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December 18, 2025
December 17, 2025
Preview: Due January 7 - U.S. December ISM Services - Headline and prices paid to slow
December 17, 2025 6:56 PM UTC
We expect December’s ISM services index to slip to 52.0 from November’s 9-month high of 52.6. A weaker December S and P services PMI suggests downside risk even if its level at 52.9 remained above November’s ISM services index.
Preview: Due December 23 - U.S. October and November Industrial Production - Net marginally positive
December 17, 2025 6:25 PM UTC
The Fed will release October and November industrial production together, having received key input data from the non-farm payrolls. We expect a 0.1% decline in October to be followed by a 0.2% increase in November, with manufacturing up by 0.3% in November after a 0.1% decline in October.
South Africa Inflation Moderately Softens to 3.5% y/y in November
December 17, 2025 5:08 PM UTC
Bottom Line: Statistics South Africa (Stats SA) announced on December 17 that annual inflation softened moderately to 3.5% y/y in November from 3.6% the previous month, but food and restaurant prices remained worrisome. Despite inflation staying within the South African Reserve Bank’s (SARB) 1 pe
Preview: Due December 18 - U.S. November CPI - A two month change with October canceled
December 17, 2025 1:41 PM UTC
The labor market will not publish monthly changes for each month so it is the two monthly change that will be published, we expect 0.49% for overall CPI, assuming October at 0.16% and November at 0.33%, and the core rate up by 0.53% over the two months. Gasoline prices are likely to dip in October b