France Good Friday

Info

History

Chart

Impact:

Low

Next Release:

Date:

Period:

What Does It Measure?

France Good Friday itself is recognized as a religious and public holiday, thus it does not measure any specific economic indicator. However, its observance can influence economic activity by affecting production, retail, and service sectors as businesses may close or reduce hours, leading to variances in economic output during this time.

Frequency

Good Friday occurs annually, with the date of observance changing each year based on the Christian calendar, typically falling between March 20 and April 23.

Why Do Traders Care?

Traders may monitor Good Friday’s impact on economic activity, as a reduction in business operations can lead to short-term fluctuations in retail sales and industrial output. While it does not directly affect financial markets, understanding such holidays can aid in forecasting consumer behavior and market trends during the holiday season.

What Is It Derived From?

The observance of Good Friday is derived from religious traditions observed by Christian communities, and refers to the commemoration of the crucifixion of Jesus Christ. Its influence on economic activities is assessed through historical patterns in consumer spending and business operations during similar holidays.

Description

Good Friday leads to a temporary impact on various sectors of the economy due to altered consumer behavior and business hours, which typically results in a decrease in economic activity compared to standard operating days. This holiday can serve as a coincident indicator, reflecting changes in consumer habits and business cycles depending on its timing in relation to Easter and the proximity of other public holidays.

Additional Notes

Good Friday is particularly observed in regions with a significant Christian population, which means its economic effects might be more pronounced in communities where consumer activity aligns with religious observance. This aspect can also correlate with broader seasonal economic trends, especially around Easter, influencing retail and service industries locally and regionally.

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