Market Analysis

Economic Diary:
Week Commencing 16/12/24


Monday 16 December

Indicator Previous Expected Actual
Retail Sales Retail Sales Chart 4.8% 4.6% 3.0%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 3.7%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 1.2%
ZEW Investor Sentiment   -12.4
CPI Final Month on Month   0.0% 0.0% -0.1%
CPI Final Year on Year   1.6% 1.6% 1.5%
House Starts Annualized House Starts Annualized Chart 240.8k
Consumer Sentiment Consumer Sentiment Chart 5.3% -2.0%

Tuesday 17 December

Indicator Previous Expected Actual
Average Weekly Earnings 3 Month Year on Year Average Weekly Earnings 3 Month Year on Year Chart 4.3% 4.6% 5.2%
Unemployment Rate (ILO) Unemployment Rate (ILO) Chart 4.3% 4.3% 4.3%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 3.7%
Claimant Count Unemployment Change Claimant Count Unemployment Change Chart 26.7k +0.3k
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 1.2%
IFO Business Climate Expectations IFO Business Climate Expectations Chart 87.2 87.5 84.4
ZEW Investor Sentiment   -12.4
Trade Balance Trade Balance Chart -1.175Bln EU -0.660Bln EU
ZEW Economic sentiment ZEW Economic sentiment Chart 7.4 6.5 15.7
ZEW Current Conditions ZEW Current Conditions Chart -91.4 -93.0 -93.1
Trade Balance Trade Balance Chart 12.5Bln EU +6.8Bln EU
CPI Month on Month CPI Month on Month Chart 0.4% 0.1% 0.0%
CPI Year on Year CPI Year on Year Chart 2.0% 2.0% 1.9%
CPI BoC Core Year on Year CPI BoC Core Year on Year Chart 1.7% +1.6%
CPI Boc Core Month on Month CPI Boc Core Month on Month Chart 0.4% -0.1%
Retail Sales Ex-Auto Month on Month   0.1% 0.4% 0.2%
Retail Sales Month on Month   0.4% 0.5% 0.7%
Industrial Production Month on Month Industrial Production Month on Month Chart -0.3% 0.3% -0.1%
Business Inventories Month on Month Business Inventories Month on Month Chart 0.1% 0.1% 0.1%
Imports Year on Year Imports Year on Year Chart 0.4% 1.0% -3.8%
Trade Balance Trade Balance Chart -461.2Bln JP -688.9Bln JP -117.6Bln JP
Exports Year on Year Exports Year on Year Chart 3.1% 2.8% 3.8%

Wednesday 18 December

Indicator Previous Expected Actual
RPI Year on Year RPI Year on Year Chart 3.4% 3.7%
PPI Core Month on Month (nsa) PPI Core Month on Month (nsa) Chart 0.3%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 1.2%
CPI Month on Month CPI Month on Month Chart 0.6% 0.1%
PPI Core Year on Year (nsa) PPI Core Year on Year (nsa) Chart 1.7%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 3.7%
CPI Year on Year CPI Year on Year Chart 2.3% 2.6%
RPI Month on Month RPI Month on Month Chart 0.5% 0.2%
ZEW Investor Sentiment   -12.4
CPI Final Month on Month CPI Final Month on Month Chart 0.3% -0.3%
CPI Final Year on Year CPI Final Year on Year Chart 2.3% 2.3%
Housing Starts Housing Starts Chart 1.311Mln 1.343Mln
Current Account Balance Current Account Balance Chart -266.8Bln US -284.0Bln US
EIA Weekly Crude Oil Stocks   -1.425Mln -1.635Mln
FOMC Rate Decision   4.625% 4.375%

Thursday 19 December

Indicator Previous Expected Actual
GFK Consumer Confidence GFK Consumer Confidence Chart -23.3 -22.5
MPC Vote For Rate Hike   0 0
BoE Rate Decision BoE Rate Decision Chart 4.75% 4.75%
MPC Vote For Rate Unchanged   1 8
MPC Vote For Rate Cut   8 1
Weekly Jobless Claims Weekly Jobless Claims Chart 242k 230k
Philadelphia Fed Business Index Philadelphia Fed Business Index Chart -5.5 3.0
GDP Deflator GDP Deflator Chart 1.9% 1.9%
Corporate Profits Corporate Profits Chart 0.0%
GDP Final GDP Final Chart 2.8% 2.8%
Existing Home Sales Existing Home Sales Chart 3.96Mln 4.07Mln
CPI Overall Nationwide CPI Overall Nationwide Chart 2.3%
CPI Core Nationwide Year on Year CPI Core Nationwide Year on Year Chart 2.3% 2.6%

Friday 20 December

Indicator Previous Expected Actual
PPI Year on Year PPI Year on Year Chart -1.1% -0.3%
Retail Sales Year on Year Retail Sales Year on Year Chart 2.4% 0.8%
Public Sector Net Borrowing   17.354Bln GB
PPI Month on Month PPI Month on Month Chart 0.2% 0.3%
Retail Sales Month on Month Retail Sales Month on Month Chart -0.7% 0.5%
PPI Month on Month PPI Month on Month Chart 0.9%
Consumer Confidence   96.6 97.0
PPI Year on Year PPI Year on Year Chart -2.8%
PPI Month on Month PPI Month on Month Chart 0.7%
PCE Core Price Index Year on Year PCE Core Price Index Year on Year Chart 2.8% 2.9%
Personal Income Month on Month Personal Income Month on Month Chart 0.6% 0.4%
PCE Price Index Month on Month PCE Price Index Month on Month Chart 0.2% 0.2%
Personal Spending Real Month on Month Personal Spending Real Month on Month Chart 0.1%
PCE Price Index Year on Year PCE Price Index Year on Year Chart 2.3% 2.5%
PCE Core Price Index Month on Month PCE Core Price Index Month on Month Chart 0.3% 0.2%
Retail Sales Month on Month Retail Sales Month on Month Chart 0.4% 0.7%
Dallas Fed PCE Dallas Fed PCE Chart 2.3%
Univ Michigan Conditions Univ Michigan Conditions Chart 77.7
Univ Michigan Sentiment Univ Michigan Sentiment Chart 74.0 74.0
Univ Michigan Expectation Univ Michigan Expectation Chart 71.6

Monday 23 December

Indicator Previous Expected Actual
GDP Final Year on Year   1.0%
Current Account Current Account Chart -28.397Bln GB
GDP Final Quarter on Quarter GDP Final Quarter on Quarter Chart 0.1%
Industrial PPI Month on Month Industrial PPI Month on Month Chart 1.2%
GDP Month on Month GDP Month on Month Chart 0.1%
Industrial PPI Year on Year Industrial PPI Year on Year Chart 1.1%
Consumer Confidence Consumer Confidence Chart 111.7 113.0

Tuesday 24 December

Indicator Previous Expected Actual
Durable Goods   0.3% -0.4%
New Home Sales-Units Month on Month New Home Sales-Units Month on Month Chart 0.610Mln 0.652Mln

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