Australia AUD

Australia Boxing Day (substitute day)

Info

History

Chart

Impact:

Low

Latest Release:

Date:

Actual:

Forecast:

Previous/Revision:

Period:

What Does It Measure?

Boxing Day in Australia, considered a substitute public holiday, does not measure economic performance directly like traditional economic indicators. Instead, it reflects consumer behavior and retail performance by indicating sales activity and consumer spending following Christmas.

Frequency

The significance of Boxing Day as a retail event occurs annually on December 26th, and it often features preliminary sales estimates reported soon after the holiday, with final figures compiled weeks later as retailers assess their total sales.

Why Do Traders Care?

Traders pay attention to Boxing Day sales figures as they provide insights into consumer confidence and spending trends, which are crucial for economic growth. Strong retail performance during this period can positively impact related stocks and sectors, while weaker sales could raise concerns about broader economic health.

What Is It Derived From?

The significance of Boxing Day sales is derived from estimations of retail sales reported by various national retail associations and key players in the consumer market. Data is collected through surveys of retailers regarding their revenue during the sales period compared to previous years.

Description

The preliminary reports on Boxing Day sales typically highlight month-over-month increases in consumer spending immediately following Christmas, emphasizing retail recovery or expansion. Retailers compare this data to the same day in previous years to assess long-term trends and market conditions.

Additional Notes

Boxing Day sales often serve as a coincident economic measure, reflecting real-time consumer behavior and sentiment. Analysts also compare Boxing Day data to sales during Black Friday and Christmas to gauge the effectiveness of holiday promotions and consumer spending patterns in relation to broader economic conditions.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for AUD, Bullish for Retail Stocks. Lower than expected: Bearish for AUD, Bearish for Retail Stocks.

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
Dec 28, 2020