German GfK Consumer Sentiment

/German GfK Consumer Sentiment

august, 2019

28aug6:00 am6:00 amGerman GfK Consumer SentimentIMPACT: EURUSD & EUR CROSSES6:00 am - 6:00 am UTC Event Type :Medium ImpactTill the Data is Released!

Event Details

What is this event?

Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity.

Measures

Level of a diffusion index based on surveyed consumers.

Effect on Currency

‘Actual’ greater than ‘Forecast’ is good for the currency.

Frequency of event

Released monthly, usually on the last business day of the current month.

Source of Data

GfK NOP (latest release)

Time

(Wednesday) 6:00 am - 6:00 am

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