Switzerland CHF

Switzerland New Year’s Eve

Impact:
Low

Next Release:

Date:
Period:
What Does It Measure?
Switzerland New Year’s Eve measures the festive and economic activities associated with the annual celebration, particularly reflecting the consumer spending and tourism sectors. This event is often used to gauge overall economic sentiment and the health of the hospitality industry during peak holiday season.
Frequency
This event occurs annually on December 31st and is celebrated without formal reports but rather through various social and economic indicators, such as restaurant bookings and retail sales during the holiday period.
Why Do Traders Care?
Traders pay attention to New Year’s Eve in Switzerland as it can influence tourism and hospitality stocks, along with consumer behavior, which may affect broader economic forecasts. Significant spending during this period is typically seen as a positive sign of consumer confidence and may bolster the Swiss franc.
What Is It Derived From?
The effects of New Year’s Eve are derived from various data sources, including retail sales reports, tourism traffic numbers, and hospitality industry performance indicators, often gathered by local businesses and tourism boards. Surveys and anecdotal evidence from the service industry also provide insights into spending trends and consumer behavior during the holiday season.
Description
New Year’s Eve in Switzerland serves as a reflection of festive consumer behavior, indicating how much the public is willing to spend on celebrations, travel, and entertainment during a key holiday. Although no formal economic reports explicitly measure this event, related data on consumer spending during the holiday period is often closely monitored.
Additional Notes
While this event is primarily coincident in terms of economic performance, it relates closely to broader trends such as seasonal employment and consumer sentiment in the hospitality and retail sectors. It can also be compared to similar holiday celebrations in other regions, impacting tourism dynamics across various markets.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise