Unemployment rate. Switzerland, 07:45 (GMT+2) 07 Sep

07Sep.202306:45

Unemployment rate. Switzerland, 07:45 (GMT+2)

At 07:45 (GMT+2), August data on the unemployment rate will be published in Switzerland. This indicator captures the percentage of the number of unemployed over 18 years of age to the total working-age population. Only registered unemployed persons are taken into account. The non-adjusted figure is expected to remain at 1.9%, and seasonally adjusted — from 2.1%.

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07 Sep. 2023 07:00

Industrial production. Germany, 08:00 (GMT+2)

At 08:00 (GMT+2) in Germany, July 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 considers the manufacturing and mining industries, as well as the electric power industry. The value is expected to correct to –0.2% from –1.5% a month earlier. The implementation of the forecast will act as a driver for the strengthening of the euro.

07 Sep. 2023 10:00

Employment change. EU, 11:00 (GMT+2)

At 11:00 (GMT+2) in the euro area, data on the change in employment for the second quarter of 2023 will be published. This indicator captures changes in the number of employed citizens and is a key indicator of the national labor market. It is expected that YoY, the indicator will correct from 1.6% to 1.5%, and from 0.6% to 0.2% QoQ, which, in turn, may put pressure on the position of the European currency.

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