Market Analysis

Economic Diary:
Week Commencing 15/05/23

Monday 15 May

Indicator Previous Expected Actual
Industrial Production Year on Year Industrial Production Year on Year Chart 2.0% 0.9% -1.4%
Industrial Production Month on Month   1.5% -2.5% -4.1%
House Starts Annualized House Starts Annualized Chart 213.9k 220.0k 261.6k

Tuesday 16 May

Indicator Previous Expected Actual
Consumer Sentiment Consumer Sentiment Chart 9.4% -7.9%
Retail Sales Retail Sales Chart 10.6% 21.0% 18.4%
Claimant Count Unemployment Change Claimant Count Unemployment Change Chart 28.2k +46.7k
Average Weekly Earnings 3 Month Year on Year Average Weekly Earnings 3 Month Year on Year Chart 5.9% 5.8% 5.8%
Unemployment Rate (ILO) Unemployment Rate (ILO) Chart 3.8% 3.8% +3.9%
CPI Final Month on Month   1.0% 1.0% 0.9%
CPI Final Year on Year   8.8% 8.8% 8.7%
ZEW Economic sentiment ZEW Economic sentiment Chart 4.1 -5.3 -10.7
ZEW Current Conditions ZEW Current Conditions Chart -32.5 -37.0 -34.8
GDP Flash estimate Year on Year   1.3% 1.3% 1.3%
Trade Balance Trade Balance Chart 4.6Bln EU +25.6Bln EU
GDP Flash Estimate Quarter on Quarter GDP Flash Estimate Quarter on Quarter Chart 0.1% 0.1% 0.1%
Retail Sales Month on Month   -0.6% 0.8% +0.4%
CPI BoC Core Year on Year CPI BoC Core Year on Year Chart 4.3% +4.1%
Retail Sales Ex-Auto Month on Month   -0.4% 0.4% 0.4%
CPI Month on Month CPI Month on Month Chart 0.5% 0.4% 0.7%
CPI Boc Core Month on Month CPI Boc Core Month on Month Chart 0.6% +0.5%
CPI Year on Year CPI Year on Year Chart 4.3% 4.1% 4.4%
Industrial Production Month on Month Industrial Production Month on Month Chart 0.4% 0.0% 0.5%
Business Inventories Month on Month Business Inventories Month on Month Chart 0.2% 0.0% -0.1%

Wednesday 17 May

Indicator Previous Expected Actual
GDP Quarter on Quarter   0.0% 0.1% 0.4%
Industrial Production Revised Industrial Production Revised Chart 0.8% 1.1%
ILO Unemployment Rate ILO Unemployment Rate Chart 7.2% 7.1% 7.1%
Trade Balance Trade Balance Chart -1.889Bln EU -0.916Bln EU
CPI Final Year on Year CPI Final Year on Year Chart 7.0% 7.0% 7.0%
CPI Final Month on Month CPI Final Month on Month Chart 0.9% 0.7% 0.6%
Housing Starts Housing Starts Chart 1.420Mln 1.400Mln 1.401Mln
EIA Weekly Crude Oil Stocks   2.951Mln -0.920Mln 5.040Mln

Thursday 18 May

Indicator Previous Expected Actual
Imports Year on Year Imports Year on Year Chart 7.3% -0.3% -2.3%
Trade Balance Trade Balance Chart -754.5Bln JP -613.8Bln JP -432.4Bln JP
Exports Year on Year Exports Year on Year Chart 4.3% 3.0% 2.6%
Unemployment Rate Unemployment Rate Chart 3.5% 3.5% +3.7%
Philadelphia Fed Business Index Philadelphia Fed Business Index Chart -31.3 -19.8 -10.4
Weekly Jobless Claims Weekly Jobless Claims Chart 264k 254k 242k
Existing Home Sales Existing Home Sales Chart 4.44Mln 4.30Mln 4.28Mln

Friday 19 May

Indicator Previous Expected Actual
GFK Consumer Confidence GFK Consumer Confidence Chart -30 -27 -27
CPI Overall Nationwide CPI Overall Nationwide Chart 3.2% 3.5%
CPI Core Nationwide Year on Year CPI Core Nationwide Year on Year Chart 3.1% 3.4% +3.4%
PPI Year on Year PPI Year on Year Chart 7.5% 4.0% +4.1%
PPI Month on Month PPI Month on Month Chart -2.6% -0.5% +0.3%
Retail Sales Month on Month Retail Sales Month on Month Chart -0.2% -1.4% -1.4%

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