Real-time economic calendar

Aug 11, 2020

00:00

SGD

GDP Growth Rate QoQ Final

Previous -4.7%

Forecast -42.9%

Actual -42.9%

Since gaining independence in 1963, Singaporean economy has been growing rapidly and as a result the country has now one of the highest GDP per capita in the world. The economy depends heavily on foreign trade; both from port activities and from exports of electronic components and refined oil. The country is a leading foreign direct investment recipient due to its status of one of the freest, most competitive and most business-friendly economies in the world. Singapore is also an important financial center.

00:00

SGD

GDP Growth Rate YoY Final

Previous -0.7%

Forecast -13.2%

Actual -13.2%

In Singapore, services are the biggest sector of the economy and account for 72 percent of GDP. Within services the most important segments are: wholesale and retail trade (18 percent of total GDP); business services (16 percent); finance and insurance (13 percent), transport and storage (10 percent) and information and communications (5 percent). Industry contributes the remaining 28 percent total output. Manufacturing (21 percent) and construction (5 percent) are the most important industry segments.

01:30

AUD

NAB Business Confidence

Previous 0

Forecast

Actual -14

The NAB monthly survey of business confidence is based on a telephone survey of around 600 small, medium and large size non-agricultural companies. The Survey measures the expectations of business conditions for the upcoming month and is a simple average of trading, profitability and employment indices, reported by respondents for their company. The indices are calculated by taking the difference between the percentage of respondents nominating good or very good, or a rise and those nominating poor or very poor, or a fall.

02:15

CNY

Vehicle Sales YoY

Previous 11.6%

Forecast

Actual 16.4%

In China, Total Vehicle Sales refers to the number of automobiles sold in a given month.

05:00

JPY

Eco Watchers Survey Current

Previous 38.8

Forecast 46.6

Actual

The Economy Watchers Current Index measures the current mood of businesses that directly service consumers, such as barbers, taxi drivers, and waiters. The data is compiled from a survey of about 2,050 workers. A reading above 50.0 indicates optimism; below indicates pessimism.

05:00

JPY

Eco Watchers Survey Outlook

Previous 44

Forecast 48.2

Actual

06:00

GBP

Unemployment Rate

Previous 3.9%

Forecast 4.2%

Actual

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

06:00

GBP

Claimant Count Change

Previous -28.1K

Forecast 10K

Actual

Claimant count in the United Kingdom measures the change in the number of people claiming unemployment related benefits.

06:00

GBP

Average Earnings excl. Bonus

Previous 0.7%

Forecast -0.1%

Actual

In the United Kingdom, wage growth refers to changes in average weekly earnings, before tax and other deductions and including bonuses.

06:00

GBP

Average Earnings incl. Bonus

Previous -0.3%

Forecast -1.1%

Actual

In the United Kingdom, wage growth refers to changes in average weekly earnings, before tax and other deductions and including bonuses.

06:00

GBP

Employment Change

Previous -126K

Forecast -288K

Actual

In the United Kingdom, employment change refers to the 3-month moving average compared to the previous period in the number of people in employment aged 16 and over.

09:00

EUR

ZEW Current Conditions

Previous -80.9

Forecast -68.8

Actual

09:00

EUR

ZEW Economic Sentiment Index

Previous 59.6

Forecast

Actual

In the Euro Area, the ZEW Economic Sentiment Index measures the level of optimism that analysts have about the expected economic developments over the next 6 months. The survey covers up to 350 financial and economic analysts. The index is constructed as the difference between the percentage share of analysts that are optimistic and the percentage of analysts that are pessimistic about the development of the economy. Therefore, the ZEW indicator measures the confidence on a scale of -100 (all analysts expect the economy to deteriorate) up to 100 (all analysts expect it to improve). A 0 value indicates neutrality.

09:00

EUR

ZEW Economic Sentiment Index

Previous 59.3

Forecast 58

Actual

In Germany, the ZEW Economic Sentiment Index measures the level of optimism that analysts have about the expected economic developments over the next 6 months. The survey covers up to 350 financial and economic analysts. The index is constructed as the difference between the percentage share of analysts that are optimistic and the percentage of analysts that are pessimistic about the development of the economy. Therefore, the ZEW indicator measures the confidence on a scale of -100 (all analysts expect the economy to deteriorate) up to 100 (all analysts expect it to improve). A 0 value indicates neutrality.

09:30

ZAR

Unemployed Persons

Previous 7.1M

Forecast

Actual

In South Africa, unemployed persons are individuals who are without a job and actively seeking to work.

09:30

ZAR

Unemployment Rate

Previous 30.1%

Forecast

Actual

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

09:45

GBP

5-Year Treasury Gilt Auction

Previous -0.033%

Forecast

Actual

10:00

USD

NFIB Business Optimism Index

Previous 100.6

Forecast

Actual

NFIB Small Business Optimism Index is a composite of ten seasonally adjusted components calculated based on the answers of around 620 NFIB members. This questions include: plans to increase employment, plans to make capital outlays, plans to increase inventories, expect economy to improve, expect real sales higher, current inventory, current job openings, expected credit conditions, now a good time to expand, and earnings trend.

11:00

BRL

BCB Copom Meeting Minutes

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.

11:00

ZAR

Manufacturing Production YoY

Actual

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