Market Analysis

Economic Diary:
Week Commencing 12/06/23

Tuesday 13 June

Indicator Previous Expected Actual
Consumer Sentiment Consumer Sentiment Chart -7.9% +0.2%
CPI Final Year on Year CPI Final Year on Year Chart 6.1% 6.1% 6.1%
Claimant Count Unemployment Change Claimant Count Unemployment Change Chart 46.7k -13.6k
Unemployment Rate (ILO) Unemployment Rate (ILO) Chart 3.9% 4.0% +3.8%
Average Weekly Earnings 3 Month Year on Year Average Weekly Earnings 3 Month Year on Year Chart 5.8% 6.1% 6.5%
ZEW Economic sentiment ZEW Economic sentiment Chart -10.7 -13.1 -8.5
ZEW Current Conditions ZEW Current Conditions Chart -34.8 -40.0 -56.5
CPI Year on Year (nsa) CPI Year on Year (nsa) Chart 4.9% 4.1% 4.0%
CPI Month on Month (sa) CPI Month on Month (sa) Chart 0.4% 0.2% 0.1%

Wednesday 14 June

Indicator Previous Expected Actual
Manufacturing Output Year on Year Manufacturing Output Year on Year Chart -1.3% -0.9% -0.9%
Manufacturing Output Month on Month Manufacturing Output Month on Month Chart 0.7% -0.2% -0.3%
Trade Balance Trade Balance Chart -16.356Bln GB -16.500Bln GB -14.996Bln GB
Industrial Production Month on Month Industrial Production Month on Month Chart 0.7% -0.1% -0.3%
Industrial Production Year on Year Industrial Production Year on Year Chart -2.0% -1.7% -1.9%
Trade Balance Non-EU Trade Balance Non-EU Chart -5.458Bln GB -5.035Bln GB
Industrial Production Year on Year Industrial Production Year on Year Chart -1.4% 0.8% +0.2%
Industrial Production Month on Month   -4.1% 0.8% +1.0%
PPI excl Food and Energy MM PPI excl Food and Energy MM Chart 0.2% 0.2% 0.2%
PPI Core Year on Year PPI Core Year on Year Chart 2.3% 1.5% 1.1%
PPI Final Demand Month on Month PPI Final Demand Month on Month Chart 0.2% -0.1% -0.3%
EIA Weekly Crude Oil Stocks   -0.451Mln -0.510Mln 7.919Mln
FOMC Rate Decision   5.125% 5.125% 5.00 - 5.25%

Thursday 15 June

Indicator Previous Expected Actual
Trade Balance Trade Balance Chart -432.4Bln JP -1331.9Bln JP -1372.5Bln JP
Imports Year on Year Imports Year on Year Chart -2.3% -10.3% -9.9%
Exports Year on Year Exports Year on Year Chart 2.6% -0.8% 0.6%
Unemployment Rate Unemployment Rate Chart 3.7% 3.7% +3.6%
Retail Sales Retail Sales Chart 18.4% 13.6% 12.7%
CPI Final Year on Year CPI Final Year on Year Chart 6.0% 6.0% 6.0%
CPI Final Month on Month CPI Final Month on Month Chart -0.1% -0.1% -0.1%
Trade Balance Trade Balance Chart 25.6Bln EU -11.7Bln EU
Trade Balance Trade Balance Chart -0.834Bln EU -0.921Bln EU
ECB Rate Decision ECB Rate Decision Chart 3.75% 4.00% 4.00%
House Starts Annualized House Starts Annualized Chart 261.6k 235.0k 202.5k
Philadelphia Fed Business Index Philadelphia Fed Business Index Chart -10.4 -14.0 -13.7
Retail Sales Month on Month   0.4% -0.1% 0.3%
Weekly Jobless Claims Weekly Jobless Claims Chart 261k 249k 262k
Retail Sales Ex-Auto Month on Month   0.4% 0.1% 0.1%
Industrial Production Month on Month Industrial Production Month on Month Chart 0.5% 0.1% -0.2%
Business Inventories Month on Month Business Inventories Month on Month Chart -0.1% 0.2% 0.2%

Friday 16 June

Indicator Previous Expected Actual
CPI Final Year on Year   8.1% 8.1% 8.0%
CPI Final Month on Month   0.3% 0.3% 0.3%
CPI Final Month on Month CPI Final Month on Month Chart 0.6% 0.0% 0.0%
CPI Final Year on Year CPI Final Year on Year Chart 6.1% 6.1% 6.1%
Trade Balance Trade Balance Chart -0.834Bln EU -0.921Bln EU

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