In the last issue, we talked about the most important level of data GDP in economic data. In this issue, let's know the other three important economic data: CPI , PPI, PMI.Let's explain one by one.
Constellation price index CPI
A macroeconomic indicator reflecting the changes in the price level of consumer goods generally purchased by residents' families.It is used to reflect the changes in the price level of consumer goods and services for residents' families.CPI is an important indicator of inflation.Inflation is a general level of price levels, and the height of CPI can explain the severity of inflation at a certain level.At the same time, the height of the CPI directly affects the introduction and intensity of the state's macroeconomic regulation measures, such as whether the Fed is regulated.The Fed's tolerance for inflation is 2%. We know whether the Fed adopts a interest rate hike policy is directly related to inflation. Certain inflation rates are one of the signals of interest rate hikes, and the impact of interest rate hikes on the US dollar index is often positive as positiveof.
Frequency: Once a month.
Release time: 8:30 am Eastern US time.The second or third week of each month.
Source: US Department of Labor.
Basic impact: If the announcement value is greater than the predicted value, it will benefit the dollar.
Production price index ppi
It is an index that measures the change trend and degree of change in industrial enterprises. It is an important economic indicator reflecting the changes in the price of the production sector in a certain period. It is also an important basis for formulating economic policies and national economic accounting.Compared to CPI , PPI is a leading indicator, PPI fluctuates first, and then spreads to the downstream industry through the industrial chain, and finally transmits it to consumer goods, causing the fluctuations of CPI.This kind of transmission is mainly through the following two channels. One is that the factory price of the living materials directly affects the changes in CPI; the other is that the change in the production price of the production data has caused changes in the production cost of enterprises in production consumer goods, leading to changes in the factory price of consumer goods, which indirectly leads to CPI indirectly leading to CPIVariety.Due to the large weights of production materials in PPI, the changes in the latter have a more obvious impact on CPI.As an advanced indicator, the market is often sensitive. This is why the market fluctuates greatly after the announcement of data such as CPI and GDP. The main reason is that the market has already made adjustments in advance through other advances.
Frequency: Once a month.
Release time: the second week of each month.
Source: US Department of Labor.
Basic impact: If the announcement value is greater than the predicted value, it will benefit the dollar.
Purchasing Manager Index PMI
It is the index summarized by the monthly investigation of the purchasing manager, which reflects the trend of economic changes. PMI is a comprehensive economic monitoring index system released by monthly release. It is divided into manufacturing PMI and waiter PMI.Different statistical data and preparation methods are as far as the PMI index of the US manufacturing industry.It mainly includes two indicators -thesm manufacturing PMI and Markit manufacturing PMI. The expansion and shrinkage of the index is 50. The higher than 50 is deemed to be expanded by the manufacturing industry, and lower than 50 means the shrinking of the manufacturing industry.
Frequency: Once a month.
Release time: the first day of each month.
Source: ISM -US Supply Management Association.Markit -Financial Information Service Provider Markit LTD.
Basic impact: If the announcement value is greater than the predicted value, it will benefit the dollar.
