Average hourly earnings
Average hourly wages.
Expressed as an absolute value and as an index in relation to the previous consideration period. Indicator of potential inflation, associated with rising labor costs. Has a significant impact on the market. In conditions of expectation of an increase in key interest rates, an increase in its value may lead to an increase in the dollar exchange rate. Published, usually, on the first Friday of every month at 08:30 EAST (New York) along with the index “Nonfarm payrolls”.
Average workweek
Average work week.
The indicator shows the average length of the working week during the month. Published, usually, on the first Friday of every month at 08:30 EAST (New York) along with the index “Nonfarm payrolls”. Practically does not affect the market. Used for long-term analysis of the state of employment in a country. He is “good” an indicator of the state of the labor market at different stages of the economic cycle. It is considered one of the defining indicators for indicators such as “Industrial production” (industrial production) And “Personal income” (personal income), whose values are published later.
Beige book
US Federal Reserve Economic Survey “Badge beech”.
Produced by twelve US Federal Reserve Banks. The overview covers the field of industrial production, Services, Agriculture, financial institutions, labour market, real estate market. Has limited market impact. When there are rumors in the market about a possible change in interest rates, then pay attention to that part of the review, where it comes to the state of wages and prices. The review is useful in terms of confirming an already established trend in the economy.. Its value is published 8 once a year, on Wednesdays, two weeks before the next meeting of the Open Market Committee (FOMC) The US Federal Reserve 14:00 EAST (New York).
Building permits
Building Permits.
The indicator shows the number of permits for the construction of new houses. The indicator is very sensitive to changes in major interest rates, since it is necessary to take bank loans for construction. This data, due to the peculiarities of the real estate market, subject to seasonal fluctuations. The construction process is directly related to the state of income of the population. That's why, an increase in construction volumes characterizes an improvement in its well-being and a healthy development of the economy. Has limited market impact. An increase in its value has a positive effect on the exchange rate of the national currency.. Its value is published on the third week of each month in 08:30 EAST (New York) along with the index “Housing starts”.
Business inventories
Stocks of manufactured goods, components and semi-finished products in warehouses.
There is the following pattern: an increase in stocks over several months may indicate the presence of stagnation in the economy. The impact of this indicator on the market is limited.. However, a stable trend in its dynamics has a great influence on the market.. The growth of the index value has a negative impact on the dollar rate. Its value is published in the middle of each month in 08:30 EAST (New York).
Capacity utilization
Usage capacity.
Determines the degree of use of the productive potential of the country's economy. Level 85% speaks of a good balance between economic growth and inflation. Exceeding this level causes inflationary processes in the country's economy. Has limited market impact. An increase in this indicator leads to an increase in the exchange rate of the national currency.. Its value is published in the middle of each month in 09:15 EAST (New York) simultaneously with the indicator “Industrial production” (industrial production).
Chicago PMI index
Chicago Managers Association PMI.
It presents the results of a survey of purchasing managers in the industrial sector from Chicago.. This index affects the status of production orders, prices for manufactured products and stocks in warehouses. The numbers below “45-50” are an indicator of a slowdown in economic development. He is being watched closely, as it is published shortly before the release of the National Association of Managers' PMI (NAPM). This index has a significant impact on the market, as it can give an idea of how, what will be the indicator of business activity at the national level (NAPM). An increase in the index value leads to an increase in the dollar exchange rate. Its value is published on the last business day of each month in 10:00 EAST (New York).
Construction spending
Construction costs.
The indicator is expressed as an index in relation to the previous consideration period and as an absolute value of the amount of costs. The indicator is very sensitive to changes in major interest rates, since it is necessary to take bank loans for construction. This data, due to the peculiarities of the real estate market, subject to seasonal fluctuations. The construction process is directly related to the state of income of the population. That's why, an increase in construction volumes characterizes an improvement in its well-being and a healthy development of the economy. Has limited market impact. An increase in its value has a positive effect on the exchange rate of the national currency.. Its value is published, usually, on the first business day of each month at 10:00 EAST (New York).
Consumer confidence
Consumer Confidence Index.
This survey is an attempt to measure consumer optimism.. The index is calculated from 1967 of the year. At first it was equal to “100”. Has limited market impact, as it may not reflect the real state of the economy. However, it is traditionally used to predict employment trends and the overall health of the economy.. An increase in the index value is a positive factor for the development of the national economy and leads to an increase in the dollar exchange rate.. Its value is published after the 20th of each month in 10:00 EAST (New York).
