Market Analysis

Economic Diary:
Week Commencing 31/10/22


Monday 31 October

Indicator Previous Expected Actual
Retail Sales Retail Sales Chart 0.6% 0.6% 0.6%
PMI Manufacturing (China) PMI Manufacturing (China) Chart 50.1 50.0 49.2
Consumer Confidence Consumer Confidence Chart 30.8 29.9
Retail Sales Month on Month Retail Sales Month on Month Chart -1.3% -0.3% 0.9%
Retail Sales Year on Year Retail Sales Year on Year Chart -4.3% -4.9% -0.9%
GDP Prelim Year on Year GDP Prelim Year on Year Chart 4.7% 2.0% 2.6%
GDP Prelim Quarter on Quarter   1.1% 0.0% 0.5%
Money Supply M4   -0.2% 2.1%

Tuesday 01 November

Indicator Previous Expected Actual
PMI Manufacturing   50.7 50.7
RBA Cash Rate RBA Cash Rate Chart 2.60% 2.85% 2.85%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.0% -0.9%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 9.5% 8.3% 7.2%
PMI Manufacturing   45.8 45.8 46.2
PMI Manufacturing   49.8 48.8
ISM Manufacturing PMI ISM Manufacturing PMI Chart 50.9 50.0 50.2

Wednesday 02 November

Indicator Previous Expected Actual
Trade Balance Trade Balance Chart 1.2Bln EU 0.7Bln EU 3.7Bln EU
PMI Manufacturing   48.3 46.9 46.5
PMI Manufacturing   47.4 47.4 47.2
Unemployment Rate (sa) Unemployment Rate (sa) Chart 5.5% 5.5% 5.5%
PMI Manufacturing   45.7 45.7 45.1
Unemployment Change (sa) Unemployment Change (sa) Chart 14k 15k 8k
PMI Manufacturing   46.6 46.6 46.4
ADP employment report ADP employment report Chart 208k 195k 239k
EIA Weekly Crude Oil Stocks   2.588Mln 0.367Mln -3.115Mln
FOMC Rate Decision   3.125% 3.875% 3.750 - 4.000%

Thursday 03 November

Indicator Previous Expected Actual
Trade Balance Goods & Services Trade Balance Goods & Services Chart 8324Mln AU 8850Mln AU 12444Mln AU
Imports Imports Chart 4% 0%
Exports Exports Chart 3% 7%
Unemployment Rate   7.8% 7.8%
Unemployment Rate   7.9% 7.8% 7.9%
PMI Services   47.5 47.5 48.8
Unemployment Rate Unemployment Rate Chart 6.6% 6.6% 6.6%
MPC Vote For Rate Unchanged   0 0 0
MPC Vote For Rate Cut   0 0 0
BoE Rate Decision BoE Rate Decision Chart 2.25% 3.00% 3.00%
MPC Vote For Rate Hike   9 9 9
Trade Balance Trade Balance Chart -67.4Bln US -72.2Bln US -73.3Bln US
Weekly Jobless Claims Weekly Jobless Claims Chart 217k 220k 217k
Trade Balance Trade Balance Chart 1.52Bln CA 1.34Bln CA 1.14Bln CA
ISM Non Manufacturing Prices Paid ISM Non Manufacturing Prices Paid Chart 68.7 70.7
ISM Non Manufacturing New Orders ISM Non Manufacturing New Orders Chart 60.6 56.5
ISM Non-Manufacturing PMI ISM Non-Manufacturing PMI Chart 56.7 55.5 54.4
ISM Non Manufacturing Business Activity ISM Non Manufacturing Business Activity Chart 59.1 55.7
Factory Orders Factory Orders Chart 0.0% 0.3% 0.3%
ISM Non Manufacturing Employment ISM Non Manufacturing Employment Chart 53.0 49.1

Friday 04 November

Indicator Previous Expected Actual
Industrial Production Month on Month   2.4% -1.0% -0.8%
PMI Services   48.8 48.5 46.4
PMI Services   51.3 51.3 51.7
PMI Services   44.9 44.9 46.5
PMI Composite   47.1 47.1 47.3
PMI Services   48.2 48.2 48.6
PPI Year on Year PPI Year on Year Chart 43.3% 42.0% 41.9%
PPI Month on Month PPI Month on Month Chart 5.0% 1.7% 1.6%
Unemployment Rate Unemployment Rate Chart 5.2% 5.3% 5.2%
Non-Farm Payrolls Non-Farm Payrolls Chart 263k 200k 261k
Average Earnings Average Earnings Chart 0.3% 0.3% 0.4%
Unemployment Rate Unemployment Rate Chart 3.5% 3.6% 3.7%

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