Surprising Increase In CPI In The European Union. Significant Decline In Employment In The US Private Sector
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The CPI index is especially important for the consumer, especially when we are dealing with high inflation. Also, the possession of barrels of oil by companies is important for the consumer because they affect the overall price of the raw material.
The Core CPI in Eurozone Hitting 4,3% And CPI Hitting 9,1%
For a year in the European Union, this indicator has maintained an upward trend, and the last one reached the highest level of 4,3% and is 0.6% higher than the previous one. Published at 11:00 CET.
The Core Consumer Price Index (CPI) measures the change in the price of goods and services purchased by consumers, excluding food, energy, alcohol, and tobacco. The data has a relatively mild impact because overall CPI is the European Central Bank's mandated inflation target.
Source: investing.com
Downward Of French CPI Idex And Consumer Spending
In France, the most important developments are data on price changes and consumer spending. The CPI index fell to 0.3%. Compared to the previous month, this is a significant decrease of 0.4%. Consumer spending also decreased to 0.2%. Consumer spending accounts for the majority of economic activity. Published at 8:45 CET.
Source: investing.com
Source: investing.com
The change in unemployment in Germany
Compared to the previous period, the number of unemployed fell to 45K, but it is still higher than expected. The German unemployment rate, which measures the proportion of the total workforce that is unemployed and actively seeking work during the survey month, also increased to 5.4%. Published at 9:55 CET.
The indicator measures the change in the number of unemployed in the previous month.
Source: investing.com
Source: investing.com
China- view of activity in the manufacturing sector
The indicator in July reached the highest level of 51.7, but already in August it fell slightly to the level of 50.4. Published at 3:30 CET.
The Chinese HSBC Manufacturing PMI is a composite indicator designed to provide an overall view of activity in the manufacturing sector and acts as an leading indicator for the whole economy. The Chinese HSBC Manufacturing PMI is concluded from a monthly survey of about 430 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.
Source: investing.com
Crude Oil Information
The latest reading indicates that companies will either increase their oil barrel holdings or reduce their oil deficit to -3,282M. It can be said if a decline in inventories is more than expected (expected -0,275M), the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. Will be published at 16:30 CET.
The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation.
Source: investing.com
Monthly Change in Private Employment in USA
There has been a decline since January this year. The biggest drop took place in May and reached the level of 202K. The current reading is even lower than the previous reading (expected 300K) and the achieved level of 128K. Will be published at 14:15 CET.
In USA the ADP National Employment Report is a measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients.
Source: investing.com
In addition, the Federal Open Market Committee (FOMC) Member Mester will speak in the USA at 14:00 CET.
Canada’s GPD (MoM)
After the surge, the trend from 0.2% in March to 0.9% in April, The GPD in Canada continued its downward trend. In August it reached the level of 0%, which is a higher level than the forecast -0.2%. Will be published at 14:30 CET.
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health. Canada releases fresh GDP data on a monthly basis
Source: investing.com
Sources: https://www.investing.com/economic-calendar/
