Key Economic Events to Watch for September 8 – 12, 2025

Markets face a busy week with several key releases that could drive volatility across major currencies. US inflation and labor data will be in focus with the Producer Price Index (PPI), Consumer Price Index (CPI), and weekly jobless claims, alongside the University of Michigan consumer sentiment survey. In Europe, the ECB interest rate decision will test expectations for steady policy, while in the UK, monthly GDP data will gauge the economy’s resilience. On the corporate side, earnings from Oracle, Adobe, and Kroger will also attract investor attention. 

High Impact Economic Events 

Wednesday 15:30 (GMT+3) – USA: PPI m/m (USD) 

Thursday 15:15 (GMT+3) – Europe: Main Refinancing Rate (EUR) 

Thursday 17:30 (GMT+3) – USA: CPI m/m (USD) 

Thursday 15:30 (GMT+3) – USA: Unemployment Claims (USD) 

Friday 09:00 (GMT+3) – UK: GDP m/m (GBP) 

Friday 17:00 (GMT+3) – USA: Prelim UoM Consumer Sentiment (USD) 

Wednesday, September 10 

15:30 – USA: PPI m/m (USD) 

The Producer Price Index (PPI) measures the average change in prices received by producers for goods, services, and construction. The PPI covers a broad range of industries and is used alongside other economic indicators like the Consumer Price Index (CPI), which measures price changes from the buyer’s perspective. Growth in the index can have a positive effect on dollar quotes. 

In July, the US Producer Price Index (PPI) for final demand rose 0.9%, the sharpest monthly increase since 2022, after being flat in June and up 0.4% in May. Over the past year, PPI advanced 3.3%, the largest 12-month gain since February 2025. The rise was driven mainly by services (+1.1%), while goods prices increased 0.7%. Excluding food, energy, and trade services, core PPI climbed 0.6% in July and 2.8% year over year. 

Analysts are anticipating a more modest 0.3% rise in the next update. 

Thursday, September 11 

15:15 – Europe: Main Refinancing Rate (EUR) 

The ECB Interest Rate Decision is announced after the European Central Bank meetings, during which the eurozone’s monetary policy is discussed. The interest rate decisions are made depending on the inflationary outlook and economic growth. 

Cut in deposit rates may have a negative effect on EUR quotes. 

In July, the ECB kept key interest rates unchanged at 2.00%, 2.15%, and 2.40%, noting inflation is at its 2% target and domestic price pressures are easing. The economy has shown resilience despite global uncertainties, particularly trade disputes. Asset holdings under APP (Asset Purchase Programme) and PEPP (Pandemic Emergency Purchase Programme) continue to decline, while policy remains data-dependent with no preset rate path. 

Economists expect the ECB to keep rates unchanged at its next meeting. 

15:30 – USA: CPI m/m (USD) 

The Consumer Price Index (CPI) measures the change in prices paid by consumers for a basket of goods and services, reflecting spending patterns of urban consumers and wage earners. It includes indexes like CPI-U for all urban consumers and CPI-W for urban wage earners, covering over 90% of the US population. CPI tracks inflation by comparing current prices to a reference base period. 

In July, the US Consumer Price Index (CPI) rose 0.2%, easing from June’s 0.3% gain, while annual inflation held at 2.7%. Shelter costs drove the monthly increase, offsetting a 1.1% drop in energy. Food prices were flat, with dining out up and groceries slightly down. Core CPI (excluding food and energy) rose 0.3% in July and 3.1% year over year, led by medical care, travel, and household goods. 

Economists expect CPI to rise 0.3% in the upcoming release. 

15:30 – USA: Unemployment Claims (USD) 

An initial claim is filed by an unemployed individual seeking eligibility for unemployment insurance after leaving a job. This count serves as a leading economic indicator, reflecting labor market conditions. 

In the week ending August 30, US initial jobless claims rose to 237,000, up 8,000 from the prior week, while the 4-week average edged higher to 231,000. The insured unemployment rate held at 1.3%, with continuing claims slipping to 1.94 million, and the 4-week average of continuing claims easing to 1.95 million. 

Economists forecast initial claims of 234,000. 

Friday, September 12 

09:00 am – UK: GDP m/m (GBP) 

Gross Domestic Product (GDP) represents the value of all goods and services produced in the UK in the current month compared to the previous month. The GDP calculation also includes expenditure on manufactured goods and provided services. Growth in GDP may have a positive effect on the pound quotes. 

In June 2025, UK GDP grew 0.4%, rebounding from small declines in April and May. Growth was broad-based, with services up 0.3%, production 0.7%, and construction 0.3%. Over the three months to June, GDP rose 0.3%, led by services (+0.4%) and construction (+1.2%), partly offset by a 0.3% fall in production. Compared with a year earlier, GDP was 1.4% higher in June. 

Looking ahead, economists forecast flat GDP growth. 

17:00 – USA: Prelim UoM Consumer Sentiment (USD) 

The University of Michigan Consumer Sentiment Index is a monthly measure of how consumers perceive current and future economic conditions. Based on a survey of approximately 500 households, it provides insight into consumer confidence and spending behavior. The index is released in two stages: a preliminary estimate and a final revised figure, with the preliminary version typically having a stronger market impact. A higher-than-expected reading generally supports a stronger US dollar, while a weaker reading may signal economic concerns and pressure the dollar lower. 

In August, U.S. consumer sentiment fell 6% from July, though it remains above spring levels, and is still well below last year’s. Weaker views on buying conditions, personal finances, and business prospects drove the decline. Year-ahead inflation expectations rose to 4.8% from 4.5%, while long-run expectations edged up to 3.5%, ending recent declines but staying below the highs of April and May 2025. 

Economists anticipate a consumer sentiment reading of 58.0 in the upcoming release. 

Company Earnings (September 8 -12) 

Tuesday, September 9: ORCL (Oracle Corporation) 

Thursday, September 11: ADB (Adobe Inc.) 

Thursday, September 11: KR (The Kroger Co.) 

Conclusion 

With inflation, labor market data, and central bank decisions on deck, markets are set for a volatile week. US price reports and jobless claims will shape expectations for the Fed’s policy path, while the ECB and UK GDP figures provide key signals for the euro and pound. Alongside this, consumer sentiment and major corporate earnings add further layers for traders and investors to watch closely.