Australia Family Day

Info

History

Chart

Impact:

Low

Next Release:

Date:

Period:

What Does It Measure?

Australia's Family Day primarily measures the engagement of families in leisure activities and community events, emphasizing social cohesion and the well-being of families. It assesses key areas such as family participation in community services, local tourism impacts, and related economic activities.

Frequency

Family Day occurs annually, typically celebrated on the second Monday of March, without any preliminary or final estimates since it is a fixed public holiday.

Why Do Traders Care?

Traders may care about Family Day as it can lead to increased consumer spending, particularly in retail, recreation, and tourism sectors, which can positively impact economic growth indicators. The holiday may influence market sentiment, as increased activity can bolster confidence in Australian economic stability.

What Is It Derived From?

Family Day observance is derived from governmental declarations and community initiatives aimed at promoting familial engagement and social activities, though it does not directly result from statistical calculations. Its impact is noted through related economic measures, such as consumer spending data collected from businesses and local events.

Description

Family Day reflects the significance of family units in contributing to societal and economic well-being in Australia. Although it does not produce direct economic data, the holiday leads to an uptick in activities such as dining out, traveling, and participating in community events, often resulting in measurable increases in local business revenues.

Additional Notes

Family Day serves as a coincident economic measure reflecting immediate consumer behavior patterns during the holiday period. This event can be compared to similar public holidays that typically enhance spending and local economic activities, contributing to broader economic patterns observed during festive seasons.

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