Monday, September 23, 2013

Weekly Economic Data for the week 21-Sep-13 to 27-Sep-13

Exp.:Expected or Anticipated value calculated from the recent survey conducted.
Prior:Represents the last actual for each indicator. In case there is a revision to the last actual, the prior column reflects the prior figure as revised.
Exp. change today:Exp. - Prior
Avg. change of last 1 year:Average Change in Actual data calculated for last 1 year.
Expected impact on price:This indicator shows the effect of the anticipation of data on the prices of related country’s major indices. We have categorized it as below:
Very GoodGoodNeutralBadVery Bad
Actual:Refers to the actual/latest figures after its release.
Data for the week 21-Sep-13 to 27-Sep-13
DateTime (IST)CountryDataExp.PriorExp. chg todayAvg. chg of last 1 yearExp. Impact on Price
23-Sep-201301-28 PMEuropean Monetary UnionMarkit Manufacturing PMI51.751.40.300.80Neutral
23-Sep-201306-30 PMEuropean Monetary UnionECB President Draghi's Speech     
 
24-Sep-201307-30 PMUnited StatesConsumer Confidence8081.5-1.504.00Neutral
 
25-Sep-201306-00 PMUnited StatesDurable Goods Orders-.20%-7.3%7.10%6.72Neutral
25-Sep-201307-30 PMUnited StatesNew Home Sales (MoM)420k394k26.00k0.01Good
25-Sep-201308-00 PMUnited StatesEIA Crude Oil Stocks change -4.368M 3.45 
 
26-Sep-201306-00 PMUnited StatesGross Domestic Product Annualized2.60%2.50%0.10%1.11Neutral
26-Sep-201308-00 PMUnited StatesEIA Natural Gas Storage change 46B 33.60 
 
27-Sep-201302-30 PMEuropean Monetary UnionECB President Draghi's Speech     
27-Sep-201307-25 PMUnited StatesReuters/Michigan Consumer Sentiment Index78.276.81.402.48Neutral

Monday, September 16, 2013

Data for the week 14-Sep-13 to 20-Sep-13

Exp.: Expected or Anticipated value calculated from the recent survey conducted.
Prior: Represents the last actual for each indicator. In case there is a revision to the last actual, the prior column reflects the prior figure as revised.
Exp. change today: Exp. - Prior
Avg. change of last 1 year: Average Change in Actual data calculated for last 1 year.
Expected impact on price: This indicator shows the effect of the anticipation of data on the prices of related country’s major indices. We have categorized it as below:
Very Good Good Neutral Bad Very Bad
Actual: Refers to the actual/latest figures after its release.
Data for the week 14-Sep-13 to 20-Sep-13
Date Time (IST) Country Data Exp. Prior Exp. chg today Avg. chg of last 1 year Exp. Impact on Price
14-Sep-2013 12-30 PM European Monetary Union EU Finance Ministers Meet in Vilnius, Lithuania          
 
16-Sep-2013 12-00 PM India WPI Inflation 5.70% 5.79% -0.09% 0.38 Neutral
16-Sep-2013 01-30 PM European Monetary Union Mario Draghi Speaks in Berlin          
16-Sep-2013 02-30 PM European Monetary Union Consumer Price Index - Core (YoY) 1.3% 1.3% 0.00% 0.05 Neutral
16-Sep-2013 06-45 PM United States Industrial Production (MoM) 0.4% 0.0% 0.40% 0.97 Neutral
 
17-19-Sep-2013 - United States Federal Reserve FOMC Meeting          
17-Sep-2013 02-00 PM United Kingdom Core Consumer Price Index (YoY) 2.7% 2.8% -0.10% 0.20 Neutral
17-Sep-2013 02-00 PM United Kingdom Consumer Price Index (MoM) 0.5% 0.0% 0.50% 0.45 Good
17-Sep-2013 02-30 PM Germany ZEW Survey - Economic Sentiment 45 42 3.00 12.25 Neutral
17-Sep-2013 06-00 PM United States Consumer Price Index (MoM) 0.2% 0.2% 0.00% 0.26 Neutral
 
18-Sep-2013 02-00 PM United Kingdom Bank of England Minutes          
18-Sep-2013 08-00 PM United States EIA Crude Oil Stocks change   -0.219M   3.45  
18-Sep-2013 11-30 PM United States Fed Interest Rate Decision 0.25% 0.25% 0.00% 0.00 Neutral
18-Sep-2013 11-30 PM United States FOMC Economic Projections          
 
19-Sep-2013 12-00 AM United States Fed's Monetary Policy Statement and press conference          
19-Sep-2013 07-30 PM United States Existing Home Sales (MoM) 5.25M 5.39M -0.14 0.16 Bad
19-Sep-2013 08-00 PM United States EIA Natural Gas Storage change   65B   33.60  
 
20-Sep-2013 11-00 AM India RBI Cash Reserve Ratio   4.0%   0.07  
20-Sep-2013 11-00 AM India RBI Repurchase Rate   7.25%   0.09  
20-Sep-2013 11-00 AM India RBI Reverse Repo Rate   6.25%   0.09  


Tuesday, September 10, 2013

India's gold imports crashed 95% in August to just 2.5 tonne from month before, easing pressure on policymakers as they struggle to contain the depreciation of the rupee while addressing an elevated current account deficit (CAD).

