September 29 – October 3, 2025 Economic report and policy meetings
Monday, September 29th
Australia: Building Permits MoM Prel – Aug, Housing Credit MoM – Aug, Private House Approvals MoM Prel – Aug,
Brazil: IGP-M Inflation MoM – Sep, Bank Lending MoM – Aug, Net Payrolls – Aug
Euro-Zone: Economic Sentiment – Sep, Consumer Confidence Final – Sep, Consumer Inflation expectations – Sep, Industrial Sentiment, Selling Price Expectations – Sep, Services Sentiment – Sep, ECB Cipollone Speech, ECB Kazaks Speech, ECB Muller Speech, ECB Lane Speech
Spain: Inflation Rate MoM Prel – Sep, Inflation Rate YoY Prel – Sep, Core Inflation Rate YoY Prel – Sep, Harmonized Inflation Rate MoM Prel – Sep, Harmonized Inflation Rate YoY Prel – Sep, Retail Sales MoM – Aug, Retail Sales YoY – Aug, Business Confidence – Sep
China: NBS Manufacturing PMI – Sep, NBS Non-Manufacturing PMI – Sep, NBS General PMI, RatingDog Manufacturing PMI – Sep, RatingDog Services PMI – Sep, RatingDog Composite PMI – Sep
India: Industrial Production YoY– Aug, Manufacturing Production YoY – Aug
Japan: Coincident Index Final – Jul, Leading Economic Index Final – Jul, BoJ Summary of Opinions, Industrial Production MoM Prel – Aug, Industrial Production YoY Prel – Aug, Retail Sales YoY – Aug, BoJ Noguchi Speech
Korea: Industrial Production MoM – Aug, Industrial Production YoY – Aug, Retail Sales MoM – Aug
Mexico: Unemployment Rate – Aug
New Zealand: ANZ Business Confidence – Sep
Singapore: Bank Lending – Aug
U.K.: BoE Consumer Credit – Aug, Mortgage Approvals – Aug, Mortgage Lending – Aug, M4 Money Supply MoM – Aug, Net Lending to Individuals MoM – Aug, FM Reeves Speech
U.S.: Pending Homes Sales MoM – Aug, Pending Home Sales YoY – Aug, Dallas Fed Manufacturing Index, Fed Waller Speech, Fed Hammack Speech, Fed Musalem Speech, Fed Williams Speech, Fed Bostic Speech, 3-Month Bill Auction, 6-Month Bill Auction
Tuesday, September 30th
Australia: RBA Interest Rate Decision, RBA Press Conference, Ai Group Industry Index – Sep, Ai Group Construction Index – Sep, Ai Group Manufacturing Index – Sep, S&P Global Manufacturing PMI Final – Sep, Cotality Dwelling Prices MoM – Sep
Brazil: Gross Debt to GDP – Aug, Nominal Budget Balance – Aug, Unemployment Rate – Aug
China: Current Account Final
Euro-Zone: ECB Machado Speech, ECB Cipollone Speech, ECB President Lagarde Speech, ECB Elderson Speech
France: PPI MoM – Aug, PPI YoY – Aug, Inflation Rate YoY Prel – Sep, Inflation Rate MoM Prel – Sep, Harmonized Inflation Rate MoM Prel – Sep, Harmonized Inflation Rate YoY Prel – Sep, Household Consumption MoM – Aug
Germany: Retail Sales MoM – Aug, Retail Sales YoY – Aug, Import Prices MoM – Aug, Import Prices YoY – Aug, Unemployed Persons – Sep, Unemployment Change – Sep, Unemployment Rate – Sep, German State CPI’s, Inflation Rate YoY Prel – Sep, Inflation Rate MoM Prel – Sep, Harmonized Inflation Rate MoM Prel – Sep, Harmonized Inflation Rate YoY Prel – Sep
Italy: PPI MoM – Aug, PPI YoY – Aug, Inflation Rate YoY Prel – Sep, Inflation Rate MoM Prel – Sep, Harmonized Inflation Rate MoM Prel – Sep, Harmonized Inflation Rate YoY Prel – Sep, Industrial Sales MoM – Sep, Industrial Sales YoY – Sep
Spain: Current Account – Jul
India: Government Budget Value – Aug, External Debt – Q2
Japan: Housing Starts YoY – Aug, Construction orders YoY – Aug, Tankan Large Manufacturers Index – Q3, Tankan Large All Industry Capex – Q3, Tankan Large Manufacturing Outlook – Q3, Tankan Large Non-Manufacturing Outlook – Q3, S&P Global Manufacturing PMI Final – Sep
