Calendar of macroeconomic data and events25 September 2026

中文标题

宏观经济数据与事件日历 · 2026年9月25日

Intesa Sanpaolo09/25/2026updated 10/17/2026

Multiple economies

Citable research brief

Core conclusion · Tlines extraction

This is Intesa Sanpaolo's macroeconomic calendar for 28 September–2 October 2026, listing scheduled data releases and central bank events for the US, eurozone, Germany, France, Italy, Spain, UK, Japan, China and Switzerland. Consensus points to a US September nonfarm payroll rise of 100k, an unemployment rate of 4.2% and core PCE inflation of 0.3% m/m; eurozone September CPI is estimated at 3.5% y/y, with core at 2.1%. Heavy ECB and Fed speaker schedules accompany the data.

Institution: Intesa Sanpaolo
Published: 09/25/2026
Research topic: Not explicitly stated
Time horizon: September 2026

Key arguments

The week's focus is the US September employment report, with payrolls seen at 100k after 162k, unemployment at 4.2% from 4.1% and average hourly earnings at 0.3% m/m.
Eurozone September flash CPI is expected at 3.5% y/y, down from 3.3% previously listed, with the core measure seen at 2.1% y/y.
US August core PCE is forecast at 0.3% m/m and 3.3% y/y, alongside a 1.6% annualised Q2 GDP revision.
A dense ECB and Fed speaker schedule runs through the week, including Lagarde in Brussels and Frankfurt, plus multiple Fed appearances.

Key numbers

US nonfarm payrolls, September consensus: 100k (previous 162k)
US unemployment rate, September consensus: 4.2% (previous 4.1%)
Eurozone CPI estimate, September consensus: 3.5% y/y (previous 3.3% listed)
US core PCE, August consensus: 0.3% m/m; 3.3% y/y
US ISM manufacturing, September consensus: 54.8 (previous 54.6)

Main risks

Actual data may diverge from consensus, shifting rate expectations beyond what the calendar implies.
Central bank speakers may alter the interpretation of the scheduled data releases.
The calendar flags that some release dates are only first likely dates and may be moved.

Corresponding source evidence

Goods Trade Balance Aug -118.8 Bn $ -108.5 15:45 US Chicago Purchasing Manager * Sep 47.1 Note: (?) First likely date; (**) very important; (*) important .
25 September 2026 Appendix Analyst Certification and Other Important Disclosures The analysts drafting this report state that the opinions, forecasts, and estimates contained herein are the result of independent and subjective evaluation of the data and information obtained and no part of their compensation has been, is, or will be dir ectly or indi rectly linked to the views expressed. · September 2026

Context: the conclusion is Tlines' automated extraction, not the institution's wording. Quoted evidence is publisher wording. Scope and date must travel with the conclusion.

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