KOF Leading Indicator. Switzerland, 10:00 (GMT+2) 29 Nov

29Nov.202409:00

KOF Leading Indicator. Switzerland, 10:00 (GMT+2)

At 10:00 (GMT+2) Switzerland will publish the November index of Leading Economic Indicators from KOF, which takes into account 12 indicators of the national economy related to consumer confidence, manufacturing, new orders and the real estate market, and reflects the development outlook for the next six months. A correction from 99.5 points to 105.1 points is predicted, which could support the franc exchange rate.

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29 Nov. 2024 08:00

Retail Sales. Germany, 09:00 (GMT+2)

German Retail Sales data for October is due at 09:00 (GMT+2). Retail Sales indicator measures the change in the total value of inflation-adjusted sales at the retail level, excluding automobiles and gas stations. It is the primary indicator of consumer spending, which influences the Gross Domestic Product (GDP). On a monthly basis, it is likely to decline from 1.2% to –0.5%, which could have a negative impact on the euro's positions.

29 Nov. 2024 09:00

Gross Domestic Product. Switzerland, 10:00 (GMT+2)

At 10:00 (GMT+2), Switzerland's Gross Domestic Product (GDP) data for the third quarter of 2024 will be published. This is the main indicator reflecting the state of the national economy. It takes into account domestic consumption, investment, government spending and exports. The quarterly rate is expected to decline from 0.7% to 0.4%.

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