Gross domestic product. Switzerland, 09:00 (GMT+2) 30 May

30May.202308:00

Gross domestic product. Switzerland, 09:00 (GMT+2)

At 09:00 (GMT+2), Swiss Q1 gross domestic product (GDP) data will be released. It is the main indicator reflecting the state of the national economy. It considers domestic consumption, investment, government spending and exports. The rate is expected to rise from 0.0% to 0.1% QoQ.

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30 May. 2023 01:30

Building permits. Australia, 02:30 (GMT+2)

At 02:30 (GMT+2), Australia will publish April data on building permits issued. The indicator monthly captures the change in the number of applications for the construction of real estate approved by the government, and is one of the most important indicators of the sector. Growth is predicted from –0.1% to 2.0% MoM, which, in turn, may support the Australian dollar.

30 May. 2023 10:00

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

At 11:00 (GMT+2), May 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 assess the prospects for the economy. It is a leading indicator for consumer spending and high readings indicate consumer optimism and vice versa. It is expected that in May the indicator will correct from –17.4 points to –17.5 points. Implementation of the forecast may still put pressure on the position of the Euro.

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