Market Analysis

Economic Diary:
Week Commencing 20/03/23


Monday 20 March

Indicator Previous Expected Actual
PPI Year on Year PPI Year on Year Chart 17.8% 14.5% +15.8%
PPI Month on Month PPI Month on Month Chart -1.0% -0.5% -0.3%
Trade Balance Trade Balance Chart -8.8Bln EU -30.6Bln EU

Tuesday 21 March

Indicator Previous Expected Actual
Public Sector Net Borrowing   -6.242Bln GB 15.859Bln GB
ZEW Current Conditions ZEW Current Conditions Chart -45.1 -44.3 -46.5
ZEW Economic sentiment ZEW Economic sentiment Chart 28.1 17.1 13.0
CPI Year on Year CPI Year on Year Chart 5.9% 5.4% 5.2%
CPI BoC Core Year on Year CPI BoC Core Year on Year Chart 5.0% 4.8% +4.7%
CPI Month on Month CPI Month on Month Chart 0.5% 0.5% 0.4%
CPI Boc Core Month on Month CPI Boc Core Month on Month Chart 0.3% +0.5%
Existing Home Sales Existing Home Sales Chart 4.00Mln 4.20Mln 4.58Mln

Wednesday 22 March

Indicator Previous Expected Actual
RPI Month on Month RPI Month on Month Chart 0.0% 0.6% 1.2%
CPI Month on Month CPI Month on Month Chart -0.6% 0.6% +1.1%
RPI Year on Year RPI Year on Year Chart 13.4% 13.3% 13.8%
PPI Core Month on Month (nsa) PPI Core Month on Month (nsa) Chart 0.6% -0.2%
CPI Year on Year CPI Year on Year Chart 10.1% 9.9% +10.4%
PPI Core Year on Year (nsa) PPI Core Year on Year (nsa) Chart 11.1% 10.4%
EIA Weekly Crude Oil Stocks   1.550Mln -1.565Mln 1.117Mln
FOMC Rate Decision   4.625% 4.875% 4.750 - 5.000%

Thursday 23 March

Indicator Previous Expected Actual
BoE Rate Decision BoE Rate Decision Chart 4.00% 4.25% 4.25%
MPC Vote For Rate Cut   0 0 0
MPC Vote For Rate Hike   7 6 7
MPC Vote For Rate Unchanged   2 3 2
Current Account Balance Current Account Balance Chart -217.1Bln US -213.2Bln US -206.8Bln US
Weekly Jobless Claims Weekly Jobless Claims Chart 192k 197k 191k
New Home Sales-Units Month on Month New Home Sales-Units Month on Month Chart 0.670Mln 0.650Mln 0.640Mln
CPI Overall Nationwide CPI Overall Nationwide Chart 4.3% +3.3%
CPI Core Nationwide Year on Year CPI Core Nationwide Year on Year Chart 4.2% 3.1% +3.1%

Friday 24 March

Indicator Previous Expected Actual
GFK Consumer Confidence GFK Consumer Confidence Chart -38 -36 -36
Retail Sales Year on Year Retail Sales Year on Year Chart -5.1% -4.7% -3.5%
Retail Sales Month on Month Retail Sales Month on Month Chart 0.5% 0.2% +1.2%
Durable Goods   -4.5% 0.6% -1.0%
Retail Sales Month on Month Retail Sales Month on Month Chart 0.5% 0.7% 1.4%

MARKET ANALYSIS

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