Market Analysis

Economic Diary:
Week Commencing 29/09/25


Monday 29 September

Indicator Previous Expected Actual
Money Supply M4   0.1% 0.4%
Business Climate Business Climate Chart -0.72 -0.76
Industrial Sentiment Industrial Sentiment Chart -10.3 -10.9 -10.3
Consumer Confidence Consumer Confidence Chart -14.9 -14.9 -14.9
Economic Sentiment Economic Sentiment Chart 95.2 95.2 95.5
Services Sentiment Services Sentiment Chart 3.6 3.7 3.6
Retail Sales Month on Month (sa) Retail Sales Month on Month (sa) Chart 0.00%
Retail Sales Year on Year (nsa) Retail Sales Year on Year (nsa) Chart 1.80%
Pending Home Sales Month on Month Pending Home Sales Month on Month Chart -0.4% 0.2% +4.0%

Tuesday 30 September

Indicator Previous Expected Actual
Retail Sales Year on Year Retail Sales Year on Year Chart 0.3% 1.0% -1.1%
Industrial Production Prelim   -1.2% -0.8% -1.2%
PMI Manufacturing (China) PMI Manufacturing (China) Chart 49.4 49.6 49.8
RBA Cash Rate RBA Cash Rate Chart 3.60% 3.60%
Retail Sales Year on Year Retail Sales Year on Year Chart 1.9% 1.8% +1.8%
GDP Final Year on Year   1.2% 1.2% 1.4%
GDP Final Quarter on Quarter GDP Final Quarter on Quarter Chart 0.3% 0.3% 0.3%
Current Account Current Account Chart -23.456Bln GB -24.950Bln GB -28.939Bln GB
Retail Sales Month on Month Retail Sales Month on Month Chart -1.5% 0.6% -0.2%
PPI Month on Month PPI Month on Month Chart 0.4% -0.2%
Unemployment Change (sa) Unemployment Change (sa) Chart -7k 8k 14k
Unemployment Rate (sa) Unemployment Rate (sa) Chart 6.3% 6.3% 6.3%
PPI Year on Year PPI Year on Year Chart 1.6% 0.2%
PPI Month on Month PPI Month on Month Chart 0.5% -0.6%
Retail Sales Month on Month (sa) Retail Sales Month on Month (sa) Chart 0.00%
CPI Final Month on Month   0.1% 0.1% 0.2%
Retail Sales Year on Year (nsa) Retail Sales Year on Year (nsa) Chart 1.80%
Consumer Confidence Consumer Confidence Chart 97.4 96.0 94.2

Wednesday 01 October

Indicator Previous Expected Actual
Tankan Big Manufacturers Index Tankan Big Manufacturers Index Chart 13 15 14
Tankan Big Non-Manufacturers Index Tankan Big Non-Manufacturers Index Chart 34 34 34
PMI Manufacturing   48.4 48.5
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 2.1% 1.8% 2.2%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart -0.1% 0.2% 0.5%
PMI Manufacturing   50.4 50.0 49.0
PMI Manufacturing   48.1 48.1 48.2
PMI Manufacturing   48.5 48.5 49.5
PMI Manufacturing   49.5 49.5 49.8
PMI Manufacturing   46.2 46.2 46.2
ADP employment report ADP employment report Chart 54k 50k -32k
Non-Farm Payrolls Non-Farm Payrolls Chart 22k 50k
Unemployment Rate Unemployment Rate Chart 4.3% 4.3%
Average Earnings Average Earnings Chart 0.3% 0.3%
PMI Manufacturing   48.3 47.7
ISM Manufacturing PMI ISM Manufacturing PMI Chart 48.7 49.0 49.1
EIA Weekly Crude Oil Stocks   -0.607Mln 1.048Mln 1.792Mln

Thursday 02 October

Indicator Previous Expected Actual
Consumer Confidence Consumer Confidence Chart 34.9 35.3
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 2.2%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.5%
Unemployment Rate   6.0% 6.0% 6.0%
Unemployment Rate Unemployment Rate Chart 6.2% 6.2% 6.3%
Weekly Jobless Claims Weekly Jobless Claims Chart 218k 223k
Unemployment Rate Unemployment Rate Chart 4.3% 4.3%
Average Earnings Average Earnings Chart 0.3% 0.3%
Non-Farm Payrolls Non-Farm Payrolls Chart 22k 50k
Factory Orders Factory Orders Chart -1.3% 1.4%

Friday 03 October

Indicator Previous Expected Actual
Unemployment Rate Unemployment Rate Chart 2.3% 2.4% 2.6%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.5%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 2.2%
Industrial Production Month on Month   -1.1% 0.2% -0.7%
PMI Services   51.5 51.5 52.5
PMI Services   48.9 48.9 48.5
PMI Services   52.5 52.5 51.5
PMI Services   51.4 51.4 51.3
Retail Sales Year on Year (nsa) Retail Sales Year on Year (nsa) Chart 1.80% +0.5%
Retail Sales Month on Month (sa) Retail Sales Month on Month (sa) Chart 0.00% -0.1%
PMI Composite   51.2 51.2 51.2
PMI Services   51.9 51.9 50.8
PPI Year on Year PPI Year on Year Chart 0.2% -0.4% -0.6%
PPI Month on Month PPI Month on Month Chart 0.4% -0.1% -0.3%
Average Earnings Average Earnings Chart 0.3% 0.3%
Weekly Jobless Claims Weekly Jobless Claims Chart 218k 223k
Non-Farm Payrolls Non-Farm Payrolls Chart 22k 50k
Unemployment Rate Unemployment Rate Chart 4.3% 4.3%
ISM Non Manufacturing New Orders ISM Non Manufacturing New Orders Chart 56.0 50.4
Factory Orders Factory Orders Chart -1.3% 1.4%
ISM Non Manufacturing Employment ISM Non Manufacturing Employment Chart 46.5 47.2
ISM Non Manufacturing Business Activity ISM Non Manufacturing Business Activity Chart 55.0 51.8 49.9
ISM Non Manufacturing Prices Paid ISM Non Manufacturing Prices Paid Chart 69.2 69.4
ISM Non-Manufacturing PMI ISM Non-Manufacturing PMI Chart 52.0 51.7 50.0

Monday 06 October

Indicator Previous Expected Actual
Retail Sales Year on Year Retail Sales Year on Year Chart 2.2%
Retail Sales Month on Month Retail Sales Month on Month Chart -0.5% 0.1%

Tuesday 07 October

Indicator Previous Expected Actual
Consumer Sentiment Consumer Sentiment Chart -3.1%
House Price Index UK (Halifax) House Price Index UK (Halifax) Chart 0.3% 0.2%
Trade Balance Trade Balance Chart -5.560Bln EU
Trade Balance Trade Balance Chart -78.3Bln US -60.4Bln US
Trade Balance Trade Balance Chart -4.94Bln CA -5.55Bln CA

Wednesday 08 October

Indicator Previous Expected Actual
RBNZ Rate Decision RBNZ Rate Decision Chart 3.00% 2.75%
Industrial Production Month on Month Industrial Production Month on Month Chart 1.3% -1.0%
EIA Weekly Crude Oil Stocks   1.792Mln

Thursday 09 October

Indicator Previous Expected Actual
Trade Balance Trade Balance Chart 14.7Bln EU 15.2Bln EU

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