Economic Calendar Summary - July 15, 2025

Key Focus: U.S. CPI Report

Investor attention is primarily directed towards the Consumer Price Index (CPI) reports from various regions, particularly the United States. The U.S. CPI report is anticipated to be the most significant publication of the day and week, with expectations of increases in both core and headline measures. The consensus forecasts a year-over-year increase of 3.0% for core CPI and 2.7% for headline CPI, alongside a monthly increase of 0.3% for both metrics.

Detailed Economic Calendar

08:00 AM BST - Spain

• Spanish CPI: Forecast 0.6% MoM; Previous 0.1% MoM
• Spanish CPI: Forecast 2.2% YoY; Previous 2.0% YoY
• Core CPI: Forecast 2.2% YoY; Previous 2.2% YoY
• Spanish HICP: Forecast 0.6% MoM; Previous 0.0% MoM
• Spanish HICP: Forecast 2.2% YoY; Previous 2.0% YoY

10:00 AM BST - Euro Zone

• Industrial Production: Forecast 1.1% MoM; Previous -2.4% MoM

10:00 AM BST - Germany

• German ZEW Economic Sentiment: Forecast 50.8; Previous 47.5

01:15 PM BST - Canada

• Housing Starts: Forecast 262.5K; Previous 279.5K

01:30 PM BST - Canada

• Manufacturing Sales: Forecast -1.2% MoM; Previous -2.8% MoM
• Inflation Data: Median CPI forecast 3.0% YoY; Previous 3.0% YoY
• CPI: Forecast 0.1% MoM; Previous 0.6% MoM
• CPI: Forecast 1.9% YoY; Previous 1.7% YoY
• Core CPI: Previous 0.6% MoM
• Common CPI: Forecast 2.7% YoY; Previous 2.6% YoY
• Trimmed CPI: Forecast 3.0% YoY; Previous 3.0% YoY
• Core CPI: Previous 2.5% YoY

01:30 PM BST - United States

• NY Empire State Manufacturing Index: Forecast -8.30; Previous -16.00
• Inflation Data: CPI forecast 2.7% YoY; Previous 2.4% YoY
• CPI: Forecast 0.3% MoM; Previous 0.1% MoM
• Core CPI: Forecast 3.0% YoY; Previous 2.8% YoY
• Core CPI: Forecast 0.3% MoM; Previous 0.1% MoM

02:15 PM BST - United States

• FOMC Member Bowman Speaks

05:45 PM BST - United States

• Fed Vice Chair for Supervision Barr Speaks

09:00 PM BST - United Kingdom

• BoE Governor Bailey Speaks

Recent Economic Updates

On January 9, 2026, various economic updates were released, including a better-than-expected University of Michigan sentiment report and improved employment figures in Canada. Investors are currently exercising caution amid ongoing uncertainties in the market.