Korea: Exports YoY – Sep, Imports YoY – Sep, Balance of Trade – Sep,
Mexico: Fiscal balance – Aug
New Zealand: Building Permits MoM – Aug
South Africa: M3 Money Supply YoY – Aug, c – Aug, Balance of Trade 0 Aug, Budget Balance – Aug
Switzerland: KOF Leading Indicators – Sep
U.K.: Current Account – Q2, Business Investment QoQ Final – Q2, Business Investment YoY Final – Q2, GDP Growth Rate QoQ Final – Q2, GDP Growth Rate YoY Final – Q2, BoE Lombardelli Speech, BoE Ramsden Speech, BoE L Mann Speech, BoE Breeden Speech
U.S.: FHFA House Price Index MoM, Redbook YoY – Sep/27, S&P Case-Shiller Home Price YoY – Jul, S&P Case-Shiller Home Price MoM– Jul, House price Index – Jul, House Price Index MoM – Jul, House Price Index YoY – Jul, Chicago PMI – Sep, JOLTs Job Openings – Aug, JOLTs Jobs Quits CB Consumer Confidence – Sep, Dallas Fed Services Index – Sep, Dallas Fed Services Revenues Index – Sep, API Crude oil Stock Change – Sep/26, Fed Jefferson Speech, Fed Goolsbee Speech, Fed Logan Speech
The U.S. Government’s funding will run out at 11:59 PM. If Congress fails to come to an agreement or fails to pass a stop-gap bill, the BLS will not produce data until the shutdown is over leaving the jobs report and other important economic indicators unclear.
The Reserve Bank of Australia will announce its interest rate decision on Tuesday at 12:30 AM EST and is expected to maintain its current overnight rate of 3.60%.
Wednesday, October 1st
Australia: Commodity Prices YoY – Sep, Balance of Trade – Aug, RBA Financial Stability Review, Exports MoM – Aug, Householding Spending MoM – Aug, Household Spending YoY – Aug, Imports MoM – Aug
Brazil: S&P Global Manufacturing PMI – Sep
Canada: S&P Global Manufacturing PMI – Sep, BoC Summary of Deliberations, BoC Rogers Speech
Euro-Zone: HCOB Manufacturing PMI Final – Sep, Inflation Rate YoY Flash – Sep, Core Inflation Rate YoY Flash – Sep, Inflation Rate MoM Flash – Sep. CPI Flash – Sep, ECB Elderson Speech, ECB Guindos Speech,
France: HCOB Manufacturing PMI Final – Sep
Germany: HCOB Manufacturing PMI Final – Sep
Italy: HCOB Manufacturing PMI – Sep, New Car Registrations YoY – Sep
Spain: HCOB Manufacturing PMI – Sep, New Car Sales YoY – Sep
India: RBI Interest Rate Decision, Cash Reserve Ratio, HSBC Manufacturing PMI Final – Sep, M3 Money Supply YoY – Sep/19
Korea: Inflation Rate YoY – Sep, Inflation Rate MoM– Sep, Current Account – Aug,
Mexico: Business Confidence – Sep, S&P Global Manufacturing PMI – Sep, Foreign Exchange Reserves – Sep
Singapore: URA Property Index QoQ Prel – Q3
South Africa: ABSA Manufacturing PMI – Sep, Total New Vehicle Sales – Sep
Switzerland: Retail Sales YoY – Aug, Retail Sales MoM – Aug, procure.ch Manufacturing PMI, SNB Quarterly Bulletin
U.K. Nationwide Housing Prices MoM – Sep, Nationwide Housing Prices YoY – Sep, S&P Global Manufacturing PMI Final – Sep,
U.S: MBA Mortgage Applications – Sep/26, ADP Employment Change – Sep, S&P Global US Manufacturing PMI – Sep, Final, ISM Manufacturing PMI – Sep, ISM Manufacturing Employment – Sep, ISM Manufacturing New Orders – Sep, ISM Manufacturing Prices – Sep, Construction Spending MoM – Aug, EIA Crude Oil Stocks Change – Sep/26, EIA Gasoline Stocks Change – Sep/26, 17-week Bill Auction
The Institute of Supply Management releases both its Manufacturing and Services Purchasing Managers’ Indexes for September this week. Consensus estimates are for a 49.2 reading for the Manufacturing PMI, released on Wednesday, and a 52 reading for the Services PMI, released on Friday. This compares with readings of 48.7 and 52 respectively, in August.
