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Manufacturing PMIs and U.S. Labor Data Headline Busy Global Week

A comprehensive weekly macro calendar in Eastern Time (ET, UTC-5), featuring global PMI releases, Eurozone inflation data, U.S. labor market reports and key central bank events.

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Olivia Carter Olivia Carter
macro-calendar
Photo: finmire.com

From an editorial perspective, the significance lies in the sequencing. Markets will digest a synchronised wave of global PMI surveys before turning to inflation prints, central bank communication and, ultimately, the U.S. Nonfarm Payrolls report.

All events below are listed in Eastern Time.

Monday

  • Australia – Manufacturing PMI (Feb) – 5:00 pm
  • Japan – Manufacturing PMI (Feb) – 7:30 pm
  • India – Manufacturing PMI (Feb) – 12:00 am
  • Russia – Manufacturing PMI (Feb) – 1:00 am
  • Switzerland – Manufacturing PMI (Feb) – 3:30 am
  • Germany – Manufacturing PMI (Feb) – 3:55 am
  • Eurozone – Manufacturing PMI (Feb) – 4:00 am
  • United Kingdom – Manufacturing PMI (Feb) – 4:30 am
  • Brazil – Manufacturing PMI (Feb) – 8:00 am
  • ECB President Christine Lagarde – 9:00 am
  • Canada – Manufacturing PMI (Feb) – 9:30 am
  • United States – S&P Manufacturing PMI (Feb) – 9:45 am
  • United States – ISM Manufacturing PMI (Feb) – 10:00 am
  • RBA Governor speech – 2:10 pm
  • U.S. Crude Oil Inventories (API) – 4:30 pm
  • BOJ Governor speech – 9:00 pm

Tuesday

  • Turkey – CPI (Feb) – 2:00 am
  • Eurozone – CPI (Preliminary, Feb) – 5:00 am
  • Brazil – GDP (Q4 2025) – 7:00 am
  • India – Market Holiday (Holi)
  • Friedrich Merz meets U.S. President Donald Trump in Washington
  • Australia – Services & Composite PMI (Feb) – 5:00 pm
  • Australia – GDP (Q4 2024) – 7:30 pm
  • China – Caixin Manufacturing/Services/Composite PMI (Feb) – 8:45 pm

Wednesday

  • India – Services & Composite PMI (Feb) – 12:00 am
  • Russia – Services & Composite PMI (Feb) – 1:00 am
  • Switzerland – CPI (Feb) – 2:30 am
  • Germany – Services & Composite PMI (Feb) – 3:55 am
  • Eurozone – Services & Composite PMI (Feb) – 4:00 am
  • United Kingdom – Services & Composite PMI (Feb) – 4:30 am
  • Eurozone – PPI (Jan) – 5:00 am
  • Eurozone – Unemployment (Jan) – 5:00 am
  • Brazil – Services & Composite PMI (Feb) – 8:00 am
  • United States – ADP Nonfarm Employment (Feb) – 8:15 am
  • Canada – Services & Composite PMI (Feb) – 9:30 am
  • United States – S&P Composite PMI (Feb) – 9:45 am
  • United States – ISM Services PMI (Feb) – 10:00 am
  • U.S. Crude Oil Inventories (EIA) – 10:30 am
  • Russia – CPI – 11:00 am
  • Federal Reserve Beige Book – 2:00 pm

Thursday

  • ECB Meeting Minutes – 9:30 am
  • United States – Initial Jobless Claims – 10:30 am
  • United States – Trade Balance (Jan) – 10:30 am
  • United States – Factory Orders (Jan) – 12:00 pm
  • U.S. Natural Gas Inventories (EIA) – 12:30 pm
  • ECB President Christine Lagarde – 2:00 pm

Friday

  • ECB President Christine Lagarde – 7:00 am
  • Eurozone – GDP (Q4 2024) – 7:00 am
  • United States – Nonfarm Payrolls (Feb) – 10:30 am
  • United States – Unemployment Rate (Feb) – 10:30 am

Market Focus

The week begins with a broad manufacturing snapshot across major economies, offering early signals on global demand conditions. Attention then shifts to Eurozone inflation and central bank communication, including multiple appearances from ECB officials.

For U.S. markets, the progression is clear: ADP employment data midweek, jobless claims on Thursday and Nonfarm Payrolls on Friday. Positioning often tightens ahead of payrolls, with volatility expanding immediately after the release (as historical cycles often show).

Rate expectations remain sensitive to incremental surprises. This week’s data will either reinforce the current policy path — or challenge it.

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