Market Analysis

Economic Diary:
Week Commencing 02/05/22

Monday 02 May

Indicator Previous Expected Actual
PMI Manufacturing   53.4 53.5
Consumer Confidence Consumer Confidence Chart 32.8 33.0
Retail Sales Month on Month Retail Sales Month on Month Chart 0.3% 0.3% -0.1%
Retail Sales Year on Year Retail Sales Year on Year Chart 7.0% -2.7%
PMI Manufacturing   55.8 55.0 54.5
PMI Manufacturing   55.4 55.4 55.7
PMI Manufacturing   54.1 54.1 54.6
Unemployment Rate   8.5% 8.4% 8.3%
PMI Manufacturing   55.3 55.3 55.5
Consumer Confidence Consumer Confidence Chart -16.9 -16.9 -22.0
Economic Sentiment Economic Sentiment Chart 108.5 108.0 105.0
Industrial Sentiment Industrial Sentiment Chart 10.4 9.5 7.9
Services Sentiment Services Sentiment Chart 14.4 14.2 13.5
Business Climate Business Climate Chart 1.67 1.98
PMI Manufacturing   58.9 56.2
ISM Manufacturing PMI ISM Manufacturing PMI Chart 57.1 57.6 55.4

Tuesday 03 May

Indicator Previous Expected Actual
RBA Cash Rate RBA Cash Rate Chart 0.10% 0.25% 0.35%
RBA Cash Rate RBA Cash Rate Chart 0.10% 0.25% 0.35%
RBA Cash Rate RBA Cash Rate Chart 0.10% 0.25% 0.35%
Unemployment Change (sa) Unemployment Change (sa) Chart -18k -15k -13k
Unemployment Rate (sa) Unemployment Rate (sa) Chart 5.0% 5.0% 5.0%
PMI Manufacturing   55.3 55.3 55.8
PMI Manufacturing   55.3 55.3 55.8
PMI Manufacturing   55.3 55.3 55.8
Unemployment Rate Unemployment Rate Chart 6.8% 6.7% 6.8%
PPI Year on Year PPI Year on Year Chart 31.4% 36.3% +36.8%
PPI Year on Year PPI Year on Year Chart 31.4% 36.3% +36.8%
Unemployment Rate Unemployment Rate Chart 6.8% 6.7% 6.8%
PPI Year on Year PPI Year on Year Chart 31.4% 36.3% +36.8%
PPI Month on Month PPI Month on Month Chart 1.1% 5.0% +5.3%
Unemployment Rate Unemployment Rate Chart 6.8% 6.7% 6.8%
PPI Month on Month PPI Month on Month Chart 1.1% 5.0% +5.3%
PPI Month on Month PPI Month on Month Chart 1.1% 5.0% +5.3%
Factory Orders Factory Orders Chart -0.5% 1.1% 2.2%
Factory Orders Factory Orders Chart -0.5% 1.1% 2.2%
Factory Orders Factory Orders Chart -0.5% 1.1% 2.2%

Wednesday 04 May

Indicator Previous Expected Actual
Retail Sales Retail Sales Chart 1.8% 0.6% +1.6%
Trade Balance Trade Balance Chart 11.5Bln EU 9.8Bln EU 3.2Bln EU
PMI Services   52.1 54.5 55.7
PMI Services   58.8 58.8 58.9
PMI Services   57.9 57.9 57.6
PMI Composite   55.8 55.8 55.8
PMI Services   57.7 57.7 57.7
Money Supply M4   1.0% 0.1%
Retail Sales Month on Month Retail Sales Month on Month Chart 0.3% -0.1% -0.4%
Retail Sales Year on Year Retail Sales Year on Year Chart 5.0% 1.4% +0.8%
ADP employment report ADP employment report Chart 455k 395k 247k
Trade Balance Trade Balance Chart -89.2Bln US -107.0Bln US -109.80Bln US
Trade Balance Trade Balance Chart 2.66Bln CA 3.90Bln CA 2.49Bln CA
ISM Non-Manufacturing PMI ISM Non-Manufacturing PMI Chart 58.3 58.5 57.1
ISM Non Manufacturing Prices Paid ISM Non Manufacturing Prices Paid Chart 83.8 84.6
ISM Non Manufacturing New Orders ISM Non Manufacturing New Orders Chart 60.1 54.6
ISM Non Manufacturing Business Activity ISM Non Manufacturing Business Activity Chart 55.5 59.1
ISM Non Manufacturing Employment ISM Non Manufacturing Employment Chart 54.0 49.5
EIA Weekly Crude Oil Stocks   0.692Mln -0.829Mln 1.302Mln
FOMC Rate Decision   0.375% 0.875% 0.75 - 1%

Thursday 05 May

Indicator Previous Expected Actual
Trade Balance Goods & Services Trade Balance Goods & Services Chart 7457Mln AU 8500Mln AU 9314Mln AU
Imports Imports Chart 12% -5%
Exports Exports Chart 0% 0%
Industrial Production Month on Month   -0.9% 0.0% -0.5%
PMI Services   58.3 58.3 58.9
BoE Rate Decision BoE Rate Decision Chart 0.75% 1.00% 1.0%
BoE QE Total   875Bln GB 842Bln GB
MPC Vote For Rate Hike   8 8 9
MPC Vote For Rate Cut   0 0 0
MPC Vote For Rate Unchanged   1 1 0
Weekly Jobless Claims Weekly Jobless Claims Chart 180k 182k 200k

Friday 06 May

Indicator Previous Expected Actual
Industrial Production Month on Month Industrial Production Month on Month Chart 0.2% -1.0% -3.9%
House Price Index UK (Halifax) House Price Index UK (Halifax) Chart 1.4% +1.1%
Retail Sales Month on Month (sa) Retail Sales Month on Month (sa) Chart 0.70% -0.5%
Retail Sales Year on Year (nsa) Retail Sales Year on Year (nsa) Chart 4.30% +5.6%
Non-Farm Payrolls Non-Farm Payrolls Chart 431k 391k 428k
Unemployment Rate Unemployment Rate Chart 3.6% 3.5% 3.6%
Average Earnings Average Earnings Chart 0.4% 0.4% 0.3%
Unemployment Rate Unemployment Rate Chart 5.3% 5.2% 5.2%

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