Market Analysis

Economic Diary:
Week Commencing 02/01/23


Monday 02 January

Indicator Previous Expected Actual
PMI Manufacturing   48.4 48.5 48.5
PMI Manufacturing   48.9 48.9 49.2
PMI Manufacturing   47.4 47.4 47.1
PMI Manufacturing   47.8 47.8 47.8

Tuesday 03 January

Indicator Previous Expected Actual
Unemployment Change (sa) Unemployment Change (sa) Chart 17k 15k -13k
Unemployment Rate (sa) Unemployment Rate (sa) Chart 5.6% 5.6% 5.5%
PMI Manufacturing   44.7 44.7 45.3
CPI Final Month on Month   -0.5% -0.3% -0.8%
PMI Manufacturing   49.6 49.2

Wednesday 04 January

Indicator Previous Expected Actual
PMI Manufacturing   48.8 48.9
Consumer Confidence Consumer Confidence Chart 83 84 82
PMI Services   49.5 49.5 49.9
PMI Services   48.1 48.1 49.5
PMI Services   49.0 49.0 49.2
PMI Services   49.1 49.1 49.8
PMI Composite   48.8 48.8 49.3
Money Supply M4   0.0% -1.6%
ISM Manufacturing PMI ISM Manufacturing PMI Chart 49.0 48.5 48.4

Thursday 05 January

Indicator Previous Expected Actual
Consumer Confidence Consumer Confidence Chart 28.6 30.3
Trade Balance Trade Balance Chart 6.9Bln EU 7.5Bln EU 10.8Bln EU
PMI Services   50.0 50.0 49.9
PPI Year on Year PPI Year on Year Chart 30.8% 27.5% 27.1%
PPI Month on Month PPI Month on Month Chart -2.9% -0.9% -0.9%
ADP employment report ADP employment report Chart 127k 150k 235k
Trade Balance Trade Balance Chart -78.2Bln US -73.0Bln US -61.5Bln US
Trade Balance Trade Balance Chart 1.21Bln CA 0.61Bln CA -0.04Bln CA
Weekly Jobless Claims Weekly Jobless Claims Chart 225k 225k 204k
EIA Weekly Crude Oil Stocks   0.718Mln 1.154Mln 1.694Mln

Friday 06 January

Indicator Previous Expected Actual
Retail Sales Year on Year Retail Sales Year on Year Chart -5.0% -5.9%
House Price Index UK (Halifax) House Price Index UK (Halifax) Chart -2.3% -1.5%
Retail Sales Month on Month Retail Sales Month on Month Chart -2.8% 1.0% 1.1%
Services Sentiment Services Sentiment Chart 2.3 3.5 6.3
Industrial Sentiment Industrial Sentiment Chart -2.0 -1.2 -1.5
Retail Sales Year on Year Retail Sales Year on Year Chart -2.7% -3.3% -2.8%
Business Climate Business Climate Chart 0.54 0.54
Consumer Confidence Consumer Confidence Chart -22.2 -22.2 -22.2
Retail Sales Month on Month Retail Sales Month on Month Chart -1.8% 0.5% 0.8%
Economic Sentiment Economic Sentiment Chart 93.7 94.7 95.8
Unemployment Rate Unemployment Rate Chart 5.1% 5.2% 5.0%
Unemployment Rate Unemployment Rate Chart 3.7% 3.7% 3.5%
Average Earnings Average Earnings Chart 0.6% 0.4% 0.3%
Non-Farm Payrolls Non-Farm Payrolls Chart 263k 200k 223k
ISM Non-Manufacturing PMI ISM Non-Manufacturing PMI Chart 56.5 55.0 49.6
ISM Non Manufacturing Business Activity ISM Non Manufacturing Business Activity Chart 64.7 59.5 54.7
ISM Non Manufacturing Employment ISM Non Manufacturing Employment Chart 51.5 49.8
Factory Orders Factory Orders Chart 1.0% -0.8% -1.8%
ISM Non Manufacturing Prices Paid ISM Non Manufacturing Prices Paid Chart 70.0 67.6
ISM Non Manufacturing New Orders ISM Non Manufacturing New Orders Chart 56.0 45.2

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