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July 2024 is poised to be a significant month for both the US and Indian economies, with a series of crucial economic data releases scheduled. These events will provide valuable insights into the health of these major economies, influencing investor sentiment and financial market movements. The data will cover a broad range of economic indicators, including manufacturing activity, employment trends, inflation rates, and overall economic growth. Investors, policymakers, and analysts will closely monitor these releases to assess the current economic landscape and anticipate future economic and monetary policy directions.
India's economic landscape will also see significant updates in July 2024. Key events include:
01-07-2024: HSBC India PMI Manufacturing (Jun)
03-07-2024: HSBC India PMI Services (Jun)
12-07-2024: CPI YoY (Jun)
12-07-2024: Industrial Production YoY (May)
15-07-2024: Wholesale Prices YoY (Jun)
24-07-2024: HSBC India PMI Manufacturing (Jul)
24-07-2024: HSBC India PMI Services (Jul)
Third week of July: Union Budget 2024
These events will offer a comprehensive view of India's economic health, focusing on manufacturing and service sector performance, inflation trends, and industrial production levels.
July 2024 is set to be a pivotal month for the US economy with several key financial events scheduled. Here's a breakdown of the significant dates and events to watch:
01-07-2024: S&P Global US Manufacturing PMI (Jun)
03-07-2024: Initial Jobless Claims (For week ended on 29-06-2024)
03-07-2024: FOMC Minutes Meeting (Last meeting)
05-07-2024: Change in Nonfarm Payrolls (Jun)
05-07-2024: Unemployment Rate (Jun)
11-07-2024: CPI MoM (Jun)
11-07-2024: CPI YoY (Jun)
11-07-2024: Initial Jobless Claims (For week ended on 06-07-2024)
18-07-2024: Initial Jobless Claims (For week ended on 13-07-2024)
25-07-2024: GDP Annualized QoQ (Quarter 2)
25-07-2024: Initial Jobless Claims (For week ended on 20-07-2024)
31-07-2024: FOMC Rate Decision (Upper Bound) (31-Jul)
These events provide critical insights into the state of the US economy, particularly in terms of manufacturing activity, employment trends, inflation rates, and overall economic growth.
US Economic Data for July
Date | Event | Period |
01-07-2024 | S&P Global US Manufacturing PMI | Jun |
03-07-2024 | Initial Jobless Claims | For week ended on 29-06-2024 |
03-07-2024 | FOMC Minutes Meeting | Last meeting |
05-07-2024 | Change in Nonfarm Payrolls | Jun |
05-07-2024 | Unemployment Rate | Jun |
11-07-2024 | CPI MoM | Jun |
11-07-2024 | CPI YoY | Jun |
11-07-2024 | Initial Jobless Claims | For week ended on 06-07-2024 |
18-07-2024 | Initial Jobless Claims | For week ended on 13-07-2024 |
25-07-2024 | GDP Annualized QoQ | Quarter 2 |
25-07-2024 | Initial Jobless Claims | For week ended on 20-07-2024 |
31-07-2024 | FOMC Rate Decision (Upper Bound) | 31-Jul |
India Economic Data for July
Date | Event | Period |
01-07-2024 | HSBC India PMI Mfg | Jun |
03-07-2024 | HSBC India PMI Services | Jun |
12-07-2024 | CPI YoY | Jun |
12-07-2024 | Industrial Production YoY | May |
15-07-2024 | Wholesale Prices YoY | Jun |
24-07-2024 | HSBC India PMI Mfg | Jul |
24-07-2024 | HSBC India PMI Services | Jul |
Third Week | Union Budget 2024 | Jul |
This July, both the US and Indian economies will release important data that could significantly impact financial markets. Key highlights include US manufacturing PMI, initial jobless claims, FOMC minutes, nonfarm payrolls, unemployment rate, CPI data, and GDP growth. For India, important releases include PMI for manufacturing and services, CPI, industrial production, and wholesale prices. Investors and analysts will closely watch these releases to gauge the economic health and future monetary policy directions in both countries.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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