ADP Nonfarm Employment Change
Measures the number of new jobs created in the previous month, excluding the farming industry. ADP, a leading provider of employment solutions for businesses, releases this indicator two days before the highly anticipated official Nonfarm Employment Change. ADP claims that this indicator has predictive value in regard to official statistics, but it hasn't yet gained acclaim from traders due to it's short history.
Advance GDP Price Index
Measures Inflation for all economic activity implied by GDP; Why Care While it's not the timeliest measure of inflation, it is the broadest. It encompasses all aspects of GDP and is used to calculate the difference between nominal and real GDP. The Fed is rumored to use this as the main inflation indicator. Also Called GDP Deflator; Frequency Released quarterly, about 30 days after quarter ends; FF Notes While this is a q/q data, it's reported in an annualized format which shows the pace for inflation if the following 3 quarters remain the same.
Advance GDP
Measures Total value of all goods and services produced by the economy; Why Care GDP is the broadest measure of activity and the primary gauge of the economy's health. To foreign investors, a strong economy is viewed favorably because it spurs investment opportunities in the domestic stock and bond markets. More importantly, the central bank is more likely to raise interest rates in the face of a strong and growing economy. The combination of these effects can have a large impact on the demand for the nation's currency. Frequency Released quarterly, about 30 days after quarter ends; Timliness Gross Domestic Product (GDP); FF Notes While this is a q/q data, it's reported in an annualized format which shows the pace for GDP if the following 3 quarters remain the same. There are three versions of GDP released one month apart – Advance, Preliminary, and Final. Due to the timeliness of the Advance release, it tends to have the most impact.
AIG Construction Index
Measures Level of a diffusion index based on surveyed construction companies. Usual Effect Actual > Forecast = Good for currency; Frequency Released monthly, on the fifth business day after the month ends; Next Release Oct 6, 2008 FF Notes Above 50.0 indicates industry expansion, below indicates contraction; Derived Via Survey of about 200 construction companies which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; Also Called Performance of Construction Index; Acronyms Australian Industry Group (AIG);
AIG Manufacturing Index
Measures Level of a diffusion index based on surveyed manufacturers; Usual Effect Actual > Forecast = Good for currency; Frequency Released monthly, on the first business day after the month ends; Next Release Sep 30, 2008 FF Notes Above 50.0 indicates industry expansion, below indicates contraction; Derived Via Survey of about 200 manufacturers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; Also Called Performance of Manufacturing Index; Acronyms Australian Industry Group (AIG);
AIG Services Index
It measures the level of a diffusion index based on surveyed service-based companies.
ADP Non-Farm Employment Change
Estimated change in the number of employed people during the previous month, excluding the farming industry and government