Market Analysis

Economic Diary:
Week Commencing 03/07/23


Monday 03 July

Indicator Previous Expected Actual
Tankan Big Manufacturers Index Tankan Big Manufacturers Index Chart 1 3 5
Tankan Big Non-Manufacturers Index Tankan Big Non-Manufacturers Index Chart 20 22 23
PMI Manufacturing   49.8 49.8
PMI Manufacturing   45.9 45.3 43.8
PMI Manufacturing   45.5 45.5 46.0
PMI Manufacturing   41.0 41.0 40.6
PMI Manufacturing   43.6 43.6 43.4
PMI Manufacturing   46.2 46.2 46.5
ISM Manufacturing PMI ISM Manufacturing PMI Chart 46.9 47.0 46.0

Tuesday 04 July

Indicator Previous Expected Actual
RBA Cash Rate RBA Cash Rate Chart 4.10% 4.35% 4.1%
Trade Balance Trade Balance Chart 18.4Bln EU 17.0Bln EU +14.4Bln EU
PMI Manufacturing   49.0 48.8

Wednesday 05 July

Indicator Previous Expected Actual
Industrial Production Month on Month   0.8% -0.2% +1.2%
PMI Services   54.0 53.0 52.2
PMI Services   48.0 48.0 48.0
PMI Services   54.1 54.1 54.1
PMI Services   52.4 52.4 52.0
PMI Composite   50.3 50.3 49.9
PMI Services   53.7 53.7 53.7
PPI Year on Year PPI Year on Year Chart 1.0% -1.3% -1.5%
PPI Month on Month PPI Month on Month Chart -3.2% -1.8% -1.9%
Factory Orders Factory Orders Chart 0.4% 0.8% 0.3%

Thursday 06 July

Indicator Previous Expected Actual
Trade Balance Goods & Services Trade Balance Goods & Services Chart 11158Mln AU 10500Mln AU 11791Mln AU
Imports Imports Chart 2% +2%
Exports Exports Chart -5% +4%
Retail Sales Year on Year Retail Sales Year on Year Chart -2.6% -2.7% -2.9%
Retail Sales Month on Month Retail Sales Month on Month Chart 0.0% 0.2% 0.0%
ADP employment report ADP employment report Chart 278k 228k 497k
Trade Balance Trade Balance Chart 1.94Bln CA 1.15Bln CA -3.44Bln CA
Trade Balance Trade Balance Chart -74.6Bln US -69.0Bln US -69.0Bln US
Weekly Jobless Claims Weekly Jobless Claims Chart 239k 245k 248k
ISM Non Manufacturing New Orders ISM Non Manufacturing New Orders Chart 52.9 55.5
ISM Non Manufacturing Business Activity ISM Non Manufacturing Business Activity Chart 51.5 51.9 59.2
ISM Non Manufacturing Prices Paid ISM Non Manufacturing Prices Paid Chart 56.2 54.1
ISM Non Manufacturing Employment ISM Non Manufacturing Employment Chart 49.2 53.1
ISM Non-Manufacturing PMI ISM Non-Manufacturing PMI Chart 50.3 51.0 53.9
EIA Weekly Crude Oil Stocks   -9.603Mln -0.983Mln -1.508Mln

Friday 07 July

Indicator Previous Expected Actual
Industrial Production Month on Month Industrial Production Month on Month Chart 0.3% 0.0% -0.2%
House Price Index UK (Halifax) House Price Index UK (Halifax) Chart 0.0% -0.1%
Trade Balance Trade Balance Chart -9.710Bln EU -8.418Bln EU
Retail Sales Year on Year (nsa) Retail Sales Year on Year (nsa) Chart 3.20% +3.0%
Retail Sales Month on Month (sa) Retail Sales Month on Month (sa) Chart 0.20% +0.7%
Unemployment Rate Unemployment Rate Chart 3.7% 3.6% 3.6%
Non-Farm Payrolls Non-Farm Payrolls Chart 339k 225k 209k
Unemployment Rate Unemployment Rate Chart 5.2% 5.3% 5.4%
Average Earnings Average Earnings Chart 0.3% 0.3% 0.4%

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