Here are some of the important economic data that will be the focus of the market throughout this week.
MONDAY (July 21, 2025)
New Zealand Inflation Data (6.45 AM) – After the New Zealand central bank kept interest rates on hold at its July meeting, the consumer price index reading will be watched as the latest guide to the direction of monetary policy.
THURSDAY (July 24, 2025)
Germany Manufacturing & Services PMI Data (3.30 PM) – Showing a positive reading the previous month, the German PMI reading for July is expected to maintain the same pace. The services sector is forecast to reach 50.0 points.
UK Manufacturing & Services PMI Data (4.30 PM) – The services sector in the UK is expected to continue to increase, while the manufacturing sector is expected to approach 50.0 points.
ECB Policy Meeting (8.15 PM) – The European Central Bank is expected to keep interest rates unchanged at 2.15% for its latest meeting. A dovish statement from the central bank will add to the pressure on the Euro currency in the market.
Canadian Retail Sales Data (8.30 PM) – With Trump’s tariffs under pressure, Canadian retail sales are expected to record a decline in May.
US Manufacturing & Services PMI Data (9.45 PM) – The latest PMI readings for both key sectors in the US are expected to be above the 50 mark, indicating healthy expansion.
FRIDAY (July 25, 2025)
UK Retail Sales Data (2.00 PM) – After a sharp contraction in May, UK retail sales for June are expected to return to encouraging levels. If the forecast holds, the Pound will also benefit.
