What Is the Industrial Production Index (IPI)? 

The Industrial Production Index (IPI) is an economic indicator that measures the production output of the industrial sector of a country. It includes the manufacturing, mining, and electric and gas utilities sectors. The IPI provides insight into the health of the economy and is used by policymakers, investors, and analysts to make informed decisions. The IPI is an important tool for predicting future economic growth or contraction. 

How Does the Industrial Production Index (IPI) Work? 

The IPI is calculated by the Federal Reserve Board in the United States and other central banks around the world. It is based on a survey of businesses and covers approximately 100 products across various industries. The survey tracks the quantity of goods produced, as well as the changes in production levels over time. The IPI is reported monthly and is seasonally adjusted to account for variations in production levels throughout the year. 

How to Calculate the IPI 

The IPI is calculated using a base year that is set at 100. The current production levels are compared to the base year, and the percentage change is reported as the IPI for that month. For example, if the production levels in the current month are 10% higher than the base year, the IPI for that month would be 110. This allows for easy comparison of production levels over time, as well as between different industries. 

Benefits of the Industrial Production Index (IPI) 

The IPI provides valuable information for businesses, investors, and policymakers. Businesses can use the IPI to monitor production levels in their industry and adjust their operations accordingly. Investors can use the IPI to make informed decisions about which companies to invest in based on their production levels. Policymakers can use the IPI to make decisions about monetary policy and to anticipate changes in economic growth. 

The IPI can also be used in conjunction with other economic indicators, such as the Gross Domestic Product (GDP), to provide a more comprehensive picture of the economy. The IPI is particularly useful for predicting changes in GDP, as it provides an early indication of changes in production levels. 

When is Industrial Production released? 

The Federal Reserve Board releases the IPI monthly, typically around the middle of the month. The data is available on the Federal Reserve website and is widely reported in the media. Investors and analysts typically pay close attention to the IPI release, as it can have a significant impact on the stock market and other financial markets. 

This week, market participants are eagerly awaiting some highly anticipated economic reports. The focus will be on key indicators such as CPI in Canada, the UK, and New Zealand, as well as Flash Manufacturing and Services PMI in the UK and the US. These much-awaited reports are crucial in helping traders and investors stay ahead of the curve and make informed decisions.

Here are the key events to watch out for:

New York Empire State Manufacturing Index | US (April 17)

The NY Empire State Manufacturing Index sank to -24.6 in March 2023 from February’s -5.8.

 Analysts anticipate a reading of -15 in April.

Claimant Count Change | UK (April 18)       

The number of people claiming for unemployment benefits in the UK fell by 11,200 in February 2023.

For March, analysts expect this trend to persist, with a projected decrease of 9,500.  

Consumer Price Index | Canada (April 18)

CPI in Canada rose 0.4% in February 2023, easing from 0.5% in January.

For March, analysts expect the index to increase by 0.3%. 

Consumer Price Index | UK (April 19)

UK inflation rose unexpectedly in February, with CPI up 10.4% annually from 10.1% in January. This was the first increase in four months. 

For March, analysts expect a lower reading of 10.2%.

Consumer Price Index | New Zealand (April 20)

New Zealand’s CPI jumped 1.4% in the fourth quarter of 2022 from the previous quarter.

For the first quarter of 2023, analysts forecast the index to increase by 1.6%.

Flash Manufacturing PMI and Flash Services PMI | Germany (April 21)      

In March 2023, the German Flash Manufacturing PMI was revised slightly higher to 44.7, while the Flash Services PMI was revised slightly lower to 53.7. 

For April, analysts expect the Flash Manufacturing PMI to be released at 45.5, while Flash Services PMI at 53.5.

Flash Manufacturing PMI | UK (April 21)

UK Flash Manufacturing PMI came in at 47.9 in March 2023, down from February’s seven-month high of 49.3.

Analysts expect a reading of 48.5. in April. 

