Switzerland CHF

Switzerland Whit Monday

Impact:
Low

Next Release:

Date:
Period:
What Does It Measure?
Whit Monday, known as Pentecost Monday, measures the observance and economic impact of a public holiday in Switzerland. This day primarily focuses on consumer behavior, spending patterns, and productivity levels, as many businesses are closed, thus affecting economic activities.
Frequency
Whit Monday is observed annually, with its date varying each year since it is associated with the Christian celebration of Pentecost, occurring 50 days after Easter.
Why Do Traders Care?
Traders care about Whit Monday as it can influence retail sales and consumer spending data for that month, thereby providing insights into the economic health and consumer sentiment. Significant changes in spending can affect currency valuation and stock market performance in the region.
What Is It Derived From?
Whit Monday's economic impact is derived from consumer spending patterns and labor market participation on this public holiday. It is not a formally reported economic indicator but serves as a qualitative reflection of consumer sentiment during a holiday period when many retailers and service providers may experience fluctuations in business activity.
Description
As a public holiday, Whit Monday results in decreased consumer activity and productivity, which may lead to lower-than-average economic output for that day. Although it does not directly generate quantitative data like other economic indicators, it reflects broader patterns of seasonal or holiday-related economic behavior within Switzerland.
Additional Notes
Whit Monday can be compared to other holiday observances and their respective effects on the local economy, often considered a lagging indicator of economic trends as spending behavior may reflect past economic conditions. Understanding the impact of holidays like Whit Monday can aid traders in assessing ongoing economic conditions in Switzerland, especially in relation to similar observances in other regions.
Bullish or Bearish for Currency and Stocks
This section is not applicable to Whit Monday as it does not produce quantifiable forecasts or actual vs. expected values relevant to currency or stock performance.

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