Consumer credit
Consumer loan.
Reflects the extent to which Americans use the credit card system, personal borrowing and installment purchases. Indicator of consumer demand. The large value of this indicator indicates that, that consumers are not afraid “go into debt” to meet their material needs. However, the numbers are revised frequently and are subject to significant seasonal fluctuations.. For example, the amount of consumer credit is growing on the eve of Christmas and New Year. Has limited market impact. An increase in the index value is a positive factor for the development of the national economy and leads to an increase in the dollar exchange rate.. Its value is published around the 7th of every month in 15:00 EAST (New York).
Consumer price index (CPI)
Consumer price index.
Determines the change in the level of retail prices for “shopping cart” goods and services. The consumer price index is considered more reliable, if it does not take into account the food and energy industries. When calculating the index, prices for imported goods and services are taken into account. The consumer price index is the main indicator of the inflation rate in the country.. This index is analyzed together with the indicator “PPI” (Industrial price index). If the economy develops under normal conditions, then an increase in CPI and PPI may lead to an increase in the main interest rates in the country. This, in its turn, leads to an increase in the dollar, as the attractiveness of investing in currency with a higher interest rate increases. Its value is published in the middle of each month. (shortly after the release of PPI) in 08:30 EAST (New York).
Current account (Balance of payments)
Payment balance.
Represents the ratio between the amount of payments, coming from abroad, and the amount of payments, going abroad. If payments received by the country exceed payments to other countries and international organizations, balance of payments is active (surplus), if vice versa – then passive (negative balance). Positive balance (or a decrease in the value of the negative balance) is a favorable factor for the growth of the national currency. Has limited market impact. Its value is published every quarter, in the middle of the month of publication in 10:00 EAST (New York).
Durable goods orders
Durable Goods Orders.
Durable goods include goods with a service life of more than three years.. These include: Cars, furniture, etc.. For that, to highlight variability, inherent in military and transport orders, indicators are extracted from this indicator, which do not include orders for the defense industry (Durable goods orders excluding defence) and transport orders (Durable goods orders excluding transportation). This indicator is important for the market, as it gives an idea of the confidence of consumers of these products in the current economic situation. Since durable goods are quite expensive, then the increase in the number of orders for them shows the willingness of consumers to spend their funds on them. In this way, the growth of this indicator is a positive factor for the development of the economy and leads to an increase in the exchange rate of the national currency. Its value is published on the fourth week of each month in 08:30 EAST (New York).
Employment cost index
Labor cost index.
It includes wages and unemployment benefits. It can serve as an indicator of the presence of inflationary processes in the country's economy.. The labor cost index is one of those indicators, which are closely watched Federal Reserve System in conducting its monetary policy (and that says a lot). In conditions of expectation of an increase in key interest rates, an increase in its value leads to an increase in the dollar exchange rate. Used for medium- and long-term forecasts. Its value is published every quarter, after the 20th of the month of publication in 08:30 EAST (New York).
Existing home sales
Number of houses sold, previously built.
Shows the number of homes sold in the secondary real estate market for the year. Can provide insight into consumer optimism (customer confidence) and their ability to buy expensive items. This data, due to the peculiarities of the real estate market, subject to seasonal fluctuations. The construction process is directly related to the state of income of the population. That's why, an increase in construction volumes characterizes an improvement in its well-being and a healthy development of the economy. Has limited market impact. An increase in its value has a positive effect on the exchange rate of the national currency.. Its value is published every month after the 20th in 10:00 EAST (New York).
Export prices
Export prices.
The index reflects the change in export prices for the month. Indicator of inflation. Has limited market impact. In conditions of expectation of an increase in key interest rates, an increase in the index value leads to an increase in the dollar exchange rate. Its value is published every month around the 10th in 08:30 EAST (New York) along with the index “Import prices”.
Factory orders
Production orders.
Production orders include orders for durable goods (more 50% all orders) and short-term use. Non-durable goods include food, clothing, light industry goods and goods, designed for use with durable goods. Durable goods include goods with a service life of more than three years.. These include: Cars, furniture, etc.. Indicator “Production orders” has limited market impact. Pay special attention to trends in its development. An increase in the index value is a positive factor for the development of the national economy and leads to an increase in the dollar exchange rate.. Its value is published in the first days of each month in 10:00 EAST (New York).
