Market Analysis

Economic Diary:
Week Commencing 03/06/24

Monday 03 June

Indicator Previous Expected Actual
PMI Manufacturing   50.5 50.4
PMI Manufacturing   47.3 47.9 45.6
PMI Manufacturing   46.7 46.7 46.4
PMI Manufacturing   45.4 45.4 45.4
PMI Manufacturing   47.4 47.4 47.3
PMI Manufacturing   51.3 51.3 51.2
PMI Manufacturing   49.4 49.3
ISM Manufacturing PMI ISM Manufacturing PMI Chart 49.2 49.6 48.7

Tuesday 04 June

Indicator Previous Expected Actual
Retail Sales (Office for National Stats) Retail Sales (Office for National Stats) Chart -4.4% +0.4%
Unemployment Rate (sa) Unemployment Rate (sa) Chart 5.9% 5.9% 5.9%
Unemployment Change (sa) Unemployment Change (sa) Chart 10k 10k 25k
Factory Orders Factory Orders Chart 1.6% 0.6% 0.7%

Wednesday 05 June

Indicator Previous Expected Actual
GDP Final Quarter on Quarter GDP Final Quarter on Quarter Chart 0.2% 0.2% +0.1%
GDP Final Year on Year GDP Final Year on Year Chart 1.5% 1.2% +1.1%
Industrial Production Month on Month   -0.3% 0.2% 0.5%
PMI Services   54.3 54.5 54.2
PMI Services   49.4 49.4 49.3
PMI Services   53.9 53.9 54.2
PMI Services   53.3 53.3 53.2
PMI Composite   52.3 52.3 52.2
PMI Services   52.9 52.9 52.9
PPI Month on Month PPI Month on Month Chart -0.4% -0.4% -1.0%
PPI Year on Year PPI Year on Year Chart -7.8% -5.3% -5.7%
ADP employment report ADP employment report Chart 192k 175k 152k
BoC Rate Decision   5.00% 4.75% 4.75%
ISM Non Manufacturing New Orders ISM Non Manufacturing New Orders Chart 52.2 54.1
ISM Non Manufacturing Prices Paid ISM Non Manufacturing Prices Paid Chart 59.2 58.1
ISM Non Manufacturing Employment ISM Non Manufacturing Employment Chart 45.9 47.1
ISM Non Manufacturing Business Activity ISM Non Manufacturing Business Activity Chart 50.9 53.0 61.2
ISM Non-Manufacturing PMI ISM Non-Manufacturing PMI Chart 49.4 50.8 53.8
EIA Weekly Crude Oil Stocks   -4.156Mln -2.311Mln 1.233Mln

Thursday 06 June

Indicator Previous Expected Actual
Retail Sales Month on Month (sa) Retail Sales Month on Month (sa) Chart 0.00% -0.1%
Retail Sales Year on Year (nsa) Retail Sales Year on Year (nsa) Chart 2.00% -1.9%
Retail Sales Year on Year (nsa) Retail Sales Year on Year (nsa) Chart 2.00% -1.9%
Retail Sales Month on Month (sa) Retail Sales Month on Month (sa) Chart 0.00% -0.1%
Retail Sales Month on Month Retail Sales Month on Month Chart 0.8% -0.3% -0.5%
Retail Sales Year on Year Retail Sales Year on Year Chart 0.7% 0.1% 0.0%
Retail Sales Year on Year Retail Sales Year on Year Chart 0.7% 0.1% 0.0%
Retail Sales Month on Month Retail Sales Month on Month Chart 0.8% -0.3% -0.5%
ECB Rate Decision ECB Rate Decision Chart 4.50% 4.25% 4.25%
ECB Rate Decision ECB Rate Decision Chart 4.50% 4.25% 4.25%
Weekly Jobless Claims Weekly Jobless Claims Chart 219k 220k 229k
Trade Balance Trade Balance Chart -2.28Bln CA -1.40Bln CA -1.05Bln CA
Trade Balance Trade Balance Chart -69.4Bln US -76.1Bln US -74.6Bln US

Friday 07 June

Indicator Previous Expected Actual
Trade Balance Trade Balance Chart 22.3Bln EU 22.6Bln EU +22.1Bln EU
House Price Index UK (Halifax) House Price Index UK (Halifax) Chart 0.1% 0.2% -0.1%
Industrial Production Month on Month Industrial Production Month on Month Chart -0.4% 0.3% -0.1%
Trade Balance Trade Balance Chart -5.473Bln EU -7.579Bln EU
Unemployment Year on Year Unemployment Year on Year Chart 1.0% 1.0% 1.0%
GDP Revised Quarter on Quarter GDP Revised Quarter on Quarter Chart 0.3% 0.3% 0.3%
GDP Revised Year on Year GDP Revised Year on Year Chart 0.4% 0.4% 0.4%
Unemployment Rate Unemployment Rate Chart 3.9% 3.9% 4.0%
Non-Farm Payrolls Non-Farm Payrolls Chart 175k 185k 272k
Non-Farm Payrolls Non-Farm Payrolls Chart 108K 182K 272K
Unemployment Rate Unemployment Rate Chart 6.1% 6.2% 6.2%
Average Earnings Average Earnings Chart 0.2% 0.3% 0.4%
Unemployment Rate Unemployment Rate Chart 3.9% 3.9% 4.0%

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