Thursday, October 2nd
Australia: S&P Global Composite PMI Final – Sep, S&P Global Services PMI Final – Sep,
Brazil: IPC-Fipe Inflation MoM – Sep
Canada: BoC Mendes Speech
China: Hong Kong Retail Sales YoY – Aug
Euro-Zone: Unemployment Rate – Aug, ECB Montagner Speech, ECB Guindos Speech
France: Budget Balance – Aug
Italy: Unemployment Rate – Aug
Spain: Unemployment Change – Sep, Tourist Arrivals YoY – Aug
Japan: Consumer Confidence – Sep, Unemployment Rate – Aug, Jobs/Applications ratio – Aug, S&P Global Composite PMI Final – Sep, S&P Global Services PMI Final – Sep, BOJ Uchida Speech, BOJ Gov Ueda Speech
Singapore: SIPMM Manufacturing PMI – Sep, S&P Global PMI – Sep
Switzerland: Inflation Rate YoY – Sep, Inflation Rate MoM – Sep
U.K.: DMP 1Y CPI Expectations – Sep, DMP 3M Output Price Expectations
U.S.: Challenger Job Cuts – Sep, Initial Jobless Claims – Sep/27, Continuing Jobless Claims – Sep/20, Jobless Claims 4-week Average – Sep/27, Factory Orders MoM – Aug, Factory Orders ex Transportation – Aug, Fed Balance Sheet – Oct/1, Total Vehicle Sales – Sep, Fed Logan Speech, 4-week Bill Auction, 8-week Bill Auction,
Friday, October 3rd
Brazil: Industrial Production MoM – Aug, Industrial Production YoY– Aug, S&P Global Composite PMI Final – Sep, S&P Global Services PMI Final – Sep,
Canada: S&P Global Composite PMI – Sep, S&P Global Services PMI – Sep
Euro-Zone: HCOB Composite PMI Final – Sep, HCOB Services PMI Final – Sep, PPI MoM – Aug, PPI YoY – Aug, ECB President Lagarde Speech, ECB Schnabel Speech
France: Industrial Production MoM – Aug, HCOB Composite PMI Final – Sep, HCOB Services PMI Final – Sep
Germany: HCOB Composite PMI Final – Sep, HCOB Services PMI Final – Sep, New Car Registrations YoY – Sep
Italy: HCOB Composite PMI Final – Sep, HCOB Services PMI Final – Sep, Retail Sales MoM – Aug, Retail Sales YoY – Aug,
Spain: HCOB Composite PMI Final – Sep, HCOB Services PMI Final – Sep
India: Foreign Exchange Reserves – Sep/26
Mexico: Gross Fixed Investment MoM – Jul, Gross Fixed Investment YoY – Jul
Singapore: Retail Sales MoM – Aug, Retail Sales YoY – Aug
South Africa: S&P Global PMI – Sep
U.K.: S&P Global Composite PMI Final – Sep, S&P Global Services PMI Final – Sep, BoE Gov Bailey Speech
U.S.: Non-Farm Payrolls – Sep, Unemployment Rate – Sep, ISM Services PMI – Sep, Average Hourly Earnings MoM – Sep, Average Hourly Earnings YoY– Sep, Labor Force Participation Rate – Sep, Avg Weekly Hours – Sep, Govt Payrolls – Sep, Manufacturing Payrolls – Sep, Nonfarm Payrolls Private – Sep, U-6 Unemployment Rate – Sep, ISM Services Business Activity – Sep, ISM Services Employment, ISM Services New Orders – Sep, ISM Services Prices – Sep, Fed Jefferson Speech, Fed Williams Speech
The Bureau of Labor Statistics releases the jobs report for September. Economists forecast an increase of 50,000 in nonfarm payrolls, after a 22,000 gain in August. The unemployment rate is expected to remain unchanged at 4.3%. Jobs growth has averaged only 26,750 a month over the past four months, and a weakening labor market has been flagged by several Federal Reserve governors as justification for accelerated cuts to the federal-funds rate. But the unemployment rate is low by historical standards, and layoffs remain muted in a “no hire, no fire” dynamic.
Bold denotes likely market-moving newsflash which traders consider significant to foreign exchange levels or otherwise important/noteworthy information, i.e., market holiday’s which will affect standard settlement dates.
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