Spain Christmas Day

Info

History

Chart

Impact:

Low

Next Release:

Date:

Period:

What Does It Measure?

Christmas Day in Spain, celebrated on December 25th, primarily gauges consumer behavior, economic activity related to holiday spending, and cultural observances. The event highlights key areas such as retail sales, hospitality sectors, and the impact on employment during the festive period.

Frequency

Christmas Day is observed annually on December 25th, with its economic implications assessed in preliminary holiday retail sales reports typically released in January.

Why Do Traders Care?

Traders monitor Christmas Day's impact on consumer spending trends, as higher retail sales can indicate stronger economic performance. This seasonal spending surge can drive bullish sentiment in the local stock market, particularly in retail and tourism sectors, and influence the Euro's value against other currencies.

What Is It Derived From?

The economic indicators around Christmas Day are derived from sales data collected by retailers, along with consumer surveys that analyze spending trends during the holiday season. The data includes a variety of respondent types, including consumers and retail managers, to ascertain overall holiday spending patterns.

Description

During the holiday season, economic indicators like retail sales figures, which represent the performance of various sectors, are released to evaluate the influence of Christmas on the economy. Preliminary reports detail initial spending estimates, while final reports provide a more accurate representation, reflecting adjustments based on more complete data over time. year-over-year (YoY) comparisons are often utilized to assess the impact of Christmas Day on retail trends, eliminating seasonal biases and revealing longer-term patterns.

Additional Notes

Christmas Day's economic significance lies not only in its direct impact on retail but also as a coincident indicator reflecting broader consumer confidence and economic health. The results from this period are often compared to sales figures from previous years, helping analysts understand evolving consumer behaviors and economic conditions.

Bullish or Bearish for Currency and Stocks

Higher than expected retail sales figures during Christmas Day would be considered bullish for the Euro and bullish for stocks, particularly in retail sectors, indicating robust consumer demand, while lower-than-expected results would imply a bearish sentiment for both the currency and stocks due to weak consumer activity.

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