Real-time economic calendar

Oct 19, 2020

00:30

AUD

RBA Meeting Minutes

Actual

In Australia, interest rates decisions are taken by the Reserve Bank of Australia's Board. The official interest rate is the cash rate. The cash rate is the rate charged on overnight loans between financial intermediaries, is determined in the money market as a result of the interaction of demand for and supply of overnight funds.

02:00

CNY

Industrial Production YoY

Previous 5.6%

Forecast 5.8%

Actual 6.9%

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

02:00

CNY

Fixed Asset Investment (YTD) YoY

Previous -0.3%

Forecast 0.8%

Actual 0.8%

In China, urban investment in fixed assets is one of the main measures of capital spending. It refers to investment in construction projects with a total planned investment of 5 million yuan; machinery and equipment and real estate development in both urban and rural areas. It refers to investment made by state-owned enterprises and private businesses, institutions or individuals.

02:00

CNY

GDP Growth Rate YoY

Previous 3.2%

Forecast 5.2%

Actual 4.9%

In China, Gross Domestic Product is divided by three sectors: Primary, Secondary and Tertiary. The Primary Industry includes Farming, Forestry, Animal Husbandry, and Fishery and accounts for around 9 percent of GDP. The Secondary sector, which includes Industry (40 percent of GDP) and Construction (9 percent of GDP) is the most important. The Tertiary sector accounts for the remaining 44 percent of total output and consist of Wholesale and Retail Trades; Transport, Storage, and Post; Financial Intermediation; Real Estate; Hotel and Catering Services and Others.

02:00

CNY

Retail Sales YoY

Previous 0.5%

Forecast 1.8%

Actual 3.3%

In China, 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.

02:00

CNY

Industrial Capacity Utilization

Previous 74.4%

Forecast

Actual 76.7%

In China, Capacity Utilization is the difference between the potential and actual use of an input. Capacity utilization is high when actual output is close to potential output because the most use is being made of labor and capital. The survey includes about 90,000 industrial enterprises.

02:00

CNY

NBS Press Conference

Actual

02:00

CNY

GDP Growth Rate QoQ

Previous 11.7%

Forecast 3.2%

Actual 2.7%

In China, the growth rate in GDP measures the change in the seasonally adjusted value of the goods and services produced by the Chinese economy during the quarter. As China’s traditional growth engines of manufacturing and construction are slowing down, services have emerged as the new driver. In the last few quarters strength in services and consumption helped to offset weaker manufacturing and exports. .

02:00

CNY

Unemployment Rate

Previous 5.6%

Forecast

Actual 5.4%

07:15

EUR

ECB Guindos Speech

Actual

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. .

09:00

EUR

Construction Output YoY

Previous -3.4%

Forecast

Actual -0.9%

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

11:30

EUR

ECB Mersch Speech

Actual

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. .

11:30

BRL

BCB Focus Market Readout

Actual

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.

12:00

USD

Fed Chair Powell Speech

Actual

In the United States, the authority to set interest rates is divided between the Board of Governors of the Federal Reserve (Board) and the Federal Open Market Committee (FOMC). The Board decides on changes in discount rates after recommendations submitted by one or more of the regional Federal Reserve Banks. The FOMC decides on open market operations, including the desired levels of central bank money or the desired federal funds market rate.

12:30

CAD

Wholesale Sales MoM

Previous 5.2%

Forecast 0.3%

Actual 0.3%

The Monthly Wholesale Trade Survey presents estimates of monthly sales for wholesale merchants in Canada, providing information on the performance of the wholesale trade sector as an important indicator of the health of the Canadian economy. In addition, the business community uses the data to analyse market performance.