PMI, job openings & Unemployment - Economic Calendar (31Mar25)
Public Holidays
The USA have no public holidays in the coming week.
Singapore is closed on 31 Mar 2025 as we celebrate Hari Raya Aidilfitri with our fellow Muslim citizens.
Hari Raya Aidilfitri, also known as Eid, is a joyous festival in Singapore marking the end of Ramadan. Muslims engage in acts of compassion, fast from dawn to dusk, and worship during this holy month. On the day of Hari Raya, families don new clothes, visit the mosque for prayers, seek forgiveness from elders, and indulge in home-cooked feasts
Hong Kong and China will be closed on 4 April 2025 for the Ching Ming Festival
The history of the Ching Ming Festival, Hong Kong's tomb-sweeping holiday - Young Post | South China Morning Post
The Ching Ming Festival, also known as Tomb Sweeping Day or Pure Brightness Festival, is a Chinese holiday honoring ancestors and the deceased, typically celebrated in early April, marked by visiting and cleaning ancestral tombs, offering food and burning incense.
Economic Calendar (31 Mar 2025)
Notable Highlights
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China’s Manufacturing PMI is an important reference for global demand for products when China accounts for about one-third of global manufacturing. S&P Global Manufacturing PMI has a forecast of 49.3, which represents “contracting global demand” for products ahead. Chicago’s PMI represents production demand inthe USA.
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S&P Global Services PMI and ISM non-manufacturing PMI reflect the demand for services. ISM non-manufacturing prices reflect the inflationary pressures seen by service providers.
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JOLTs job openings show the number of jobs available in the USA. ADP nonfarm employment changes show the number of nonfarm-related jobs. Average Hourly Earnings, Nonfarm payrolls, and Unemployment rates are the other job-related data that the Federal Reserve would consider for its coming interest rate decisions.
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Initial jobless claims will be announced. The Federal Reserve uses this as one of the key macro data references as it balances inflation and employment in the economy.
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Crude Oil Inventories can be seen as forward indicators of market demand and consumption. If the trend of excess inventories continues, demand erosion can lead to reduced production & weakened consumer spending.
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- William85·2025-03-31TOPInteresting insights1Report