China CNY

China National Day

Info

History

Chart

Impact:

Low

Latest Release:

Date:

Actual:

Forecast:

Previous/Revision:

Period:

What Does It Measure?

China National Day does not measure an economic indicator per se, but it symbolizes significant national pride and can influence economic activities, particularly consumer spending. It directly affects tourism, retail performance, and public sentiment during the first week of October, while also impacting key indicators such as domestic consumption and national economic performance.

Frequency

China National Day occurs annually on October 1st and is typically celebrated with a series of events and holidays lasting up to a week, known as the "Golden Week."

Why Do Traders Care?

Traders pay attention to China National Day due to its potential influence on consumer spending patterns and economic activity in the fourth quarter. Increased retail sales and tourism during this period can signal economic strength, impacting market perceptions of China's economic performance and affecting commodities and currencies linked to Chinese demand.

What Is It Derived From?

The significance of China National Day is derived from its historical context, commemorating the founding of the People's Republic of China in 1949. It is celebrated through various events and activities that encourage domestic tourism and consumer spending, reflecting public sentiment and national pride.

Description

China National Day serves as a coincident economic measure, indicating shifts in consumer behavior and national economic sentiment during a key holiday period. As the holiday promotes increased travel and spending, it can provide insights into consumer confidence, which is vital for economic planning and forecasting.

Additional Notes

China National Day can be compared to other public holidays around the world that also stimulate local economies, such as Independence Day in the United States or Golden Week in Japan. Its impact on economic indicators such as retail sales and tourism helps to assess broader economic trends and shifts in consumer behavior.

Bullish or Bearish for Currency and Stocks

Impact around China National Day can be bullish for the Chinese Yuan and stocks, particularly if retail sales exceeding expectations indicate strong consumer confidence and economic growth during the holiday period.

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
Oct 01, 2022
Oct 01, 2021
Oct 08, 2020
Oct 07, 2020
Oct 06, 2020
Oct 05, 2020
Oct 04, 2020
Oct 03, 2020
Oct 02, 2020
Oct 01, 2020
Oct 07, 2019
Oct 04, 2019
Oct 03, 2019
Oct 02, 2019
Oct 01, 2019
Oct 05, 2018
Oct 04, 2018
Oct 03, 2018
Oct 02, 2018
Oct 01, 2018
Oct 06, 2017
Oct 05, 2017
Oct 03, 2017
Oct 02, 2017
Oct 01, 2017
Oct 07, 2016
Oct 06, 2016
Oct 05, 2016
Oct 04, 2016
Oct 03, 2016
Oct 02, 2016
Oct 07, 2015
Oct 06, 2015
Oct 05, 2015
Oct 04, 2015
Oct 03, 2015
Oct 02, 2015
Oct 01, 2015