Canada Chart Pack Canada Chart Pack (Mar. 2024) The economy made a strong start to the year, but that was largely due to temporary factors that will soon fade. With spare capacity emerging, particularly in the labour market, downward progress on... 2nd April 2024 · 1 min read
US Economics Update Inflation pressure from labour market continues to fade The February JOLTS data suggest that labour market conditions are now easing at a more gradual pace, but that isn’t a surprise when most indicators of slack have already returned to pre-pandemic norms... 2nd April 2024 · 2 mins read
Global Economics Update PMIs continue to suggest global industry is recovering March’s manufacturing PMIs provided further evidence that global industry is past the worst. And although higher industrial output has caused price pressures to increase in some advanced economies, it... 2nd April 2024 · 2 mins read
UK Economics Rapid Response UK Money & Credit (Feb. 2024) February’s money and credit figures show the dip in mortgage rates at the start of the year boosted mortgage approvals to a 17-month high. This is unlikely to continue in the near term. But if we’re... 2nd April 2024 · 3 mins read
Australia & New Zealand Economics Update Australia CoreLogic House Prices (Mar.) Australian house prices continued to pare their gains last month. And a further loss of momentum appears likely in the near term, especially given that the RBA is unlikely to come to the housing... 2nd April 2024 · 3 mins read
Japan Economics Update Banks set to become major holders of JGBs yet again Once the Bank of Japan starts to reduce its huge holdings of Japanese Government Bonds (JGBs) in earnest, we think that commercial banks will once again become major holders of JGBs. Insurance firms... 2nd April 2024 · 2 mins read
Canada Economics Update Mixed results from the Bank’s latest surveys The Bank of Canada’s quarterly business and consumer surveys remain consistent with weak GDP growth and generally show that inflation expectations are normalising, but the latter are still too high... 1st April 2024 · 4 mins read
Japan Rapid Response Japan Tankan (Q1 2024) The slight fall in business conditions across all firm sizes in the latest Tankan suggests that a rapid recovery from the likely slump in Q1 GDP looks unlikely. 1st April 2024 · 3 mins read
Japan Rapid Response Japan Activity & Labour Market (Feb.) & Tokyo CPI (Mar.) With industrial output falling yet again in February following the plunge in January, GDP will fall sharply in the first quarter. 29th March 2024 · 2 mins read
Global Economics Shipping Disruption Dashboard: New Charts on Baltimore Click here to visit our Shipping Disruption Dashboard, which we have updated and extended to include analysis of the Baltimore port closure. 28th March 2024 · 1 min read
Canada Economics Weekly Strong start to the year unlikely to be sustained The economy made a strong start to 2024, but that was partly due to the end of strike disruption and the record warm winter. We expect GDP growth to slow sharply next quarter, persuading the Bank of... 28th March 2024 · 6 mins read
US Employment Report Preview Labour demand still gradually easing We expect non-farm payroll growth to ease to 180,000 in March. The jump in the unemployment rate in February is unlikely to be repeated, and is more likely to be partly reversed. 28th March 2024 · 4 mins read
UK Economics Weekly Why interest rate cuts may crimp household income It’s unusual that higher interest rates have directly boosted household incomes by raising the amount of interest households have received on their savings by more than the interest they have paid on... 28th March 2024 · 4 mins read
