Market Analysis

Economic Diary:
Week Commencing 28/10/24

Monday 28 October

Indicator Previous Expected Actual
Unemployment Rate Unemployment Rate Chart 2.5% 2.5% 2.4%

Tuesday 29 October

Indicator Previous Expected Actual
GFK Consumer Confidence GFK Consumer Confidence Chart -21.2 -20.5 -18.3
Money Supply M4   -0.1% 0.6%
Consumer Confidence Consumer Confidence Chart 98.7 99.5 108.7

Wednesday 30 October

Indicator Previous Expected Actual
CPI Year on Year CPI Year on Year Chart 3.8% 2.9% 2.8%
CPI Quarter on Quarter CPI Quarter on Quarter Chart 1.0% 0.3% 0.2%
Consumer Confidence Consumer Confidence Chart 36.9 36.2
GDP Prelim Quarter on Quarter GDP Prelim Quarter on Quarter Chart 0.2% 0.3% 0.4%
Unemployment Change (sa) Unemployment Change (sa) Chart 17k 15k 27k
Unemployment Rate (sa) Unemployment Rate (sa) Chart 6.0% 6.1% 6.1%
ZEW Investor Sentiment   -8.8 -7.7
GDP Prelim Year on Year GDP Prelim Year on Year Chart 0.9% 0.7% 0.4%
GDP Flash Estimate Year on Year GDP Flash Estimate Year on Year Chart 0.3% 0.1% 0.2%
GDP Flash Estimate Quarter on Quarter GDP Flash Estimate Quarter on Quarter Chart -0.1% -0.1% 0.2%
GDP Prelim Quarter on Quarter   0.2% 0.2% 0.0%
Business Climate Business Climate Chart -0.76 -0.96
Services Sentiment Services Sentiment Chart 6.7 6.6 7.1
PPI Month on Month PPI Month on Month Chart 0.7% -0.6%
Industrial Sentiment Industrial Sentiment Chart -10.9 -10.5 -13.0
Consumer Confidence Consumer Confidence Chart -12.5 -12.5 -12.5
PPI Year on Year PPI Year on Year Chart -0.8% -2.0%
Economic Sentiment Economic Sentiment Chart 96.2 96.3 95.6
ADP employment report ADP employment report Chart 143k 114k 233k
CPI Final Month on Month   0.0% 0.2% 0.4%
Pending Home Sales Month on Month Pending Home Sales Month on Month Chart 0.6% 1.0% 7.4%
EIA Weekly Crude Oil Stocks   5.474Mln 2.300Mln -0.515Mln
Industrial Production Prelim   -3.3% 1.0% 1.4%
Retail Sales Year on Year Retail Sales Year on Year Chart 2.8% 2.3% 0.5%

Thursday 31 October

Indicator Previous Expected Actual
Retail Sales Retail Sales Chart 0.7% 0.3% 0.1%
Retail Sales Retail Sales Chart 0.7% 0.3% +0.1%
PMI Manufacturing (China) PMI Manufacturing (China) Chart 49.8 49.9 50.1
Retail Sales Year on Year Retail Sales Year on Year Chart 2.1% 1.6% 3.8%
Retail Sales Month on Month Retail Sales Month on Month Chart 1.6% -0.5% 1.2%
PPI Month on Month PPI Month on Month Chart 0.2% -0.1%
Unemployment Rate   6.2% 6.2% 6.1%
Unemployment Rate Unemployment Rate Chart 6.4% 6.4% 6.3%
PCE Core Price Index Year on Year PCE Core Price Index Year on Year Chart 2.7% 2.6% 2.7%
Personal Spending Real Month on Month Personal Spending Real Month on Month Chart 0.1% 0.4%
PCE Price Index Year on Year PCE Price Index Year on Year Chart 2.2% 2.1% 2.1%
PCE Core Price Index Month on Month PCE Core Price Index Month on Month Chart 0.1% 0.3% 0.3%
PCE Price Index Month on Month PCE Price Index Month on Month Chart 0.1% 0.2% 0.2%
Weekly Jobless Claims Weekly Jobless Claims Chart 227k 230k 216k
GDP Month on Month GDP Month on Month Chart 0.2% 0.0% 0.0%
Personal Income Month on Month Personal Income Month on Month Chart 0.2% 0.3% 0.3%
Dallas Fed PCE Dallas Fed PCE Chart 1.5% 2.5%

Friday 01 November

Indicator Previous Expected Actual
PPI Quarter on Quarter PPI Quarter on Quarter Chart 1.0% 0.9%
PPI Year on Year PPI Year on Year Chart 4.8% 3.9%
PMI Manufacturing   49.0 49.2
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.7% 0.3% 0.1%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 3.2% 2.8% 2.4%
PMI Manufacturing   50.3 50.3 49.9
Unemployment Rate Unemployment Rate Chart 4.1% 4.1% 4.1%
Non-Farm Payrolls Non-Farm Payrolls Chart 254k 113k 12k
Unemployment Rate Unemployment Rate Chart 4.1% 4.1% 4.1%
Non-Farm Payrolls Non-Farm Payrolls Chart 255K 106K 12K
Average Earnings Average Earnings Chart 0.4% 0.3% 0.4%
PMI Manufacturing   50.4 51.1
ISM Manufacturing PMI ISM Manufacturing PMI Chart 47.2 47.6 46.5

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