Market Analysis

Economic Diary:
Week Commencing 12/02/24

Monday 12 February

Indicator Previous Expected Actual
Consumer Sentiment Consumer Sentiment Chart -1.3% 6.2%

Tuesday 13 February

Indicator Previous Expected Actual
ILO Unemployment Rate ILO Unemployment Rate Chart 7.4% 7.4% 7.5%
Unemployment Rate (ILO) Unemployment Rate (ILO) Chart 4.2% 4.0% 3.8%
Average Weekly Earnings 3 Month Year on Year Average Weekly Earnings 3 Month Year on Year Chart 6.5% 5.6% 5.8%
Claimant Count Unemployment Change Claimant Count Unemployment Change Chart 11.7k 14.1k
ZEW Current Conditions ZEW Current Conditions Chart -77.3 -79.0 -81.7
ZEW Economic sentiment ZEW Economic sentiment Chart 15.2 17.5 19.9
CPI Month on Month (sa) CPI Month on Month (sa) Chart 0.3% 0.2% 0.3%
CPI Year on Year (nsa) CPI Year on Year (nsa) Chart 3.4% 2.9% 3.1%

Wednesday 14 February

Indicator Previous Expected Actual
RPI Year on Year RPI Year on Year Chart 5.2% 5.1% 4.9%
RPI Month on Month RPI Month on Month Chart 0.5% -0.1% -0.3%
CPI Month on Month CPI Month on Month Chart 0.4% -0.3% -0.6%
CPI Year on Year CPI Year on Year Chart 4.0% 4.2% 4.0%
PPI Core Year on Year (nsa) PPI Core Year on Year (nsa) Chart 0.1% -0.4%
PPI Core Month on Month (nsa) PPI Core Month on Month (nsa) Chart 0.0% 0.2%
GDP Flash estimate Year on Year   0.1% 0.1% 0.1%
Industrial Production Month on Month   -0.3% -0.2% 2.6%
GDP Flash Estimate Quarter on Quarter GDP Flash Estimate Quarter on Quarter Chart 0.0% 0.0% 0.0%
Industrial Production Year on Year Industrial Production Year on Year Chart -6.8% -4.1% 1.2%
EIA Weekly Crude Oil Stocks   5.521Mln 2.560Mln 12.018Mln
GDP Quarter on Quarter   -0.7% 0.3% -0.1%

Thursday 15 February

Indicator Previous Expected Actual
Unemployment Rate Unemployment Rate Chart 3.9% 4.0% 4.1%
Industrial Production Revised Industrial Production Revised Chart 1.8% 1.4%
Manufacturing Output Year on Year Manufacturing Output Year on Year Chart 1.3% 0.6% 2.3%
Manufacturing Output Month on Month Manufacturing Output Month on Month Chart 0.4% 0.0% 0.8%
Industrial Production Year on Year Industrial Production Year on Year Chart -0.1% -0.4% 0.6%
Trade Balance Trade Balance Chart -14.189Bln GB -14.900Bln GB -13.989Bln GB
Trade Balance Non-EU Trade Balance Non-EU Chart -2.838Bln GB -3.319Bln GB
Industrial Production Month on Month Industrial Production Month on Month Chart 0.3% -0.1% 0.6%
GDP Prelim Quarter on Quarter GDP Prelim Quarter on Quarter Chart -0.1% -0.1% -0.3%
GDP Prelim Year on Year   0.3% 0.1% -0.2%
Trade Balance Trade Balance Chart -2.385Bln EU -2.750Bln EU
Trade Balance Trade Balance Chart 20.3Bln EU 21.5Bln EU 16.8Bln EU
House Starts Annualized House Starts Annualized Chart 249.3k 235.0k 223.6k
Philadelphia Fed Business Index Philadelphia Fed Business Index Chart -10.6 -8.0 5.2
Weekly Jobless Claims Weekly Jobless Claims Chart 218k 220k 212k
Retail Sales Month on Month   0.6% -0.1% -0.8%
Retail Sales Ex-Auto Month on Month   0.4% 0.2% -0.6%
Industrial Production Month on Month Industrial Production Month on Month Chart 0.1% 0.3% -0.1%
Business Inventories Month on Month Business Inventories Month on Month Chart -0.1% 0.4% 0.4%

Friday 16 February

Indicator Previous Expected Actual
Retail Sales Month on Month Retail Sales Month on Month Chart -3.2% 1.5% 3.4%
Retail Sales Year on Year Retail Sales Year on Year Chart -2.4% -1.4% 0.7%
CPI Final Month on Month CPI Final Month on Month Chart -0.2% -0.2% -0.2%
CPI Final Year on Year CPI Final Year on Year Chart 3.4% 3.4% 3.4%
PPI Final Demand Month on Month PPI Final Demand Month on Month Chart -0.1% 0.1% 0.3%
PPI Core Year on Year PPI Core Year on Year Chart 1.0% 0.6% 0.9%
PPI excl Food and Energy MM PPI excl Food and Energy MM Chart 0.0% 0.1% 0.5%
Housing Starts Housing Starts Chart 1.460Mln 1.460Mln 1.331Mln

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