Ifo Business Climate Index. Germany, 10:00 (GMT+2) 27 May

27May.202409:00

Ifo Business Climate Index. Germany, 10:00 (GMT+2)

At 10:00 (GMT+2), the May Ifo Business Climate Index for Germany from the Institute for Economic Research will be published, based on a survey of the CEOs of 7.0K enterprises in the manufacturing industry, the construction sector, wholesale and retail trade. A correction of the value from 89.4 points to 88.9 points is expected, which, in turn, may negatively affect the positions of the European currency.

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27 May. 2024 09:00

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

At 10:00 (GMT+2), the May Business Expectations Index for Germany will be published, which measures business sentiment and business conditions in the country through a survey of representatives of 7.0 thousand companies. It is projected to decrease from the current 89.9 points to 88.9 points, which, in turn, may put pressure on the euro exchange rate.

28 May. 2024 02:30

Retail sales. Australia, 03:30 (GMT+2)

At 03:30 (GMT+2) in Australia, April data on retail sales is due – a key indicator of consumer spending, which has a significant impact on the country’s gross domestic product (GDP). The indicator records the monthly volume of all goods retailers sold, based on a sample of stores of different types and sizes. A correction in the value is expected from −0.4% to 0.3% MoM, supporting the Australian dollar.

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