Today's economic data releases focus heavily on Chinese manufacturing and services sector performance, alongside crucial retail sales data from Spain. These figures provide insights into the current state of economic health in respective regions and are particularly important for currency traders. Monitoring PMI figures from China is essential today as they gauge production levels in one of the world's largest economies, potentially influencing global market movements.
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| Manufacturing PMI (Sep) | 2025-09-30 01:45:00 | 50.5 | N/A | 50.8 | N/A | High |
| Caixin Services PMI (Sep) | 2025-09-30 01:45:00 | 53 | N/A | 52.3 | N/A | High |
| Caixin Manufacturing PMI (Sep) | 2025-09-30 01:45:00 | 50.5 | N/A | 50.3 | N/A | High |
| NBS Manufacturing PMI (Sep) | 2025-09-30 01:30:00 | 49.4 | N/A | 49.7 | N/A | High |
| NBS Non Manufacturing PMI (Sep) | 2025-09-30 01:30:00 | 50.3 | N/A | 50.3 | N/A | High |
๐ฃ๏ธ Economic Interpretation: The data reflects the ongoing performance evaluation of the Chinese manufacturing and services sectors. Stability or improvement in PMI readings would support economic growth narratives, bolstering the Yuan.
๐ Potential Impact: If actual PMI figures match or surpass estimates, we might observe a strengthening of the CNY. Conversely, weaker figures might exert downward pressure on the currency.
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| Retail Sales MoM (Aug) | 2025-09-29 07:00:00 | -0.4% | 0.4% | -0.2% | 0.8% | High |
| Retail Sales YoY (Aug) | 2025-09-29 07:00:00 | 4.7% | 4.5% | 4.2% | -0.2% | High |
๐ฃ๏ธ Economic Interpretation: The month-on-month retail sales improvement is a positive indicator for the Spanish economy, suggesting consumer resilience and potential GDP growth contributions.
๐ Potential Impact: The stronger than expected retail sales figures could support the Euro by enhancing confidence in the economic stability of the Eurozone. However, a slight year-over-year decline might temper excessive optimism.
Overall, while data from China is anxiously awaited, the available figures suggest a largely stable economic environment with potential support for the Yuan, provided that official releases meet estimates. Meanwhile, Spanish retail sales data underpins moderate optimism for the Euro, aligning with potentially supportive conditions despite minor contractions in year-over-year growth.