Here are some of the important economic data that will be the focus of the market throughout this week.
WEDNESDAY (April 23, 2025)
Germany Manufacturing & Services PMI (3.30 PM) – Assessing the current health of Europe's largest economy in April, the manufacturing and services sectors in Germany will be watched. The latest figures are expected to show no major changes, but are likely to decline slightly from the previous month.
UK Manufacturing & Services PMI (4.30 PM) – The development of key sectors in the UK is expected to be slightly affected due to pressure from global economic uncertainty factors triggered by Trump's tariffs. The UK manufacturing and services sectors are also forecast to record slightly lower figures for April.
US Manufacturing & Services PMI (9.45 PM) – The manufacturing sector in the US is forecast to contract below the 50-point mark for April, down from the positive reading that was updated the previous month. Meanwhile, the services sector is forecast to decline, but is still above the 50-point mark.
THURSDAY (April 24, 2025)
US Jobless Claims Data (8.30 PM) – This component of employment data is assessed weekly and shows the number of claims for individuals who are out of work. After declining since February, the current figure remains around the 200,000 mark per week.
FRIDAY (April 25, 2025)
UK Retail Sales Data (2.00 PM) – After a good reading for February at 1.0%, the latest figures for UK retail sales in March are forecast to fall to -0.4%, which will follow the declining inflation data published last week.
Canadian Retail Sales Data (8.30 PM) – Canada, which is facing tariff pressure from the United States, is expected to decline in the retail sales rate. March will follow the declining readings like February.
