Market Analysis

Economic Diary:
Week Commencing 26/02/24

Monday 26 February

Indicator Previous Expected Actual
New Home Sales-Units Month on Month New Home Sales-Units Month on Month Chart 0.664Mln 0.680Mln 0.661Mln
CPI Core Nationwide Year on Year CPI Core Nationwide Year on Year Chart 2.3% 1.8% 2.0%
CPI Overall Nationwide CPI Overall Nationwide Chart 2.6% 2.2%

Tuesday 27 February

Indicator Previous Expected Actual
GFK Consumer Confidence GFK Consumer Confidence Chart -29.7 -29.0 -29.0
Consumer Confidence Consumer Confidence Chart 91 92 89
Durable Goods   0.0% -4.5% -6.1%
Consumer Confidence Consumer Confidence Chart 114.8 115.0 106.7

Wednesday 28 February

Indicator Previous Expected Actual
RBNZ Rate Decision RBNZ Rate Decision Chart 5.50% 5.50% 5.5%
ZEW Investor Sentiment   -19.5 +10.2
Consumer Confidence   96.4 96.9 97.0
Consumer Confidence   96.4 96.9 97.0
Services Sentiment Services Sentiment Chart 8.8 9.0 6.0
Industrial Sentiment Industrial Sentiment Chart -9.4 -9.2 -9.5
Economic Sentiment Economic Sentiment Chart 96.2 96.7 95.4
Consumer Confidence Consumer Confidence Chart -15.5 -15.5 -15.5
Business Climate Business Climate Chart -0.40 -0.42
EIA Weekly Crude Oil Stocks   3.514Mln 2.743Mln 4.199Mln
Retail Sales Year on Year Retail Sales Year on Year Chart 2.1% 2.3% +2.3%
Industrial Production Prelim   1.4% -7.3% -7.5%

Thursday 29 February

Indicator Previous Expected Actual
Retail Sales Retail Sales Chart -2.7% 1.5% +1.1%
Retail Sales Month on Month Retail Sales Month on Month Chart -1.6% 0.5% -0.4%
Retail Sales Year on Year Retail Sales Year on Year Chart -1.7% -1.5% -1.4%
PPI Month on Month PPI Month on Month Chart -0.1% -1.3%
GDP Detailed Quarter on Quarter   0.0% 0.0% 0.1%
Unemployment Change (sa) Unemployment Change (sa) Chart -2k 7k 11k
Unemployment Rate (sa) Unemployment Rate (sa) Chart 5.8% 5.8% 5.9%
Money Supply M4   0.5% -0.1%
CPI Final Month on Month   0.2% 0.5% 0.4%
PCE Core Price Index Year on Year PCE Core Price Index Year on Year Chart 2.9% 2.8% +2.8%
GDP Quarter on Quarter Annualised GDP Quarter on Quarter Annualised Chart -1.1% 0.8% 1.0%
GDP Quarter on Quarter GDP Quarter on Quarter Chart -0.3% 0.2%
PCE Price Index Month on Month PCE Price Index Month on Month Chart 0.2% 0.3% +0.3%
GDP Month on Month GDP Month on Month Chart 0.2% 0.2% 0.0%
PCE Price Index Year on Year PCE Price Index Year on Year Chart 2.6% 2.4% +2.4%
Personal Spending Real Month on Month Personal Spending Real Month on Month Chart 0.5% -0.1%
PCE Core Price Index Month on Month PCE Core Price Index Month on Month Chart 0.2% 0.4% +0.4%
Personal Income Month on Month Personal Income Month on Month Chart 0.3% 0.4% 1.0%
Weekly Jobless Claims Weekly Jobless Claims Chart 201k 210k 215k
Dallas Fed PCE Dallas Fed PCE Chart 2.6% 5.0%
Pending Home Sales Month on Month Pending Home Sales Month on Month Chart 8.3% 1.0% -4.9%
Unemployment Rate Unemployment Rate Chart 2.4% 2.4% 2.4%

Friday 01 March

Indicator Previous Expected Actual
PMI Manufacturing   47.2 47.2
PMI Manufacturing (China) PMI Manufacturing (China) Chart 49.2 49.1 49.1
Consumer Confidence Consumer Confidence Chart 38.0 39.1
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart -0.2% 0.7% 1.2%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.7% 0.3% 0.7%
PMI Manufacturing   48.5 49.1 48.7
PMI Manufacturing   46.8 46.8 47.1
PMI Manufacturing   42.3 42.3 42.5
PMI Manufacturing   46.1 46.1 46.5
Unemployment Rate   7.2% 7.2% 7.2%
PMI Manufacturing   47.1 47.1 47.5
Unemployment Rate Unemployment Rate Chart 6.4% 6.4% 6.4%
PMI Manufacturing   48.3 49.7
Univ Michigan Conditions Univ Michigan Conditions Chart 81.5 79.4
Univ Michigan Expectation Univ Michigan Expectation Chart 78.4 75.2
ISM Manufacturing PMI ISM Manufacturing PMI Chart 49.1 49.5 47.8
Univ Michigan Sentiment Univ Michigan Sentiment Chart 79.6 79.6 76.9

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