Market Analysis

Economic Diary:
Week Commencing 28/02/22

Monday 28 February

Indicator Previous Expected Actual
Retail Sales Retail Sales Chart -4.4% 0.4% +1.8%
Industrial PPI Month on Month Industrial PPI Month on Month Chart 0.7% 3.0%
Industrial PPI Year on Year Industrial PPI Year on Year Chart 16.1% 16.9%

Tuesday 01 March

Indicator Previous Expected Actual
PMI Manufacturing   52.9 52.7
PMI Manufacturing (China) PMI Manufacturing (China) Chart 50.1 49.9 50.2
RBA Cash Rate RBA Cash Rate Chart 0.10% 0.10% 0.10%
PMI Manufacturing   58.3 58.0 58.3
PMI Manufacturing   57.6 57.6 57.2
PMI Manufacturing   58.5 58.5 58.4
PMI Manufacturing   58.4 58.4 58.2
PMI Manufacturing   57.3 57.3 58.0
Money Supply M4   0.1% +0.1%
CPI Final Month on Month   0.4% 0.9% 0.9%
GDP Month on Month GDP Month on Month Chart 0.6% 0.1% 0.0%
GDP Quarter on Quarter GDP Quarter on Quarter Chart 1.3% 1.6%
GDP Quarter on Quarter Annualised GDP Quarter on Quarter Annualised Chart 5.4% 6.5% 6.7%
PMI Manufacturing   56.2 56.6
ISM Manufacturing PMI ISM Manufacturing PMI Chart 57.6 58.0 58.6

Wednesday 02 March

Indicator Previous Expected Actual
GDP Final Quarter on Quarter GDP Final Quarter on Quarter Chart -1.9% 3.0% +3.4%
GDP Final Year on Year GDP Final Year on Year Chart 3.9% 3.7% +4.2%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.8% 0.6% 1.7%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 11.2% 10.7% 12.6%
Unemployment Rate (sa) Unemployment Rate (sa) Chart 5.1% 5.1% 5.0%
Unemployment Change (sa) Unemployment Change (sa) Chart -48k -25k -33k
ADP employment report ADP employment report Chart -301k 388k 475k
BoC Rate Decision   0.25% 0.50% 0.50%
EIA Weekly Crude Oil Stocks   4.515Mln 2.748Mln -2.597Mln

Thursday 03 March

Indicator Previous Expected Actual
Trade Balance Goods & Services Trade Balance Goods & Services Chart 8356Mln AU 9050Mln AU 12891Mln AU
Imports Imports Chart 5% -2%
Exports Exports Chart 1% +8%
Consumer Confidence Consumer Confidence Chart 36.7 35.3
PMI Services   48.5 52.5 52.8
PMI Services   57.9 57.9 55.5
PMI Services   56.6 56.6 55.8
PMI Services   55.8 55.8 55.5
PMI Composite   55.8 55.8 55.5
Unemployment Rate   9.0% 9.0% 8.8%
PMI Services   60.8 60.8 60.5
PPI Year on Year PPI Year on Year Chart 26.2% 27.0% 30.6%
PPI Month on Month PPI Month on Month Chart 2.9% 2.3% 5.2%
Unemployment Rate Unemployment Rate Chart 7.0% 6.9% 6.8%
Weekly Jobless Claims Weekly Jobless Claims Chart 232k 225k 215k
ISM Non Manufacturing Business Activity ISM Non Manufacturing Business Activity Chart 59.9 55.1
ISM Non Manufacturing New Orders ISM Non Manufacturing New Orders Chart 61.7 56.1
ISM Non Manufacturing Prices Paid ISM Non Manufacturing Prices Paid Chart 82.3 83.1
Factory Orders Factory Orders Chart -0.4% 0.7% 1.4%
ISM Non Manufacturing Employment ISM Non Manufacturing Employment Chart 52.3 48.5
ISM Non-Manufacturing PMI ISM Non-Manufacturing PMI Chart 59.9 61.0 56.5
Unemployment Rate Unemployment Rate Chart 2.7% 2.7% 2.8%

Friday 04 March

Indicator Previous Expected Actual
Trade Balance Trade Balance Chart 6.8Bln EU 6.1Bln EU 9.4Bln EU
Industrial Production Month on Month   -0.2% 0.5% +1.6%
GDP Final Quarter on Quarter GDP Final Quarter on Quarter Chart 0.6% 0.6% 0.6%
GDP Final Year on Year   6.4% 6.4% 6.2%
Retail Sales Year on Year Retail Sales Year on Year Chart 2.0% 9.1% +7.8%
Retail Sales Month on Month Retail Sales Month on Month Chart -3.0% 1.3% +0.2%
Non-Farm Payrolls Non-Farm Payrolls Chart 467k 400k 678k
Unemployment Rate Unemployment Rate Chart 4.0% 3.9% 3.8%
Average Earnings Average Earnings Chart 0.7% 0.5% 0.0%

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