000

In the United Kingdom, Net Lending to Individuals (MoM) measures the monthly change in total sterling net lending to individuals and housing associations, excluding lending by the Student Loans Company.

M4 Money Supply MoM

0.2%

In the United Kingdom, M4 comprises notes and coin in circulation with the public, together with all sterling deposits (including certificates of deposits) held with UK banks and building societies by the rest of the private sector.

Business Confidence

2.7

In Portugal, the National Statistics Institute (INE) economic climate indicator on three terms moving averages is calculated in order to receive a timely composite indicator for the several sectors of economic activity. It is estimated using balances of questions from the Manufacturing Industry (1179 companies), Trade (1102 companies), Construction and Public Works (822 companies) and Services (1427 companies) surveys. The calculation is based on the factor analysis and the estimated series (the common component) is calibrated using the GDP change rates. The use of moving averages smooths out the series by removing the irregular movements, allowing the detection of the short-term trends.

Consumer Confidence

-27.1

In Portugal, the consumer confidence index on three terms moving averages is based on interviews with consumers about their perceptions of the country's current and future economic situation and their tendencies to purchase. It is estimated using the difference between the share of positive evaluation responses and negative evaluation responses, but do not include the share of neutral responses. The use of moving averages smooths out the series by removing the irregular movements, allowing the detection of the short-term trends.

Mortgage Lending

4370000000

In the UK, mortgage lending refers to monthly changes of total sterling net secured lending to individuals and housing associations.

BoE Consumer Credit

1859000000

Consumer credit (excluding student loans) is defined as borrowing by UK individuals to finance current expenditure on goods and/or services excluding loans issued by the Student Loans Company. Consumer credit (excluding student loans) is split into two components; credit card lending and ‘other’ lending (mainly overdrafts and other loans/advances).

Loans to Households YoY

3%

In the Euro Area, loan growth refers to year over year change in loans to households adjusted for sales and securitisation.

Loans to Companies YoY

3.4%

In the Euro Area, Loans to Private Sector refers to adjusted loans to Euro Area non-financial corporations.

M3 Money Supply YoY

2.7%

Euro Area Money Supply M3 is the sum of M2, repurchase agreements, money market fund shares/units and debt securities with a maturity of up to two years.

Economic Confidence Index

97.2

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.

Harmonised Inflation Rate YoY Prel

3.6%

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.

Core Inflation Rate YoY Prel

2.9%

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

Retail Sales YoY

0.8%

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.

Harmonised Inflation Rate MoM Prel

0.1%

Inflation Rate YoY Prel

3.2%

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%).

Inflation Rate MoM Prel

0.1%

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

Retail Sales MoM

-1.5%

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.

Balance of Trade

-7300000000

Sweden exports mostly machinery, motor vehicles, paper products, pulp and wood, iron, steel products, chemicals. The country imports machinery, petroleum and petroleum products, chemicals, motor vehicles, iron and steel; foodstuffs and clothing. European Union is by far its largest trading partner accounting for about 61% of exports and 72% of imports. Norway, Russia, The United States and China play also an important role.

Construction Orders YoY

-32.3%

In Japan, construction orders data refer to the value of new orders for construction work received during the month by 50 major constructors. Figures refer to the value of original contracts and construction for own use but not the value of subcontracted orders.

Housing Starts YoY

11.4%

In Japan, housing starts refers to the year-on-year change in volume of new housing construction started.

Consumer Confidence

-10.5

In Finland, the Statistics of Finland consumer survey expresses consumers’ views and intentions relating to economic matters. The data system of Statistics Finland’s consumer survey is comprised of respondent-specific original data from phones interviews, which may not be disclosed, and published data concerning reply distributions and time series. Generally consumer confidence is high when the unemployment rate is low and GDP growth is high. Measures of average consumer confidence can be useful indicators of how much consumers are likely to spend.

Business Confidence

3

The industrial confidence indicator measures the confidence among executives in the manufacturing sector. It is calculated from the answers to three questions: production expectations in the coming months, order backlog and finished product inventories compared to normal (in reverse).

2-Year KTB Auction

3.69%

ECB Forum on Central Banking

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

2.1%

In Japan, 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

1.3%

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