Australia Easter Monday

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History

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Impact:

Low

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Date:

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What Does It Measure?

Easter Monday is a public holiday in Australia that measures consumer activity by observing changes in retail sales, leisure spending, and travel as it typically follows Easter Sunday. Its primary focus is on consumer behavior during a holiday period, assessing key areas of economic activity such as family outings, shopping spending, and tourism, which collectively can indicate broader economic health.

Frequency

Easter Monday is observed annually, and while specific economic indicators relating to the holiday might be reported on a monthly or quarterly basis, its effects on retail and services can be analyzed through data collected around the holiday's occurrence.

Why Do Traders Care?

Traders care about Easter Monday as it can affect retail sales figures and consumer spending trends, which in turn influence corporate earnings and stock valuations. Strong consumer activity on this holiday may signal economic vitality, potentially impacting Australian dollar performance and investor sentiment in equities tied to consumer goods.

What Is It Derived From?

The insights generated around Easter Monday are derived from consumer spending reports and retail surveys that assess the impact of public holidays on industry performance. Data is collected through surveys of retailers, public transport activities, and tourism-related businesses to gauge the overall economic impact of the holiday.

Description

Easter Monday leads to increased consumer spending and leisure activities, serving as a measure of the Australian public's discretionary spending habits during holiday periods. The preliminary data on spending trends is particularly influential, with markets reacting to estimates of retail sales growth and economic participation, while final reports provide a more accurate but delayed reflection of these activities.

Additional Notes

Easter Monday can be seen as a coincident economic indicator, reflecting current consumer sentiment, and it often correlates with longer-term trends in consumer confidence and spending. It is related to other seasonal retail activities, illustrating how holidays can boost sales in comparison to non-holiday periods and highlighting broader economic trends in the services sector.

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