Switzerland Ascension Day

Info

History

Chart

Impact:

Low

Next Release:

Forecast:

Period: May 2016

What Does It Measure?

Ascension Day in Switzerland is a public holiday that marks the Christian celebration of the ascension of Jesus into heaven, recognized 40 days after Easter. While it does not serve as a formal economic indicator, it can reflect consumer behavior and general economic activity surrounding holidays, influencing sectors like retail, travel, and hospitality.

Frequency

Ascension Day occurs annually, typically celebrated on a Thursday, 40 days after Easter, and its timing varies based on the lunar calendar.

Why Do Traders Care?

Though Ascension Day itself is not an economic indicator, traders may observe its impact on consumer spending patterns during holiday periods, potentially influencing seasonal sales in various sectors. Furthermore, understanding such holidays can assist in forecasting labor availability and market activities, providing insights into short-term economic shifts.

What Is It Derived From?

Ascension Day is derived from religious traditions and its timing is based on ecclesiastical calendar rules that correlate to Easter, with no specific economic data collection involved. The holiday's influence on economic activity can be indirectly measured through retail sales reports or tourism data for the period surrounding the holiday.

Description

Ascension Day serves primarily as a cultural and observance event rather than a quantifiable economic report. Nevertheless, its observance can lead to fluctuations in labor performance, consumer spending, and overall economic interactions, particularly in industries that cater to holiday celebrations.

Additional Notes

Ascension Day is often categorized as a regional holiday, with varying observances across different Swiss cantons; its occurrence may coincide with other public holidays, thereby amplifying its effects on local economies. While not directly an economic indicator, it can hint at broader economic trends such as consumer sentiment during holiday seasons or seasonal employment fluctuations.

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