Market Analysis

Economic Diary:
Week Commencing 11/11/24


Monday 11 November

Indicator Previous Expected Actual
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 2.4%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.1%
Consumer Sentiment Consumer Sentiment Chart 6.2% +5.3%

Tuesday 12 November

Indicator Previous Expected Actual
Average Weekly Earnings 3 Month Year on Year Average Weekly Earnings 3 Month Year on Year Chart 3.8% 3.9% 4.3%
Unemployment Rate (ILO) Unemployment Rate (ILO) Chart 4.0% 4.1% 4.3%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.1%
Claimant Count Unemployment Change Claimant Count Unemployment Change Chart 27.9k +26.7k
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 2.4%
CPI Final Year on Year CPI Final Year on Year Chart 2.0% 2.0% 2.0%
ZEW Current Conditions ZEW Current Conditions Chart -86.9 -85.9 -91.4
ZEW Economic sentiment ZEW Economic sentiment Chart 13.1 13.0 7.4

Wednesday 13 November

Indicator Previous Expected Actual
ILO Unemployment Rate ILO Unemployment Rate Chart 7.3% 7.4% 7.4%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 2.4%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.1%
CPI Year on Year (nsa) CPI Year on Year (nsa) Chart 2.4% 2.6% 2.6%
CPI Month on Month (sa) CPI Month on Month (sa) Chart 0.2% 0.2% 0.2%

Thursday 14 November

Indicator Previous Expected Actual
Unemployment Rate Unemployment Rate Chart 4.1% 4.1% +4.1%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.1%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 2.4%
GDP Flash estimate Year on Year   0.9% 0.9% 0.9%
GDP Flash Estimate Quarter on Quarter GDP Flash Estimate Quarter on Quarter Chart 0.4% 0.4% 0.4%
Industrial Production Month on Month   1.8% -1.4% -2.0%
Industrial Production Year on Year Industrial Production Year on Year Chart 0.1% -2.0% -2.8%
PPI excl Food and Energy MM PPI excl Food and Energy MM Chart 0.2% 0.3% 0.3%
PPI Final Demand Month on Month PPI Final Demand Month on Month Chart 0.0% 0.2% 0.2%
PPI Core Year on Year PPI Core Year on Year Chart 1.8% 2.3% 2.4%
Weekly Jobless Claims Weekly Jobless Claims Chart 221k 223k 217k
EIA Weekly Crude Oil Stocks   2.149Mln 0.750Mln 2.089Mln
GDP Quarter on Quarter   0.7% 0.2% 0.2%

Friday 15 November

Indicator Previous Expected Actual
Retail Sales Retail Sales Chart 3.2% 3.8% 4.8%
Industrial Production Revised Industrial Production Revised Chart 1.4% 1.6%
Trade Balance Trade Balance Chart -15.060Bln GB -16.200Bln GB -16.321Bln GB
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.1%
Manufacturing Output Year on Year Manufacturing Output Year on Year Chart -0.3% 0.1% -0.7%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 2.4%
Trade Balance Non-EU Trade Balance Non-EU Chart -4.947Bln GB -5.313Bln GB
Industrial Production Year on Year Industrial Production Year on Year Chart -1.6% -1.2% -1.8%
Industrial Production Month on Month Industrial Production Month on Month Chart 0.5% 0.1% -0.5%
GDP Prelim Quarter on Quarter GDP Prelim Quarter on Quarter Chart 0.5% 0.2% 0.1%
GDP Prelim Year on Year   0.7% 1.0% 1.0%
Manufacturing Output Month on Month Manufacturing Output Month on Month Chart 1.1% -0.1% -1.0%
CPI Final Year on Year CPI Final Year on Year Chart 1.5% 1.5% 1.6%
CPI Final Month on Month CPI Final Month on Month Chart 0.3% 0.3% 0.3%
CPI Final Month on Month   0.3% 0.3% 0.3%
CPI Final Year on Year   1.0% 1.0% 1.0%
Trade Balance Trade Balance Chart -1.364Bln EU -1.175Bln EU
Retail Sales Ex-Auto Month on Month   0.5% 0.3% 0.1%
Retail Sales Month on Month   0.4% 0.3% 0.4%
Industrial Production Month on Month Industrial Production Month on Month Chart -0.3% -0.3% -0.3%
Business Inventories Month on Month Business Inventories Month on Month Chart 0.3% 0.2% 0.1%