Federal budget
The state budget.
Characterizes the relationship between government revenues and expenditures. When the level of government revenues exceeds its expenditures, a positive balance is formed. When the level of government expenditures exceeds its revenues, a negative balance is formed (deficit). This indicator has little impact on the market.. It is usually used for long-term analysis of the economy.. The budget deficit is viewed in context with other indicators: industrial price index (PPI), Consumer Price Index (CPI), monetary aggregates (M1, M2, M3) etc. Its value is published around the 20th of every month in 14:00 EAST (New York).
Foreign capital inflow (TIC)
Net inflow of foreign capital.
The indicator has become very important recently., as it shows financing of the trade deficit. If the inflow exceeds the deficit, this is considered a positive moment for the economy, whereas the reverse situation shows, that the United States is unable to cover its overconsumption. Capital inflows are broken down by private equity inflows (investment funds, hedge funds, etc.) and official investors (Central banks). Besides, breakdown by instrument is given: investments in shares, government bonds, corporate and agency bonds (Freddie Mae, Freddie Mac и др.). Capital inflow indicator comes out in the middle of the month, after trade balance. Exit time 14:00 in GMT.
GDP – Gross domestic product
Gross Domestic Product (GDP).
Is the main indicator, reflecting the state of the national economy. According to the Keynesian model of economic development, GDP can be represented as follows: GDP = C + I + S + E – M, where C – consumption, I – investment, S – government spending, E – export, M – import. GDP is expressed as an index relative to the previous period of consideration, and in the form of an absolute value of the sum of prices for goods and services produced. Has a significant impact on the market. GDP growth leads to an increase in the exchange rate of the national currency.
GDP advance
Gross Domestic Product (GDP) – provisional value.
This indicator is the first step of three levels of GDP data., which are published every quarter. They come out in the following sequence: advance – provisional (revised) – final. Its value is published every quarter, after the 20th of the month of publication in 08:30 EAST (New York).
GDP deflator
GDP deflator.
This is the ratio of the current value of GDP to its base value. Reflects the value of the inflationary component in the value of GDP. Published simultaneously with GDP. Has a significant impact on the market. In conditions of expectation of an increase in key interest rates, an increase in its value leads to an increase in the dollar exchange rate.
GDP final
Gross Domestic Product (GDP) – final value.
This update “revised value” GDP (provisional). Most often, the differences between them are minimal.. Therefore, these numbers do not surprise the market.. Its value is published the next month after publication. “GDP provisional” after the 20th in 08:30 EAST (New York).
GDP provisional (revised)
Gross Domestic Product (GDP) – revised meaning.
This update (revision) “preliminary meaning” GDP (advance). Published the next month after publication “GDP advance” after the 20th in 08:30 EAST (New York).
Help-wanted index
Index of the number of workers required.
It characterizes the volume of advertisements in newspapers about the hiring of workers and employees. 1987 the year was set as the baseline, then its value was “100”. When analyzing it, use “moving averages” (moving average). If the moving average shows a change in the trend of the index for several months, then this may serve as a sign of a change in the situation on the labor market. Also, the index can give an idea of a possible change in the economic situation in different regions of the country.. Virtually no market impact. Its influence is limited to those, that only a limited number of major regional newspapers are taken into account. Its value is published, usually, on the last Thursday of every month at 10:00 EAST (New York).
Housing starts
Construction of new houses.
The indicator shows the number of new houses, the construction of which has already begun. He is very sensitive to changes in the main interest rates in the country., since it is necessary to take bank loans for construction. This data, due to the peculiarities of the real estate market, subject to seasonal fluctuations. The construction process is directly related to the state of income of the population. Therefore, an increase in construction volumes characterizes an improvement in its well-being and a healthy development of the economy.. Has limited market impact. An increase in its value has a positive effect on the exchange rate of the national currency.. Its value is published on the third week of each month in 08:30 EAST (New York) along with the index “Building permits”.
Humphrey-Hawkins testimony
This is a speech by the head of the US Federal Reserve (Federal Reserve) (now it's Ben Bernanke) before two banking committees of the United States Congress.
