Economic Calendar: Key Market Events for the Week from March 17 to 21, 2025

Financial markets are bracing for a packed week of economic data releases from March 17-21, 2025, with Brazil taking center stage alongside key indicators from India, the United States, and Europe. Currency markets are buzzing, with the Brazilian Real (BRL) and Indian Rupee (INR) in focus amid global trade and inflation pressures.

The week starts Monday with Brazil’s Central Bank releasing its Focus Market Readout, a vital forecast for Latin American markets, followed by the IBC-Br Economic Activity index.

India follows with its Wholesale Price Index (WPI) data, covering food, fuel, and manufacturing inflation, while Norway publishes its trade balance. In North America, the U.S. unveils retail sales figures and the NY Empire State Manufacturing Index, key measures of consumer and industrial health.

Tuesday highlights Japan’s Tertiary Industry Activity Index and Germany’s ZEW Economic Sentiment, reflecting Eurozone confidence. Brazil releases its IGP-10 Inflation Index, while the U.S. reports housing starts and building permits, and Canada publishes its Consumer Price Index (CPI).

Wednesday features Brazil’s interest rate decision, a potential market-mover for the Real, alongside Eurozone CPI and Japan’s industrial production data. The U.S. Federal Reserve’s interest rate decision, FOMC statement, and economic projections are set to ripple through global markets.

Thursday spotlights Brazil’s foreign exchange flows, while Switzerland’s National Bank (SNB) and the Bank of England (BoE) announce their interest rate decisions. The U.S. provides jobless claims and the Philadelphia Fed Manufacturing Index, with Japan observing the Vernal Equinox holiday.

The week closes Friday with Brazil’s federal tax revenue data offering fiscal insights. South Africa marks Human Rights Day, Canada releases retail sales, and the Eurozone publishes consumer confidence figures.

Analysts underscore the week’s significance amid global uncertainty. Brazil’s data, alongside inflation and central bank moves, could shape monetary policy outlooks. Currency traders will track the BRL’s response, with the U.S. dollar’s dominance and global trade dynamics also in play.

Economic Calendar for the Week from March 17 to 21, 2025

Monday, March 17

Brazil

• 7:25 AM – BCB Focus Market Readout
• 8:00 AM – IBC-Br Economic Activity (Jan)

India

• 2:30 AM – WPI Food (YoY) (Feb)
• 2:30 AM – WPI Fuel (YoY) (Feb)
• 2:30 AM – WPI Inflation (YoY) (Feb)
• 2:30 AM – WPI Manufacturing Inflation (YoY) (Feb)

Norway

• 3:00 AM – Trade Balance (Feb)

United States

• 8:30 AM – Retail Sales (MoM) (Feb)
• 8:30 AM – NY Empire State Manufacturing Index (Mar)

Tuesday, March 18

Brazil

• 7:00 AM – IGP-10 Inflation Index (MoM) (Mar)

Japan

• 12:30 AM – Tertiary Industry Activity Index (Jan)

Germany

• 6:00 AM – ZEW Economic Sentiment (Mar)

United States

• 8:30 AM – Housing Starts (Feb)
• 8:30 AM – Building Permits (Feb)

Canada

• 8:30 AM – CPI (YoY) (Feb)

Wednesday, March 19

Brazil

• 5:30 PM – Interest Rate Decision

Eurozone

• 6:00 AM – CPI (YoY) (Feb)

Japan

• 12:30 AM – Industrial Production (MoM) (Jan)

United States

• 2:00 PM – Fed Interest Rate Decision
• 2:00 PM – FOMC Economic Projections

Thursday, March 20

Brazil

• 1:30 PM – Foreign Exchange Flows

Switzerland

• 4:30 AM – SNB Interest Rate Decision (Q1)

United Kingdom

• 8:00 AM – BoE Interest Rate Decision (Mar)

United States

• 8:30 AM – Initial Jobless Claims
• 8:30 AM – Philadelphia Fed Manufacturing Index (Mar)

Japan

• All Day – Vernal Equinox Holiday

Friday, March 21

Brazil

• 9:30 AM – Federal Tax Revenue (Feb)

South Africa

• All Day – Human Rights Day Holiday

Canada

• 8:30 AM – Retail Sales (MoM) (Jan)

Eurozone

• 11:00 AM – Consumer Confidence (Mar)

This week’s releases will provide essential insights into global economic trends, with Brazil’s data setting the pace for Latin American markets and influencing broader monetary policy and currency expectations.

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