Market Analysis

Economic Diary:
Week Commencing 01/03/21

Monday 01 March

Indicator Previous Expected Actual
PMI Manufacturing   50.6 51.4
PMI Manufacturing   55.1 57.0 56.9
PMI Manufacturing   55.0 55.0 56.1
PMI Manufacturing   60.6 60.6 60.7
PMI Manufacturing   57.7 57.7 57.9
PMI Manufacturing   54.9 54.9 55.1
CPI Final Month on Month   0.8% 0.5% 0.7%
PMI Manufacturing   54.4 54.8
ISM Manufacturing PMI ISM Manufacturing PMI Chart 58.7 58.8 60.8
Unemployment Rate Unemployment Rate Chart 2.9% 3.0% 2.9%

Tuesday 02 March

Indicator Previous Expected Actual
RBA Cash Rate RBA Cash Rate Chart 0.10% 0.10% 0.1%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart -0.3% -0.3% 0.7%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 6.4% 5.6% 6.9%
Retail Sales Year on Year Retail Sales Year on Year Chart 1.5% 1.3% -8.7%
Retail Sales Month on Month Retail Sales Month on Month Chart -9.6% -0.3% -4.5%
Unemployment Rate (sa) Unemployment Rate (sa) Chart 6.0% 6.0% 6.0%
Unemployment Change (sa) Unemployment Change (sa) Chart -41k -13k 9k
GDP Quarter on Quarter GDP Quarter on Quarter Chart 8.9% 2.3%
GDP Quarter on Quarter Annualised GDP Quarter on Quarter Annualised Chart 40.5% 7.5% 9.6%
GDP Month on Month GDP Month on Month Chart 0.7% 0.3% 0.1%

Wednesday 03 March

Indicator Previous Expected Actual
GDP Final Quarter on Quarter GDP Final Quarter on Quarter Chart 3.3% 2.5% +3.1%
GDP Final Year on Year GDP Final Year on Year Chart -3.8% -1.8% -1.1%
PMI Services   44.7 46.0 48.8
PMI Services   43.6 43.6 45.6
PMI Services   45.9 45.9 45.7
GDP Final Quarter on Quarter GDP Final Quarter on Quarter Chart -2.0% -2.0% -1.9%
PMI Composite   48.1 48.1 48.8
PMI Services   44.7 44.7 45.7
GDP Final Year on Year   -6.6% -6.6% -6.6%
PMI Services   49.7 49.7 49.5
PPI Year on Year PPI Year on Year Chart -1.1% -0.4% 0.0%
PPI Month on Month PPI Month on Month Chart 0.8% 1.2% +1.4%
ADP employment report ADP employment report Chart 174k 177k +117k
ISM Non Manufacturing Prices Paid ISM Non Manufacturing Prices Paid Chart 64.2 71.8
ISM Non-Manufacturing PMI ISM Non-Manufacturing PMI Chart 58.7 58.7 55.3
ISM Non Manufacturing Business Activity ISM Non Manufacturing Business Activity Chart 59.9 60.0 55.5
ISM Non Manufacturing Employment ISM Non Manufacturing Employment Chart 55.2 52.7
ISM Non Manufacturing New Orders ISM Non Manufacturing New Orders Chart 61.8 51.9
EIA Weekly Crude Oil Stocks   1.285Mln -0.928Mln 21.563Mln

Thursday 04 March

Indicator Previous Expected Actual
Trade Balance Goods & Services Trade Balance Goods & Services Chart 6785Mln AU 6500Mln AU 10142Mln AU
Retail Sales Retail Sales Chart 0.6% 0.6% 0.5%
Exports Exports Chart 3% +6%
Imports Imports Chart -2% -2%
Consumer Confidence Consumer Confidence Chart 29.6 33.8
Retail Sales Year on Year Retail Sales Year on Year Chart 0.6% -1.2% -6.4%
Retail Sales Month on Month Retail Sales Month on Month Chart 2.0% -1.1% -5.9%
Unemployment Rate Unemployment Rate Chart 8.3% 8.3% 8.1%
Weekly Jobless Claims Weekly Jobless Claims Chart 730k 725k 745k
Factory Orders Factory Orders Chart 1.1% 2.1% 2.6%

Friday 05 March

Indicator Previous Expected Actual
Trade Balance Trade Balance Chart -3.39Bln EU -3.95Bln EU
House Price Index UK (Halifax) House Price Index UK (Halifax) Chart -0.3% 0.0% -0.1%
Retail Sales Year on Year (nsa) Retail Sales Year on Year (nsa) Chart -3.10% -6.8%
Retail Sales Month on Month (sa) Retail Sales Month on Month (sa) Chart 2.50% -3.0%
Trade Balance Trade Balance Chart -66.6Bln US -67.5Bln US -68.2Bln US
Unemployment Rate Unemployment Rate Chart 6.3% 6.3% 6.2%
Average Earnings Average Earnings Chart 0.1% 0.2% 0.2%
Non-Farm Payrolls Non-Farm Payrolls Chart 166k 182k 379k
Trade Balance Trade Balance Chart -1.67Bln CA -1.40Bln CA 1.41Bln CA

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