This performance takes place twice a year: winter and summer. Two chambers of Congress (The Senate и House) change places about, whose committee is once again the first to hear the report. The report sheds light on new plans and objectives of the Federal Reserve in the conduct of monetary policy. It is closely watched by all market participants and are trying to find a hint of the Fed's possible actions in the event of a future change in key interest rates.. Performance has a significant impact on the market. This is one of the most important and significant events for the financial market..
Import prices
Import prices.
The index reflects the change in import prices for the month. Indicator of inflation. Since when calculating the consumer price index (CPI) the prices for imported goods and services are taken into account, then this value characterizes the contribution of import prices to the overall picture of changes in retail prices for “shopping cart” goods and services. Has limited market impact. In conditions of expectation of an increase in key interest rates, an increase in the index value leads to an increase in the dollar exchange rate. Its value is published every month around the 10th in 08:30 EAST (New York) along with the index “Export prices”.
Industrial production
industrial production.
Is one of the main indicators, reflecting the state of the national economy. The index shows the level of change in the volume of industrial production and utilities in the country. Its value is published in the middle of each month in 09:15 EAST (New York). Has a significant impact on the market. An increase in this indicator leads to an increase in the exchange rate of the national currency..
ISM index
Business Activity Index of the National Association of Managers.
It represents the results of a survey of purchasing managers in the industry. This index is used to measure changes in the area of new production orders., volume of industrial production, Employment, as well as inventory and supplier speed. The numbers below “45-50” are an indicator of a slowdown in economic development. Psychological factors often influence the value of this index., rather than the actual state of affairs. Calculation of the index does not include the state of California. Since the volume of industrial production is not automatically a source of consumer demand, then this indicator is approached with caution. Its value is published on the first business day of each month in 10:00 EAST (New York). Has limited market impact. An increase in the index value leads to an increase in the dollar exchange rate.
ISM services index
Business Activity Index of the National Association of Service Managers.
It presents the results of a survey of service managers to assess change., occurring in this industry. The numbers below “45-50” are an indicator of a slowdown in economic development. Psychological factors often influence the value of this index., rather than the actual state of affairs. Service consumption tends to change at a relatively constant rate., therefore, it is psychological factors that influence abrupt changes in the value of this indicator.. Therefore, when analyzing the index, special attention is paid to this.. Its value is published in the first days of each month in 10:00 EAST (New York) one day after the publication of the index of the National Association of Industrial Managers (ISM index). Has limited market impact. The growth in the value of this index is a favorable factor for the growth of the dollar.
Jobless claims (Initial claims)
Unemployment claims.
Shows the weekly change in the number of applications for unemployment benefits. Published every week on Thursdays at 08:30 EAST (New York). These numbers do not always reflect the real picture of events.. They are sometimes distorted by short-term factors., such as federal or local holidays. This indicator can give an idea of how, what is the next indicator “Nonfarm payrolls”. For example, if within a month the indicator value “Jobless claims” consistently decreases, then there is a high probability that, that the value of the indicator “Nonfarm payrolls” will be great. Has limited market impact. The decrease in the number of applications for unemployment benefits is a favorable factor for the growth of the dollar.
Leading indicators index
Index of leading indicators.
It is a weighted average index of such indicators., how: “production orders”, “number of applications for unemployment benefits”, “money supply indicators M”, “the size of the average working week”, “real estate building permits”, prices for major shares, “durable goods orders”, “consumer confidence index”. Is considered, that it characterizes the development of the economy over the next 6 months. There is also a rule of thumb, that the output of the indicator value in the negative area for three months in a row is an indicator of a slowdown in the development of the country's economy. Has limited market impact. Its limited influence is due to the fact, that the index value comes out one month after the reporting period, when almost all the main indicators have already been published. An increase in the index value leads to an increase in the dollar exchange rate. Its value is published, usually, in the first days of each month in 10:00 EAST (New York).
Michigan consumer sentiment index
University of Michigan Consumer Sentiment Index.
This index represents the results of a consumer survey of confidence in the current economic situation.. The survey is conducted by the staff of the University of Michigan USA. The report is published twice a month: in the second week (usually friday) about 15 day of the reporting month (preliminary), and two weeks later (final). Published in 10:00 EAST (New York). This indicator – nothing else, as a reflection of consumers' desire to spend their money. Has limited market impact. An increase in the index value leads to an increase in the dollar exchange rate.
Money supply (M1, M2, M3)
Monetary aggregates “M”.
