Economic Calendar

List of important economic releases

Time Impact
Currency
Event
Previous
Forecast
Actual
Dec 16, 2025

00:00

NZD
Half Year Economic and Fiscal Update
{previous}
{forecast}
{actual}

00:30

JPY
S&P Global Manufacturing PMI Flash
{previous} 48.7
{forecast} 48.8
{actual} 49.7
The au Jibun Bank Japan Manufacturing PMI is compiled by S&P Global from responses to monthly questionnaires sent to purchasing managers in a panel of around 400 manufacturers. The headline figure is the Purchasing Managers’ Index (PMI), which is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease.

00:30

JPY
S&P Global Services PMI Flash
{previous} 53.2
{forecast}
{actual} 52.5
The au Jibun Bank Japan Services PMI is compiled by S&P Global from responses to questionnaires sent to a panel of around 400 service sector companies. The sectors covered include consumer (excluding retail), transport, information, communication, finance, insurance, real estate and business services. The headline figure is the Services Business Activity Index. This is a diffusion index calculated from a question that asks for changes in the volume of business activity compared with one month previously. The Services Business Activity Index is comparable to the Manufacturing Output Index. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease.

00:30

JPY
S&P Global Composite PMI Flash
{previous} 52.0
{forecast}
{actual} 51.5
The au Jibun Bank Japan Composite PMI Output Index, which is a weighted average of the Manufacturing Output Index and the Services Business Activity Index, tracks business trends across private sector activity based on data collected from a representative panel of around 800 companies. The index tracks variables such as sales, new orders, employment, inventories and prices. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease.

01:35

NZD
3-Month Bill Auction
{previous}
{forecast}
{actual}

01:35

NZD
1-Year Bill Auction
{previous}
{forecast}
{actual}

01:35

NZD
6-Month Bill Auction
{previous}
{forecast}
{actual}

07:00

GBP
HMRC Payrolls Change
{previous} -32K
{forecast}
{actual}
In the UK, the number of payrolled employees is defined as the number of people receiving paid remuneration included in PAYE RTI within the reference period, including people who have not done work but are an employee - such as those on paid leave.

07:00

GBP
Employment Change
{previous} -22K
{forecast}
{actual}
In the United Kingdom, employment change refers to the 3-month moving average compared to the previous period in the number of people in employment aged 16 and over.

07:00

GBP
Average Earnings incl. Bonus (3Mo/Yr)
{previous} 4.8%
{forecast} 4.4%
{actual}
In the United Kingdom, wage growth refers to changes in average weekly earnings, before tax and other deductions and including bonuses.

07:00

GBP
Average Earnings excl. Bonus (3Mo/Yr)
{previous} 4.6%
{forecast} 4.5%
{actual}
In the United Kingdom, Average Earnings Excluding Bonuses refers to changes in average weekly earnings, before tax and other deductions and excluding bonuses.

07:00

CNY
FDI (YTD) YoY
{previous} -10.3%
{forecast}
{actual}
In China, Foreign Direct Investment refers to foreign capital actually utilized, which is to the amount which has been actually used according to the agreements and contracts, including cash, materials and invisible capital such as labor service and technology which both parties agree to take as an investment.

07:00

GBP
Claimant Count Change
{previous} 29K
{forecast} 22.3K
{actual}
Claimant count in the United Kingdom measures the change in the number of people claiming unemployment related benefits.

07:00

GBP
Unemployment Rate
{previous} 5%
{forecast} 5.1%
{actual}
In the United Kingdom, the headline unemployment rate is the number of unemployed people (aged 16+) divided by the economically active population (aged 16+).

09:00

EUR
HCOB Manufacturing PMI Flash
{previous} 49.6
{forecast} 49.9
{actual}
The HCOB Eurozone Manufacturing PMI is compiled by S&P Global from responses to monthly questionnaires sent to survey panels of manufacturers in Germany, France, Italy, Spain, the Netherlands, Austria, Ireland and Greece, totaling around 3,000 private sector companies. The headline figure is the Purchasing Managers’ Index (PMI), which is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease.

09:00

EUR
HCOB Services PMI Flash
{previous} 53.6
{forecast} 53.3
{actual}
The HCOB Eurozone Services PMI is compiled by S&P Global from responses to questionnaires sent to a panel of service providers in Germany, France, Italy, Spain and Ireland. The sectors covered include consumer (excluding retail), transport, information, communication, finance, insurance, real estate and business services. The headline figure is the Services Business Activity Index. This is a diffusion index calculated from a question that asks for changes in the volume of business activity compared with one month previously. The Services Business Activity Index is comparable to the Manufacturing Output Index. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease.

09:00

EUR
HCOB Composite PMI Flash
{previous} 52.8
{forecast} 53
{actual}
The HCOB Eurozone Composite Output Index, which is a weighted average of the Manufacturing Output Index and the Services Business Activity Index, is compiled by S&P Global from responses to questionnaires sent to survey panels of manufacturers in Germany, France, Italy, Spain, the Netherlands, Austria, Ireland and Greece, and of service providers in Germany, France, Italy, Spain and Ireland, totaling around 5,000 private sector companies. The index tracks variables such as sales, new orders, employment, inventories and prices; and varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease.

09:30

GBP
S&P Global Services PMI Flash
{previous} 51.3
{forecast} 51.5
{actual}
The S&P Global/CIPS UK Services PMI (Purchasing Managers' Index) is based on data collected from companies in the transport and communication sector, financial intermediation, business services, personal services, computing and IT and hotels and restaurants. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. .

09:30

GBP
S&P Global Composite PMI Flash
{previous} 51.2
{forecast} 51.4
{actual}
The UK Composite PMI is a weighted average of the Manufacturing Output Index and the Services Business Activity Index.

09:30

GBP
S&P Global Manufacturing PMI Flash
{previous} 50.2
{forecast} 50.5
{actual}
Markit/CIPS UK Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 600 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.

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