Japan Chart Pack Japan Chart Pack (Aug. 2023) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. We no longer expect the economy to enter a recession across the second half of the year. But with... 16th August 2023 · 1 min read
UK Economics Rapid Response UK Consumer Prices (Jul. 2023) CPI inflation fell to a 17-month low of 6.8% in July, as the effects of the lower utility price cap kicked in. But with services price inflation rising from 7.2% to 7.4% (Bank of England forecast 7.3%... 16th August 2023 · 3 mins read
Australia & New Zealand Economics Update RBNZ signals extended pause The Reserve Bank of New Zealand left rates on hold, as was widely expected. However, the minutes of today’s meeting were unambiguously on the hawkish side, with the Committee indicating the need to... 16th August 2023 · 3 mins read
US Commercial Property Update How remote work could impact US city revenues On the back of the remote work revolution, US downtowns have seen reduced office-led footfall and rising crime rates. Cities will need to be proactive to drive conversion to alternative use and to... 15th August 2023 · 4 mins read
Canada Rapid Response Consumer Prices (Jul.) While the continued above-target gains in the CPI-trim and CPI-median core measures may cause some concern for the Bank of Canada, there were still some encouraging disinflationary signs in the July... 15th August 2023 · 3 mins read
US Rapid Response Retail Sales (Jul.) The 0.7% m/m jump in retail sales in July suggests that tighter monetary policy is still having remarkably little impact on real economic activity, but that isn’t necessarily a problem for the Fed... 15th August 2023 · 2 mins read
Global Economics Update Interest rate-sensitive activity still holding up Interest rate-sensitive activity in advanced economies has fallen, but is still holding up rather well given how much interest rates have risen. This is partly due to the rebound in auto sales and... 15th August 2023 · 3 mins read
UK Economics Rapid Response UK Labour Market (Jun./Jul. 2023) The fall in employment in the three months to June and further rise in the unemployment rate will be welcomed by the Bank of England as a sign labour market conditions are cooling. But with wage... 15th August 2023 · 3 mins read
Japan Economics Update Fall in energy imports has further to run Most of the plunge in import volumes last quarter reflects lower energy imports. With the Ukraine war rekindling concerns about energy security and energy prices remaining stubbornly high, import... 15th August 2023 · 3 mins read
Australia & New Zealand Rapid Response Australia Wage Price Index (Q2 2023) The sluggish pace of wage growth in Q2 reinforces our view that the Reserve Bank of Australia won't lift interest rates any higher. 15th August 2023 · 3 mins read
Global Economics Chart Pack Global Economics Chart Pack (Aug. 2023) While economic activity was generally more resilient than feared in the first half of 2023, we expect global growth to disappoint in the coming quarters. We doubt that another bout of policy stimulus... 14th August 2023 · 1 min read
US Commercial Property Rapid Response Commercial Property Lending (July) July saw the amount of outstanding debt secured against real estate rise (albeit marginally) after a sharp drop in June, driven by a strong rebound in residential lending. Across the commercial real... 14th August 2023 · 4 mins read
Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (Aug. 2023) Our Australia & New Zealand Chart Pack has been updated with the latest data and our analysis of recent developments. Although central banks in both Australia and New Zealand are unlikely to drop... 14th August 2023 · 1 min read
