Market Analysis

Economic Diary:
Week Commencing 24/06/24


Monday 24 June

Indicator Previous Expected Actual
IFO Business Climate Expectations IFO Business Climate Expectations Chart 90.4 91.0 89.0

Tuesday 25 June

Indicator Previous Expected Actual
Consumer Sentiment Consumer Sentiment Chart -0.3% +1.7%
CPI Year on Year CPI Year on Year Chart 2.7% 2.6% 2.9%
CPI BoC Core Year on Year CPI BoC Core Year on Year Chart 1.6% +1.8%
CPI Month on Month CPI Month on Month Chart 0.5% 0.3% 0.6%
CPI Boc Core Month on Month CPI Boc Core Month on Month Chart 0.2% +0.6%
Consumer Confidence Consumer Confidence Chart 102.0 100.0 100.4

Wednesday 26 June

Indicator Previous Expected Actual
GFK Consumer Confidence GFK Consumer Confidence Chart -20.9 -18.9 -21.8
Consumer Confidence Consumer Confidence Chart 90 89 89
ZEW Investor Sentiment   18.2 17.5
New Home Sales-Units Month on Month New Home Sales-Units Month on Month Chart 0.634Mln 0.640Mln 0.619Mln
EIA Weekly Crude Oil Stocks   -2.547Mln -2.850Mln 3.591Mln

Thursday 27 June

Indicator Previous Expected Actual
Retail Sales Year on Year Retail Sales Year on Year Chart 2.4% 2.0% 3.0%
Consumer Confidence   96.4 97.0 98.3
PPI Month on Month PPI Month on Month Chart -0.9% 0.3%
Business Climate Business Climate Chart -0.39 -0.46
Consumer Confidence Consumer Confidence Chart -14.0 -14.0 -14.0
Economic Sentiment Economic Sentiment Chart 96.0 96.2 95.9
Services Sentiment Services Sentiment Chart 6.5 6.4 6.5
Industrial Sentiment Industrial Sentiment Chart -9.9 -9.6 -10.1
PPI Year on Year PPI Year on Year Chart -5.9% -3.5%
Weekly Jobless Claims Weekly Jobless Claims Chart 238k 236k 233k
GDP Final GDP Final Chart 1.3% 1.3% 1.4%
Corporate Profits Corporate Profits Chart -1.7% -2.7%
GDP Deflator GDP Deflator Chart 3.1% 3.1% 3.1%
Durable Goods   0.6% -0.1% 0.1%
Pending Home Sales Month on Month Pending Home Sales Month on Month Chart -7.7% 2.5% -2.1%

Friday 28 June

Indicator Previous Expected Actual
Unemployment Rate Unemployment Rate Chart 2.6% 2.6% 2.6%
Industrial Production Prelim   -0.9% 2.0% 2.8%
GDP Final Quarter on Quarter GDP Final Quarter on Quarter Chart 0.6% 0.6% 0.7%
Current Account Current Account Chart -21.177Bln GB -17.600Bln GB -20.995Bln GB
GDP Final Year on Year   0.2% 0.2% 0.3%
PPI Month on Month PPI Month on Month Chart -3.6% -1.4%
Unemployment Rate (sa) Unemployment Rate (sa) Chart 5.9% 5.9% 6.0%
Unemployment Change (sa) Unemployment Change (sa) Chart 25k 15k 19k
PCE Core Price Index Year on Year PCE Core Price Index Year on Year Chart 2.8% 2.6% 2.6%
PCE Price Index Year on Year PCE Price Index Year on Year Chart 2.7% 2.6% 2.6%
GDP Month on Month GDP Month on Month Chart 0.0% 0.3% 0.3%
PCE Price Index Month on Month PCE Price Index Month on Month Chart 0.3% 0.0% 0.0%
Personal Income Month on Month Personal Income Month on Month Chart 0.3% 0.4% 0.5%
PCE Core Price Index Month on Month PCE Core Price Index Month on Month Chart 0.2% 0.1% 0.1%
Personal Spending Real Month on Month Personal Spending Real Month on Month Chart -0.1% 0.3%
Dallas Fed PCE Dallas Fed PCE Chart 2.7% 1.4%
Univ Michigan Expectation Univ Michigan Expectation Chart 67.6 69.6
Univ Michigan Sentiment Univ Michigan Sentiment Chart 65.6 65.8 68.2
Univ Michigan Conditions Univ Michigan Conditions Chart 62.5 65.9

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