Retail sales. Japan, 01:50 (GMT+2) 28 Feb

28Feb.202300:50

Retail sales. Japan, 01:50 (GMT+2)

At 01:50 (GMT+2), January retail sales data will be released in Japan. The indicator records the volume of all goods sold by retailers based on a sample of retail stores of various types and sizes. It is an important indicator of consumer spending and has a significant impact on gross domestic product (GDP). It is expected that the indicator will grow from 3.8% to 4.0% YoY. Implementation of the forecast may support the yen.

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28 Feb. 2023 00:50

Industrial production. Japan, 01:50 (GMT+2)

At 01:50 (GMT+2) in Japan, January data on industrial production will be published. The indicator captures the change in the volume of output of industrial goods and utilities in the country. Its calculation consideres the manufacturing and mining industries, as well as the electric power industry. It is expected that in January the value will decrease from 0.3% to –2.6%, which, in turn, may put pressure on the position of the yen.

28 Feb. 2023 01:30

Retail sales. Australia, 02:30 (GMT+2)

At 02:30 (GMT+2), Australia will release January retail sales data. The indicator captures the volume of all goods sold by retailers, based on a sample of stores of different types and sizes. It is an important indicator of consumer spending and has a significant impact on gross domestic product (GDP). A correction is expected from –3.9% to 1.2%, which, in turn, may support the quotes of the Australian currency.

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