Market Analysis

Economic Diary:
Week Commencing 13/06/22

Monday 13 June

Indicator Previous Expected Actual
Trade Balance Non-EU Trade Balance Non-EU Chart -13.804Bln GB -10.988Bln GB
Manufacturing Output Year on Year Manufacturing Output Year on Year Chart 1.9% 1.8% +0.5%
Manufacturing Output Month on Month Manufacturing Output Month on Month Chart -0.2% 0.2% -1.0%
Industrial Production Month on Month Industrial Production Month on Month Chart -0.2% 0.2% -0.6%
Industrial Production Year on Year Industrial Production Year on Year Chart 0.7% 1.7% +0.7%
Trade Balance Trade Balance Chart -23.897Bln GB -22.500Bln GB -20.893Bln GB

Tuesday 14 June

Indicator Previous Expected Actual
Industrial Production Revised Industrial Production Revised Chart -1.3% -1.5%
Industrial Production Revised Industrial Production Revised Chart -1.3% -1.5%
Claimant Count Unemployment Change Claimant Count Unemployment Change Chart -56.9k -49.4k -19.7k
Unemployment Rate (ILO) Unemployment Rate (ILO) Chart 3.7% 3.6% 3.8%
CPI Final Year on Year CPI Final Year on Year Chart 7.9% 7.9% +7.9%
Average Weekly Earnings 3 Month Year on Year Average Weekly Earnings 3 Month Year on Year Chart 7.0% 7.6% 6.8%
CPI Final Year on Year CPI Final Year on Year Chart 7.9% 7.9% +7.9%
Claimant Count Unemployment Change Claimant Count Unemployment Change Chart -56.9k -49.4k -19.7k
Average Weekly Earnings 3 Month Year on Year Average Weekly Earnings 3 Month Year on Year Chart 7.0% 7.6% 6.8%
Unemployment Rate (ILO) Unemployment Rate (ILO) Chart 3.7% 3.6% 3.8%
ZEW Current Conditions ZEW Current Conditions Chart -36.5 -31.0 -27.6
ZEW Economic sentiment ZEW Economic sentiment Chart -34.3 -27.5 -28.0
PPI Final Demand Month on Month PPI Final Demand Month on Month Chart 0.5% 0.8% 0.8%
PPI Core Year on Year PPI Core Year on Year Chart 11.0% 10.9% 10.8%
PPI Core Year on Year PPI Core Year on Year Chart 11.0% 10.9% 10.8%
PPI excl Food and Energy MM PPI excl Food and Energy MM Chart 0.4% 0.6% 0.5%
PPI Final Demand Month on Month PPI Final Demand Month on Month Chart 0.5% 0.8% 0.8%
PPI excl Food and Energy MM PPI excl Food and Energy MM Chart 0.4% 0.6% 0.5%

Wednesday 15 June

Indicator Previous Expected Actual
Consumer Sentiment Consumer Sentiment Chart -5.6% -4.5%
Retail Sales Retail Sales Chart -11.1% -7.1% -6.7%
CPI Final Year on Year CPI Final Year on Year Chart 5.8% 5.8% 5.8%
CPI Final Month on Month CPI Final Month on Month Chart 0.7% 0.7% 0.8%
Trade Balance Trade Balance Chart -16.4Bln EU -32.4Bln EU
Industrial Production Month on Month   -1.8% 0.5% +0.4%
Industrial Production Year on Year Industrial Production Year on Year Chart -0.8% -1.1% -2.0%
House Starts Annualized House Starts Annualized Chart 267.3k 252.6k 287.3k
Retail Sales Ex-Auto Month on Month   0.6% 0.8% 0.5%
Retail Sales Month on Month   0.9% 0.2% -0.3%
Business Inventories Month on Month Business Inventories Month on Month Chart 2.0% 1.2% 1.2%
EIA Weekly Crude Oil Stocks   2.025Mln -1.314Mln 1.956Mln
FOMC Rate Decision   0.875% 1.375% 1.50 - 1.75%

Thursday 16 June

Indicator Previous Expected Actual
Exports Year on Year Exports Year on Year Chart 12.5% 16.4% +15.8%
Trade Balance Trade Balance Chart -839.2Bln JP -2022.6Bln JP -2384.7Bln JP
Imports Year on Year Imports Year on Year Chart 28.2% 43.6% +48.9%
Unemployment Rate Unemployment Rate Chart 3.9% 3.8% +3.9%
CPI Final Month on Month   0.9% 0.9% 0.9%
CPI Final Year on Year   7.3% 7.3% 7.3%
MPC Vote For Rate Unchanged   0 0 0
MPC Vote For Rate Cut   0 0 0
BoE Rate Decision BoE Rate Decision Chart 1.00% 1.25% 1.25%
BoE QE Total   875Bln GB 875Bln GB
MPC Vote For Rate Hike   9 9 9
Weekly Jobless Claims Weekly Jobless Claims Chart 229k 215k 229k
Housing Starts Housing Starts Chart 1.724Mln 1.701Mln 1.549Mln
Philadelphia Fed Business Index Philadelphia Fed Business Index Chart 2.6 5.5 -3.3

Friday 17 June

Indicator Previous Expected Actual
CPI Final Month on Month CPI Final Month on Month Chart 0.6% 0.8% +0.8%
Trade Balance Trade Balance Chart 0.420Bln EU -0.955Bln EU
CPI Final Year on Year CPI Final Year on Year Chart 8.1% 8.1% 8.1%
Industrial PPI Year on Year Industrial PPI Year on Year Chart 16.4% 15.0%
Industrial PPI Month on Month Industrial PPI Month on Month Chart 0.8% 1.7%
Industrial Production Month on Month Industrial Production Month on Month Chart 1.1% 0.4% 0.2%

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