FX Economic Calendar

March 30 – April 4, 2025 Economic report and policy meeting

March 30

China:  NBS Non-Manufacturing Purchasing Manager’s Index (PMI) – March, NBS Manufacturing PMI – March

Euro-Zone:  Germany: Retail Sales (YoY and MoM) – February

Japan:  Retail Sales (YoY) – February, Industrial Production (MoM) – February

New Zealand:  ANZ Business Confidence - March

March 31

Australia:  Reserve Bank of Australia (RBA) Interest Rate Decision, S&P Global Australia Manufacturing Purchasing Manager’s Index (PMI) – March, Retail Sales (MoM) – February, RBA Press Conference

China:  Caixin Manufacturing Purchasing Manager’s Index (PMI) - March

Euro-Zone:  Germany: Consumer Price Index (CPI) (YoY and MoM) – March, Italy: Inflation Rate (YoY) -March, Greece: Retail Sales (YoY) – January, Italy: Inflation Rate (MoM) – March, Germany: Inflation Rate (MoM) – March, France: Inflation Rate (YoY) - March

Japan:  Tankan Large Manufacturers Index – 1^st Qtr., Unemployment Rate – February, Jibun Bank Manufacturing Purchasing Manager’s Index (PMI) - March     

Switzerland:  Retail Sales (YoY and MoM) - February

U.K.:  Bank of England (BoE) Consumer Credit – February, Mortgage Lending – February, Mortgage Approvals – February, Nationwide Housing Prices (YoY and MoM) - March

U.S.:  Chicago Purchasing Manager’s Index (PMI) – March, Dallas Federal Reserve Manufacturing Index - March

April 1

Australia:  Ai Group Industry Index – March, Building Permits (MoM) - February

Canada:  S&P Global Manufacturing Purchasing Manager’s Index (PMI) - March     

Euro-Zone:  Consumer Price Index (CPI) – March, Inflation Rate (YoY) – March, Unemployment Rate – February, Euro-Zone HCOB Manufacturing Purchasing Manager’s Index (PMI)  - March, Spain: HCOB Manufacturing Purchasing Manager’s Index (PMI) – March, Austria: Unemployment Rate – March, Italy: HCOB Manufacturing Purchasing Manager’s Index (PMI) – March, France: HCOB Manufacturing Purchasing Manager’s Index (PMI) – March, Germany: HCOB Manufacturing Purchasing Manager’s Index (PMI) – March, Greece: S&P Global Manufacturing Purchasing Manager’s Index (PMI) – March, Unemployment Rate – February, Italy: Unemployment Rate – February, Euro-Zone Core Inflation Rate (YoY) – March, Inflation Rate (MoM) - March

Switzerland:  procure.ch Manufacturing Purchasing Manager’s Index (PMI) – March

U.K.:  S&P Global Manufacturing Purchasing Manager’s Index (PMI) – March  

U.S.:  S&P Global Manufacturing Purchasing Manager’s Index (PMI) – March, Institute of Supply Management (ISM) Manufacturing PMI – March, Job Openings and Labor Turnover Survey (JOLTs) Job Openings – February, ISM Manufacturing Employment – March, API Crude Oil Stock Change – March 28

The Institute of Supply Management releases both its Manufacturing and Services Purchasing Managers’ Indexes for March. Consensus estimates are for a 49.5 reading for the Manufacturing PMI, released on Tuesday, and a fifty-three reading for the Services PMI, released on Thursday. Both estimates would be slightly less than their respective February readings.

April 2

Australia:  S&P Global Australia Services Purchasing Managers Index (PMI) – March, Balance of Trade – February, Reserve Bank of Australia (RBA) Financial Stability Review

China:  Caixin Services Purchasing Manager’s Index (PMI) - March

Euro-Zone:  Spain: Unemployment Change - March    

Japan:  Jibun Bank Services Purchasing Manager’s Index (PMI) – March

Switzerland:  Inflation Rate (YoY) - March

U.S.:  ADP Employment Change – March, Mortgage Bankers Association (MBA) 30-Year Mortgage Rate – March 28, Factory Orders (MoM) – February, EIA Gasoline Stocks Change – March 28, EIA Crude Oil Stocks Change – March 28

President Donald Trump is expected to announce reciprocal tariffs focused on the “Dirty 15,” the 15% of countries with the highest tariffs and trade imbalances with the U.S. These tariffs would probably be on top of what the White House has already announced, including a 25% levy on all imported aluminum, steel, auto parts, and vehicles.

April 3

Canada:  Balance of Trade – February, S&P Global Services Purchasing Manager’s Index (PMI) - March

Euro-Zone:  Euro-Zone: HCOB Services Purchasing Manager’s Index (PMI) – March, Spain: HCOB Services Purchasing Manager’s Index (PMI) – March, Italy: HCOB Services Purchasing Manager’s Index (PMI) – March, France: HCOB Services Purchasing Manager’s Index (PMI) – March, Germany: HCOB Services Purchasing Manager’s Index – March, HCOB Composite Purchasing Managers Index (PMI) – March, Germany: HCOB Composite PMI – March, Germany: Factory Orders (MoM) – February, France: Industrial Production (MoM) - February  

Japan:  Household Spending (YoY and MoM) - February

Switzerland:  Unemployment Rate – March       

U.K.:  S&P Global Services Purchasing Manager’s Index (PMI) - March

U.S.:  Initial Jobless Claims – March 29, Continuing Jobless Claims – March 22, Jobless Claims 4-Week Average – March 29, S&P Global Services Purchasing Manager’s Index (PMI) – March, Institute of Supply Management (ISM) Services PMI – March, Balance of Trade – February, Exports – February, Imports – February, S&P Global Composite Purchasing Manager’s Index (PMI) - February

April 4

Canada:  Employment Change – March, Unemployment Rate – March, Participation Rate – March, Part Time Employment Change – March, Full Time Employment Change - March

Euro-Zone:  Italy: Retail Sales (YoY and MoM) – February, Germany: HCOB Construction Purchasing Manager’s Index (PMI) – March    

U.K.:  S&P Global Construction Purchasing Manager’s Index (PMI) - March

U.S.:  Non-Farm Payrolls – March, Nonfarm Private Payrolls – March, Unemployment Rate – March, U-6 Unemployment Rate – March, Average Hourly Earnings (YoY) – March, Average Hourly Earnings (MoM) – March, Participation Rate – March  

The Department of Labor releases the jobs report for March. Economists forecast a 138,000 increase in nonfarm payrolls, after a 151,000 gain in February. The unemployment rate is expected to remain unchanged at 4.1%.

Bold denotes likely market-moving newsflash which traders consider significant to foreign exchange levels or otherwise important/noteworthy information, i.e., market holiday’s which will affect standard settlement dates.