Business expectations. Germany, 11:00 (GMT+2) 22 Mar

22Mar.202410:00

Business expectations. Germany, 11:00 (GMT+2)

At 11:00 (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. An increase is predicted from the current 84.1 points to 84.6 points, supporting the euro.

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22 Mar. 2024 08:00

Retail sales. UK, 09:00 (GMT+2)

At 09:00 (GMT+2), February data on retail sales will be published in the UK. The indicator monthly records the volume of all goods sold by retailers. It is calculated based on samples of retail stores of different types and sizes. It is an important indicator of consumer spending and has a significant impact on gross domestic product (GDP). The figure is expected to adjust from 3.4% to –0.3% MoM and from 0.7% to –0.8% YoY, while the core figure is likely to fall from 3.2% to −0.1% MoM and from 0.7% to −0.9% YoY, putting pressure on the pound.

22 Mar. 2024 10:00

IFO business climate. Germany, 11:00 (GMT+2)

At 11:00 (GMT+2), the March 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 85.5 points to 85.9 points, supporting the euro.

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