Market Analysis

Economic Diary:
Week Commencing 12/12/22

Monday 12 December

Indicator Previous Expected Actual
Trade Balance Trade Balance Chart -15.656Bln GB -15.650Bln GB -14.476Bln GB
Trade Balance Non-EU Trade Balance Non-EU Chart -8.551Bln GB -4.823Bln GB
Industrial Production Month on Month Industrial Production Month on Month Chart 0.2% 0.0% 0.0%
Industrial Production Year on Year Industrial Production Year on Year Chart -3.1% -2.8% -2.4%
Manufacturing Output Year on Year Manufacturing Output Year on Year Chart -5.8% -5.4% -4.6%
Manufacturing Output Month on Month Manufacturing Output Month on Month Chart 0.0% 0.0% 0.7%
Consumer Sentiment Consumer Sentiment Chart -6.9% +3.0%

Tuesday 13 December

Indicator Previous Expected Actual
Unemployment Rate (ILO) Unemployment Rate (ILO) Chart 3.6% 3.7% 3.7%
CPI Final Year on Year CPI Final Year on Year Chart 10.0% 10.0% 10.0%
Average Weekly Earnings 3 Month Year on Year Average Weekly Earnings 3 Month Year on Year Chart 6.0% 6.2% +6.1%
Claimant Count Unemployment Change Claimant Count Unemployment Change Chart 3.3k +30.5k
Industrial Production Year on Year (wda) Industrial Production Year on Year (wda) Chart -0.5% -0.1% -1.6%
Industrial Production Month on Month (sa) Industrial Production Month on Month (sa) Chart -1.8% -0.4% -1.0%
ZEW Economic sentiment ZEW Economic sentiment Chart -36.7 -26.4 -23.3
ZEW Current Conditions ZEW Current Conditions Chart -64.5 -57.0 -61.4
CPI Month on Month (sa) CPI Month on Month (sa) Chart 0.4% 0.3% 0.1%
CPI Year on Year (nsa) CPI Year on Year (nsa) Chart 7.7% 7.3% 7.1%
Tankan Big Manufacturers Index Tankan Big Manufacturers Index Chart 8 6 7
Tankan Big Non-Manufacturers Index Tankan Big Non-Manufacturers Index Chart 14 17 19

Wednesday 14 December

Indicator Previous Expected Actual
Industrial Production Revised Industrial Production Revised Chart -2.6% -3.2%
CPI Year on Year CPI Year on Year Chart 11.1% 10.9% +10.7%
CPI Month on Month CPI Month on Month Chart 2.0% 0.6% +0.4%
RPI Month on Month RPI Month on Month Chart 2.5% 0.5% 0.6%
RPI Year on Year RPI Year on Year Chart 14.2% 13.9% 14.0%
Industrial Production Month on Month   0.9% -1.5% -2.0%
Industrial Production Year on Year Industrial Production Year on Year Chart 4.9% 3.4% +3.4%
EIA Weekly Crude Oil Stocks   -5.187Mln -3.595Mln 10.231Mln
FOMC Rate Decision   3.875% 4.375% 4.250 - 4.500%
Imports Year on Year Imports Year on Year Chart 53.5% 27.0% +30.3%
Exports Year on Year Exports Year on Year Chart 25.3% 19.8% 20%
Trade Balance Trade Balance Chart -2162.3Bln JP -1680.3Bln JP -2027.4Bln JP

Thursday 15 December

Indicator Previous Expected Actual
Unemployment Rate Unemployment Rate Chart 3.4% 3.4% +3.4%
Retail Sales Retail Sales Chart -0.5% -3.7% -5.9%
CPI Final Month on Month CPI Final Month on Month Chart
CPI Final Year on Year CPI Final Year on Year Chart
MPC Vote For Rate Hike   9 9 7
MPC Vote For Rate Cut   0 0 0
MPC Vote For Rate Unchanged   0 0 2
BoE Rate Decision BoE Rate Decision Chart 3.00% 3.50% 3.5%
ECB Rate Decision ECB Rate Decision Chart 2.00% 2.50% 2.50%
House Starts Annualized House Starts Annualized Chart 267.1k 255.0k 264.2k
Weekly Jobless Claims Weekly Jobless Claims Chart 230k 230k 211k
Philadelphia Fed Business Index Philadelphia Fed Business Index Chart -19.4 -10.0 -13.8
Retail Sales Ex-Auto Month on Month   1.3% 0.2% -0.2%
Retail Sales Month on Month   1.3% -0.1% -0.6%
Industrial Production Month on Month Industrial Production Month on Month Chart -0.1% 0.1% -0.2%
Business Inventories Month on Month Business Inventories Month on Month Chart 0.4% 0.4% 0.3%

Friday 16 December

Indicator Previous Expected Actual
GFK Consumer Confidence GFK Consumer Confidence Chart -44 -43 -42
Retail Sales Year on Year Retail Sales Year on Year Chart -6.1% -5.6% -5.9%
Retail Sales Month on Month Retail Sales Month on Month Chart 0.6% 0.3% -0.4%
Trade Balance Trade Balance Chart -1.023Bln EU +0.104Bln EU
CPI Final Year on Year CPI Final Year on Year Chart 10.0% 10.0% 10.1%
Trade Balance Trade Balance Chart -34.4Bln EU -26.5Bln EU
CPI Final Year on Year   12.5% 12.5% 12.6%
CPI Final Month on Month CPI Final Month on Month Chart 1.5% -0.1% -0.1%
CPI Final Month on Month   0.6% 0.6% 0.7%

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