08:30 GBP Retail Sales July (YoY)
Forecast: 2.0% Previous: 2.2%
Change in the total value of sales at the retail level. It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
08:30 GBP Retail Sales July (MoM)
Forecast: -0.2% Previous: 0.3%
Change in the total value of sales at the retail level. It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
08:30 EUR Euro-Zone Consumer Price Index July (YoY)
Forecast: 2.4% Previous: 2.4%
Change in the price of goods and services purchased by consumers. 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.
08:30 EUR Euro-Zone Consumer Price Index July (MoM)
Forecast: -0.5% Previous: -0.1%
Change in the price of goods and services purchased by consumers. 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.
12:30 USD Building Permits July
Forecast: 765k Previous: 760k
Annualized number of new residential building permits issued during the previous month. It’s an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building.
12:30 USD Housing Starts July
Forecast: 757k Previous: 760k
Annualized number of new residential buildings that began construction during the previous month. It’s a leading indicator of economic health because building construction produces a wide-reaching ripple effect. For example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various construction services are purchased by the builder.
12:30 USD Initial Jobless Claims August 11
Forecast: 364k Previous: 361k
The number of individuals who filed for unemployment insurance for the first time during the past week. 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.
14:00 USD Philadelphia Fed Manufacturing Index August
Forecast: -4.3 Previous: -12.9
Level of a diffusion index based on surveyed manufacturers in Philadelphia. It’s a leading indicator of economic health – businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.
