Business Climate Index from the Institute for Economic Research (IFO). Germany, 10:00 (GMT+2) 22 May

22May.202609:00

Business Climate Index from the Institute for Economic Research (IFO). Germany, 10:00 (GMT+2)

At 10:00 (GMT+2), the German Institute for Economic Research (IFO) will publish its May Business Climate Index. It is based on a survey of 7.0K managers in the manufacturing, construction, wholesale and retail sectors and assesses overall investor sentiment in the reporting month. The indicator is likely to decline from 84.4 points to 84.0 points, putting pressure on the euro.

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22 May. 2026 09:00

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

At 10:00 (GMT+2), the German Institute for Economic Research (IFO) will publish its May Business Expectations Index. The index is based on a survey of 7.0K managers in the manufacturing, construction, wholesale and retail sectors and assesses expectations for the next six months. If the indicator declines from 83.3 points, this is expected to exert downward pressure on the euro exchange rate.

22 May. 2026 13:30

Retail Sales. Canada, 14:30 (GMT+2)

At 14:30 (GMT+2), Canada will release March retail sales data — a measure that tracks the volume of all goods sold by retailers each month, based on a sample of stores of different types and sizes. It is an important indicator of consumer spending, which has a significant impact on gross domestic product (GDP). It is expected to adjust from 0.7% to 0.6% MoM, and the base indicator from 0.5% to 0.9%.

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