They are indicators of the money supply. М1 takes into account the most liquid resources: cash currency, funds on accounts “poste restante”, traveler's checks. M2 includes M1, term deposits (to $100 000) and other highly liquid savings. М3 includes М2 and large time deposits. Indicators M1, M2, M3 are published every week on Thursdays at 16:30 EAST (New York) and are informative. They show the weekly change in the money supply. The most significant of these is M2. The market is practically not affected.
New home sales
The figure shows the number of houses sold or for sale, for one family, for the year.
This number tends to grow, when the rate on loans secured by real estate rises, which is related to the main interest rates in the country. This data, due to the peculiarities of the real estate market, subject to seasonal fluctuations. Therefore, when analyzing the indicator “New home sales” use “moving averages” (moving average). Has limited market impact. An increase in its value has a positive effect on the exchange rate of the national currency.. Its value is published in the first days of each month in 10:00 EAST (New York).
New York Fed Index
New York Manufacturing Index.
Calculated as a weighted average of nine regional indices (new orders, deliveries, outstanding orders, delivery time, reserves, payment prices, order prices, Unemployment, average working week). Calculated from information from the industrial sector of the New York region. Has limited market impact. The growth of this indicator has a positive effect on the dollar.. Published in the middle of each month in 13:30 GMT
Nonfarm payrolls
Number of new jobs, created in non-agricultural sectors of the economy per month.
Payroll – this is the payroll, according to which salaries are paid to employees. This is a very strong indicator., showing the change in the level of employment in the country. An increase in this indicator characterizes an increase in employment and leads to an increase in the dollar exchange rate.. He's called “Indicator, which moves the markets”. There is a rule of thumb, that an increase in its value by 200 000 per month is equal to an increase in GDP by 3.0%. Published, usually, on the first Friday of every month at 08:30 EAST (New York).
Personal income
personal income.
The index includes wages of workers and employees, rent income, Dividends, bank interest income, social insurance payments, etc.. It is considered together with the indicator “Personal spending”. Has limited market impact. The change in this indicator characterizes the state of the purchasing power of the population.. An increase in its value at a normal level of expenses can lead to an increase in the volume of retail sales., which is a positive factor for the development of the national economy and leads to an increase in the dollar exchange rate. Its value is published after the 20th of each month in 08:30 EAST (New York).
Personal spending (consumption)
Personal expenses.
The index reflects the change in spending on personal needs. Has limited market impact. Its value is published after the 20th of each month in 08:30 EAST (New York) along with the index “Personal income”. The index includes three components: expenses for purchasing durable goods, short-term use and services. The consumption of durable and non-durable goods is given by the indicator “Retail sales” (Retail sales). Service consumption process, in its turn, changes at a relatively constant rate, therefore, the value of this indicator is often predictable. In this way, only a significant deviation of this indicator from the forecasted values can have an impact on the exchange rate of the national currency. An increase in its value is a positive factor for the development of the national economy and leads to an increase in the dollar exchange rate..
Philadelphia Fed index
Philadelphia Federal Reserve Bank PMI.
It presents the results of a survey of manufacturers in Philadelphia regarding their attitude to the current economic situation.. The numbers below “0” are an indicator of a slowdown in economic development. Its value is published on the third Thursday of every month in 10:00 EAST (New York). Has limited market impact. He is being watched closely, since this index is published before the index “NAPM”, and can give an idea of how, what will be the indicator of business activity at the national level. An increase in the value of this index leads to an increase in the dollar exchange rate.
Producer price index (PPI)
Industrial price index.
Determines the change in the price level for “shopping cart” Goods, manufactured in industry. To 1978 year it was called “Wholesale price index” (Wholesale price index). This index has two parts: entrance prices (semi-finished products, accessories, etc.) and output prices (finished products). The exit price includes the cost of labor and gives an indication of inflation, associated with changes in the cost of labor. The industrial price index is considered more reliable, if it does not take into account the food and energy industries. When calculating the index, prices for imported goods and services are not taken into account. Has a significant impact on the market. In conditions of expectation of an increase in key interest rates, an increase in its value leads to an increase in the dollar exchange rate. Published every month, usually, next week after release “Nonfarm payrolls”, in 08:30 EAST (New York).
Productivity
Labor productivity.
