Upcoming economic events 3 March 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
00:30		2 points	Company Gross Operating Profits (QoQ) (Q4)	1.7%	-4.6%
01:45		2 points	Caixin Manufacturing PMI (Feb)	50.4	50.1
09:00		2 points	HCOB Eurozone Manufacturing PMI (Feb)	47.3	46.6
10:00		2 points	Core CPI (YoY) (Feb)	2.5%	2.7%
10:00		2 points	CPI (MoM) (Feb)	———-	-0.3%
10:00		3 points	CPI (YoY) (Feb)	2.3%	2.5%
14:45		3 points	S&P Global Manufacturing PMI (Feb)	51.6	51.2
15:00		2 points	Construction Spending (MoM) (Jan)	-0.1%	0.5%
15:00		2 points	ISM Manufacturing Employment (Feb)	———-	50.3
15:00		3 points	ISM Manufacturing PMI (Feb)	50.6	50.9
15:00		3 points	ISM Manufacturing Prices (Feb)	56.2	54.9
18:00		2 points	Atlanta Fed GDPNow (Q1)	-1.5%	-1.5%
23:50		2 points	Capital Spending (YoY) (Q4)	4.9%	8.1%

Summary of Upcoming Economic Events on March 3, 2025

Australia (🇦🇺)

1. Company Gross Operating Profits (QoQ) (Q4) (00:30 UTC)
   • Forecast: 1.7%
   • Previous: -4.6%
   • A rebound in corporate profitability could support business investment and overall GDP growth.

China (🇨🇳)

2. Caixin Manufacturing PMI (Feb) (01:45 UTC)
   • Forecast: 50.4
   • Previous: 50.1
   • A reading above 50 indicates expansion in the manufacturing sector, potentially signaling stronger Chinese economic momentum.

Eurozone (🇪🇺)

3. HCOB Eurozone Manufacturing PMI (Feb) (09:00 UTC)
   • Forecast: 47.3
   • Previous: 46.6
   • Still below 50, indicating contraction, though an improvement suggests a slow recovery.
4. Core CPI (YoY) (Feb) (10:00 UTC)
   • Forecast: 2.5%
   • Previous: 2.7%
   • A lower inflation reading could strengthen expectations for ECB rate cuts.
5. CPI (MoM) (Feb) (10:00 UTC)
   • Previous: -0.3%
   • Month-over-month price changes provide insight into short-term inflation trends.
6. CPI (YoY) (Feb) (10:00 UTC)
   • Forecast: 2.3%
   • Previous: 2.5%
   • A continued decline in inflation may increase expectations for ECB policy easing.

United States (🇺🇸)

7. S&P Global Manufacturing PMI (Feb) (14:45 UTC)
   • Forecast: 51.6
   • Previous: 51.2
   • A slight improvement in manufacturing activity, remaining in expansion territory.
8. Construction Spending (MoM) (Jan) (15:00 UTC)
   • Forecast: -0.1%
   • Previous: 0.5%
   • A slowdown could indicate weaker demand for new projects.
9. ISM Manufacturing Employment (Feb) (15:00 UTC)
   • Previous: 50.3
   • A reading above 50 suggests job growth in the manufacturing sector.
10. ISM Manufacturing PMI (Feb) (15:00 UTC)
    • Forecast: 50.6
    • Previous: 50.9
    • A stable reading above 50 signals expansion in U.S. manufacturing.
11. ISM Manufacturing Prices (Feb) (15:00 UTC)
    • Forecast: 56.2
    • Previous: 54.9
    • Rising prices may indicate inflationary pressures in production costs.
12. Atlanta Fed GDPNow (Q1) (18:00 UTC)
    • Forecast: -1.5%
    • Previous: -1.5%
    • A negative growth estimate would increase concerns about an economic slowdown.

Japan (🇯🇵)

13. Capital Spending (YoY) (Q4) (23:50 UTC)
    • Forecast: 4.9%
    • Previous: 8.1%
    • Slower capital expenditure growth may signal reduced business investment.

Market Impact Analysis

• USD: Manufacturing data and inflation expectations will influence market sentiment. A weaker PMI could weigh on equities, while strong price growth may reinforce inflation concerns.
• EUR: Falling inflation supports ECB rate cut expectations, possibly weakening the EUR.
• JPY: Lower capital spending could dampen sentiment for the JPY.
• AUD & CNY: Positive manufacturing and profit data may support risk assets.

Volatility & Impact Score

• Volatility: Medium-High (Inflation and PMI data are key drivers).
• Impact Score: 7/10 – Inflation trends and PMI figures will shape market expectations.