Market Analysis

Economic Diary:
Week Commencing 30/11/20

Monday 30 November

Indicator Previous Expected Actual
PMI Manufacturing (China) PMI Manufacturing (China) Chart 51.4 51.5 52.1
CPI Final Month on Month   0.1% -0.7% -0.8%
Industrial PPI Year on Year Industrial PPI Year on Year Chart -2.2% 0.7%
Industrial PPI Month on Month Industrial PPI Month on Month Chart -0.1% -0.4%
Pending Home Sales Month on Month Pending Home Sales Month on Month Chart -2.2% 1.0% -1.1%
Unemployment Rate Unemployment Rate Chart 3.0% 3.1% 3.1%

Tuesday 01 December

Indicator Previous Expected Actual
PMI Manufacturing   48.3 49.0
RBA Cash Rate RBA Cash Rate Chart 0.10% 0.10% 0.1%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 5.8% 5.5% 6.5%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.8% 0.3% 0.9%
PMI Manufacturing   53.8 52.0 51.5
PMI Manufacturing   49.1 49.1 49.6
Unemployment Change (sa) Unemployment Change (sa) Chart -35k 8k -39k
Unemployment Rate (sa) Unemployment Rate (sa) Chart 6.2% 6.3% 6.1%
PMI Manufacturing   57.9 57.9 57.8
GDP Final Year on Year   -4.7% -4.7% -5.0%
GDP Final Quarter on Quarter GDP Final Quarter on Quarter Chart 16.1% 16.1% 15.9%
PMI Manufacturing   53.6 53.6 53.8
PMI Manufacturing   55.2 55.2 55.6
GDP Quarter on Quarter GDP Quarter on Quarter Chart -11.5% 8.9%
GDP Month on Month GDP Month on Month Chart 1.2% 0.9% 0.8%
GDP Quarter on Quarter Annualised GDP Quarter on Quarter Annualised Chart -38.7% 47.6% 40.5%
PMI Manufacturing   55.5 55.8
ISM Manufacturing PMI ISM Manufacturing PMI Chart 59.3 58.0 57.5

Wednesday 02 December

Indicator Previous Expected Actual
GDP Final Year on Year GDP Final Year on Year Chart -6.3% -4.4% -3.8%
GDP Final Quarter on Quarter GDP Final Quarter on Quarter Chart -7.0% 2.6% +3.3%
Consumer Confidence Consumer Confidence Chart 33.6 33.7
Retail Sales Year on Year Retail Sales Year on Year Chart 6.5% 5.9% +8.2%
Retail Sales Month on Month Retail Sales Month on Month Chart -2.2% 1.2% +2.6%
Unemployment Rate   9.6% 9.9% 9.8%
PPI Month on Month PPI Month on Month Chart 0.3% 0.2% +0.4%
Unemployment Rate Unemployment Rate Chart 8.3% 8.4% +8.4%
PPI Year on Year PPI Year on Year Chart -2.4% -2.4% -2.0%
ADP employment report ADP employment report Chart 365k 410k 307k
EIA Weekly Crude Oil Stocks   -0.754Mln -2.358Mln -0.679Mln

Thursday 03 December

Indicator Previous Expected Actual
Imports Imports Chart -6% +1%
Exports Exports Chart 4% +5%
Trade Balance Goods & Services Trade Balance Goods & Services Chart 5630Mln AU 5800Mln AU 7456Mln AU
PMI Services   46.7 41.3 39.4
PMI Services   38.0 38.0 38.8
PMI Services   46.2 46.2 46.0
PMI Services   41.3 41.3 41.7
PMI Composite   45.1 45.1 45.3
PMI Services   45.8 45.8 47.6
Retail Sales Month on Month Retail Sales Month on Month Chart -2.0% 0.8% 1.5%
Retail Sales Year on Year Retail Sales Year on Year Chart 2.2% 2.7% 4.3%
Weekly Jobless Claims Weekly Jobless Claims Chart 778k 725k 712k
ISM Non Manufacturing Employment ISM Non Manufacturing Employment Chart 50.1 51.5
ISM Non-Manufacturing PMI ISM Non-Manufacturing PMI Chart 56.6 56.0 55.9
ISM Non Manufacturing Business Activity ISM Non Manufacturing Business Activity Chart 61.2 60.9 58.0
ISM Non Manufacturing Prices Paid ISM Non Manufacturing Prices Paid Chart 63.9 66.1
ISM Non Manufacturing New Orders ISM Non Manufacturing New Orders Chart 58.8 57.2

Friday 04 December

Indicator Previous Expected Actual
Retail Sales Retail Sales Chart -1.1% 1.6% +1.4%
Retail Sales Month on Month (sa) Retail Sales Month on Month (sa) Chart -0.80% +0.6%
Retail Sales Year on Year (nsa) Retail Sales Year on Year (nsa) Chart 1.30% +2.9%
Trade Balance Trade Balance Chart -3.25Bln CA -3.00Bln CA -3.76Bln CA
Unemployment Rate Unemployment Rate Chart 6.9% 6.8% 6.7%
Non-Farm Payrolls Non-Farm Payrolls Chart 638k 469k 245k
Trade Balance Trade Balance Chart -63.9Bln US -64.8Bln US -63.1Bln US
Unemployment Rate Unemployment Rate Chart 8.9% 8.9% 8.5%
Average Earnings Average Earnings Chart 0.1% 0.1% 0.3%
Factory Orders Factory Orders Chart 1.1% 0.8% 1.0%

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