Saturday 16 November

Indicator Previous Expected Actual
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 2.4%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.1%

Monday 18 November

Indicator Previous Expected Actual
Trade Balance Trade Balance Chart 4.6Bln EU
House Starts Annualized House Starts Annualized Chart 223.8k 242.5k

Tuesday 19 November

Indicator Previous Expected Actual
CPI Final Year on Year CPI Final Year on Year Chart 2.0% 2.0%
CPI Final Month on Month CPI Final Month on Month Chart -0.1% 0.3%
CPI Month on Month CPI Month on Month Chart -0.4% 0.3%
CPI Year on Year CPI Year on Year Chart 1.6% 1.9%
CPI BoC Core Year on Year CPI BoC Core Year on Year Chart 1.6%
CPI Boc Core Month on Month CPI Boc Core Month on Month Chart 0.0%
Housing Starts Housing Starts Chart 1.354Mln 1.335Mln
Exports Year on Year Exports Year on Year Chart -1.7% 2.2%
Trade Balance Trade Balance Chart -294.3Bln JP -360.4Bln JP
Imports Year on Year Imports Year on Year Chart 2.1% -0.3%

Wednesday 20 November

Indicator Previous Expected Actual
RPI Year on Year RPI Year on Year Chart 2.7% 3.5%
PPI Month on Month PPI Month on Month Chart -0.5% 0.1%
CPI Month on Month CPI Month on Month Chart 0.0% 0.5%
PPI Core Month on Month (nsa) PPI Core Month on Month (nsa) Chart 0.0%
RPI Month on Month RPI Month on Month Chart -0.3% 0.6%
CPI Year on Year CPI Year on Year Chart 1.7% 2.2%
PPI Year on Year PPI Year on Year Chart -1.4% -1.1%
PPI Core Year on Year (nsa) PPI Core Year on Year (nsa) Chart 1.4%
EIA Weekly Crude Oil Stocks   2.089Mln

Thursday 21 November

Indicator Previous Expected Actual
Public Sector Net Borrowing   16.613Bln GB
Philadelphia Fed Business Index Philadelphia Fed Business Index Chart 10.3 8.0
Weekly Jobless Claims Weekly Jobless Claims Chart 217k 223k
Industrial PPI Year on Year Industrial PPI Year on Year Chart -0.9%
Industrial PPI Month on Month Industrial PPI Month on Month Chart -0.6%
Existing Home Sales Existing Home Sales Chart 3.84Mln 3.93Mln
CPI Core Nationwide Year on Year CPI Core Nationwide Year on Year Chart 2.4% 2.2%
CPI Overall Nationwide CPI Overall Nationwide Chart 2.5%

Friday 22 November

Indicator Previous Expected Actual
GFK Consumer Confidence GFK Consumer Confidence Chart -21 -23
Retail Sales Month on Month Retail Sales Month on Month Chart 0.3% -0.3%
Retail Sales Year on Year Retail Sales Year on Year Chart 3.9% 3.4%
GDP Year on Year GDP Year on Year Chart 0.2% 0.2%
GDP Quarter on Quarter GDP Quarter on Quarter Chart 0.2% 0.2%
Retail Sales Month on Month Retail Sales Month on Month Chart 0.4% 0.4%
Univ Michigan Conditions Univ Michigan Conditions Chart 64.4
Univ Michigan Expectation Univ Michigan Expectation Chart 78.5
Univ Michigan Sentiment Univ Michigan Sentiment Chart 73.0 73.5

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