Market Analysis

Economic Diary:
Week Commencing 26/09/22


Monday 26 September

Indicator Previous Expected Actual
IFO Business Climate Expectations IFO Business Climate Expectations Chart 80.3 79.0 75.2

Tuesday 27 September

Indicator Previous Expected Actual
Durable Goods   -0.1% -0.4% -0.2%
Consumer Confidence Consumer Confidence Chart 103.2 104.5 108.0
New Home Sales-Units Month on Month New Home Sales-Units Month on Month Chart 0.511Mln 0.500Mln 0.685Mln

Wednesday 28 September

Indicator Previous Expected Actual
Retail Sales Retail Sales Chart 1.3% 0.4% +0.6%
GFK Consumer Confidence GFK Consumer Confidence Chart -36.5 -39.0 -42.5
Consumer Confidence Consumer Confidence Chart 82 80 79
ZEW Investor Sentiment   -56.3 -69.2
Consumer Confidence   98.3 95.1 94.8
Pending Home Sales Month on Month Pending Home Sales Month on Month Chart -1.0% -1.4% -2.0%
EIA Weekly Crude Oil Stocks   1.142Mln 0.443Mln -0.215Mln

Thursday 29 September

Indicator Previous Expected Actual
Consumer Confidence Consumer Confidence Chart -28.8 -28.8 -28.8
Business Climate Business Climate Chart 0.83 0.81
Industrial Sentiment Industrial Sentiment Chart 1.2 -1.0 -0.4
Services Sentiment Services Sentiment Chart 8.7 7.0 +4.9
Economic Sentiment Economic Sentiment Chart 97.6 95.0 +93.7
CPI Final Month on Month   0.3% 1.3% 1.9%
GDP Month on Month GDP Month on Month Chart 0.1% -0.1% 0.1%
GDP Final GDP Final Chart -0.6% -0.6% -0.6%
Corporate Profits Corporate Profits Chart 9.1% 6.2%
GDP Deflator GDP Deflator Chart 9.0% 8.9% 9.1%
Weekly Jobless Claims Weekly Jobless Claims Chart 213k 215k 193k

Friday 30 September

Indicator Previous Expected Actual
Unemployment Rate Unemployment Rate Chart 2.6% 2.5% 2.5%
Retail Sales Year on Year Retail Sales Year on Year Chart 2.4% 2.8% +4.1%
Industrial Production Prelim   0.8% 0.2% 2.7%
PMI Manufacturing (China) PMI Manufacturing (China) Chart 49.4 49.6 50.1
Consumer Confidence Consumer Confidence Chart 32.5 30.8
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.8% 0.3% 0.0%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 10.0% 10.0% +9.5%
GDP Final Year on Year   2.9% 2.9% +4.4%
Current Account Current Account Chart -51.700Bln GB -43.800Bln GB -33.8Bln GB
GDP Final Quarter on Quarter GDP Final Quarter on Quarter Chart -0.1% -0.1% 0.2%
PPI Month on Month PPI Month on Month Chart 1.6% +2.7%
Unemployment Rate (sa) Unemployment Rate (sa) Chart 5.5% 5.5% 5.5%
Unemployment Change (sa) Unemployment Change (sa) Chart 28k 20k 14k
Unemployment Rate   7.9% 7.9% 7.8%
Money Supply M4   0.5% -0.2%
Unemployment Rate Unemployment Rate Chart 6.6% 6.6% 6.6%
PCE Core Price Index Month on Month PCE Core Price Index Month on Month Chart 0.1% 0.5% 0.6%
PCE Core Price Index Year on Year PCE Core Price Index Year on Year Chart 4.6% 4.7% 4.9%
PCE Price Index Year on Year PCE Price Index Year on Year Chart 6.3% 6.2%
Personal Spending Real Month on Month Personal Spending Real Month on Month Chart 0.2% 0.1%
Personal Income Month on Month Personal Income Month on Month Chart 0.2% 0.3% 0.3%
PCE Price Index Month on Month PCE Price Index Month on Month Chart -0.1% 0.3%
Univ Michigan Conditions Univ Michigan Conditions Chart 58.9 59.7
Univ Michigan Sentiment Univ Michigan Sentiment Chart 59.5 59.5 58.6
Univ Michigan Expectation Univ Michigan Expectation Chart 59.9 58.0

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