Monday's Upcoming Economic Calendar | ForexGen

On the upcoming economic calendar for Monday, September 8th there are four top tier release scheduled.
The first release, producer prices index, comes from the U.K. at 04:30. The producer price index measures the rate of inflation seen by manufacturers when purchasing goods and services. Analysts are expecting a reading of -1.2 percent.
The next release will be building permits from Canada at 08:30. This is a release of the number of residential building permits issued and acts as a leading indicator of housing market sentiment. Expectations are for a reading of -0.1 percent.

The day should then be somewhat quiet until 21:30 when Australia will release their home loans and retail sales reports. The home loan report gauges the cost of homes in Australia. The figure is based on surveyors' opinions on the state of the market, calculated as a percentage of surveyors reporting a rise in prices minus those reporting a fall. A fall in house prices indicates a weak housing market, which generally reflects a weakening overall economy. Economists are expecting a flat line reading of 0.0 percent for August.

The Australian retail sales will also be released at the same time. Retail sales are the measure of the total sales of goods and services by retail stores in Australia. Retail Sales is an important measure of consumer spending and inflationary pressures in Australia. Steady increases in retail sales apply significant inflationary pressures to consumer prices. With Retail Trade being the foremost indicator for consumer spending, this figure is extremely important in understanding Australia's economy.