Economic Calendar

Time
Currency
Country
Impact
Events
Period
Actual
Forecast
Previous
Not specified
EUR
Germany
Deutsche Bundesbank Monthly Report
18.12.2017
 
-
-
18:50
JPY
Japan
Trade Balance
November
 
0.330 T JPY
0.285 T JPY
18:50
JPY
Japan
Trade Balance SA
November
 
-
0.322 T JPY
Not specified
Deutsche Bundesbank Monthly Report
GermanyEUR
Period
18.12.2017
Actual
 
Forecast
-
Previous
-
18:50
Trade Balance
JapanJPY
Period
November
Actual
 
Forecast
0.330 T JPY
Previous
0.285 T JPY
The 'trade balance' covers international transactions of 'goods' (exports and imports), which are recorded at market value on a free on board (FOB) basis. The trade balance comprises the five categories of general merchandise, goods for processing, repairs on goods, goods procured in ports by carriers, and non-monetary gold. However, transactions of non-monetary gold pertaining to investment in gold and gold savings accounts are excluded. The 'general merchandise' covers transactions of movable goods with changes of ownership between residents and non-residents The 'goods for processing' cover processing materials exported (imported) for processing, and products that are re-imported (re-exported) after processing, which are recorded on a gross basis. The 'repairs on goods' cover the amount of repair for movable goods, such as ships and aircraft, owned by residents (non-residents). The 'goods procured in ports by carriers' cover transactions involving fuels, food stuff, and other goods procured in Japan (abroad) by carriers (ships, aircraft) owned by non-residents (residents). The 'non-monetary gold' covers all transactions in gold, excluding gold held by monetary authorities as a reserve asset (monetary gold) and investment in gold and gold savings accounts.
18:50
Trade Balance SA
JapanJPY
Period
November
Actual
 
Forecast
-
Previous
0.322 T JPY
For short term indicators, the cycles that are relevant for the economic trends and which by definition have periodicities longer than one year, are generally affected by considerable short-term fluctuations (trend, economic fluctuations, seasonal fluctuations, calendar fluctuations, residual or irregular fluctuations). As a consequence, analysing the current business-cycle phase is quite difficult. To improve the accuracy of the economic trend analyses, it is common to apply mathematical filtering techniques to remove such fluctuations from the time series.

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