The index shows the change in the volume of manufactured products, per employee. Labor productivity is a very important indicator for analyzing the state of the economy. Has a significant impact on the market. but, you need to keep a close eye on him, as it can be misleading from time to time. For example, a decrease in the number of people employed in production during a stagnant economy leads to an increase in productivity. The same can happen as a result of strikes.. An increase in the index value is a positive factor for the development of the national economy and leads to an increase in the dollar exchange rate.. Its value is published every quarter, before the 10th day of the month of publication in 08:30 EAST (New York).
Real earnings (Real average weekly earnings)
Average weekly wages.
The index is calculated taking into account inflation (cleared of the influence of inflation). To exclude the influence of inflation, the calculation is made in relation to the base year., for which it is accepted 1982 year. Expressed as an absolute value and as an index in relation to the previous consideration period. It can serve as an indicator of the development of inflationary processes., related to rising labor costs. Has limited market impact. In conditions of expectation of an increase in key interest rates, an increase in its value may lead to an increase in the dollar exchange rate. Published, usually, in the middle of each month at 08:30 EAST (New York) along with the index “CPI” (Consumer price index).
Redbook
Retail Weekly Review “Redbook”.
It presents the results of a survey of the retail sales of large supermarkets.. Published every week on Tuesdays at 10:30 EAST (New York). First review of the month (on the first Tuesday of the month) compares the first week of the current month to the first week of the previous month, the second review compares the first two weeks of the current month with the first two weeks of the previous month, etc.. In this way, the full picture of the review is formed only at the time of publication of the last review of the month (last tuesday). Virtually no market impact. This is due to the fact, that the numbers differ by a significant range of values (Variability) and topics, that the review contains a limited number of stores.
Retail sales
Retail sales.
The index shows the change in the volume of sales in the retail sector. Characterizes the level of consumer spending and demand. This indicator is divided into: “car sales” And “selling everything else”. Since the number of cars sold is very volatile, then the most correct information is carried by that part of the indicator, which does not take into account “car sales”. The growth in retail sales is a positive factor for the development of the national economy and leads to an increase in the exchange rate of the national currency. Published in the middle of each month in 08:30 EAST (New York). Has limited market impact (mostly, in average- and long-term plan).
Trade balance (International trade)
Trade balance.
Represents the ratio between the sum of the prices of goods, exported outside this state, and the sum of the prices of goods, imported into the territory of this state. Ie. difference between export and import. If the sum of the prices of exported goods exceeds the sum of the prices of imported, then the trade balance is active (surplus), if import exceeds export – Passive (negative balance). Positive balance (or a decrease in the value of the negative balance) is a favorable factor for the growth of the national currency. Has a significant impact on the market. Its value is published on the third week of every month. (usually on Thursday) in 08:30 EAST (New York).
Unemployment rate
Unemployment rate.
Shows the percentage of the number of unemployed to the total working-age population. Comes out simultaneously with the indicator “Nonfarm payrolls”. Has a significant impact on the market. Usually the analysis of the unemployment rate is carried out in a context with numbers., reflecting the value of the indicator “Nonfarm payrolls”. For example, growth of indicator value “Nonfarm payrolls” with an increase in the unemployment rate indicates an increase in unemployment in agricultural sectors of the economy, and so on. In conditions of expectation of an increase in basic interest rates, a decrease in its value leads to an increase in the dollar exchange rate. Published, usually, on the first Friday of every month at 08:30 EAST (New York) along with the index “Nonfarm payrolls”.
Unit labour cost
Unit cost of manufactured products.
The index characterizes the costs, production-related items. It is an important indicator, characterizing the effectiveness of the country's economic development. Has a significant impact on the market. It serves as a good indicator of the development of inflationary processes., wage growth. Usually the analysis of this index is carried out in the context of numbers., reflecting the value of the indicator “Productivity” (Labor productivity). An increase in the cost of a unit of output, along with an increase in labor productivity, may lead to the need to increase basic interest rates., which is a positive factor for the growth of the dollar. Its value is published every quarter, before the 10th day of the month of publication in 08:30 EAST (New York) along with the index “Productivity”.
Wholesale inventories
Inventory in wholesale warehouses.
The index characterizes the relationship between wholesalers and retailers. Has limited market impact, however gives an idea of the trends in these sectors of the economy, which can be projected onto the economy as a whole. “Overloading” warehouses may indicate stagnation in the economy. A stable trend in its dynamics has a great impact on the market.. The growth of the index value has a negative impact on the dollar rate. Its value is published around the 10th of every month in 10:00 EAST (New York).