India's gold imports crashed 95% in August to just 2.5 tonne from month before, easing pressure on policymakers as they struggle to contain the depreciation of the rupee while addressing an elevated current account deficit (CAD).
India's gold imports crashed 95% in August to just 2.5 tonne from month before, easing pressure on policymakers as they struggle to contain the depreciation of the rupee while addressing an elevated current account deficit (CAD).
Bullion industry executives said gold purchases from abroad tumbled last month as lack of clarity on recent central bank guidelines on imports, coupled with an absence of festivals, curbed demand from jewellers in the world’s top consumer.
The imports last month slumped from 47.5 tonne in July, 31.5 tonne in June, 162 tonne in May and 142.50 tonne in April, according to official data.
The government aims to reduce the CAD from $88 billion, or 4.8% of the gross domestic product (GDP), last fiscal to $70 billion, or 3.7% of the GDP, in 2013-14, and is desperately attempting to curb non-essential imports, including those of gold, to achieve the target.
Compounding the government’s worry, the rupee has depreciated by more than 20% so far this fiscal.
Gold imports stopped after July 22 due to confusion over a rule issued by the Reserve Bank of India, which required importers to re-export at least 20% of all the purchases from overseas, and jewellers started using stocks that had piled up in April and May following record imports of 304.5 tonne.
Although the RBI rule was aimed at curbing the flow of gold into the country and not to stop it, the importing agencies took time to get a grasp on the many operational procedures involved, including the undertaking that needs to be submitted to the customs department once the goods are delivered to an exporter for the next lot of imports.
On August 14, the central bank clarified on the operational part of its gold import norms issued in July following which traders started firming up deals.
Last week, the customs authority also explained the changes in sync with the RBI notification.
Imports may again rise to around 30 tonne in September, as jewellers usually start building inventory to cater to the requirement during the festival and marriage season from October, said a senior executive with the Bombay Bullion association.
Although imports may rise, the pace of growth will remain subdued compared with a year earlier due to the government crackdown on overseas purchases, said Sanjeev Agrawal, chief executive, Gitanjali Export Corporation.

Weekly Economic Data for the week 07-Sep-13 to 13-Sep-13

Exp.:Expected or Anticipated value calculated from the recent survey conducted.
Prior:Represents the last actual for each indicator. In case there is a revision to the last actual, the prior column reflects the prior figure as revised.
Exp. change today:Exp. - Prior
Avg. change of last 1 year:Average Change in Actual data calculated for last 1 year.
Expected impact on price:This indicator shows the effect of the anticipation of data on the prices of related country’s major indices. We have categorized it as below:
Very GoodGoodNeutralBadVery Bad
Actual:Refers to the actual/latest figures after its release.
Data for the week 07-Sep-13 to 13-Sep-13
DateTime (IST)CountryDataExp.PriorExp. chg todayAvg. chg of last 1 yearExp. Impact on Price
08-Sep-201307-30 AMChinaTrade Balance20.000B17.818B2.1813.34Neutral
08-Sep-201307-30 AMChinaExports (YoY)6.0%5.1%0.90%5.65Neutral
08-Sep-201307-30 AMChinaImports (YoY)11.3%10.9%0.40%6.92Neutral
 
09-Sep-201307-00 AMChinaConsumer Price Index (YoY)2.6%2.7%-0.10%0.43Neutral
09-Sep-201307-00 AMChinaProducer Price Index (YoY)-1.7%-2.3%0.60%0.61Good
09-Sep-201307-00 AMChinaM2 Money Supply (YoY)14.6%14.5%0.10%0.59Neutral
 
10-16-Sep-2013-IndiaImports YoY -6.20%  
10-16-Sep-2013-IndiaExports YoY 11.6%  
10-Sep-201311-00 AMChinaIndustrial Production (YoY)9.9%9.7%0.20%0.67Neutral
10-Sep-201311-00 AMChinaRetail Sales (YoY)13.3%13.2%0.10%0.78Neutral
 
11-Sep-201308-00 PMUnited StatesEIA Crude Oil Stocks change -1.836M 3.45 
 
09-Sep-2013-European Monetary UnionDraghi Speaks in latvia     
12-Sep-201305-30 PMIndiaManufacturing Output-1.0%-2.20%1.20%5.33Neutral
12-Sep-201308-00 PMUnited StatesEIA Natural Gas Storage change 58B 33.60 
 
13-14-Sep-2013-European Monetary UnionEuro-Area Finance Ministers Meet in Vilnius. Lithuania     
13-Sep-201306-00 PMUnited StatesProducer Price Index (MoM)0.2%0.0%0.20%0.65Neutral
13-Sep-201306-00 PMUnited StatesRetail Sales (MoM)0.4%0.2%0.20%0.63Neutral
13-Sep-201307-25 PMUnited StatesReuters/Michigan Consumer Sentiment Index8282.1-0.103.26Neutral