Euro economic indicators

Since there are many constituent countries in the euro’s economic indicators, it is difficult to grasp all the economic indicators, but it can be limited to some extent by paying attention only to the ones with high importance. The euro is a major currency with moderate price movements. It’s not as big as a pound, but it makes a decent move. I have compiled a list of economic indicators for the euro. Those who trade in the euro need to remember.

European Central Bank (ECB) President, Remarks (Importance: High)

This is a statement by the President of the European Central Bank. The market moves considerably as it becomes a statement on interest rate policy. It is a very important index.

Consumer confidence (importance: medium)

The European Commission’s Consumer Confidence is a survey and index of consumer sentiment towards consumer sentiment, employment status, income, etc. in the euro area.

Service Department Purchasing Managers Index (Importance: Medium)

It is an economic index compiled by the private research company Markit, and is also called “PMI”. It is calculated by conducting questionnaire surveys and interviews with purchasing personnel in the manufacturing and service industries, and multiplying indexes such as new orders, production volume, backlog, prices, employment, and purchasing quantity by a certain weight.

Manufacturing Purchasing Managers Index (Importance: Medium)

Announced by Markit, a private company. It is a leading indicator of economic change and is indexed based on a questionnaire survey of purchasing staff in the manufacturing industry.

Gross Domestic Product (GDP) (Importance: High)

The Eurozone Gross Domestic Product (GDP) announced by the European Union Statistics Bureau is the total amount of goods and services produced domestically, and is a measure of the scale of the economy. The market may move well with this index.

Consumer Price Index (Importance: High)

The Harmonized Index of Consumer Prices is a compilation of consumer price indexes from Euro member countries by the European Union Bureau of Statistics.

Construction spending (importance: low)

The Eurostat announces the total amount of construction plans started each month, which is the expenditure used to build the building.

ZEW Business Confidence Survey (Importance: Low)

This is a leading economic index released by the private research company ZEW, which surveys the economic outlook for the next six months. Higher numbers tend to buy the euro.

Industrial production (importance: low)

Eurozone mining and industrial production, announced by the European Union Statistical Office, is an index of production trends in the mining and industrial sector. You can grasp the economic situation from this number.

Unemployment rate (importance: high)

The unemployment rate of euro member states announced by the European Union Statistics Bureau. You can see the trend of the economy. Please note that the market price may move significantly with this index.

Wholesale Price Index (Importance: Medium)

The Wholesale Price Index (PPI) released by the Eurostat Bureau of Statistics is an index that measures price fluctuations of commodities traded between companies at the wholesale stage. It is said to be a measure of currency purchasing power in commodity transactions between companies.

Retail sales (importance: medium)

This is an economic indicator related to the economy based on a sample survey of monthly sales in the retail and service industries such as department stores and supermarkets. A high number on this indicator means good economic conditions.

European Central Bank (ECB) interest rate policy (importance: high)

This is the most important index to watch out for. The European Central Bank’s ECB board of directors consists of six members and the governor of the central bank of the euro-introducing country. Held every two weeks, the policy rate is set at the first board meeting of the month.

Money supply (importance: low)

This is the measurement data of the money supply (currency supply) released by the European Central Bank (ECB). Calculated figures for trading currencies, bank deposits, cash futures trading, debt securities with a term of 2 years or less, and money market equity.