Here are some of the important economic data that will be the focus of the market throughout this week.
TUESDAY (20 May 2025)
RBA Policy Meeting (12.30 PM) – The Australian central bank is expected to cut interest rates by 25 basis points at its latest meeting from 4.10% previously to 3.85%. The governor's dovish follow-up speech will put pressure on the Aussie dollar.
Canadian Inflation Data (8.30 PM) – The market expects a slow increase in the latest Canadian inflation rate for April. Investors remain on the lookout for price pressures on the Canadian economy facing Trump's tariffs.
WEDNESDAY (21 May 2025)
UK Inflation Data (2.00 PM) – After falling to 2.6% in the previous month, the UK annual inflation rate is expected to rebound to 3.3% for the April reading. The global tariff situation is likely to start to show an impact on prices.
THURSDAY (22 May 2025)
German Manufacturing & Services PMI (3.30 PM) – A slow increase is expected for the latest German PMI reading for May. Remaining below the 50 mark maintains a contraction signal for both key sectors.
UK Manufacturing & Services PMI (4.30 PM) – The UK PMI is also expected to increase slowly, but the services sector is forecast to break above the 50 mark, indicating a good sign of expansion.
US Manufacturing & Services PMI (9.45 PM) – The US PMI data is expected to be gloomy following several key economic data releases last week. Both sectors are likely to post lower numbers as pressure on the world’s largest economy remains high.
FRIDAY (23 May 2025)
UK Retail Sales Data (2.00 PM) – UK retail sales for April are expected to be unchanged from the previous month at 0.4%.
Canadian Retail Sales Data (8.30 PM) – Canada is expected to record a decline in retail sales figures for March along with core data readings.
