A heavy U.S. data run (confidence, housing, GDP, PCE) anchors the week, while Europe delivers key sentiment and preliminary August inflation prints from the big four. Asia focuses on Japanese price and activity gauges, plus rate decisions in South Korea and the Philippines. Canada posts Q2 GDP to close the week. UK has a market holiday on Monday.
📅 Monday, 25 August 2025
- United Kingdom: Summer Bank Holiday (London markets closed).
- Germany: Ifo Business Climate (Aug) – headline sentiment, current assessment, expectations.
- Japan: Leading Index / Coincident Index (Final, Jun) – composite signals for near-term momentum.
- United States: New Home Sales (Jul) – single-family demand pulse and supply-months lens.
📅 Tuesday, 26 August 2025
- United States
- Conference Board Consumer Confidence (Aug) – headline confidence, expectations vs present situation.
- S&P CoreLogic Case-Shiller Home Price (Jun) – 20-city index, national gauge for home prices.
- Durable Goods Orders (Jul, advance) – headline orders and core capital goods proxy for capex.
- Euro Area / EU: Economic Sentiment Indicators (Aug) – industry, services, consumer sentiment broad check.
- Switzerland: SECO KOF-adj. sentiment snippets may color the regional backdrop.
📅 Wednesday, 27 August 2025
- Germany: GfK Consumer Climate (Sep) – household mood heading into September.
- Australia: Construction Work Done (Q2) – building and engineering pipeline signal for GDP nowcasts.
- Switzerland: Q2 GDP (first full release guidance this week; flash already noted mid-Aug) – growth composition watch.
- United States: Advance International Trade in Goods (Jul) and Advance Wholesale/Retail Inventories (Jul) – inputs to GDP tracking.
📅 Thursday, 28 August 2025
- United States
- GDP (Q2, Second Estimate) – growth revision, consumption/inventories contribution updates.
- Pending Home Sales (Jul) – forward look for existing home sales.
- Germany / France / Spain / Italy: Flash CPI (Aug, country-level) – the first look at August inflation ahead of the euro-area print.
- Switzerland: Q2 GDP (official publication day) – full detail on growth, with services vs industry split.
- South Korea (BoK): Policy Rate Decision – vote, statement, and growth/price assessment.
- Philippines (BSP): Monetary Board Policy Decision – rate, guidance on inflation path and growth risks.
- New Zealand: ANZ Business Outlook (Aug) – headline business confidence and activity intentions.
📅Friday, 29 August 2025
- United States
- Personal Income & Outlays (Jul) including PCE Price Index and Core PCE – the Fed’s preferred inflation gauge, plus real spending.
- Wholesale Inventories (Jul, full) – confirms inventory swing for Q3 tracking.
- Canada: GDP (Q2) & Monthly GDP (Jun) – growth handoff into Q3; goods vs services split.
- Japan
- Tokyo CPI (Aug) – the timeliest read on nationwide inflation trend.
- Jobs/Unemployment (Jul) and Retail Sales (Jul) – labor tightness and household demand check.
- Euro Area core: Additional flash CPI updates where scheduled; national follow-ups may trickle through the morning.
Heads-Up & Context Notes
Euro inflation sequence: Country flashes (Germany, France, Spain, Italy) arrive Thu, framing the euro-area flash due the following week.
US growth-inflation mix: The GDP second estimate (Thu) and PCE inflation (Fri) provide a compact read on the growth-price setup heading into September.
APAC policy: BoK and BSP decisions land within hours of European CPI flashes, a busy cross-region window for FX.
UK markets: Closed Monday; liquidity and GBP flows can be patchy at the week’s start.
Quick Impact Guide
- Top-tier for USD: Thu GDP (Q2 2nd); Fri Core PCE (Jul); Tue CB Confidence.
- Top-tier for EUR: Thu DE/FR/ES/IT Flash CPI (Aug); Mon Ifo; Wed GfK; Tue EA Sentiment.
- Top-tier for JPY: Fri Tokyo CPI (Aug) plus Retail Sales and Jobs.
- Top-tier for CAD: Fri Q2 GDP & Monthly GDP.
- Top-tier for KRW / PHP: Thu BoK and BSP rate decisions.
- AUD lens: Wed Construction Work Done (Q2) informs the domestic demand/GDP picture.
