GDP, Gross Domestic Product

Gross Domestic Product or GDP measures the market value of goods and services produced in a country, regardless of the nationality of the firm owning these resources. There are four major components of the GDP are: consumption, investment, government purchases, and net exports. The headline figure is the quarterly release of the percentage growth over the previous quarter (q/q) or year (y/y). The GDP report has three releases:

Advanced release (first);
Preliminary release (1st revision); and iii) final release (2nd and last revision). These revisions usually have a substantial impact on the markets.

ECONOMIC CALENDARS
DATE	TIME	COUNTRY	EVENT	FORECAST	PREVIOUS
07/21/08	3:15am	Switzerland	PPI m/m	0.4%	1.2%
07/21/08	4:45am	United Kingdom	BOE Governor King Speaks
	8:30am	Canada	Core Retail Sales m/m	0.8%	1.1%
	9:30pm	Australia	CPI q/q	1.2	1.3%
07/23/08	4:30am	United Kingdom	MPC Meeting Minutes	8-1 hld	8-1 hld
	7:00am	Canada	Core CPI m/m	0.2%	0.3%
	5:00pm	New Zealand	Monetary Policy Statement
	5:00pm	New Zealand	Official Cash Rate	8.25%	8.25%
07/24/08	4:00am	Eurozone	German Ifo Business Climate Index	100.2	101.3
	4:30am	United Kingdom	Retail Sales m/m	-2.5%	3.5%
	10:00am	United States	Existing Home Sales	4.93M	4.99M
07/25/08	4:30am	United Kingdom	Prelim GDP q/q	0.2%	0.3%
	8:30am	United States	Core Durable Goods Orders m/m	-0.2%	-0.9%
	10:00am	United States	New Home Sales	508K	512K

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