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Economic Weekly Calendar: 14th August '17- 18 August'17

Tuesday, 15 August, 6:30am (Local time)

Reserve Bank of Australia (RBA) (AUD)

Impact Level: High

It's a detailed record of the RBA Reserve Bank Board's most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.

Tuesday, 15 August, 1:30pm (Local time)

Consumer Price Index (CPI) (GBP)

Impact Level: High

Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

Tuesday, 15 August, 5:30pm (Local time)

Purchasing Managers' Index (PMI) (USD)

Impact Level: High

Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends.

Tuesday, 15 August, 5:30pm (Local time)

Advance Retail Sales (USD)

Impact Level: High

It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.

 

Wednesday, 16 August, 1:30pm (Local time)

Average Earnings Including Bonuses (GBP)

Impact Level: High

It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer.

 

Wednesday, 16 August, 5:30pm (Local time)

Residential Building Permits (USD)

Impact Level: High

It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building.

 

Wednesday, 16 August, 07.30pm (Local time)

Energy Information Administration (EIA) (USD)

Impact Level: High

It influences the price of petroleum products which affects inflation, but also impacts growth as many industries rely on oil to produce goods.

Wednesday, 16 August, 11.00pm (Local time)

Federal Open Market Committee (FOMC) (USD)

Impact Level: High

It's a detailed record of the FOMC's most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates.

 

Thursday, 17 August, 06:30am (Local time)

Employment Change (AUD)

Impact Level: High

Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.

Thursday, 17 August, 06:30am (Local time)

Jobless Rate (AUD)

Impact Level: High

Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.

Thursday, 17 August, 01:30pm (Local time)

Sales Volume, All Retailers sales (GBP)

Impact Level: High

It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.

Thursday, 17 August, 05:30pm (Local time)

Jobless Claims, Initial Claims (USD)

Impact Level: High

Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.

Friday, 17 August, 05:30am (Local time)

Consumer Price Index (CPI) (CAD)

Impact Level: High

Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate