Market Analysis

Economic Diary:
Week Commencing 24/03/25


Tuesday 25 March

Indicator Previous Expected Actual
IFO Business Climate Expectations IFO Business Climate Expectations Chart 85.4 87.5 87.7
New Home Sales-Units Month on Month New Home Sales-Units Month on Month Chart 0.657Mln 0.679Mln 0.676Mln
Consumer Confidence Consumer Confidence Chart 98.3 94.0 92.9

Wednesday 26 March

Indicator Previous Expected Actual
CPI Month on Month CPI Month on Month Chart -0.1% 0.5% +0.4%
CPI Year on Year CPI Year on Year Chart 3.0% 2.9% +2.8%
RPI Month on Month RPI Month on Month Chart -0.1% 0.8% 0.6%
RPI Year on Year RPI Year on Year Chart 3.6% 3.6% 3.4%
Consumer Confidence Consumer Confidence Chart 93 94 92
ZEW Investor Sentiment   3.4 -10.7
Durable Goods   3.2% -1.0% 0.9%
EIA Weekly Crude Oil Stocks   1.745Mln -0.956Mln
EIA Weekly Crude Oil Stocks   1.745Mln -0.956Mln -3.341Mln

Thursday 27 March

Indicator Previous Expected Actual
Weekly Jobless Claims Weekly Jobless Claims Chart 223k 225k 224k
GDP Final GDP Final Chart 2.3% 2.3% 2.4%
GDP Deflator GDP Deflator Chart 2.4% 2.4% 2.3%
Pending Home Sales Month on Month Pending Home Sales Month on Month Chart -4.6% 1.0% +2.0%

Friday 28 March

Indicator Previous Expected Actual
Trade Balance Non-EU Trade Balance Non-EU Chart -6.098Bln GB -7.074Bln GB
GDP Final Year on Year   1.4% 1.4% 1.5%
Current Account Current Account Chart -18.099Bln GB -23.445Bln GB
GDP Final Quarter on Quarter GDP Final Quarter on Quarter Chart 0.1% 0.1% 0.1%
Trade Balance Trade Balance Chart -17.447Bln GB -16.800Bln GB -17.849Bln GB
Retail Sales Month on Month Retail Sales Month on Month Chart 1.7% -0.4% 1.0%
Retail Sales Year on Year Retail Sales Year on Year Chart 1.0% 0.5% 2.2%
GFK Consumer Confidence GFK Consumer Confidence Chart -24.7 -22.7 -24.5
PPI Month on Month PPI Month on Month Chart 0.7% -0.8%
Unemployment Change (sa) Unemployment Change (sa) Chart 5k 10k
Unemployment Rate (sa) Unemployment Rate (sa) Chart 6.2% 6.2%
Unemployment Change (sa) Unemployment Change (sa) Chart 5k 10k 26k
Unemployment Rate (sa) Unemployment Rate (sa) Chart 6.2% 6.2% 6.3%
Consumer Confidence   98.8 98.8 95.0
Industrial Sentiment Industrial Sentiment Chart -11.4 -10.5 -10.6
Business Climate Business Climate Chart -0.74 -0.73
Economic Sentiment Economic Sentiment Chart 96.3 97.0 95.2
Services Sentiment Services Sentiment Chart 6.2 6.7 2.4
Consumer Confidence Consumer Confidence Chart -14.5 -14.5 -14.5
PPI Year on Year PPI Year on Year Chart 4.4% 6.2%
PPI Month on Month PPI Month on Month Chart 1.6% 0.7%
PCE Price Index Month on Month PCE Price Index Month on Month Chart 0.3% 0.3% 0.3%
GDP Month on Month GDP Month on Month Chart 0.2% 0.3% +0.4%
PCE Core Price Index Year on Year PCE Core Price Index Year on Year Chart 2.6% 2.7% 2.8%
PCE Price Index Year on Year PCE Price Index Year on Year Chart 2.5% 2.5% 2.5%
Personal Income Month on Month Personal Income Month on Month Chart 0.9% 0.4% 0.8%
PCE Core Price Index Month on Month PCE Core Price Index Month on Month Chart 0.3% 0.3% 0.4%
Personal Spending Real Month on Month Personal Spending Real Month on Month Chart -0.5% 0.1%
Dallas Fed PCE Dallas Fed PCE Chart 2.5% 3.0%
Univ Michigan Expectation Univ Michigan Expectation Chart 54.2 52.6
Univ Michigan Sentiment Univ Michigan Sentiment Chart 57.9 57.9 57.0
Univ Michigan Conditions Univ Michigan Conditions Chart 63.5 63.8

Monday 31 March

Indicator Previous Expected Actual
Industrial Production Prelim   -1.1% 2.3%
Retail Sales Year on Year Retail Sales Year on Year Chart 3.9% 2.0%
PMI Manufacturing (China) PMI Manufacturing (China) Chart 50.2 50.5
Retail Sales Month on Month Retail Sales Month on Month Chart 0.2% 0.2%
Retail Sales Year on Year Retail Sales Year on Year Chart 2.9% 3.1%
Money Supply M4   1.3%
CPI Final Month on Month   0.4% 0.4%

Tuesday 01 April

Indicator Previous Expected Actual
Unemployment Rate Unemployment Rate Chart 2.5% 2.5%
Tankan Big Non-Manufacturers Index Tankan Big Non-Manufacturers Index Chart 33 33
Tankan Big Manufacturers Index Tankan Big Manufacturers Index Chart 14 12
PMI Manufacturing   48.3
Retail Sales Retail Sales Chart 0.3% 0.3%
RBA Cash Rate RBA Cash Rate Chart 4.10% 4.10%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.4% 0.2%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 3.9% 4.2%
PMI Manufacturing   47.4 48.0
PMI Manufacturing   48.9 48.9
PMI Manufacturing   48.3 48.3
Unemployment Rate   6.3% 6.3%
PMI Manufacturing   48.7 48.7
PMI Manufacturing   44.6 44.6
Unemployment Rate Unemployment Rate Chart 6.2% 6.2%
PMI Manufacturing   47.8
ISM Manufacturing PMI ISM Manufacturing PMI Chart 50.3 49.5

Wednesday 02 April

Indicator Previous Expected Actual
ADP employment report ADP employment report Chart 77k 105k
Factory Orders Factory Orders Chart 1.7% 0.5%
EIA Weekly Crude Oil Stocks   -3.341Mln

Thursday 03 April

Indicator Previous Expected Actual
PMI Services   53.0 52.5
PMI Services   46.6 46.6
PMI Services   50.2 50.2
PMI Services   50.4 50.4
PMI Composite   50.4 50.4
PMI Services   53.2 53.2
PPI Year on Year PPI Year on Year Chart 1.8%
PPI Month on Month PPI Month on Month Chart 0.8% 0.1%
Weekly Jobless Claims Weekly Jobless Claims Chart 224k 225k
Trade Balance Trade Balance Chart 3.97Bln CA 3.40Bln CA
Trade Balance Trade Balance Chart -131.4Bln US -123.5Bln US
ISM Non Manufacturing New Orders ISM Non Manufacturing New Orders Chart 52.2
ISM Non Manufacturing Employment ISM Non Manufacturing Employment Chart 53.9
ISM Non Manufacturing Business Activity ISM Non Manufacturing Business Activity Chart 54.4
ISM Non Manufacturing Prices Paid ISM Non Manufacturing Prices Paid Chart 62.6
ISM Non-Manufacturing PMI ISM Non-Manufacturing PMI Chart 53.5 53.0

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