The Housing Starts figure reflects the rate of growth in housing construction. The number of housing starts is an indicator of the strength of Japan 's construction sector and a leading indicator for the direction of the economy as a whole. Housing Starts respond quickly to changes in the business cycle, promptly slowing at the onset of a recession and growing at the beginning of an economic boom. A high Housing Starts figure is generally bullish for the economy, as it indicates overall economic growth.
The headline figures are the year on year percentage change in value of housing starts, and the value of all houses started for construction that year.
The Gross Domestic Product is a comprehensive measure of an overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. While GDP announcements generally conform to expectations, unanticipated changes in this metric can move markets.
Robust GDP growth signals a heightened level of economic activity and often a higher demand for the domestic currency. At the same time, economic expansion raises concerns about inflationary pressures which may lead monetary authorities to increase interest rates. Thus better than expected GDP figures are generally bullish for the Euro, while negative readings are generally bearish.
Technically, Gross Domestic Product is calculated in the following way:
GDP = C + I + G + (EX - IM)
where
C = private consumption, I = private investment, G = government expenditure, EX = exports of goods and services, IM = imports of goods and services.
French GDP figures, officially called Quarterly National Accounts, are released quarterly. The headline figures are annualized percentage changes in real and nominal GDP.