Germany Repentance Day

Info

History

Chart

Impact:

Low

Next Release:

Date:

Period:

What Does It Measure?

Germany's Repentance Day (Buß- und Bettag) is primarily a day of religious observance and reflection rather than an economic indicator. However, it has implications for economic activity, particularly concerning time off work and its impact on productivity, consumer spending, and public services, assessing the socio-economic climate indirectly through aspects like employment rates and public sentiment.

Frequency

Repentance Day is observed annually, typically occurring on the Wednesday before the last Sunday of the church year, which is usually in November, with the holiday's status as a public holiday subject to regional variations.

Why Do Traders Care?

While not a direct economic indicator, Repentance Day can influence local economic activity due to reduced workforce participation and spending patterns in the retail and service sectors. Traders might monitor its societal impact as it relates to consumer behavior around the holiday, affecting short-term market sentiments and forecasts.

What Is It Derived From?

Repentance Day is derived from historical church traditions in Germany, and while there is no formal calculation or survey related to its economic impact, its observance leads to various anecdotal assessments of economic effects such as productivity loss and alterations in consumer behavior around this time. Data regarding employee attendance and spending trends during the holiday may be collected through retail sales analyses.

Description

Repentance Day affects individuals and businesses through its observance as a public holiday, potentially leading to decreased consumer activity in several sectors. This day serves more as a reflection of societal values and its influence on the economy is felt indirectly through changes in work schedules and spending, rather than through quantifiable metrics typical of economic reports.

Additional Notes

Repentance Day can be viewed as a coincident economic measure since its effects may correspond with broader economic trends, especially during periods of economic strain or growth. Its implications may align with similar observances in other European nations that may affect cross-border consumer interactions and regional economic dynamics.

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