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[macro outlook] Today, focus on the monthly rate of US industrial output in August
Sep 15,2020 06:49CST
The content below was translated by Tencent automatically for reference.

SMM9 March 15: today's focus on the monthly rate of US industrial output in August

The monthly rate of CPI in France in August, the consumer price index (CPI) is used to reflect the changes in the price level of consumer goods and services purchased by households, which is a coefficient of change in the retail prices of goods and services within a month. Generally speaking, in a benign inflationary environment, the higher the inflation, the better the economy, the higher the possibility of the central bank raising interest rates, the more beneficial to the domestic exchange rate.

Germany's ZEW Economic Prosperity Index in September, the ZEW Economic Prosperity Index is a more important index of the German economy, which is released in the third week of each month. Generally speaking, if the data rises, it will be good for the euro; otherwise, it will weaken the euro.

The euro zone's September ZEW economic sentiment index, which reflects analysts' and institutional investors' expectations for the euro zone's economy over the next six months, is a leading indicator of the economy. Good data, good for the euro. But the survey is less important than the German ZEW economic climate index.

The September New York Fed manufacturing index is a leading indicator of the health of the economy. Businesses react quickly to market conditions, and changes in business confidence can be seen as early signs of future economic activity, such as spending, hiring and investment.

The monthly rate of the US import price index in August, the import price index, may have an impact on future inflation. If manufacturers are unable to digest the rising prices of imported goods, it will eventually push up the ex-factory prices of products and spread to the final consumer sector, pushing up inflation. However, due to the long process from import prices to the final consumer prices, the impact on the market is relatively small.

The monthly rate of industrial output in the United States in August, which reflects the production level of various industries in the United States, covers manufacturing, mining and public utilities. Data can help clarify the structural development of the economy. Industrial output is measured in terms of output rather than dollar-denominated output, so it is not distorted by inflation and is considered to be a more accurate indicator of US industry. The rise in the data indicates that economic expansion is good for the dollar, and vice versa.

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