Market Analysis

Economic Diary:
Week Commencing 23/03/26


Monday 23 March

Indicator Previous Expected Actual
CPI Overall Nationwide CPI Overall Nationwide Chart 1.5% 1.3%
CPI Core Nationwide Year on Year CPI Core Nationwide Year on Year Chart 2.0% 1.7% 1.6%

Wednesday 25 March

Indicator Previous Expected Actual
CPI Month on Month CPI Month on Month Chart -0.5% 0.4% 0.4%
RPI Year on Year RPI Year on Year Chart 3.8% 3.7% 3.6%
CPI Year on Year CPI Year on Year Chart 3.0% 3.0% 3.0%
RPI Month on Month RPI Month on Month Chart -0.5% 0.5% 0.4%
PPI Core Month on Month (nsa) PPI Core Month on Month (nsa) Chart 0.2% -0.8%
PPI Core Year on Year (nsa) PPI Core Year on Year (nsa) Chart 2.9% 1.9%
ZEW Investor Sentiment   9.8
ZEW Investor Sentiment   9.8 -35
IFO Business Climate Expectations IFO Business Climate Expectations Chart 90.5 86.0 86.0
Current Account Balance Current Account Balance Chart -226.4Bln US -211.0Bln US -190.7Bln US
EIA Weekly Crude Oil Stocks   6.156Mln 0.477Mln 6.926Mln

Thursday 26 March

Indicator Previous Expected Actual
GFK Consumer Confidence GFK Consumer Confidence Chart -24.7 -27.0 -28.0
Consumer Confidence Consumer Confidence Chart 91 89 89
Consumer Confidence   97.4 95.5 92.6

Friday 27 March

Indicator Previous Expected Actual
GFK Consumer Confidence GFK Consumer Confidence Chart -19 -24 -21
Retail Sales Year on Year Retail Sales Year on Year Chart 4.5% 2.1% 2.5%
Retail Sales Month on Month Retail Sales Month on Month Chart 1.8% -0.7% -0.4%
Univ Michigan Conditions Univ Michigan Conditions Chart 57.8 55.8
Univ Michigan Expectation Univ Michigan Expectation Chart 54.1 51.7
Univ Michigan Sentiment Univ Michigan Sentiment Chart 55.5 54.0 53.3

Monday 30 March

Indicator Previous Expected Actual
PPI Month on Month PPI Month on Month Chart 1.5%
PPI Year on Year PPI Year on Year Chart -1.6%
Money Supply M4   -0.1%
Industrial Sentiment Industrial Sentiment Chart -7.1 -8.0
Business Climate Business Climate Chart -0.36
Consumer Confidence Consumer Confidence Chart -16.3 -16.3
Economic Sentiment Economic Sentiment Chart 98.3 96.8
Services Sentiment Services Sentiment Chart 5.0 3.9
CPI Final Month on Month   0.2% 1.1%

Tuesday 31 March

Indicator Previous Expected Actual
Unemployment Rate Unemployment Rate Chart 2.7% 2.7%
Industrial Production Prelim   4.3% -2.1%
Retail Sales Year on Year Retail Sales Year on Year Chart 1.8% 0.8%
PMI Manufacturing (China) PMI Manufacturing (China) Chart 49.0 50.0
Current Account Current Account Chart -12.067Bln GB -23.350Bln GB
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 1.0%
Retail Sales Year on Year Retail Sales Year on Year Chart 1.2%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.3%
Retail Sales Month on Month Retail Sales Month on Month Chart -0.9% 0.2%
GDP Final Quarter on Quarter GDP Final Quarter on Quarter Chart 0.1% 0.1%
GDP Final Year on Year   1.0% 1.0%
PPI Month on Month PPI Month on Month Chart 0.5%
Unemployment Change (sa) Unemployment Change (sa) Chart 1k 2k
Unemployment Rate (sa) Unemployment Rate (sa) Chart 6.3% 6.3%
GDP Month on Month GDP Month on Month Chart 0.2% 0.0%
Consumer Confidence Consumer Confidence Chart 91.2 88.0

Wednesday 01 April

Indicator Previous Expected Actual
Tankan Big Non-Manufacturers Index Tankan Big Non-Manufacturers Index Chart 34 33
Tankan Big Manufacturers Index Tankan Big Manufacturers Index Chart 15 16
PMI Manufacturing   51.4
PMI Manufacturing   50.6 50.9
PMI Manufacturing   50.2 50.2
PMI Manufacturing   51.7 51.7
PMI Manufacturing   51.4 51.4
Unemployment Rate   5.1%
PMI Manufacturing   51.4 51.2
Unemployment Rate Unemployment Rate Chart 6.1% 6.2%
ADP employment report ADP employment report Chart 63k 40k
Retail Sales Ex-Auto Month on Month   0.0% 0.2%
Retail Sales Month on Month   -0.2% 0.4%
PMI Manufacturing   51.0
ISM Manufacturing PMI ISM Manufacturing PMI Chart 52.4 52.3
EIA Weekly Crude Oil Stocks   6.926Mln

Thursday 02 April

Indicator Previous Expected Actual
Retail Sales Year on Year (nsa) Retail Sales Year on Year (nsa) Chart 2.30%
Retail Sales Month on Month (sa) Retail Sales Month on Month (sa) Chart 0.60%
Trade Balance Trade Balance Chart -3.65Bln CA -1.90Bln CA
Trade Balance Trade Balance Chart -54.5Bln US -61.5Bln US

Friday 03 April

Indicator Previous Expected Actual
Industrial Production Month on Month   0.5% 0.0%
Unemployment Rate Unemployment Rate Chart 4.4% 4.4%
Non-Farm Payrolls Non-Farm Payrolls Chart -92k 55k

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