Usual effect: The previous rate was 3.6%, and we expect this rate to increase to 3.7%. An amount lower than expected will positively affect the currency. ▶️This index is issued monthly. ▶️Although unemployment claims are generally considered a lagging indicator, the number of unemployed people is a significant signal of the economy's general health because consumer spending is closely related to labor market conditions.
Usual effect: The previous rate was 6.7K, and we expect this rate to increase to 22.8 K. An amount higher than expected will positively affect the currency. ▶️This index is issued monthly. ▶️Changes in employment are one of the essential indicators of consumer spending, which accounts for a large part of economic activities.
Usual effect: The previous rate was 0.7%, and we expect this rate to decrease to -0.3%. An amount higher than expected will positively affect the currency. ▶️This index is issued monthly. ▶️This index is consumer spending's primary measure, which accounts for most economic activities.
Usual effect: The previous rate was 0.5%, and we expect this rate to decrease to 0.1%. An amount higher than expected will positively affect the currency. ▶️This index is issued monthly. ▶️This statistic is a leading indicator for consumer inflation. The higher costs are usually passed on to the consumer when businesses pay more for goods and services.
Usual effect: The previous rate was -4.6, and we expect this rate to increase to -2.7. An amount higher than expected will positively affect the currency. ▶️This index is issued monthly. ▶️The Empire State Manufacturing Index is 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.
Usual effect: The previous rate was 0.6%, and we expect this rate to decrease to -0.2%. An amount higher than expected will positively affect the currency. ▶️This index is issued monthly. ▶️Auto sales make up about 20% of retail sales but tend to be highly volatile. Therefore, it is thought that the core data is a better measure to analyze the consumer spending trend by removing the car market's fluctuations.
Usual effect: The previous rate was 0.3%, and we expect this rate to remain constant at 0.3%. An amount higher than expected will positively affect the currency. ▶️This index is issued monthly. ▶️Food and energy prices account for about 40% of the overall PPI, which cuts the underlying data's importance.
Usual effect: The previous rate was 6.7%, and we expect this rate to decrease to 4.7%. An amount higher than expected will positively affect the currency. ▶️This index is issued monthly. ▶️Consumer prices make up the majority of overall inflation. Inflation is essential for currency valuation because ascending prices cause the central bank to raise interest rates to curb inflation.
Usual effect: The previous rate was 5.5%, and we expect this rate to increase to 7.1%. An amount higher than expected will positively affect the currency. ▶️Annual retail sales are the primary measure of consumer spending, which accounts for most of all economic activity.
Usual effect: The previous rate was 4.5%, and we expect this rate to remain constant at 4.5%. An amount higher than expected will positively affect the CNY. ▶️This index is issued monthly. ▶️Industrial production is a leading indicator of economic health - production responds quickly to the business cycle's ups and downs and is related to consumer conditions such as employment and income levels.