Italy New Year's Eve

Info

History

Chart

Impact:

Low

Next Release:

Date:

Period:

What Does It Measure?

Italy's New Year's Eve, while primarily a cultural event, indirectly measures consumer sentiment and spending patterns as it marks a significant holiday period. It primarily focuses on consumer behavior, hospitality industry performance, and retail sales as people engage in celebrations, dining, and gift-giving.

Frequency

This cultural economic measurement occurs annually, generally around December 31st, measuring final reports of consumer spending during the holiday across various sectors.

Why Do Traders Care?

Traders keep an eye on the economic implications of New Year's Eve as increased consumer spending can positively influence the retail and hospitality sectors, thereby impacting stock prices and currency valuation. Strong holiday sales reports often bolster confidence in the economy, potentially leading to bullish trends in equities and consumer-related currencies.

What Is It Derived From?

Data related to New Year's Eve spending is derived from various sources including consumer surveys, retail sales reports, and financial performance statements from the hospitality industry. Additionally, data is often weighted based on population density and regional spending patterns to ensure accuracy.

Description

During New Year's Eve, consumer spending is typically reported through year-on-year comparisons, highlighting growth or decline from the previous year's holiday period. This report serves to inform analysts and traders about the economic health reflected by consumer habits during a significant time of celebration and expenditure.

Additional Notes

New Year's Eve spending trends serve as a coincident economic indicator, reflecting the immediate economic conditions within Italy and relative to other regions in Europe. The event can be compared with other holiday periods, such as Christmas, providing insights into overall consumer confidence and economic resilience.

Bullish or Bearish for Currency and Stocks

Higher than expected spending: Bullish for EUR, Bullish for Stocks.

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