Market Analysis

Economic Diary:
Week Commencing 29/07/24


Monday 29 July

Indicator Previous Expected Actual
Money Supply M4   -0.1% 0.5%

Tuesday 30 July

Indicator Previous Expected Actual
Unemployment Rate Unemployment Rate Chart 2.6% 2.6% 2.5%
GDP Prelim Quarter on Quarter GDP Prelim Quarter on Quarter Chart 0.2% 0.2% 0.3%
GDP Prelim Quarter on Quarter   0.3% 0.2% 0.2%
GDP Flash Estimate Quarter on Quarter GDP Flash Estimate Quarter on Quarter Chart 0.2% 0.1% -0.1%
GDP Prelim Year on Year GDP Prelim Year on Year Chart 0.7% 0.9% 0.9%
GDP Flash Estimate Year on Year GDP Flash Estimate Year on Year Chart -0.9% 0.3% 0.3%
Industrial Sentiment Industrial Sentiment Chart -10.1 -10.7 -10.5
Services Sentiment Services Sentiment Chart 6.5 5.5 4.8
Business Climate Business Climate Chart -0.46 -0.61
Consumer Confidence Consumer Confidence Chart -13.0 -13.0 -13.0
Economic Sentiment Economic Sentiment Chart 95.9 95.4 95.8
CPI Final Month on Month   0.1% 0.2% 0.3%
Consumer Confidence Consumer Confidence Chart 100.4 99.7 100.3

Wednesday 31 July

Indicator Previous Expected Actual
Retail Sales Year on Year Retail Sales Year on Year Chart 3.0% 3.2% 3.7%
Industrial Production Prelim   3.6% -4.8% -3.6%
CPI Quarter on Quarter CPI Quarter on Quarter Chart 1.0% 1.0% 1.0%
Retail Sales Retail Sales Chart 0.6% 0.2% 0.5%
CPI Year on Year CPI Year on Year Chart 3.6% 3.8% 3.8%
PMI Manufacturing (China) PMI Manufacturing (China) Chart 49.5 49.3 49.4
Consumer Confidence Consumer Confidence Chart 36.4 36.7
PPI Month on Month PPI Month on Month Chart -1.4% -0.3%
Unemployment Change (sa) Unemployment Change (sa) Chart 19k 15k 18k
Unemployment Rate (sa) Unemployment Rate (sa) Chart 6.0% 6.0% 6.0%
ZEW Investor Sentiment   17.5 9.4
PPI Year on Year PPI Year on Year Chart -3.5% -2.5%
PPI Month on Month PPI Month on Month Chart 0.3% 0.7%
ADP employment report ADP employment report Chart 150k 150k 122k
GDP Month on Month GDP Month on Month Chart 0.3% 0.1% 0.2%
Pending Home Sales Month on Month Pending Home Sales Month on Month Chart -2.1% 1.5% 4.8%
EIA Weekly Crude Oil Stocks   -3.741Mln -1.088Mln -3.436Mln
FOMC Rate Decision   5.375% 5.375% 5.250 - 5.500%

Thursday 01 August

Indicator Previous Expected Actual
PMI Manufacturing   49.2 49.1
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.2% 0.1% 0.3%
Manufacturing Output Month on Month Manufacturing Output Month on Month Chart 0.4%
Manufacturing Output Year on Year Manufacturing Output Year on Year Chart 0.6%
Retail Sales Month on Month Retail Sales Month on Month Chart -1.2% 0.1%
Industrial Production Year on Year Industrial Production Year on Year Chart 0.4%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 1.5% 1.8% 2.1%
Industrial Production Month on Month Industrial Production Month on Month Chart 0.2%
Retail Sales Year on Year Retail Sales Year on Year Chart -0.6%
PMI Manufacturing   45.7 46.1 47.4
PMI Manufacturing   44.1 44.1 44.0
PMI Manufacturing   42.6 42.6 43.2
PMI Manufacturing   45.6 45.6 45.8
Unemployment Rate   6.8% 6.8% 7.0%
PMI Manufacturing   51.8 51.8 52.1
Unemployment Rate Unemployment Rate Chart 6.4% 6.4% 6.5%
BoE Rate Decision BoE Rate Decision Chart 5.25% 5.00% 5.00%
MPC Vote For Rate Hike   0 0 0
MPC Vote For Rate Cut   2 5 5
MPC Vote For Rate Unchanged   7 4 4
Weekly Jobless Claims Weekly Jobless Claims Chart 235k 236k 249k
PMI Manufacturing   49.3 47.8
ISM Manufacturing PMI ISM Manufacturing PMI Chart 48.5 48.8 46.8

Friday 02 August

Indicator Previous Expected Actual
PPI Quarter on Quarter PPI Quarter on Quarter Chart 0.9% 1.0%
PPI Year on Year PPI Year on Year Chart 4.3% 4.8%
Industrial Production Year on Year Industrial Production Year on Year Chart 0.4%
Manufacturing Output Year on Year Manufacturing Output Year on Year Chart 0.6%
Manufacturing Output Month on Month Manufacturing Output Month on Month Chart 0.4%
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%
Industrial Production Month on Month Industrial Production Month on Month Chart 0.2%
Industrial Production Month on Month   -2.1% 1.0% 0.8%
Industrial Production Year on Year (wda) Industrial Production Year on Year (wda) Chart -3.3% -2.6%
Industrial Production Month on Month (sa) Industrial Production Month on Month (sa) Chart 0.5% 0.0% 0.5%
Retail Sales Year on Year (nsa) Retail Sales Year on Year (nsa) Chart 0.40% -1.00%
Retail Sales Month on Month (sa) Retail Sales Month on Month (sa) Chart 0.40% -0.20%
Non-Farm Payrolls Non-Farm Payrolls Chart 206k 175k 114k
Unemployment Rate Unemployment Rate Chart 4.1% 4.1% 4.3%
Unemployment Rate Unemployment Rate Chart 4.1% 4.1% 4.3%
Non-Farm Payrolls Non-Farm Payrolls Chart 118K 176K 114K
Average Earnings Average Earnings Chart 0.3% 0.3% 0.2%
Factory Orders Factory Orders Chart -0.5% -2.9% -3.3%

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