Upcoming economic events 15 July 2025

Jeremy Oles

Published On: 14/07/2025

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By Jeremy OlesPublished On: 14/07/2025

China – Key Growth & Production Data – 02:00 UTC

Fixed Asset Investment (YoY, Jun)
GDP (QoQ, Q2)
GDP (YoY, Q2)
GDP YTD (YoY)
Industrial Production (YoY, Jun)
Industrial Production YTD (YoY)
Unemployment Rate (Jun)
Impact: This package provides a comprehensive update on China’s economy. Stronger-than-expected readings across GDP, investment, and industrial output would support CNY, China’s equity markets, and broader global growth sentiment. A disappointing set may weigh on risk assets and commodity-linked economies.

Japan – Industrial Production (MoM, May) – 04:30 UTC

Expected: 0.5%
Impact: A rebound confirms capex momentum and helps support JPY and Japanese equities. A miss below expectations may raise questions about domestic recovery.

Eurozone – Industrial Production (MoM, May) – 09:00 UTC

Expected: –2.4%
Impact: A steep decline signals ongoing manufacturing challenges, pressuring EUR and raising questions about regional growth.

Germany – ZEW Economic Sentiment (Jul) – 09:00 UTC

Expected: 35.3
Impact: Sentiment gauge provides forward-looking insight. A drop from previous levels may underline macro risk, potentially denting EUR and German asset performance.

OPEC Monthly Report – 11:00 UTC

Impact: Could revise oil demand/supply projections. A bullish outlook supports oil prices and energy stocks; a bearish view may pressure the sector and inflation outlook.

U.S. CPI Release (Jun) – 12:30 UTC

Core CPI MoM: 0.1%
Core CPI YoY: 2.8%
Headline CPI MoM: 0.1%
Headline CPI YoY: 2.4%
Impact: Key inflation metrics. Readings above consensus may dampen expectations for near-term rate cuts and boost Treasury yields and USD. Soft prints reinforce a soft-landing scenario.

NY Empire State Manufacturing Index (Jul) – 12:30 UTC

Expected: –16.00
Impact: Indicates regional factory sentiment. Deep contraction would signal cooling industrial activity—negative for risk assets and growth outlook.

China’s data acts as the day’s primary global macro driver; strong figures support risk sentiment, while weak results could prompt caution.
Eurozone industrial data and sentiment surveys suggest continued weakness—potential drag on EUR.
U.S. CPI print is the key data event, highly influential on Fed outlook, bond yields, and currency markets.
OPEC report and NY manufacturing index offer supplementary information on oil markets and U.S. growth momentum.

China’s comprehensive growth report—sharp surprises either way will impact global sentiment.
U.S. inflation (Core & Headline CPI)—crucial for Fed timing and market pricing.
Eurozone industrial weakness—may sustain EUR pressure.
OPEC commentary—informs oil and energy-linked asset narratives.

Let me know if you’d like a full impact breakdown or comparison with previous months.

Time(GMT+0/UTC+0)	State	Importance	`Event`	`Forecast`	Previous
02:00		`2 points`	Fixed Asset Investment (YoY) (Jun)	———-	3.7%
02:00		`2 points`	GDP (QoQ) (Q2)	———-	1.2%
02:00		`3 points`	GDP (YoY) (Q2)	———-	5.4%
02:00		`2 points`	Chinese GDP YTD (YoY) (Q2)	———-	5.4%
02:00		`2 points`	Industrial Production (YoY) (Jun)	———-	5.8%
02:00		`2 points`	Chinese Industrial Production YTD (YoY) (Jun)	———-	6.3%
02:00		`2 points`	Chinese Unemployment Rate (Jun)	———-	5.0%
04:30		`2 points`	Industrial Production (MoM) (May)	———-	0.5%
09:00		`2 points`	Industrial Production (MoM) (May)	———-	-2.4%
09:00		`2 points`	ZEW Economic Sentiment (Jul)	———-	35.3
11:00		`2 points`	OPEC Monthly Report	———-	———-
12:30		`3 points`	Core CPI (MoM) (Jun)	———-	0.1%
12:30		`2 points`	Core CPI (YoY) (Jun)	———-	2.8%
12:30		`3 points`	CPI (YoY) (Jun)	———-	2.4%
12:30		`3 points`	CPI (MoM) (Jun)	———-	0.1%
12:30		`2 points`	NY Empire State Manufacturing Index (Jul)	———-	-16.00