Gross Domestic Product. Germany, 10:00 (GMT+2) 25 Aug

25Aug.202209:00

Gross Domestic Product. Germany, 10:00 (GMT+2)

At 10:00 (GMT+2), the Q2 data on Germany's gross domestic product for the second quarter of this year will be released. It is the main indicator reflecting the state of the national economy and considers domestic consumption, investment, government spending, and exports. The German economy is expected to decline from 0.2% to 0.0% QoQ and remain at 1.5% YoY.

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25 Aug. 2022 00:00

Retail Sales. New Zealand, 00:45 (GMT+2)

At 00:45 (GMT+2) in New Zealand, data on retail sales for the second quarter of this year will be released. The indicator captures the volume of all goods sold by retailers on a monthly basis, based on a sample of retail stores of various types and sizes. It is an important indicator of consumer spending and significantly impacts the gross domestic product. Q2 sales are expected to correct from –0.5% to 1.7%. The implementation of the forecast may support the New Zealand dollar.

25 Aug. 2022 09:00

Business Expectations. Germany, 10:00 (GMT+2)

At 10:00 (GMT+2), the August German Business Expectations Index will be released, which measures business sentiment and business conditions in the country through a survey of representatives of 7K companies. It is predicted that the value will decrease in August from 80.3 points to 79.0 points. Implementation of the forecast may pressure the quotes of the European currency.

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