Forex encyclopedia

ADP provides changes in the number of employed people in recent month excluding farming sector and public sector workers. Automatic Data Processing (ADP) is one of leading data providers in the USA, which renders payroll services. By present, ADP processes about 500 000 payrolls, about 430 000 enterprises, upon that, embracing more than 24 mln of people in all major industrial branches. Monthly ADP collects immense amount of information related to employment and wages and besides published employment reports. Macroeconomic Advisers LLC and ADP concluded the agreement with the purpose of creating and supporting more tools for evaluating employment, including non-farm sector.

Japan Corporate Goods Price Index (CGPI) is an economic indicator calculated on the basis of price of goods acquired by Japanese enterprises. The index inter alia accounts for feedstock prices directly impacting on the final cost of manufacturing, therefore, this index is used by companies to adjust prices for its production. CGPI also accounts for the transportation prices. If apart from growth of CGPI Japan experiences rise in index of consumer prices, it tells about rise in inflation in the country. In its turn, it signalizes Bank of Japan about the possibility of raising of major interest rates. When published index value is above expected, it gives a slight support for consolidation of national currency.