Germany EUR

Germany Ascension Day

Impact:
Low

Next Release:

Date:
Period:
What Does It Measure?
Germany's Ascension Day does not measure specific economic indicators but serves as a public holiday that can impact economic activities and productivity. It highlights the focus on religious observance and its effect on social behaviors, with key areas of interest including consumer spending and labor market performance, as many businesses temporarily close.
Frequency
Ascension Day is celebrated annually, occurring 40 days after Easter, and it is a fixed holiday without preliminary or final reports due to its nature as a public observance.
Why Do Traders Care?
Traders monitor Ascension Day as its observance can influence short-term economic activity in Germany, potentially affecting sectors such as retail and transportation. A decline in economic productivity or consumer spending during this period can be seen as a bearish signal for growth forecasts.
What Is It Derived From?
Ascension Day is derived from Christian tradition, marking the ascension of Jesus into heaven, and it reflects cultural practices that have implications for the economy, such as reduced labor force participation and altered consumer behaviors during the holiday. The event’s designation as a public holiday is established by regional laws within Germany, influencing economic activity on a national level.
Description
Ascension Day, as a public holiday, leads to various changes in consumer behavior and business operations, affecting economic output for that day. While it does not have conventional economic data associated with it, the observance illustrates cultural practices that can translate into economic indicators such as retail sales and tourism during the associated holiday period.
Additional Notes
Ascension Day is a coincident economic measure within the broader context of Germany's religious and public holidays, reflecting seasonal changes in economic activity. Its influence on consumer spending often aligns with other holiday observances, making it relevant for analysts tracking economic trends in the region.
Bullish or Bearish for Currency and Stocks
N/A

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