Source | |
Measures | Level of a diffusion index based on surveyed property surveyors; |
Usual Effect | 'Actual' greater than 'Forecast' is good for currency; |
Frequency | Released monthly, about 11 days after the month ends; |
Next Release | |
FF Notes | Data represents the percentage of surveyors reporting a price increase in their designated area. Above 0.0% indicates more surveyors reported a rise in prices, below indicates more reported a fall; |
Why Traders Care | It's a leading indicator of housing inflation because surveyors have access to the most recent price data by virtue of their job; |
Acro Expand | Royal Institution of Chartered Surveyors (RICS); |