Market Analysis

Economic Diary:
Week Commencing 17/03/25


Monday 17 March

Indicator Previous Expected Actual
Retail Sales Retail Sales Chart 3.7% 4.0% 4.0%
CPI Final Month on Month   0.1% 0.1% 0.1%
CPI Final Year on Year   1.7% 1.7% 1.7%
House Starts Annualized House Starts Annualized Chart 239.7k 246.2k 229.0k
Retail Sales Month on Month   -0.9% 0.6% 0.2%
Retail Sales Ex-Auto Month on Month   -0.4% 0.3% 0.3%
Business Inventories Month on Month Business Inventories Month on Month Chart -0.2% 0.3% 0.3%

Tuesday 18 March

Indicator Previous Expected Actual
Trade Balance Trade Balance Chart -1.861Bln EU -0.635Bln EU
Trade Balance Trade Balance Chart -1.861Bln EU -0.635Bln EU
Trade Balance Trade Balance Chart 15.5Bln EU +1.0Bln EU
ZEW Current Conditions ZEW Current Conditions Chart -88.5 -80.5 -87.6
ZEW Economic sentiment ZEW Economic sentiment Chart 26.0 50.3 51.6
Trade Balance Trade Balance Chart 15.5Bln EU +1.0Bln EU
Housing Starts Housing Starts Chart 1.366Mln 1.380Mln 1.501Mln
CPI Month on Month CPI Month on Month Chart 0.1% 0.6% +1.1%
CPI Boc Core Month on Month CPI Boc Core Month on Month Chart 0.4% +0.7%
CPI BoC Core Year on Year CPI BoC Core Year on Year Chart 2.1% +2.7%
CPI Year on Year CPI Year on Year Chart 1.9% 2.2% +2.6%
Housing Starts Housing Starts Chart 1.366Mln 1.380Mln 1.501Mln
Industrial Production Month on Month Industrial Production Month on Month Chart 0.5% 0.2% 0.7%
Industrial Production Month on Month Industrial Production Month on Month Chart 0.5% 0.2% 0.7%
Imports Year on Year Imports Year on Year Chart 16.7% 0.1% -0.7%
Exports Year on Year Exports Year on Year Chart 7.2% 12.1% 11.4%
Trade Balance Trade Balance Chart -2758.8Bln JP 722.8Bln JP 584.5Bln JP
Exports Year on Year Exports Year on Year Chart 7.2% 12.1% 11.4%
Trade Balance Trade Balance Chart -2758.8Bln JP 722.8Bln JP 584.5Bln JP
Imports Year on Year Imports Year on Year Chart 16.7% 0.1% -0.7%

Wednesday 19 March

Indicator Previous Expected Actual
Industrial Production Revised Industrial Production Revised Chart -1.1% -1.1%
CPI Final Month on Month CPI Final Month on Month Chart -0.3% 0.5% +0.4%
CPI Final Year on Year CPI Final Year on Year Chart 2.4% 2.4% 2.3%
EIA Weekly Crude Oil Stocks   1.448Mln 0.512Mln 1.745Mln
FOMC Rate Decision   4.375% 4.375% 4.25 - 4.50%

Thursday 20 March

Indicator Previous Expected Actual
Unemployment Rate Unemployment Rate Chart 4.1% 4.1% +4.1%
Unemployment Rate (ILO) Unemployment Rate (ILO) Chart 4.4% 4.4% 4.4%
PPI Year on Year PPI Year on Year Chart 0.5% 1.0% +0.7%
Claimant Count Unemployment Change Claimant Count Unemployment Change Chart 22.0k +44.2k
Average Weekly Earnings 3 Month Year on Year Average Weekly Earnings 3 Month Year on Year Chart 6.0% 5.9% 5.8%
PPI Month on Month PPI Month on Month Chart -0.1% 0.1% -0.2%
MPC Vote For Rate Cut   9 2 1
BoE Rate Decision BoE Rate Decision Chart 4.50% 4.50% 4.5%
MPC Vote For Rate Hike   0 0 0
MPC Vote For Rate Unchanged   0 7 8
Industrial PPI Year on Year Industrial PPI Year on Year Chart 5.8% 4.9%
Current Account Balance Current Account Balance Chart -310.9Bln US -325.5Bln US -303.9Bln US
Weekly Jobless Claims Weekly Jobless Claims Chart 220k 224k 223k
Philadelphia Fed Business Index Philadelphia Fed Business Index Chart 18.1 8.5 12.5
Industrial PPI Month on Month Industrial PPI Month on Month Chart 1.6% 0.4%
Existing Home Sales Existing Home Sales Chart 4.08Mln 3.95Mln 4.26Mln
CPI Core Nationwide Year on Year CPI Core Nationwide Year on Year Chart 3.2% 2.9% 3.0%
CPI Overall Nationwide CPI Overall Nationwide Chart 4.0% 3.7%

Friday 21 March

Indicator Previous Expected Actual
GFK Consumer Confidence GFK Consumer Confidence Chart -20 -21 -19
Public Sector Net Borrowing   -15.442Bln GB 10.710Bln GB
Retail Sales Month on Month Retail Sales Month on Month Chart 2.5% -0.4% -0.6%

MARKET ANALYSIS

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