Week Ahead: Economic Events to Watch (September 23–26)

Tuesday, September 17 – PMI Day Across Europe, UK & U.S.

• Eurozone:

  • Composite PMI (Sep, Prel.) – expected at 50.5 (previous 50.5)

  • Manufacturing PMI – expected at 50 (previous 49.8)

  • Services PMI – expected at 49.5 (previous 49.3)

  • Composite PMI – expected at 51.1 (previous 51.0)

  • Manufacturing PMI – expected at 50.9 (previous 50.7)

  • Services PMI – steady at 50.5

• United Kingdom (S&P Global PMI):

  • Composite PMI – forecast 52.7 vs. 53.5 prior

  • Manufacturing PMI – expected 47, unchanged

  • Services PMI – forecast 53.5 vs. 54.2 prior

• United States (S&P Global PMI, 16:45 GMT):

  • Manufacturing PMI – expected 52 (prior 53)

  • Services PMI – forecast 53.9 vs. 54.5 prior

• Fed Chair Powell Speech (19:35 GMT)

• Bank of Canada Governor Macklem Speech (21:30 GMT)

Wednesday, September 24 – Australia Inflation

• Australia CPI (YoY, Aug) – forecast 2.9% vs. 2.8% prior

Thursday, September 25 – SNB Rate Decision & U.S. GDP

• Swiss National Bank Interest Rate Decision (10:30 GMT)

• SNB Monetary Policy Assessment & Press Conference 

• U.S. GDP (Q2, Annualized, 15:30 GMT) 

Friday, September 26 – Japan Inflation & U.S. PCE

• Japan Tokyo CPI (Sep, YoY)

  • Headline: previous 2.6%

  • Core (ex food, energy): previous 3%

• United States Core PCE (Aug, 15:30 GMT)

  • MoM: forecast 0.2% vs. 0.3% prior

  • YoY: steady at 2.9%