Market Analysis

Economic Diary:
Week Commencing 12/01/26


Monday 12 January

Indicator Previous Expected Actual
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart -0.4%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 0.6%
Trade Balance Trade Balance Chart -1.310Bln EU
Dallas Fed PCE Dallas Fed PCE Chart 1.9%
Consumer Sentiment Consumer Sentiment Chart -9.0% -1.7%

Tuesday 13 January

Indicator Previous Expected Actual
Retail Sales (Office for National Stats) Retail Sales (Office for National Stats) Chart 1.2% +1.0%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart -0.4%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 0.6%
Trade Balance Trade Balance Chart -1.310Bln EU
CPI Year on Year (nsa) CPI Year on Year (nsa) Chart 2.7% 2.7% 2.7%
CPI Month on Month (sa) CPI Month on Month (sa) Chart 0.3% 0.3% +0.3%
New Home Sales-Units Month on Month New Home Sales-Units Month on Month Chart 0.738Mln 0.720Mln 0.737Mln
Dallas Fed PCE Dallas Fed PCE Chart 1.9%

Wednesday 14 January

Indicator Previous Expected Actual
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart -0.4%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 0.6%
Trade Balance Trade Balance Chart -1.310Bln EU
Retail Sales Ex-Auto Month on Month   0.4% 0.4% 0.5%
Current Account Balance Current Account Balance Chart -251.3Bln US -238.4Bln US -226.4Bln US
PPI excl Food and Energy MM PPI excl Food and Energy MM Chart 0.3% 0.2% 0.0%
PPI Final Demand Month on Month PPI Final Demand Month on Month Chart 0.1% 0.2% 0.2%
PPI Core Year on Year PPI Core Year on Year Chart 2.8% 2.7% 3.0%
Retail Sales Month on Month   0.0% 0.4% 0.6%
Existing Home Sales Existing Home Sales Chart 4.13Mln 4.21Mln 4.35Mln
Business Inventories Month on Month Business Inventories Month on Month Chart 0.2% 0.2% +0.3%
EIA Weekly Crude Oil Stocks   -3.832Mln -1.702Mln 3.391Mln
Dallas Fed PCE Dallas Fed PCE Chart 1.9%

Thursday 15 January

Indicator Previous Expected Actual
Trade Balance Non-EU Trade Balance Non-EU Chart -10.255Bln GB -11.457Bln GB
Manufacturing Output Year on Year Manufacturing Output Year on Year Chart -0.8% -0.3% 2.1%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 0.6%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart -0.4%
Industrial Production Year on Year Industrial Production Year on Year Chart -0.8% -0.4% 2.3%
Industrial Production Month on Month Industrial Production Month on Month Chart 1.1% 0.1% 1.1%
Trade Balance Trade Balance Chart -22.542Bln GB -20.400Bln GB -23.711Bln GB
Manufacturing Output Month on Month Manufacturing Output Month on Month Chart 0.5% 0.5% 2.1%
CPI Final Year on Year CPI Final Year on Year Chart 0.7% 0.7% 0.7%
CPI Final Month on Month CPI Final Month on Month Chart 0.1% 0.1% 0.1%
Industrial Production Year on Year (wda) Industrial Production Year on Year (wda) Chart -0.3% -0.6% 1.4%
Trade Balance Trade Balance Chart -1.310Bln EU -1.959Bln EU
Industrial Production Month on Month (sa) Industrial Production Month on Month (sa) Chart -1.0% 0.5% 1.5%
Industrial Production Year on Year Industrial Production Year on Year Chart 2.0% 2.0% 2.5%
Trade Balance Trade Balance Chart 18.4Bln EU 9.9Bln EU
Industrial Production Month on Month   0.8% 0.5% 0.7%
House Starts Annualized House Starts Annualized Chart 254.1k 260.0k
Philadelphia Fed Business Index Philadelphia Fed Business Index Chart -10.2 -1.0 12.6
Dallas Fed PCE Dallas Fed PCE Chart 1.9%

Friday 16 January

Indicator Previous Expected Actual
CPI Final Year on Year CPI Final Year on Year Chart 1.8% 1.8% 1.8%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 0.6%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart -0.4%
CPI Final Month on Month   0.2% 0.2% 0.2%
CPI Final Year on Year   1.2% 1.2% 1.2%
House Starts Annualized House Starts Annualized Chart 254.1k 260.0k 282.4k
Industrial Production Month on Month Industrial Production Month on Month Chart 0.2% 0.1% 0.4%
Dallas Fed PCE Dallas Fed PCE Chart 1.9%

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