Market Analysis

Economic Diary:
Week Commencing 29/05/23


Tuesday 30 May

Indicator Previous Expected Actual
Unemployment Rate Unemployment Rate Chart 2.8% 2.7% 2.6%
PPI Year on Year PPI Year on Year Chart 3.8% -1.5%
PPI Month on Month PPI Month on Month Chart -1.5% -4.8%
Industrial Sentiment Industrial Sentiment Chart -2.6 -4.0 -5.2
Economic Sentiment Economic Sentiment Chart 99.3 98.9 96.5
Consumer Confidence Consumer Confidence Chart -17.4 -17.4 -17.4
Services Sentiment Services Sentiment Chart 10.5 10.2 7.0
Business Climate Business Climate Chart 0.54 0.19
Consumer Confidence Consumer Confidence Chart 101.3 99.0 102.3

Wednesday 31 May

Indicator Previous Expected Actual
Industrial Production Prelim   1.1% 1.5% -0.4%
Retail Sales Year on Year Retail Sales Year on Year Chart 7.2% 7.0% 5.0%
PMI Manufacturing (China) PMI Manufacturing (China) Chart 49.2 49.4 48.8
Consumer Confidence Consumer Confidence Chart 35.4 36.0
GDP Detailed Quarter on Quarter   0.2% 0.2% 0.2%
PPI Month on Month PPI Month on Month Chart 2.0% -5.1%
Unemployment Rate (sa) Unemployment Rate (sa) Chart 5.6% 5.6% 5.6%
Unemployment Change (sa) Unemployment Change (sa) Chart 24k 15k 9k
ZEW Investor Sentiment   -33.3 -32.2
GDP Final Quarter on Quarter GDP Final Quarter on Quarter Chart 0.5% 0.5% 0.6%
GDP Final Year on Year   1.8% 1.8% 1.9%
CPI Final Month on Month   0.4% 0.2% -0.1%
GDP Month on Month GDP Month on Month Chart 0.1% -0.1% 0.0%
GDP Quarter on Quarter GDP Quarter on Quarter Chart 0.0% 0.8%
GDP Quarter on Quarter Annualised GDP Quarter on Quarter Annualised Chart 0.0% 2.5% 3.1%

Thursday 01 June

Indicator Previous Expected Actual
PMI Manufacturing   50.8 50.6
Retail Sales Year on Year Retail Sales Year on Year Chart -8.6% -5.0% -4.3%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart -2.7% -3.7% -3.4%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.5% 0.1% -0.1%
Retail Sales Month on Month Retail Sales Month on Month Chart -2.4% 1.0% 0.8%
PMI Manufacturing   46.8 45.6 45.9
PMI Manufacturing   46.1 46.1 45.7
PMI Manufacturing   42.9 42.9 43.2
Unemployment Rate   7.8% 7.8% 7.8%
PMI Manufacturing   44.6 44.6 44.8
Money Supply M4   -0.6% 0.0%
PMI Manufacturing   46.9 46.9 47.1
Unemployment Rate Unemployment Rate Chart 6.5% 6.5% 6.5%
ADP employment report ADP employment report Chart 296k 170k 278k
Weekly Jobless Claims Weekly Jobless Claims Chart 229k 235k 232k
PMI Manufacturing   50.2 49.0
ISM Manufacturing PMI ISM Manufacturing PMI Chart 47.1 47.0 46.9
EIA Weekly Crude Oil Stocks   -12.456Mln -1.386Mln 4.488Mln

Friday 02 June

Indicator Previous Expected Actual
Industrial Production Month on Month   -1.1% 0.3% 0.8%
Unemployment Rate Unemployment Rate Chart 3.4% 3.5% 3.7%
Non-Farm Payrolls Non-Farm Payrolls Chart 253k 190k 339k
Average Earnings Average Earnings Chart 0.5% 0.3% 0.3%

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