Market Analysis

Economic Diary:
Week Commencing 26/08/24


Monday 26 August

Indicator Previous Expected Actual
IFO Business Climate Expectations IFO Business Climate Expectations Chart 86.9 86.5 86.8
Durable Goods   -6.7% 5.7% 9.9%

Tuesday 27 August

Indicator Previous Expected Actual
GFK Consumer Confidence GFK Consumer Confidence Chart -18.4 -18.2 -22.0
GDP Year on Year GDP Year on Year Chart 0.3% 0.3% 0.3%
GDP Quarter on Quarter GDP Quarter on Quarter Chart -0.1% -0.1% -0.1%
Consumer Confidence Consumer Confidence Chart 100.3 100.7 103.3

Wednesday 28 August

Indicator Previous Expected Actual
Consumer Confidence Consumer Confidence Chart 91 92 92
ZEW Investor Sentiment   9.4 -3.4
EIA Weekly Crude Oil Stocks   -4.649Mln -2.265Mln -0.846Mln

Thursday 29 August

Indicator Previous Expected Actual
Consumer Confidence Consumer Confidence Chart 36.7 36.7
Services Sentiment Services Sentiment Chart 4.8 5.2 6.3
Industrial Sentiment Industrial Sentiment Chart -10.5 -10.6 -9.7
Economic Sentiment Economic Sentiment Chart 95.8 95.8 96.6
Business Climate Business Climate Chart -0.61 -0.62
Consumer Confidence Consumer Confidence Chart -13.4 -13.4 -13.5
CPI Final Month on Month   0.3% 0.1% -0.1%
Weekly Jobless Claims Weekly Jobless Claims Chart 232k 232k 231k
Pending Home Sales Month on Month Pending Home Sales Month on Month Chart 4.8% 0.4% -5.5%

Friday 30 August

Indicator Previous Expected Actual
Unemployment Rate Unemployment Rate Chart 2.5% 2.5% 2.7%
Industrial Production Prelim   -4.2% 3.3% 2.8%
Retail Sales Year on Year Retail Sales Year on Year Chart 3.7% 2.9% +2.6%
Retail Sales Retail Sales Chart 0.5% 0.3% 0.0%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.3% 0.2% -0.2%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 2.1% 2.9% 2.4%
Retail Sales Month on Month Retail Sales Month on Month Chart -1.2% 0.1%
Retail Sales Year on Year Retail Sales Year on Year Chart -0.6%
GDP Detailed Quarter on Quarter   0.3% 0.3% 0.2%
PPI Month on Month PPI Month on Month Chart -0.3% +0.2%
Unemployment Change (sa) Unemployment Change (sa) Chart 18k 16k 2k
Unemployment Rate (sa) Unemployment Rate (sa) Chart 6.0% 6.0% 6.0%
Unemployment Rate   7.0% 7.0% 6.5%
Money Supply M4   0.5% 0.3%
Unemployment Rate Unemployment Rate Chart 6.5% 6.5% 6.4%
Consumer Confidence   98.9 99.2 96.1
Personal Spending Real Month on Month Personal Spending Real Month on Month Chart 0.2% 0.4%
Personal Income Month on Month Personal Income Month on Month Chart 0.2% 0.2% 0.3%
GDP Quarter on Quarter Annualised GDP Quarter on Quarter Annualised Chart 1.7% 1.6% +2.1%
PCE Core Price Index Month on Month PCE Core Price Index Month on Month Chart 0.2% 0.2% 0.2%
PCE Price Index Year on Year PCE Price Index Year on Year Chart 2.5% 2.6% 2.5%
GDP Quarter on Quarter GDP Quarter on Quarter Chart 0.4% +0.5%
GDP Month on Month GDP Month on Month Chart 0.2% 0.1% 0.0%
PCE Core Price Index Year on Year PCE Core Price Index Year on Year Chart 2.6% 2.7% 2.6%
PCE Price Index Month on Month PCE Price Index Month on Month Chart 0.1% 0.2% 0.2%
Dallas Fed PCE Dallas Fed PCE Chart 1.7% 1.7%
Univ Michigan Expectation Univ Michigan Expectation Chart 72.1 72.1
Univ Michigan Sentiment Univ Michigan Sentiment Chart 67.8 68.0 67.9
Univ Michigan Conditions Univ Michigan Conditions Chart 60.9 61.3

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