Global Economic Calendar: Key Data Releases This Week

Market Watch: Key Economic Data to Shape week Ahead

As the financial markets brace for a busy week of economic releases, investors will be closely scrutinizing a raft of data from major economies, with inflation figures and consumer spending trends taking center stage.

In the UK, the Monetary Policy Committee (MPC) is expected to maintain its current pace of rate cuts, with no clear interaction suggesting an accelerated approach despite a noticeable softening in the labor market. Analysts are awaiting further insights, particularly in light of forthcoming inflation data due the day before the MPC remarks.

Across the Atlantic, the United States will release its June retail sales figures.Expectations are for sales to remain unchanged month-on-month, with a modest increase anticipated in the ex-autos measure. Bank of America’s consumer checkpoint data indicates a slight overall rise in spending, though services spending is reportedly declining for the third consecutive month. Credit and debit card data suggests a year-on-year spending growth of 0.2% in June, softening from May’s 0.8%.Notably, Bank of America points to a particularly soft spending growth among lower-income households, in contrast to higher-income groups whose spending and wage growth appear to be increasing. Consumers seem to be pulling back on discretionary services, though this trend is not yet broadly based.

In Japan, the june Consumer Price Index (CPI) data is anticipated to show a slight easing of inflation pressures. This moderation is expected to be driven by government interventions in energy and food prices, although the headline inflation rate is still projected to remain above 3%. May’s core CPI rose to a two-year high. Persistent food inflation and companies passing on higher labor costs have kept price growth elevated, with service-sector inflation accelerating. Bank of Japan policymakers are reportedly divided on the economic outlook,weighing inflation risks against external economic headwinds.

How might the Bank of England’s interest rate decision impact UK retail sales and overall economic growth?

United states Economic Data – July 15th – 19th

This week, the US economic calendar is dominated by key inflation indicators and housing market data. Investors are keenly watching for signals about the Federal Reserve’s next move regarding interest rates. The current economic climate is one of notable transition, as highlighted by the World Economic Forum’s recent analysis of a global economic reset [https://www.weforum.org/stories/2025/04/the-global-economy-enters-a-new-era/]. Understanding these releases is crucial for navigating market volatility.

July 15th: PPI (Producer Price Index): Expected to show a 0.2% increase. This measures wholesale price changes and can foreshadow consumer price inflation. Keyword: US Inflation, PPI Data

July 16th: Building Permits & Housing Starts: Permits are forecast at 1.5 million annualized, while starts are predicted at 1.6 million. These figures offer insight into the strength of the housing sector. Keywords: Housing Market, Building Permits, Housing Starts

July 17th: Initial Jobless Claims: Anticipated to remain around 220,000. A consistent number suggests a stable labor market. Keywords: Unemployment Rate, Jobless Claims, Labor Market

July 18th: Existing Home Sales: Projected to decline slightly to 4.1 million. This reflects the impact of higher mortgage rates on affordability. Keywords: Real Estate, Home Sales, Housing Affordability

July 19th: FOMC Minutes: Release of the Federal Open Market Committee meeting minutes. These provide detailed insights into the Fed’s thinking on monetary policy. Keywords: Federal Reserve, Monetary Policy, FOMC Minutes, Interest Rates

Eurozone Economic Releases – July 15th – 19th

The Eurozone is grappling with slower growth and persistent inflation. This week’s data will be scrutinized for signs of a potential recession. The evolving global economic landscape, as noted by the WEF, adds complexity to the Eurozone’s outlook.

July 15th: German PPI: Expected to show a 0.1% decrease, indicating easing producer price pressures in Germany, the eurozone’s largest economy. Keywords: Eurozone Economy, German PPI, Inflation

July 16th: Eurozone Trade Balance: Forecast to show a slight deficit, reflecting the impact of higher energy prices. Keywords: Eurozone Trade, Balance of Trade, Economic Growth

July 17th: Eurozone Consumer Confidence: Anticipated to remain negative, signaling continued pessimism among consumers. Keywords: Consumer Sentiment, Eurozone Economy, Consumer Spending

July 18th: ECB Monetary Policy Meeting Accounts: Providing further detail on the european Central Bank’s recent decisions. Keywords: ECB, Monetary Policy, Interest Rates, Eurozone

July 19th: Manufacturing & Services PMI (Preliminary): crucial indicators of economic activity.Any reading above 50 indicates expansion. keywords: PMI, Manufacturing PMI, Services PMI, Eurozone Economy

United Kingdom Economic Data – July 15th – 19th

The UK economy faces a unique set of challenges, including Brexit-related uncertainties and high inflation. Investors are closely monitoring the Bank of England’s response to these pressures.

July 15th: Labour Market Report: Key figures include unemployment rate, employment change, and wage growth. Keywords: UK Labour Market, Unemployment, Wage Growth

July 16th: CPI (Consumer price index): Expected to remain elevated at 8.2%, putting pressure on the Bank of England to raise interest rates. Keywords: UK Inflation, CPI Data, Cost of Living

July 17th: Retail Sales: Forecast to show a 0.5% decline, reflecting the impact of rising prices on consumer spending. Keywords: UK Retail sales, Consumer Spending, Economic Growth

July 18th: Bank of England Interest Rate Decision: A pivotal event for the UK economy. Market consensus leans towards a 25 basis point rate hike.Keywords: Bank of England, Interest Rates, Monetary Policy

July 19th: Manufacturing & services PMI (Preliminary): Providing an early indication of economic activity in July. Keywords: UK PMI, Manufacturing PMI, services PMI

Asia-Pacific Economic Calendar – July 15th – 19th

The Asia-Pacific region continues to be a key driver of global growth, but faces headwinds from slowing global demand and geopolitical tensions.

July 15th: japan Trade Balance: Expected to show a continued deficit due to high energy import costs. Keywords: Japan Economy, Trade Balance, import Costs

July 16th: Australia Employment Report: Anticipated to show a modest increase in employment. Keywords: Australian Economy, Employment Data, Labour market

July 17th: China GDP Growth (Q2): A crucial release for the global economy. Forecasts range from 5.0% to 5.5%. *Keywords: