Market Analysis

Economic Diary:
Week Commencing 17/02/25


Monday 17 February

Indicator Previous Expected Actual
Industrial Production Revised Industrial Production Revised Chart 0.3% -0.2%
Trade Balance Trade Balance Chart -1.816Bln EU -1.861Bln EU
Trade Balance Trade Balance Chart 16.4Bln EU +15.5Bln EU
House Starts Annualized House Starts Annualized Chart 231.5k 252.5k 239.7k

Tuesday 18 February

Indicator Previous Expected Actual
RBA Cash Rate RBA Cash Rate Chart 4.35% 4.10% 4.10%
Unemployment Rate (ILO) Unemployment Rate (ILO) Chart 4.4% 4.5% 4.4%
Claimant Count Unemployment Change Claimant Count Unemployment Change Chart 0.7k +22.0k
Average Weekly Earnings 3 Month Year on Year Average Weekly Earnings 3 Month Year on Year Chart 5.6% 5.9% 6.0%
CPI Final Month on Month CPI Final Month on Month Chart -0.1% -0.2% -0.2%
CPI Final Year on Year CPI Final Year on Year Chart 1.8% 1.8% 1.8%
ZEW Economic sentiment ZEW Economic sentiment Chart 10.3 20.0 26.0
ZEW Current Conditions ZEW Current Conditions Chart -90.4 -90.0 -88.5
CPI Month on Month CPI Month on Month Chart -0.4% 0.1% +0.1%
CPI Boc Core Month on Month CPI Boc Core Month on Month Chart -0.3% +0.4%
CPI BoC Core Year on Year CPI BoC Core Year on Year Chart 1.8% +2.1%
CPI Year on Year CPI Year on Year Chart 1.8% 1.9% +1.9%
Exports Year on Year Exports Year on Year Chart 2.8% 7.9% 7.2%
Trade Balance Trade Balance Chart 130.9Bln JP -2100.5Bln JP -2758.8Bln JP
Imports Year on Year Imports Year on Year Chart 1.8% 9.7% 16.7%

Wednesday 19 February

Indicator Previous Expected Actual
RBNZ Rate Decision RBNZ Rate Decision Chart 4.25% 3.75% 3.75%
PPI Core Year on Year (nsa) PPI Core Year on Year (nsa) Chart 1.5% 1.5%
RPI Year on Year RPI Year on Year Chart 3.5% 3.7% 3.6%
CPI Year on Year CPI Year on Year Chart 2.5% 2.8% +3.0%
PPI Core Month on Month (nsa) PPI Core Month on Month (nsa) Chart 0.0% 0.3%
RPI Month on Month RPI Month on Month Chart 0.3% -0.1% -0.1%
CPI Month on Month CPI Month on Month Chart 0.3% -0.3% -0.1%
Housing Starts Housing Starts Chart 1.499Mln 1.390Mln 1.366Mln

Thursday 20 February

Indicator Previous Expected Actual
Unemployment Rate Unemployment Rate Chart 4.0% 4.1% +4.1%
PPI Year on Year PPI Year on Year Chart 0.8% 1.3% +0.5%
PPI Month on Month PPI Month on Month Chart -0.1% 0.6% -0.1%
Weekly Jobless Claims Weekly Jobless Claims Chart 213k 215k 219k
Industrial PPI Year on Year Industrial PPI Year on Year Chart 4.1% 5.8%
Industrial PPI Month on Month Industrial PPI Month on Month Chart 0.2% 0.8% 1.6%
Philadelphia Fed Business Index Philadelphia Fed Business Index Chart 44.3 20.0 18.1
EIA Weekly Crude Oil Stocks   4.070Mln 3.144Mln 4.633Mln
CPI Core Nationwide Year on Year CPI Core Nationwide Year on Year Chart 3.0% 3.1% 3.2%
CPI Overall Nationwide CPI Overall Nationwide Chart 3.6% 4.0%

Friday 21 February

Indicator Previous Expected Actual
GFK Consumer Confidence GFK Consumer Confidence Chart -22 -22 -20
Public Sector Net Borrowing   17.811Bln GB -15.442Bln GB
Retail Sales Year on Year Retail Sales Year on Year Chart 3.6% 0.6% 1.0%
Retail Sales Month on Month Retail Sales Month on Month Chart -0.3% 0.3% 1.7%
CPI Final Month on Month   -0.7% -0.7% -0.8%
CPI Final Year on Year   1.7% 1.7% 1.7%
Retail Sales Month on Month Retail Sales Month on Month Chart 0.0% 1.6% +2.5%
Existing Home Sales Existing Home Sales Chart 4.24Mln 4.12Mln 4.08Mln
Univ Michigan Expectation Univ Michigan Expectation Chart 67.3 64.0
Univ Michigan Conditions Univ Michigan Conditions Chart 68.7 65.7
Univ Michigan Sentiment Univ Michigan Sentiment Chart 67.8 67.8 64.7

Monday 24 February

Indicator Previous Expected Actual
IFO Business Climate Expectations IFO Business Climate Expectations Chart 84.2 85.0
CPI Final Year on Year CPI Final Year on Year Chart 2.5% 2.5%
CPI Final Month on Month CPI Final Month on Month Chart 0.4% -0.3%

Tuesday 25 February

Indicator Previous Expected Actual
GDP Quarter on Quarter GDP Quarter on Quarter Chart -0.2% -0.2%
GDP Year on Year GDP Year on Year Chart -0.4%
Consumer Confidence Consumer Confidence Chart 104.1 103.0

Wednesday 26 February

Indicator Previous Expected Actual
GFK Consumer Confidence GFK Consumer Confidence Chart -22.4 -21.0
Consumer Confidence Consumer Confidence Chart 92 93
New Home Sales-Units Month on Month New Home Sales-Units Month on Month Chart 0.698Mln 0.680Mln
EIA Weekly Crude Oil Stocks   4.633Mln

Thursday 27 February

Indicator Previous Expected Actual
PPI Month on Month PPI Month on Month Chart 1.0%
Unemployment Rate (sa) Unemployment Rate (sa) Chart 6.2% 6.2%
Unemployment Change (sa) Unemployment Change (sa) Chart 11k 15k
Consumer Confidence   98.2
Economic Sentiment Economic Sentiment Chart 95.2 96.0
Business Climate Business Climate Chart -0.94
Consumer Confidence Consumer Confidence Chart -13.6 -13.6
Services Sentiment Services Sentiment Chart 6.6
Industrial Sentiment Industrial Sentiment Chart -12.9 -12.0
Durable Goods   -2.2% 2.5%
Weekly Jobless Claims Weekly Jobless Claims Chart 219k 220k
Pending Home Sales Month on Month Pending Home Sales Month on Month Chart -5.5% -0.6%
Industrial Production Prelim   -0.2% -1.2%
Retail Sales Year on Year Retail Sales Year on Year Chart 3.7% 4.0%

Friday 28 February

Indicator Previous Expected Actual
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 4.1% 3.5%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.1% 0.2%
Retail Sales Year on Year Retail Sales Year on Year Chart 1.8%
Retail Sales Month on Month Retail Sales Month on Month Chart -1.6% -0.2%
GDP Detailed Quarter on Quarter   -0.1% -0.1%
CPI Final Month on Month   -0.2% 0.4%
PCE Core Price Index Month on Month PCE Core Price Index Month on Month Chart 0.2% 0.3%
GDP Quarter on Quarter Annualised GDP Quarter on Quarter Annualised Chart 1.0% 1.9%
Personal Spending Real Month on Month Personal Spending Real Month on Month Chart 0.4%
GDP Month on Month GDP Month on Month Chart -0.2% 0.3%
PCE Core Price Index Year on Year PCE Core Price Index Year on Year Chart 2.8% 2.6%
PCE Price Index Month on Month PCE Price Index Month on Month Chart 0.3% 0.3%
GDP Quarter on Quarter GDP Quarter on Quarter Chart 0.3%
Personal Income Month on Month Personal Income Month on Month Chart 0.4% 0.3%
PCE Price Index Year on Year PCE Price Index Year on Year Chart 2.6% 2.5%
Dallas Fed PCE Dallas Fed PCE Chart 2.8%

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