IFO business climate. Germany, 10:00 (GMT+2) 27 Mar

27Mar.202309:00

IFO business climate. Germany, 10:00 (GMT+2)

At 10:00 (GMT+2), the German March business climate index from the Institute for Economic Research (IFO) will be published, based on a survey of 7.0K heads of manufacturing, construction, wholesale, and retail trade enterprises. The index is expected to correct from 91.1 points to 90.9 points.

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27 Mar. 2023 09:00

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

At 10:00 (GMT+2), the March index of business expectations in Germany will be published, which measures business sentiment and business conditions in the country through a survey of representatives of 7.0K companies. It is expected that in March the value will decrease from the current 88.5 points to 87.9 points, which may put pressure on the position of the European currency.

27 Mar. 2023 09:00

M3 money supply. EU, 10:00 (GMT+2)

At 10:00 (GMT+2), February data on the M3 money supply aggregate in the euro area will be published. The indicator measures the value of all foreign exchange and liquid monetary assets in the hands of the population and is an important indicator of inflation in the country, the growth of which may lead to higher interest rates by financial regulators. The value is expected to decrease from 3.5% to 3.2% YoY.

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