Economic Calendar: 24 Mar-28Mar

Economic Calendar: Week of March 24 – March 28, 2025 (UTC+8)

This week’s economic calendar is packed with crucial indicators and speeches that could provide important clues about the health of the global economy. Traders and analysts should pay close attention to the various Purchasing Managers’ Index (PMI) releases from both the Eurozone and the UK, key speeches from central bankers, as well as consumer price data and GDP figures. Here’s a detailed breakdown of the week:

---

Monday, March 24

Eurozone PMI Data
A series of preliminary PMI releases from the HCOB for March are scheduled throughout the afternoon:

• 16:30 – HCOB Composite PMI (Mar) Prel:
  – Previous: 51.2
  – Consensus: 50.4

• 16:30 – HCOB Manufacturing PMI (Mar) Prel:
  – Previous: 47.7
  – Consensus: 46.5

• 16:30 – HCOB Services PMI (Mar) Prel:
  – Previous: 51.4
  – Consensus: 51.1

Additional data will be released at 17:00 with updates on composite, manufacturing, and services PMIs, with the composite PMI’s previous reading at 50.2, manufacturing at 47.6, and services at 50.6.

UK PMI Data
At 17:30, the UK will release its S&P Global/CIPS PMI data:

• Composite PMI (Mar) Prel:
  – Previous: 50.5

• Manufacturing PMI (Mar) Prel:
  – Previous: 47.3
  – Consensus: 46.9

• Services PMI (Mar) Prel:
  – Data pending further updates.

US PMI Data
Later in the day, the United States will report:

• 21:45 – S&P Global Manufacturing PMI (Mar) Prel:
  – Previous: 51.9
  – Consensus: 52.7

• 21:45 – S&P Global Services PMI (Mar) Prel:
  – Previous: 51.2
  – Consensus: 51.0

These PMI releases will provide insight into business activity and may signal shifts in economic momentum across these regions.

---

Tuesday, March 25

Central Bank Insights

• 02:00 – BoE Governor Bailey Speech (GBP):
  Governor Bailey of the Bank of England will address key issues affecting the UK’s economic outlook. Market participants will be closely watching for hints on future monetary policy actions.

---

Wednesday, March 26

UK Inflation Data
A series of Consumer Price Index (CPI) releases are scheduled, focusing on the UK:

• 15:00 – CPI (MoM) (Feb):
  – Previous: -0.1%

• 15:00 – CPI (YoY) (Feb):
  – Previous: 3.0%

• 15:00 – Core CPI (YoY) (Feb):
  – Previous: 3.6%
  – Consensus/Actual: 3.7%

These inflation figures will be important for assessing the persistence of inflationary pressures and could influence future policy decisions by the Bank of England.

---

Thursday, March 27

US GDP Update

• 20:30 – Gross Domestic Product Annualized (Q4) (USD):
  – Previous and Consensus: 2.3%

This quarterly GDP reading is a key indicator of economic growth in the United States. A reading consistent with expectations will support the current growth narrative, while any deviations may raise concerns.

---

Friday, March 28

Japanese Inflation Data
Tokyo’s inflation data will be released in the early morning:

• 07:30 – Tokyo Consumer Price Index (YoY) (Mar):
  – Previous: 2.9%

• 07:30 – Tokyo CPI ex Food, Energy (YoY) (Mar):
  – Previous: 2.2%

UK Economic Data
Later in the day, the UK will release additional GDP and retail sales figures:

• 15:00 – Gross Domestic Product (QoQ) (Q4):
  – Previous: 0.1%

• 15:00 – Gross Domestic Product (YoY) (Q4):
  – Previous: 1.4%

• 15:00 – Retail Sales (MoM) (Feb):
  – Previous: -0.3%
  – Actual/Consensus: 1.7%

These data points will help gauge consumer behavior and the overall economic health in the UK as the week closes.

---

Final Thoughts

This week’s economic calendar offers a diverse array of data, ranging from PMIs that shed light on business conditions, through pivotal inflation figures, to GDP updates and a central bank speech that could set the tone for future policy moves. Market participants should keep a close watch on these releases to adjust their trading strategies accordingly.

Stay informed and prepare for potential volatility as these events unfold.