Gross domestic product. UK, 08:00 (GMT+2) 31 Mar

31Mar.202307:00

Gross domestic product. UK, 08:00 (GMT+2)

At 08:00 (GMT+2), January data on the UK's gross domestic product (GDP) for the fourth quarter of 2022, the main indicator reflecting the state of the national economy, will be released. It takes into account domestic consumption, investment, government spending, and exports. It is expected that the indicator will grow from 0.2% to 0.4% YoY and remain at –0.2% QoQ.

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31 Mar. 2023 07:00

Retail sales. Germany, 08:00 (GMT+2)

At 08:00 (GMT+2), Germany will release February data on retail sales. The indicator records the number of all goods sold by retailers monthly, 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 the gross domestic product. It is expected that it will correct from –0.3% to 0.5% MoM and from –6.9% to –6.1% MoM, which may positively affect the position of the euro.

31 Mar. 2023 10:00

Consumer price index. EU, 11:00 (GMT+2)

At 11:00 (GMT+2), March data on the consumer price index in the euro area will be released. It is the main indicator of inflation in the region and determines the change in retail prices for a certain “basket” of goods and services: food, transport, utilities, and healthcare, having a significant impact on the decisions of the authorities on monetary policy. The CPI is expected to correct from 8.5% to 7.1%.

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