Upcoming economic events 31 March 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
01:30		2 points	Chinese Composite PMI (Mar)	———-	51.1
01:30		2 points	Manufacturing PMI (Mar)	50.4	50.2
01:30		2 points	Non-Manufacturing PMI (Mar)	50.5	50.4
13:45		2 points	Chicago PMI (Mar)	45.5	45.5
23:50		2 points	Tankan All Big Industry CAPEX (Q1)	———-	11.3%
23:50		2 points	Tankan Big Manufacturing Outlook Index (Q1)	9	13
23:50		2 points	Tankan Large Manufacturers Index (Q1)	12	14
23:50		2 points	Tankan Large Non-Manufacturers Index (Q1)	33	33

Summary of Upcoming Economic Events on March 31, 2025

China (🇨🇳)

1. Chinese Composite PMI (01:30 UTC)
   • Previous: 51.1
   • Market Impact:
     • Measures activity in both manufacturing and services sectors.
     • Readings above 50 indicate expansion; supportive for risk assets and the Chinese yuan (CNY).
2. Manufacturing PMI (01:30 UTC)
   • Forecast: 50.4 | Previous: 50.2
   • Market Impact:
     • Critical for industrial outlook and global commodity sentiment.
     • A beat could lift Asian equities and commodity currencies (AUD, NZD).
3. Non-Manufacturing PMI (01:30 UTC)
   • Forecast: 50.5 | Previous: 50.4
   • Market Impact:
     • Reflects strength in China’s service sector.
     • A higher print could further support global risk appetite.

United States (🇺🇸)

4. Chicago PMI (13:45 UTC)
   • Forecast: 45.5 | Previous: 45.5
   • Market Impact:
     • Regional manufacturing sentiment gauge.
     • Below-50 values suggest contraction and may weigh on the USD or equities.

Japan (🇯🇵)

5. Tankan Survey Data (23:50 UTC)
   • Tankan All Big Industry CAPEX (Q1):
     • Previous: 11.3%
     • Reflects capital expenditure outlook, important for long-term investment trends.
   • Tankan Big Manufacturing Outlook Index (Q1):
     • Forecast: 9 | Previous: 13
   • Tankan Large Manufacturers Index (Q1):
     • Forecast: 12 | Previous: 14
   • Tankan Large Non-Manufacturers Index (Q1):
     • Forecast: 33 | Previous: 33
   • Market Impact:
     • Declining sentiment could weaken the Japanese yen (JPY) and weigh on domestic equities.
     • Stability or surprise improvement may strengthen JPY.

Market Impact Analysis

• CNY & Risk Sentiment: Chinese PMI results are key; improvement could boost emerging markets and commodities.
• USD: Chicago PMI may influence short-term sentiment, especially in equity and bond markets.
• JPY: Tankan data could affect monetary policy expectations and JPY valuation.

Overall Impact Score: 6/10

Key Focus: Chinese PMIs and Japanese Tankan survey — both pivotal for gauging regional economic strength.