IFO business climate. Germany, 10:00 (GMT+2) 25 Oct

25Oct.202309:00

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

At 10:00 (GMT+2), the October German business climate index from the Institute for Economic Research (IFO), based on a survey of managers of 7.0K enterprises in the manufacturing industry, construction sector, wholesale and retail trade, will be published. The value is expected to increase from 85.7 points to 85.9 points, supporting the euro.

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25 Oct. 2023 09:00

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

At 10:00 (GMT+2), the October German business expectations index will be published, which measures business sentiment and business conditions in the country through a survey of representatives of 7.0K companies. An increase is predicted from 82.9 points to 83.3 points, supporting the euro.

25 Oct. 2023 09:00

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

At 10:00 (GMT+2), September data on the M3 money supply aggregate in the EU will be published. The indicator measures the value of all foreign currency 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 negative dynamics may accelerate from −1.3% to −1.7% YoY.

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