France EUR

France Whit Monday

Impact:
Low

Next Release:

Date:
Period:
What Does It Measure?
Whit Monday is a public holiday in France that measures its cultural and socio-economic impact rather than specific economic indicators such as production, employment, or inflation. The primary focus is on consumer behavior, retail spending, and leisure activities during the holiday period, which can influence regional economic dynamics.
Frequency
Whit Monday occurs annually, celebrated on the Monday following Pentecost, and there are no preliminary or final figures released for this holiday as it is not a traditional economic report. It generally falls in late May or early June.
Why Do Traders Care?
Traders are interested in Whit Monday as it can impact retail sales and consumption patterns, particularly in regions with strong tourism or leisure sectors. An increase in consumer spending during this holiday can signal economic health, potentially affecting currencies and stocks linked to the consumer services sector.
What Is It Derived From?
Whit Monday does not derive from any statistical methodologies or surveys since it is mainly a cultural event. However, its effects on the economy can be gauged through tourism statistics, consumer behavior observations, and retail sales data collected during the holiday.
Description
Whit Monday serves as a significant cultural observance in France, and while it does not provide direct economic data like other indicators, its celebration can be reflective of seasonal spikes in consumer engagement and spending. As such, while there are no preliminary or final reports, anecdotal evidence and periodic retail sales reports can reveal market sentiment around this holiday.
Additional Notes
Whit Monday can contribute to a broader understanding of consumer trends in France, often considered a coincident indicator reflecting the overall health of the economy, especially in seasonal tourism and retail. Compared to other holidays, it may offer insights into consumer spending patterns that align with cultural festivities, contrasting with major national events that generate more robust economic data.

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