Key Economic Indicators of Major Economies

Economic Calendar - Lesson 4

United States Economic Indicators

As the largest economy globally, the US economic calendar is very important. Its key indicators mainly influence the value of the US dollar, but they can also have considerable effects in other markets and currencies.

  • FED Interest Rate Decision
  • FOMC Minutes
  • GDP
  • CPI
  • Nonfarm Payrolls and unemployment rate
  • ISM manufacturing and Non-Manufacturing PMI figures
  • Retail Sales

Economic Indicators for Canada

Canada serves as a major exporter of commodities like oil, cars and gold to countries including the US, UK, China, Japan and Mexico.

Announcements from the Bank of Canada are usually very important and can influence the markets. The key indicators of Canada’s economic calendar are:

  • BoC Interest Rate Decision & Statement
  • Monetary Policy Report
  • Unemployment Rate
  • Net Change in Employment
  • Gross Domestic Product
  • CPI and Core CPI rates
  • Retail sales 
  • Trade data
  • Releases related to oil prices

Economic Indicators for United Kingdom

London, the UK’s capital, is the world’s second-largest financial centre following New York. The monetary policies of the Bank of England are key events closely watched by financial markets.

Here are some key indicators from the UK’s economic calendar:

  • BoE Interest Rate Decision
  • Gross Domestic Product (GDP)
  • Markit Services PMI
  • Manufacturing Production
  • Employment data
  • Retail Sales
  • Consumer Prices Index (CPI)

Eurozone Economic Indicators

The European Union’s GDP reached an estimated $16.6 trillion in 2022. Germany boasts the highest national GDP, followed by France and Italy.

The euro stands as the world’s second most traded currency after the United States dollar.

Monetary policy within the euro area is conducted by the European Central Bank (ECB), headquartered in Frankfurt, Germany, along with the national central banks of euro-area Member States. The ECB’s Governing Council outlines monetary policy for the whole euro area.

Here are some of the most important indicators on the Eurozone economic calendar:

  • Eurozone Interest Rate Decision
  • Gross Domestic Product (GDP)
  • Industrial Production
  • International Trade in Goods
  • Inflation (HICP)
  • Unemployment Rate
  • Retail Trade
  • Economic Sentiment and Business Climate Indicator

Economic Indicators for Australia

Australia’s economy ranks among the strongest globally, benefiting from abundant commodities and exports to China and other Asian countries.

Below are some of the most relevant indicators of the Australian economic calendar:

  • RBA Interest Rate Decision
  • Unemployment Rate
  • RBA Meeting Minutes
  • Consumer Price Index

Economic Indicators for Japan

From 1968 until 2010, Japan held the position of the world’s second largest economy, trailing the US. In 2016, its gross domestic product (GDP) was estimated at $4.7 trillion.

Here are some important indicators of Japan’s economic calendar:

  • BoJ Interest Rate Decision
  • Gross Domestic Product (GDP)
  • National Consumer Price Index
  • Industrial Production
  • Retail Trade
  • Producer Price Index
  • Labour Cash Earnings
  • Tankan Large All Industry Capex
  • Tankan Large Manufacturing Outlook

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All trading involves risk. It is possible to lose all your capital.