The Week Ahead: Key Economic Events to Watch for September 1 – 5, 2025 

The first week of September features several high-impact economic events that could set the tone for markets. Key releases include US ISM manufacturing and services data, Australia’s GDP, Switzerland’s inflation report, and Canada’s employment figures. The spotlight, however, will be on Friday’s US Nonfarm Payrolls, a closely watched gauge of labor market strength that often drives major moves in currencies, bonds, and equities. Alongside these data points, earnings from major tech companies will also be in focus. 

High Impact Economic Events 

Tuesday 17:00 (GMT+3) – USA: ISM Manufacturing PMI (USD) 

Wednesday 04:30 am (GMT+3) – Australia: GDP q/q (AUD) 

Thursday 09:30 am (GMT+3) – Switzerland: CPI m/m (CHF) 

Thursday 17:00 (GMT+3) – USA – ISM Services PMI (USD) 

Friday 15:30 (GMT+3) – Canada: Employment Change (CAD) 

Friday 15:30 (GMT+3) – USA: Non-Farm Employment Change (USD) 

Tuesday, September 2 

17:00 – USA: ISM Manufacturing PMI (USD) 

The Manufacturing PMI is a monthly survey of US manufacturing activity. It includes a composite index that indicates sector expansion if above 50% and contraction if below. The report tracks changes in key indicators like New Orders, Production, and Employment, offering insights into the manufacturing sector’s health and the broader economy. 

In July, US manufacturing contracted for the fifth month in a row as the Manufacturing PMI slipped to 48 percent from 49 percent in June. New orders and backlogs fell at a slower pace, while production increased slightly, but companies continued to cut jobs. Prices rose more slowly, and supply chains improved as demand weakened. Overall, nearly four-fifths of the sector was in decline, with many major industries facing deep contraction. 

Analysts expect a slightly better, though still contractionary, reading of 48.9%. 

Wednesday, September 3 

04:30 am – Australia: GDP q/q (AUD) 

The total market value of all goods and services produced within Australia during a specific time period is known as the GDP. 

GDP growth may have a positive effect on the Australian dollar quotes. 

Last quarter, GDP rose by 0.2 percent and was up 1.3 percent since March 2024, but momentum slowed. The public sector made its largest negative contribution to growth since late 2017, while extreme weather weighed on demand and exports. Mining, tourism, and shipping were hit the hardest. 

Economists anticipate a quarterly growth rate of 0.5%. 

Thursday, September 4 

09:30 am – Switzerland: CPI m/m (CHF) 

The Consumer Price Index (CPI) tracks the changes in the prices of goods and services that reflect the spending habits of private households in Switzerland. 

It shows how much consumers need to adjust their spending to maintain the same level of consumption despite price fluctuations. 

In July, the consumer price index held steady at 107.8 points, showing no change from the previous month and a modest 0.2 percent rise from a year earlier, according to the Federal Statistical Office. Falling prices for package holidays, air travel, and seasonal clothing sales were offset by higher costs for hotels, accommodation, and private transport hire. 

Economists expect that there will be no changes in the upcoming Consumer Price Index release. 

17:00 – USA: ISM Services PMI (USD) 

The ISM Services PMI measures activity in the US service sector for the reporting month. It is derived from a survey of supply executives in the services sector. Readings above 50 can have a positive effect on US dollar quotes. 

In July, US services activity grew for the second straight month, with the Services PMI at 50.1 percent, just above the 50 percent threshold that separates growth from contraction. Business activity and new orders remained in expansion but slowed compared with June, while employment contracted for the fourth time in five months as companies stayed cautious about hiring. Prices rose sharply, reaching their highest level since late 2022, and supplier deliveries slowed, signaling some pressure on supply chains. Overall, 11 industries reported growth, but the pace of expansion was weaker than the recent 12-month average. 

Economists expect the PMI to edge up to 50.5%, signaling slight growth. 

Friday, September 5 

15:30 – Canada: Employment Change (CAD) 

Change in the number of employed individuals in the previous month. In general, when the actual figure is greater than the forecast, it is positive for the currency. 

In July, employment fell by 41,000, or 0.2 percent, bringing the employment rate down to 60.7 percent while the unemployment rate held steady at 6.9 percent. Most of the losses were among young workers aged 15 to 24, while employment for core-aged and older workers was little changed. The biggest declines were in information, culture and recreation, as well as construction, with Alberta and British Columbia seeing notable job losses. 

Analysts expect employment to rise by 9,400. 

15:30 – USA: Non-Farm Employment Change (USD) 

The Nonfarm Payrolls report shows the number of new jobs added in the US across all non-agricultural sectors for a given month. An increase in this indicator can positively impact the value of the dollar. 

In July, US nonfarm payrolls rose by 73,000, showing little change since April, while the unemployment rate held steady at 4.2 percent, according to the Bureau of Labor Statistics. Job growth was concentrated in health care and social assistance, while the federal government continued to lose jobs. Long-term unemployment increased to 1.8 million, accounting for nearly a quarter of the jobless, and the labor force participation rate remained subdued at 62.2 percent. 

Economists anticipate 74,000 new jobs. 

Company Earnings (September 1 -5) 

Wednesday, September 3: FIG (Figma, Inc.) 

Wednesday, September 3: CRM (Salesforce, Inc.) 

Wednesday, September 3: HPE (Hewlett Packard Enterprise Company) 

Thursday, September 4: AVGO (Broadcom Inc.) 

Conclusion 

With manufacturing, services, inflation, and employment data all scheduled for release, along with closely watched US Nonfarm Payrolls and major tech earnings, the first week of September is set to deliver important signals on global growth and labor market conditions. Traders and investors should be prepared for heightened volatility as markets digest these key indicators.