Flash Manufacturing PMI and Flash Services PMI | US (April 21)  

The US Flash Manufacturing PMI came in at 49.2 in March 2023, up from 47.3 in February. Meanwhile, Services PMI was revised lower to 52.6.

For April 2023, analysts expect the US Flash Manufacturing PMI to be released at 48, while Flash Services PMI at 51.8.

Dear Client,

Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume”.

Please refer to the table below for more details:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact info@vtmarkets.com

As we begin a new week, the financial world is buzzing with anticipation of some economic reports. All eyes will be on the Bank of Canada Rate Statement and FOMC Meeting Minutes, alongside the eagerly awaited CPI, PPI and Retail Sales data release in the US. These reports are crucial for traders navigating the markets and making informed decisions. 

Here are key events to watch out for:

Consumer Price Index (CPI) | US (April 12)

The CPI in the US rose 0.4% month-on-month in February 2023, after rising 0.5% in January.

For March, analysts expect the reading to increase by 0.3%

Bank of Canada Rate Statement | (April 12) 

As previously signalled, the Bank of Canada kept its overnight rate target steady at 4.5% during its March 2023 meeting.

The central bank stated that it intends to maintain the current rate if the economic conditions align with the latest Monetary Policy Report’s expectations. 

FOMC Meeting Minutes | US (April 13)

The Fed raised the fed funds rate by 25bps to 4.75%-5% in March 2023, matching the February increase, and pushing borrowing costs to new highs since 2007, as inflation remains elevated.

The decision came in line with expectations from most investors, although some believed the central bank should pause the tightening cycle to shore up financial stability.

Employment Change | Australia (April 13)

Employment in Australia created an additional 64,600 jobs to reach 13.83 million in February 2023, surpassing market predictions of 48,500, following a downward revision of 10,900 jobs in the previous month.

Analysts expect employment will add 20,000 jobs in March 2023.

Gross Domestic Product (GDP) | UK (April 13)

The British economy expanded 0.3% month-on-month in January 2023, partially bouncing back from a 0.5% contraction in December when strikes halted business activities.

For February 2023, analysts expect the UK GDP to expand further by 0.2%.

Producer Price Index (PPI) | US (April 13)

Producer prices for final demand in the US fell 0.1% month-on-month in February 2023.

For March, analysts expect the US PPI to go up by 0.1%. 

Retail Sales | US (April 14)

Retail sales in the US were down 0.4% month-on-month in February 2023, following an upwardly revised 3.2% surge in January.

For March 2023, analysts expect US Retail Sales to contract by 0.4%.

Prelim University of Michigan Consumer Sentiment (April 14)

The University of Michigan revised the US consumer sentiment downwards to 62 in March 2023 from the preliminary figure of 67. This marks the first decrease in sentiment in four months, as consumers anticipate an upcoming recession.

For April 2023, analysts the data to stand at 62.7.

Dear Client,

Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume”.

Please refer to the table below for more details:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact info@vtmarkets.com

Sydney, Australia, April 3, 2023 – VT Markets, a global multi-asset broker, has announced its partnership with TradingView, the world’s leading provider of charting and analytical tools with over 50 million users.

The combination of VT Markets’ expertise in the financial industry along with TradingView’s cutting-edge technological tools ensures that traders have access to the best resources available when making crucial trading decisions. Through this partnership, VT Markets’ clients will be able to benefit from TradingView’s comprehensive market research data and advanced financial visualisation tools. Additionally, TradingView provides a multitude of expert tools for traders, such as multiple chart types, customisable technical indicators, drawing tools, and live market updates.

A wide range of assets, such as Forex, Stocks and CFDs, now can be seamlessly traded on TradingView charts without leaving the VT Markets platform. This integration will allow users to conduct top technical analysis for better investment strategies and enjoy an enhanced trading experience.

A representative of VT Markets said, “We’re delighted to be partnering with TradingView. As a technology-driven broker, we’re always looking for ways to simplify our clients’ trading experience while maximising their trading results. This collaboration further strengthens our commitment towards providing them with access to innovative technologies and premium services that enable them to stay ahead of the market”.

