Market Analysis

Economic Diary:
Week Commencing 31/01/22


Monday 31 January

Indicator Previous Expected Actual
Consumer Confidence Consumer Confidence Chart 39.1 36.7
GDP Prelim Year on Year GDP Prelim Year on Year Chart 3.9% 6.2%
GDP Prelim Year on Year GDP Prelim Year on Year Chart 3.9% 6.2% 6.4%
GDP Prelim Quarter on Quarter   2.6% 0.5% 0.6%
CPI Final Month on Month   0.5% -0.3% +0.4%
Industrial PPI Month on Month Industrial PPI Month on Month Chart 0.8% 0.7%
Industrial PPI Year on Year Industrial PPI Year on Year Chart 18.1% 16.1%
Unemployment Rate Unemployment Rate Chart 2.8% 2.8% 2.7%

Tuesday 01 February

Indicator Previous Expected Actual
Retail Sales Retail Sales Chart 7.3% -4.4%
PMI Manufacturing   54.6 55.4
RBA Cash Rate RBA Cash Rate Chart 0.10% 0.10% 0.10%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 10.4% 10.8% 11.2%
Retail Sales Year on Year Retail Sales Year on Year Chart -2.9% 1.1% 0.0%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 1.0% 0.6% 0.8%
Retail Sales Month on Month Retail Sales Month on Month Chart 0.6% -1.4% -5.5%
PMI Manufacturing   62.0 61.0 58.3
PMI Manufacturing   55.5 55.5 55.5
PMI Manufacturing   60.5 60.5 59.8
Unemployment Change (sa) Unemployment Change (sa) Chart -23k -6k -48k
Unemployment Rate (sa) Unemployment Rate (sa) Chart 5.2% 5.2% 5.1%
Unemployment Rate   9.2% 9.2% 9.0%
PMI Manufacturing   59.0 59.0 58.7
Money Supply M4   0.7% +0.1%
PMI Manufacturing   56.9 56.9 57.3
Unemployment Rate Unemployment Rate Chart 7.2% 7.1% 7.0%
GDP Month on Month GDP Month on Month Chart 0.8% 0.3% 0.6%
PMI Manufacturing   56.5 56.2
ISM Manufacturing PMI ISM Manufacturing PMI Chart 58.7 57.5 57.6

Wednesday 02 February

Indicator Previous Expected Actual
ADP employment report ADP employment report Chart 807k 207k -301k
EIA Weekly Crude Oil Stocks   2.377Mln 1.525Mln -1.046Mln

Thursday 03 February

Indicator Previous Expected Actual
Trade Balance Goods & Services Trade Balance Goods & Services Chart 9423Mln AU 8356Mln AU
Exports Exports Chart 2% +1%
Imports Imports Chart 6% +5%
PMI Services   53.0 50.0 48.5
PMI Services   53.1 53.1 53.1
PMI Services   52.2 52.2 52.2
PMI Services   51.2 51.2 51.1
PMI Composite   52.4 52.4 52.3
PMI Services   53.3 53.3 54.1
PPI Year on Year PPI Year on Year Chart 23.7% 26.1% +26.2%
PPI Month on Month PPI Month on Month Chart 1.8% 2.8% +2.9%
BoE QE Total   875Bln GB 875Bln GB
MPC Vote For Rate Unchanged   1 0 0
BoE Rate Decision BoE Rate Decision Chart 0.25% 0.50% 0.5%
MPC Vote For Rate Hike   8 9 9
MPC Vote For Rate Cut   0 0 0
ECB Rate Decision ECB Rate Decision Chart 0.00% 0.00% 0.00%
Weekly Jobless Claims Weekly Jobless Claims Chart 260k 245k 238k
ISM Non Manufacturing Employment ISM Non Manufacturing Employment Chart 54.9 52.3
ISM Non Manufacturing Prices Paid ISM Non Manufacturing Prices Paid Chart 82.5 82.3
Factory Orders Factory Orders Chart 1.6% -0.2% -0.4%
ISM Non Manufacturing New Orders ISM Non Manufacturing New Orders Chart 61.5 61.7
ISM Non Manufacturing Business Activity ISM Non Manufacturing Business Activity Chart 67.6 59.9
ISM Non-Manufacturing PMI ISM Non-Manufacturing PMI Chart 62.0 59.5 59.9

Friday 04 February

Indicator Previous Expected Actual
Industrial Production Month on Month   -0.4% 0.5% -0.2%
Retail Sales Year on Year Retail Sales Year on Year Chart 7.8% 5.1% +2.0%
Retail Sales Month on Month Retail Sales Month on Month Chart 1.0% -0.5% -3.0%
Average Earnings Average Earnings Chart 0.6% 0.5% 0.7%
Unemployment Rate Unemployment Rate Chart 5.9% 6.2% 6.5%
Unemployment Rate Unemployment Rate Chart 3.9% 3.9% 4.0%
Non-Farm Payrolls Non-Farm Payrolls Chart 199k 150k 467k

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