Spain EUR

Spain Assumption of Mary

Impact:
Low

Next Release:

Date:
Period:
What Does It Measure?
The Assumption of Mary, a public holiday in Spain, primarily measures the significance of religious and cultural observances in society. It reflects the national sentiment towards Catholic traditions, impacting areas such as consumer behavior and tourism, especially regarding local festivals and religious activities.
Frequency
The Assumption of Mary is observed annually on August 15th, marking a consistent calendar event.
Why Do Traders Care?
While the Assumption of Mary may not directly influence financial markets, it can impact certain sectors, such as retail and tourism, particularly in regions with significant celebrations. Traders in these sectors might track foot traffic and consumer spending trends surrounding such holidays, as they can signal seasonal buying patterns.
What Is It Derived From?
The day is derived from Catholic doctrine, commemorating the belief in the bodily assumption of the Virgin Mary into heaven. Its significance is culturally embedded, evolving from centuries-old traditions where historical events and religious beliefs converge.
Description
The Assumption of Mary involves various cultural and religious activities, including processions, festivals, and mass celebrations across Spain, with different regions showcasing unique customs. This celebration encourages social cohesion and community engagement, often bolstering local economies through increased visitor numbers and spending.
Additional Notes
The Assumption of Mary serves as a coincident measure of cultural sentiment rather than a direct economic indicator. Observations during this time can align with broader economic trends, such as seasonal patterns in tourism and hospitality, offering insight into consumer confidence and local economic health.

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