About the Company:

VT Markets is a regulated multi-asset broker with a presence in over 160 countries. The broker has won many international accolades including Best Customer Service and Fastest Growing Broker. Their mission is to make trading an easy, accessible, and seamless experience for everyone. 

For more information, please contact media@vtmarkets.com.

Dear Client,

Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”.

Please refer to the table below for more details:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact info@vtmarkets.com

As the first quarter of 2023 draws to a close, many countries are gearing up to release some major economic data. The US is scheduled to publish its Consumer Confidence (CPI) and Core PCE Price Index reports, while Australia and Germany will be releasing their CPI data. With investors and traders globally eagerly waiting for these reports, you can expect some serious market movements. 

Here are key events to watch out for:

CB Consumer Confidence | US (March 28)

The US CB Consumer Confidence fell to 102.9 in February 2023.

Analysts anticipate it to drop further to 101 in March 2023.

Consumer Price Index (CPI) | Australia (March 29)

Australia’s monthly CPI rose 7.4% in January 2023, but still lower than the 8.4%  rise for the year to December 2022, signifying stubborn high inflation. 

For February 2023, analysts expect it to increase by 7.6%.

Prelim Consumer Price Index (CPI) | Germany (March 30) 

The CPI in Germany increased 0.8% in February 2023, easing from a 1% rise in the previous month.

For March 2023, analysts expect the index to increase by 1.5%.

Gross Domestic Product (GDP)  | Canada (March 31) 

Canada’s GDP shrank by 0.1% in December 2022, following a 0.1% increase in November 2022. Analysts expect the Canadian economy to increase by 0.3% in January 2023.

Core PCE Price Index | US (March 31)

Core PCE prices in the US, which exclude food and energy, jumped by 0.6% month-on-month in January 2023, the most since August, following an upwardly revised 0.4% increase in the previous month.

For February, analysts expect the index to increase by 0.6%.

Sydney, Australia, March 25, 2023 – VT Markets, a next-generation multi-asset broker, hosted their highly anticipated Gala Event in Bangkok, Thailand on 11 March, 2023. The function was held to celebrate the brokerage’s success in 2022 and to reaffirm their strong ties with key partners in the Southeast Asia region.

The night was filled with mesmerising live performances, lucky draws and incredible prizes. During the Awards and Gala Night segment, VT Markets expressed gratitude to their partners, clients and stakeholders for their collaborative efforts that enabled the brokerage to maintain their competitive edge and achieve record-breaking milestones. Their partners were honoured for their exceptional contributions to the success of VT Markets in the region, making it a truly unforgettable experience for all attendees.

“We are immensely proud of our achievements in 2022 and this Gala Event serves as a token of our appreciation to our dedicated partners and clients who have contributed to our remarkable success,” said the Managing Director of VT Markets. “This year, we’re excited to introduce a series of new products and services designed to further enhance the trading experience of our clients while cementing our position as a trusted partner in Southeast Asia. We also look forward to having more such events around the world.”

On the back of the overwhelmingly positive feedback, VT Markets plans to expand the event to accommodate a greater number of esteemed partners and invitees, ensuring that the upcoming gala will be even more impactful and memorable.

As the company continues to grow its presence in the SEA region through strategic partnerships, it remains committed to fostering a supportive, collaborative and innovative environment where all partners thrive. This event is just one example of this unwavering commitment, solidifying the brokerage’s position as a leader in the financial services industry.

About the Company:

VT Markets is a regulated multi-asset broker with a presence in over 160 countries. The broker has won many international accolades including Best Customer Service and Fastest Growing Broker. Its mission is to make trading an easy, accessible, and seamless experience for everyone.

For more information, visit us on our website or email media@vtmarkets.com.

Dear Client,

Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”.

Please refer to the table below for more details:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact info@vtmarkets.com