Gross domestic product. Switzerland, 10:00 (GMT+2) 28 Feb

28Feb.202309:00

Gross domestic product. Switzerland, 10:00 (GMT+2)

At 10:00 (GMT+2), Q4 2022 Swiss gross domestic product (GDP) data will be released. It is the main indicator reflecting the state of the national economy. It takes into account domestic consumption, investment, government spending and exports. It is expected that, the indicator will increase from 0.2% to 0.3% QoQ and from 0.5% to 1.0% YoY.

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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.

28 Feb. 2023 09:00

KOF leading economic indicators. Switzerland, 10:00 (GMT+2)

At 10:00 (GMT+2), the February index of leading economic indicators from the Swiss Economic Institute (KOF) will be published, which takes into account 12 indicators related to consumer confidence, production, new orders and the real estate market, and also reflects the development outlook for the next six months. The value is predicted to grow from the current 97.2 points to 98.0 points, which may support the franc quotes.

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