Euro Area Economic Calendar

Economy of Euro Area

The eurozone, often known as the euro area, is a geographical and economic territory comprised of European Union member states that have adopted the Euro as their official currency.

In 1998 with the official launch of the Euro, the Eurozone came into being.

On January 1st, 2002, the physical Euro banknotes and coins were introduced, after a brief transition period, all their pre-euro national coins and banknotes were withdrawn from circulation and rendered invalid.

As of 2023, the Eurozone is formed of 19 European Union countries: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, and Spain.

The Eurozone is one of the biggest economic areas in the world, and the Euro is thought to be one of the most liquid currencies.

Not all EU countries are part of the Eurozone for different reasons. Some countries in the EU haven't yet met the requirements to join the Eurozone. Other countries choose to use their own currency so they can stay financially independent when it comes to important economic and monetary issues.

Even though some countries are not part of the EU, they have made the euro their national currency. The EU has monetary agreements with Vatican City, Andorra, Monaco, and San Marino that give them the right to issue their own euro currency, as long as they follow certain regulations.

Bank of Euro Area

The European Central Bank (ECB) and the Eurosystem, which consists of the ECB and the central banks of the EU states that have joined the eurozone, coordinate the monetary policy of all nations in the eurozone. The ECB has the authority to sanction the design and issuing of euro banknotes and coins.

All EU members are a part of the European System of Central Banks (ESCB), but non-member governments, including those with monetary agreements like Monaco, have no voice in any of the three organizations.

Interest Rate of Euro Area

The European Central Bank's Governing Council determines the benchmark Interest Rate for the Eurozone, which is the rate of the principal refinancing operations. The primary objective of the ECB's monetary policy is to maintain price stability over the medium term, which includes keeping inflation below but near 2%.

Euro Area Economic Calendar

Mar 28, 08:30
41 min
EUR ECB Guindos Speech
High
Mar 28, 10:00
2h 11min
EUR Consumer Inflation Expectations (Mar)
Low
21.1
19
Mar 28, 10:00
2h 11min
EUR Selling Price Expectations (Mar)
Low
9.8
9.1
Mar 28, 10:00
2h 11min
EUR Consumer Confidence (Mar)
Medium
-13.6
-14.5
Mar 28, 10:00
2h 11min
EUR Industrial Sentiment (Mar)
Low
-11.4
-10.5
Mar 28, 10:00
2h 11min
EUR Services Sentiment (Mar)
Low
6.2
6.8
Mar 28, 10:00
2h 11min
EUR Economic Sentiment (Mar)
Medium
96.3
97
Apr 01, 08:00
4 days
EUR HCOB Manufacturing PMI (Mar)
High
47.6
48.7
Apr 01, 09:00
4 days
EUR CPI (Mar)
High
127.26
127.9
Apr 01, 09:00
4 days
EUR Core Inflation Rate YoY (Mar)
Medium
2.6%
2.6%
Apr 01, 09:00
4 days
EUR Inflation Rate YoY (Mar)
High
2.3%
2.1%
Apr 01, 09:00
4 days
EUR Unemployment Rate (Feb)
High
6.2%
6.3%
Apr 01, 09:00
4 days
EUR Inflation Rate MoM (Mar)
Medium
0.4%
0.6%
Apr 02, 08:00
5 days
EUR ECB Consumer Inflation Expectations (Feb)
Low
2.6%
2.8%
Apr 03, 08:00
6 days
EUR HCOB Services PMI (Mar)
High
50.6
50.4
Apr 03, 08:00
6 days
EUR HCOB Composite PMI (Mar)
Medium
50.2
50.4
Apr 03, 09:00
6 days
EUR PPI YoY (Feb)
Low
1.8%
3.4%
Apr 03, 09:00
6 days
EUR PPI MoM (Feb)
Low
0.8%
0.5%
Apr 04, 07:30
6 days
EUR HCOB Construction PMI (Mar)
Low
42.7
45.1
Apr 07, 09:00
10 days
EUR Retail Sales MoM (Feb)
High
-0.3%
0.6%
Apr 07, 09:00
10 days
EUR Retail Sales YoY (Feb)
High
1.5%
2.1%
Apr 11, 00:00
13 days
EUR Eurogroup Meeting
Low
Apr 11, 00:00
13 days
EUR ECOFIN Meeting
Low
Apr 15, 09:00
18 days
EUR ZEW Economic Sentiment Index (Apr)
Medium
Apr 15, 09:00
18 days
EUR Industrial Production MoM (Feb)
Medium
0.1
Apr 15, 09:00
18 days
EUR Industrial Production YoY (Feb)
Low
Apr 16, 08:00
19 days
EUR Current Account (Feb)
Low
Apr 16, 08:00
19 days
EUR Current Account s.a (Feb)
Low
Apr 16, 09:00
19 days
EUR Inflation Rate YoY (Mar)
Medium
2.2
Apr 16, 09:00
19 days
EUR CPI (Mar)
High
128.1
Apr 16, 09:00
19 days
EUR Core Inflation Rate YoY (Mar)
Low
Apr 16, 09:00
19 days
EUR Inflation Rate MoM (Mar)
Low
Apr 17, 12:15
20 days
EUR Marginal Lending Rate
Low
Apr 17, 12:15
20 days
EUR Deposit Facility Rate
High
Apr 17, 12:15
20 days
EUR ECB Interest Rate Decision
High
Apr 17, 12:45
20 days
EUR ECB Press Conference
High
Apr 22, 09:00
25 days
EUR Government Debt to GDP (2024)
Medium
87.4%
87.8%
Apr 22, 09:00
25 days
EUR Government Budget to GDP (2024)
Medium
-3.6%
-3.2%
Apr 22, 14:00
25 days
EUR Consumer Confidence (Apr)
Medium
Apr 23, 08:00
26 days
EUR HCOB Services PMI (Apr)
High
Apr 23, 08:00
26 days
EUR HCOB Composite PMI (Apr)
Medium
Apr 23, 08:00
26 days
EUR HCOB Manufacturing PMI (Apr)
High
46.8
Apr 23, 09:00
26 days
EUR Balance of Trade (Feb)
Medium
Apr 23, 09:00
26 days
EUR Construction Output YoY (Feb)
Low
Apr 25, 08:00
28 days
EUR ECB Consumer Inflation Expectations (Mar)
Low
2.9

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