Italy All Saints Day

Info

History

Chart

Impact:

Low

Next Release:

Date:

Period:

What Does It Measure?

Italy's All Saints Day is a public holiday that marks a time of remembrance for all saints in the Christian faith. While not an economic indicator in traditional terms, its observance measures the socio-economic impact of public holidays on labor productivity, consumer spending, and retail activity within the country.

Frequency

All Saints Day is observed annually on November 1st, and the effects of this event may be analyzed in reports released in the following weeks, as businesses assess activities and economic impact post-holiday.

Why Do Traders Care?

Traders and economists may pay attention to All Saints Day as it can influence consumer behavior and spending patterns, thus impacting retail sales figures and broader economic assessments. Typically, stronger retail activity around holidays suggests a bullish outlook for economic growth, while lower sales could indicate economic contraction.

What Is It Derived From?

Data related to All Saints Day's impact on the economy is derived from various sources including retail sales surveys, business activity reports, and consumer sentiment indices that analyze spending trends during public holidays. The information is collected from a diverse sampling of retail outlets and consumer surveys across the country.

Description

While All Saints Day is primarily a cultural and religious occasion, it can indirectly affect economic performance through its impact on consumer spending and business operations. Several businesses may close their doors to observe the holiday, which influences labor participation and productivity metrics, thus altering the usual flow of economic activity in Italy.

Additional Notes

As a public holiday, All Saints Day is often considered a coincident economic measure, reflecting ongoing consumer and business sentiments at that time. This observance is also similar to other holidays in Europe in its impact on economic indicators, with potential observed effects on labor markets and retail sectors across the region.

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