Second Quarter Euroland GDP Growth and Some Central Bank Rate Announcements – Currency Thoughts

March 22-28, 2025 – Currency Thoughts


Next Week’s Menu: March 22-28, 2025

March 21, 2025

Central Banks: Interest rate policies will be reviewed in Mexico, Hungary, Norway and the Czech Republic. Minutes from previous policy meetings are to be published for Brazil, Canada and Japan. Governor Bailey of the Bank of England will speak publicly.

Special Event: British Exchequer of the Treasury Reeves delivers the Spring Statement to parliament on Wednesday, detailing the Labor Government’s spending plans and economic forecasts.

Scheduled U.S. Data Releases: Quarterly GDP and PCE price inflation. Monthly personal income, personal consumption expenditures, PCE price deflator, consumer confidence, Chicago Fed National Activity Index, durable goods orders, pending home sales, new home sales, Global S&P preliminary PMI surveys, FHFA and Case-Shiller house price indices, and advance merchandise trade deficit. Weekly mortgage applications, energy inventories, chain store sales, and jobless insurance claims.

Euroland Releases: Preliminary purchasing manager survey findings, economic sentiment, consumer confidence, EU car sales and money and credit growth.

Members of the Euro Area: French, Spanish, Slovakian, and Austrian producer prices. French and Spanish consumer prices. German and French PMI surveys. Spanish, Portuguese, Croatian, Irish, Estonian, Slovenian, Lithuanian and Latvian retail sales. Portuguese and Cypriot industrial production. German, French, Spanish, Italian, Portuguese, and Finnish consumer confidence. Belgian and Italian business sentiment. German IFO Institute business climate index and French consumer spending. German unemployment and Austrian manufacturing PMI.

U.K. and Switzerland: British PMI, GDP, current account, retail sales, trade balance, and distributive trades survey. Swiss current account, investor sentiment and KOF leading index.

Eastern Europe: Russian industrial production, GDP and corporate profits. Hungary’s current account and Bulgarian PPI.

Nordic Europe: Swedish and Icelandic PPI. Swedish, Danish and Norwegian retail sales. Norwegian unemployment and Icelandic CPI. Swedish trade balance.

Japanese Releases: Tokyo consumer prices, corporate service prices, PMI surveys, housing starts, construction orders and index of leading economic indicators.

Selected Other Asian Releases: Chinese and Indian indices of leading economic indicators. Singaporean and Malaysian producer prices. Trade balances of Hong Kong and the Philippines. South Korean consumer confidence and business sentiment. Singaporean industrial production and consumer prices. India’s PMI surveys.

Australia, South Africa and Turkey: Australian PMI survey. South African PPI and leading business cycle indicator. Turkish business sentiment, trade balance and unemployment.

Canada, Mexico and Brazil: Canadian monthly GDP and industrial production. Mexican and Brazilian unemployment. Mexican economic activity index, retail sales and trade balance. Brazil’s current account.

Copyright 2025, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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