Australia Queen’s Birthday

Info

History

Chart

Impact:

Low

Latest Release:

Date:

Actual:

Forecast:

Previous/Revision:

Period:

What Does It Measure?

The Queen’s Birthday holiday in Australia is not an economic indicator per se; rather, it measures the observance of a public holiday that affects economic activity, particularly in retail and service sectors, as businesses close or operate under reduced hours. This event influences consumption patterns, employment levels, and overall economic productivity during the holiday period.

Frequency

This public holiday is observed annually on the second Monday in June in most states and territories, though the date can vary in Western Australia and is thus scheduled annually.

Why Do Traders Care?

Traders monitor the Queen’s Birthday holiday as it is emblematic of broader consumer behaviors and economic activity, providing insight into retail sales and service sector performance during the holiday period. While the immediate effects may be minimal on financial markets, understanding consumer spending during such holidays can inform forecasts related to GDP growth and overall economic health.

What Is It Derived From?

The holiday is derived from the historical context of the British monarchy, specifically to honor the birthday of Queen Elizabeth II, and its observance leads to changes in economic activity such as reduced workplace productivity and shifts in consumer behavior. While specific surveys are not conducted for this holiday, anecdotal evidence and past sales data are often scrutinized to analyze its economic impact.

Description

The Queen’s Birthday holiday impacts various sectors, including retail, hospitality, and travel, typically resulting in increased spending in leisure activities and consumer goods, although it can also lead to temporary dips in usual productivity levels. Data reflecting economic performance during this holiday period, when available, would commonly be subject to comparisons with other public holidays and trends, revealing its influence on seasonal consumer patterns.

Additional Notes

This holiday can be seen as a coincident economic measure, reflecting current consumer sentiment and spending behavior during festive periods. It is also relevant in comparing the economic activity associated with other public holidays, offering insights into seasonal consumption trends.

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
Jun 13, 2022