Preview: Due December 23 - U.S. Q3 GDP - A second straight solid quarter though Q4 is likely to be slower

December 22, 2025 2:42 PM UTC

We now look for a 3.0% annualized increase in the delayed Q3 GDP release, lifted by some recent data. This would be a second straight solid quarter to follow a weak Q1, though Q4 is likely to be weaker, in  part due to the government shutdown that persisted through October and much of November.

Preview: Due December 23 - U.S. October Durable Goods Orders - Transport to slip, but ex transport trend positive

December 22, 2025 2:12 PM UTC

We expect October durable goods orders to decline by 2.0%, though ex transport we expect a sixth straight increase, by 0.4%.

Russia’s Inflation is Expected to Continue to Soften in December

December 22, 2025 2:11 PM UTC

Bottom Line: After edging down to 6.6% in November, we expect Russian inflation to continue its decreasing pattern in December owing to lagged impacts of previous aggressive monetary tightening and relative resilience of RUB. December inflation figures will be announced on December 29, and we forese

Preview: Due December 23 - Canada October GDP - Correcting from Q3 strength

December 22, 2025 2:03 PM UTC

We expect October Canadian GDP to fall by 0.3% in a correction from surprisingly strong Q3 data and in line with the preliminary estimate made with September’s data. 

Continuum Economics Calendar January 2026

December 19, 2025 12:00 PM UTC

Data and Events Calendar January 2026.

December 19, 2025 11:10 AM UTC

HICP inflation has been range bound for the last 5-6 months between 2.0% and 2.2% with the November and October numbers in the middle of that range. But we see the headline rate falling out of that range in December to 1.9%, this preceding what may be a short-lived fall toward 1.5% in H1 2026.  Som

December 18, 2025 8:46 PM UTC

We expect December’s non-farm payroll to rise by 75k both overall and in the private sector, up from 64k and 69k respectively in November. We expect unemployment to be unchanged at 4.6% and a modest 0.3% increase in average hourly earnings.

Preview: Due December 19 - U.S. November Existing Home Sales - Revival to continue

December 18, 2025 2:37 PM UTC

We expect November existing home sales to increase by 1.5% to 4.16m, which would be a third straight increase and the highest level since February, as the housing market gets support from lower mortgage rates as Fed easing resumes.

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

Preview: Due December 23 - Canada October GDP - Correcting from Q3 strength

December 16, 2025 5:09 PM UTC

We expect October Canadian GDP to fall by 0.3% in a correction from surprisingly strong Q3 data and in line with the preliminary estimate made with September’s data. 

Preview: Due December 23 - U.S. Q3 GDP - A second straight solid quarter though Q4 is likely to be slower

December 16, 2025 4:25 PM UTC

We now look for a 3.0% annualized increase in the delayed Q3 GDP release, lifted by some recent data. This would be a second straight solid quarter to follow a weak Q1, though Q4 is likely to be weaker, in  part due to the government shutdown that persisted through October and much of November.

Preview: Due December 16 - U.S. December S and P PMIs - Only marginally lower, still healthy

December 15, 2025 3:51 PM UTC

We expect December’s S and P PMIs to both see very marginal slippage, manufacturing to 52.0 from 52.2 and services to 54.0 from 54.1. These will still leave the picture looking fairly healthy and there is little reason to expect a sharp fall in December, though we do see risks to the economy as le

Preview: Due December 16 - U.S. October/November Employment (Non-Farm Payrolls) - Slow but still positive in the private sector

December 15, 2025 3:25 PM UTC

The Labor Department will release October and November non-farm payroll data on December 16. We expect November to see gains of 40k both overall and in the private sector. However we expect October to see a decline of 10k overall but a 55k increase in the private sector.

December 15, 2025 1:16 PM UTC

We expect a 0.4% decline in October retail sales in September, with autos set to be the main negative after the expiry of a tax credit for electrical vehicle purchases. Elsewhere however we expect subdued data, with a 0.1% increase ex autos and a rise of 0.2% ex autos and gasoline.

Preview: Due December 15 - Canada November CPI - Slightly firmer but not on the key core rates

December 12, 2025 4:17 PM UTC

We expect November’s Canadian CPI to increase to 2.3% yr/yr from 2.2% in October, suggesting Q4 is likely to exceed a Bank of Canada forecast of 2.0% made in October. However, risk on the Bank of Canada’s core rates leans to the downside. 

Preview: Due December 11 - U.S. September Trade Balance - Canadian data suggests a wider deficit

December 10, 2025 1:48 PM UTC

We expect a September trade deficit of $70.5bn, up sharply from August’s $59.6bn but still below July’s $78.2bn. We expect exports to fall by 0.5% after a 0.1% August increase while imports rise by 2.8% after a 5.1% July decline.  This could weigh on estimates for Q3 GDP, now due on December 23

December 9, 2025 5:01 PM UTC

The Labor Department will release October and November non-farm payroll data on December 16. We expect November to see gains of 40k both overall and in the private sector. However we expect October to see a decline of 10k overall but a 55k increase in the private sector.

Preview: Due December 10 - U.S. Q3 Employment Cost Index - Stable trend

December 9, 2025 1:20 PM UTC

We look for the Q3 employment cost index (ECI) to increase by 0.9% for a fourth straight quarter, with gains of 0.9% in both wages and salaries and benefit costs.