Germany EUR

Germany All Saints Day

Impact:
Low

Next Release:

Date:
Period:
What Does It Measure?
All Saints Day, observed on November 1st in Germany, does not directly measure economic indicators but serves as a public holiday reflecting cultural and religious practices. It may impact labor productivity, retail sales, and other economic activities in regions where it is recognized, particularly by contributing to a short-term slowdown in business operations and consumer activities.
Frequency
All Saints Day is an annual observance, typically occurring every year on November 1st, and does not involve preliminary estimates or revisions.
Why Do Traders Care?
Traders monitor All Saints Day as it can influence economic activity, affecting short-term consumer spending and business operations, which can lead to fluctuations in retail sales data. The holiday may impact financial markets by altering trade volumes, particularly in sectors reliant on consumer spending, as well as potentially influencing currency and stock behaviors tied to economic performance indicators during that period.
What Is It Derived From?
The significance of All Saints Day is derived from religious and cultural traditions, rather than being calculated through a standard economic methodology. Data can be inferred from historical consumer behavior patterns and previous years’ economic performance during this holiday, which may involve surveys and assessments from retail outlets and businesses.
Description
All Saints Day is a public holiday in some German states, leading to the closure of many businesses, schools, and government offices, resulting in shifts in consumer behavior. The holiday's celebration often results in reduced economic activity, impacting sectors like retail and travel, as families may engage in observances rather than purchasing goods or services.
Additional Notes
All Saints Day is often considered a holiday that can serve as a coincident indicator, reflecting broader consumer sentiment and spending trends during significant cultural events. Its effects can also be compared with other public holidays in Germany, such as Christmas or Easter, which exhibit different impacts on the economy due to variations in cultural observance and shopping behaviors.
Bullish or Bearish for Currency and Stocks
This section is not applicable as All Saints Day does not involve numerical expectations or direct monetary policy implications.

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