Switzerland CHF

Switzerland New Year's Day

Impact:
Low

Latest Release:

Date:
Actual:
 
Forecast:
Previous/Revision:  
Period:
What Does It Measure?
Switzerland's New Year's Day is recognized primarily as a public holiday rather than an economic indicator; however, its observance reflects and measures consumer and business activity trends at the onset of the new year. This day often signals trends in economic sentiment and spending behaviors, serving as a precursor for retail sales performance and general economic activity in the early weeks of January.
Frequency
New Year's Day is annually celebrated on January 1st, with the event occurring each year without revisions, as it denotes a fixed date.
Why Do Traders Care?
Traders observe New Year's Day as an indicator of sentiment that can influence retail sales reports and consumer spending behaviors in the subsequent months. A strong consumer engagement during this period may signal positive economic conditions, potentially impacting currencies and equities positively, while subdued activity can raise caution among investors.
What Is It Derived From?
New Year's Day itself is not derived from a calculated report; however, the economic implications associated with it stem from historical data showing spending trends and their correlation with consumer confidence. Although it is a fixed holiday, the data on consumer behavior often utilized for analysis comes from purchasing surveys and retail performance measures collected during this festive season.
Description
As a public holiday, New Year's Day does not have preliminary or final report distinctions but serves as a backdrop against which consumer confidence and economic conditions can be gauged for the new year. Its relevant connections typically involve retail sales figures that emerge after the holiday period, allowing for analysis of consumer spending trends.
Additional Notes
While New Year's Day functions as an observance rather than a direct economic measure, its timing and the consumer behaviors associated with it can provide insights into subsequent economic activities and trends. It is often viewed as a coincident indicator, reflecting immediate consumer sentiment and potentially influencing broader economic data released in January, such as consumer confidence indices.

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
Jan 02, 2023
 
  
Jan 01, 2019
 
  
Jan 01, 2018
 
  
Jan 01, 2017
 
  
Jan 01, 2016