Part 1 of 5 - Economics Calendar (24Nov25) - PCE and PPI data
Economic Calendar: Key Market Movers (week of 24Nov25)
There are no public holidays this week for China, Hong Kong and Singapore. America celebrates Thanksgiving on 27 November 2025. Here is wishing all an awesome Thanksgiving.
Retail Sales and Consumer Confidence
Both core retail sales and overall retail sales figures are scheduled to be announced. These results are significant as they provide a direct measure of American consumer spending, a major driver of economic growth. Additionally, the Conference Board (CB) Consumer Confidence Index for November is forecast at 93.3, down from 94.6 in the previous month. This decrease reflects a decline in consumer optimism regarding the market outlook.
Inflation Indicators: PPI and Core PCE
The Producer Price Index (PPI) is set for release with a forecast increase of 0.3%. This index measures inflation at the producer level and often signals future consumer price trends as cost increases are passed along the supply chain.
The core Personal Consumption Expenditures (PCE) Price Index data for September is also highly anticipated, with a year-on-year forecast of 2.9%. This figure remains above the Federal Reserve’s target of 2% and will be closely watched as a critical factor in upcoming interest rate decisions, likely contributing to market volatility.
Durable Goods Orders
Durable goods orders for September are projected to rise by only 0.3%, a notable decrease from the previous month’s 2.9% increase. This slowdown indicates weaker demand for long-lasting manufactured goods and may signal caution among consumers and businesses.
Gross Domestic Product (GDP)
Third-quarter GDP data will be announced, with the previous quarter’s growth recorded at 3.8%. As a comprehensive measure of economic activity, this report will be a key reference point for the Federal Reserve as it considers its next steps regarding interest rates.
Labour Market: Initial Jobless Claims
The latest initial jobless claims will also be released, with the previous figure standing at 220,000. This data serves as a gauge for labour market strength and may contribute to short-term market volatility depending on the results.
Housing Market: New Home Sales
New home sales data is expected, with a forecast of 710,000 units compared to the prior 800,000. This represents a drop of over 10%+ in sales volume, highlighting a notable slowdown in the real estate sector and serving as an important indicator for housing market trends.
Energy Sector: Crude Oil Inventories
Crude oil inventory levels will be reported before the Thanksgiving holiday. These figures can serve as an early indicator of producer responses to anticipated market consumption. A decrease in inventories would suggest robust demand, aligning with expectations from oil producers ahead of the holiday season.
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