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Trade balance. Switzerland, 09:00 (GMT+2) 21 Feb

21Feb.202308:00

Trade balance. Switzerland, 09:00 (GMT+2)

At 09:00 (GMT+2), the January data on the trade balance in Switzerland will be published. This indicator captures the difference between the amount of payments for exported and imported goods. Its increase is a positive factor for the Swiss currency. If the growth of the indicator from the current 2.827B francs continues, this may support the national currency of Switzerland.

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Consumer confidence index. EU, 17:00 (GMT+2)
20 Feb. 2023 16:00
Consumer confidence index. EU, 17:00 (GMT+2)

At 17:00 (GMT+2), February data on the consumer confidence index in the euro area will be published. The indicator is calculated based on a survey of 2.3K households that assesses the economic prospects. It is a leading indicator for consumer spending: high readings indicate consumer optimism and vice versa. The negative dynamics are forecast to continue from –20.9 points to –18.3 points, likely to pressure the positions of the single European currency.

Manufacturing and service PMI. Germany, 10:30 (GMT+2)
21 Feb. 2023 09:30
Manufacturing and service PMI. Germany, 10:30 (GMT+2)

At 10:30 (GMT+2), the February data on business activity indices in Germany's manufacturing and service sectors will be released. The indicators reflect the state of business activity in the national manufacturing and service industries and are calculated based on a survey of purchasing and supply managers of leading national enterprises while assessing the attitude of purchasing and supply managers to the current economic situation and the prospects for its further development. It is expected that the index in the manufacturing sector will grow from 47.3 points to 47.8 points and in the service sector – from 50.7 points to 51.0 points.

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