Market Analysis

Economic Diary:
Week Commencing 02/09/24

Monday 02 September

Indicator Previous Expected Actual
PMI Manufacturing   49.5 49.8
PMI Manufacturing   47.4 48.5 49.4
PMI Manufacturing   42.1 42.1 43.9
PMI Manufacturing   42.1 42.1 42.4
GDP Final Quarter on Quarter GDP Final Quarter on Quarter Chart 0.2% 0.2% 0.2%
GDP Final Year on Year   0.9% 0.9% 0.9%
PMI Manufacturing   45.6 45.6 45.8
Retail Sales Year on Year Retail Sales Year on Year Chart -0.6% -1.1%
Retail Sales Month on Month Retail Sales Month on Month Chart -1.2% 0.1%
PMI Manufacturing   52.5 52.5 52.5
PPI Month on Month PPI Month on Month Chart 0.7% 1.3%
PPI Year on Year PPI Year on Year Chart -2.5% -1.1%

Tuesday 03 September

Indicator Previous Expected Actual
Retail Sales (Office for National Stats) Retail Sales (Office for National Stats) Chart 0.3% +0.8%
Retail Sales Month on Month Retail Sales Month on Month Chart -1.2% 0.1%
Retail Sales Year on Year Retail Sales Year on Year Chart -0.6%
PMI Manufacturing   47.8 49.5
ISM Manufacturing PMI ISM Manufacturing PMI Chart 46.8 47.5 47.2

Wednesday 04 September

Indicator Previous Expected Actual
GDP Final Year on Year GDP Final Year on Year Chart 1.1% 1.0% +1.0%
GDP Final Quarter on Quarter GDP Final Quarter on Quarter Chart 0.1% 0.3% +0.2%
PMI Services   51.7 52.6 51.4
PMI Services   55.0 55.0 55.0
PMI Services   51.4 51.4 51.2
Retail Sales Month on Month Retail Sales Month on Month Chart -1.2% 0.1%
PMI Composite   51.2 51.2 51.0
PMI Services   53.3 53.3 52.9
PMI Services   53.3 53.3 53.7
PPI Year on Year PPI Year on Year Chart -3.2% -2.5% -2.1%
PPI Month on Month PPI Month on Month Chart 0.5% 0.3% +0.8%
Trade Balance Trade Balance Chart -73.1Bln US -79.0Bln US -78.8Bln US
Trade Balance Trade Balance Chart 0.64Bln CA 0.80Bln CA 0.68Bln CA
BoC Rate Decision   4.50% 4.25% 4.25%
Factory Orders Factory Orders Chart -3.3% 4.7% 5.0%

Thursday 05 September

Indicator Previous Expected Actual
Retail Sales Month on Month Retail Sales Month on Month Chart -1.2% 0.1%
Retail Sales Month on Month Retail Sales Month on Month Chart -0.3% 0.1% +0.1%
Retail Sales Year on Year Retail Sales Year on Year Chart -0.3% 0.1% -0.1%
ADP employment report ADP employment report Chart 122k 145k 99k
Weekly Jobless Claims Weekly Jobless Claims Chart 231k 230k 227k
ISM Non Manufacturing Business Activity ISM Non Manufacturing Business Activity Chart 54.5 53.3
ISM Non-Manufacturing PMI ISM Non-Manufacturing PMI Chart 51.4 51.1 51.5
ISM Non Manufacturing Prices Paid ISM Non Manufacturing Prices Paid Chart 57.0 57.3
ISM Non Manufacturing Employment ISM Non Manufacturing Employment Chart 51.1 50.2
ISM Non Manufacturing New Orders ISM Non Manufacturing New Orders Chart 52.4 53.0
EIA Weekly Crude Oil Stocks   -0.846Mln -0.993Mln -6.873Mln

Friday 06 September

Indicator Previous Expected Actual
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart -0.2%
Trade Balance Trade Balance Chart 20.4Bln EU 21.0Bln EU +16.8Bln EU
House Price Index UK (Halifax) House Price Index UK (Halifax) Chart 0.8% 0.2% 0.3%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 2.4%
Industrial Production Month on Month Industrial Production Month on Month Chart 1.4% -0.3% -2.4%
Trade Balance Trade Balance Chart -6.088Bln EU -5.884Bln EU
Industrial Production Month on Month   0.8% -0.2% -0.5%
Retail Sales Year on Year (nsa) Retail Sales Year on Year (nsa) Chart -1.00% +1.0%
Retail Sales Month on Month (sa) Retail Sales Month on Month (sa) Chart -0.20% +0.5%
Retail Sales Month on Month Retail Sales Month on Month Chart -1.2% 0.1%
Unemployment Year on Year Unemployment Year on Year Chart 0.8% 0.8% 0.8%
GDP Revised Quarter on Quarter GDP Revised Quarter on Quarter Chart 0.3% 0.3% 0.2%
GDP Revised Year on Year GDP Revised Year on Year Chart 0.6% 0.6% 0.6%
Unemployment Rate Unemployment Rate Chart 6.4% 6.5% 6.6%
Unemployment Rate Unemployment Rate Chart 4.3% 4.2% 4.2%
Non-Farm Payrolls Non-Farm Payrolls Chart 114k 160k 142k
Non-Farm Payrolls Non-Farm Payrolls Chart 144K 164K 142K
Unemployment Rate Unemployment Rate Chart 4.3% 4.2% 4.2%
Average Earnings Average Earnings Chart 0.2% 0.3% 0.4%

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