Market Analysis

Economic Diary:
Week Commencing 16/09/24


Monday 16 September

Indicator Previous Expected Actual
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart -0.2%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 2.4%
CPI Final Year on Year   1.3% 1.3% 1.2%
Retail Sales Month on Month Retail Sales Month on Month Chart -1.2% 0.1%
CPI Final Month on Month   -0.1% -0.1% -0.2%
Trade Balance Trade Balance Chart -1.045Bln EU +0.642Bln EU
Trade Balance Trade Balance Chart 22.3Bln EU +21.2Bln EU

Tuesday 17 September

Indicator Previous Expected Actual
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 2.4%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart -0.2%
Retail Sales Month on Month Retail Sales Month on Month Chart -1.2% 0.1%
ZEW Current Conditions ZEW Current Conditions Chart -77.3 -80.0 -84.5
ZEW Economic sentiment ZEW Economic sentiment Chart 19.2 17.0 3.6
House Starts Annualized House Starts Annualized Chart 279.5k 252.5k 217.4k
CPI BoC Core Year on Year CPI BoC Core Year on Year Chart 1.7% +1.5%
CPI Month on Month CPI Month on Month Chart 0.4% 0.0% -0.2%
Retail Sales Ex-Auto Month on Month   0.4% 0.2% 0.1%
CPI Boc Core Month on Month CPI Boc Core Month on Month Chart 0.3% -0.1%
CPI Year on Year CPI Year on Year Chart 2.5% 2.1% 2.0%
Retail Sales Month on Month   1.0% -0.2% 0.1%
Industrial Production Month on Month Industrial Production Month on Month Chart -0.6% 0.2% 0.8%
Business Inventories Month on Month Business Inventories Month on Month Chart 0.3% 0.3% 0.4%

Wednesday 18 September

Indicator Previous Expected Actual
Exports Year on Year Exports Year on Year Chart 10.3% 10.0% 5.6%
Trade Balance Trade Balance Chart -621.8Bln JP -1380.0Bln JP -695.3Bln JP
Imports Year on Year Imports Year on Year Chart 16.6% 13.4% 2.3%
CPI Year on Year CPI Year on Year Chart 2.2% 2.2% +2.2%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart -0.2%
PPI Core Month on Month (nsa) PPI Core Month on Month (nsa) Chart 0.0% 0.1%
PPI Core Year on Year (nsa) PPI Core Year on Year (nsa) Chart 1.0% 1.3%
RPI Year on Year RPI Year on Year Chart 3.6% 3.4% 3.5%
CPI Month on Month CPI Month on Month Chart -0.2% 0.3% +0.3%
RPI Month on Month RPI Month on Month Chart 0.1% 0.5% 0.6%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 2.4%
Retail Sales Month on Month Retail Sales Month on Month Chart -1.2% 0.1%
CPI Final Month on Month CPI Final Month on Month Chart 0.0% 0.2% 0.1%
CPI Final Year on Year CPI Final Year on Year Chart 2.2% 2.2% 2.2%
Housing Starts Housing Starts Chart 1.238Mln 1.310Mln 1.356Mln
EIA Weekly Crude Oil Stocks   0.833Mln -0.500Mln -1.630Mln
FOMC Rate Decision   5.375% 5.125% 4.75 - 5.00%

Thursday 19 September

Indicator Previous Expected Actual
Unemployment Rate Unemployment Rate Chart 4.2% 4.2% +4.2%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart -0.2%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 2.4%
Retail Sales Month on Month Retail Sales Month on Month Chart -1.2% 0.1%
MPC Vote For Rate Hike   0 0 0
BoE Rate Decision BoE Rate Decision Chart 5.00% 5.00% 5.0%
MPC Vote For Rate Cut   5 2 1
MPC Vote For Rate Unchanged   4 7 8
Philadelphia Fed Business Index Philadelphia Fed Business Index Chart -7.0 -1.0 1.7
Current Account Balance Current Account Balance Chart -237.6Bln US -260.0Bln US -266.8Bln US
Weekly Jobless Claims Weekly Jobless Claims Chart 230k 230k 219k
Existing Home Sales Existing Home Sales Chart 3.95Mln 3.90Mln 3.86Mln

Friday 20 September

Indicator Previous Expected Actual
GFK Consumer Confidence GFK Consumer Confidence Chart -13 -13 -20
CPI Core Nationwide Year on Year CPI Core Nationwide Year on Year Chart 2.7% 2.8% 2.8%
CPI Overall Nationwide CPI Overall Nationwide Chart 2.8% 3.0%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart -0.2%
PPI Year on Year PPI Year on Year Chart -0.8% -1.0% -0.8%
Public Sector Net Borrowing   2.177Bln GB 13.734Bln GB
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 2.4%
Retail Sales Month on Month Retail Sales Month on Month Chart 0.5% 0.4% 1.0%
PPI Month on Month PPI Month on Month Chart 0.2% 0.0% +0.2%
Retail Sales Year on Year Retail Sales Year on Year Chart 1.4% 1.4% 2.5%
Retail Sales Month on Month Retail Sales Month on Month Chart -1.2% 0.1%
Industrial PPI Month on Month Industrial PPI Month on Month Chart 0.0% -0.8%
Industrial PPI Year on Year Industrial PPI Year on Year Chart 2.9% 0.2%
Retail Sales Month on Month Retail Sales Month on Month Chart -0.3% 0.6% 0.9%

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