Canada Economics Weekly Up-and-down week foreshadows CUSMA renegotiation A week of political drama, much of it emanating from south of the border, provides useful insight into how we can expect the CUSMA renegotiation to unfold. 13th February 2026 · 8 mins read
US Rapid Response US Consumer Prices (Jan 2026) The 0.28% m/m increase in core CPI in January was mainly due to a bigger 0.38% m/m gain in core services prices, with core goods prices unchanged, suggesting that tariffs and unseasonably large hikes... 13th February 2026 · 2 mins read
UK Economics Weekly What has the government ever done for us? The government has been supporting both economic and employment growth over the last year, while private sector activity has been weak and private sector employment has fallen. But this isn't the... 13th February 2026 · 10 mins read
Australia & New Zealand Economics Weekly Australia still facing elevated capacity pressures Data released this week reinforce the need for the RBA to tighten policy settings. Provisional figures suggest that private consumption growth accelerated in Q4 and is running above the pace... 13th February 2026 · 6 mins read
Japan Economics Weekly Stronger yen won’t be a big drag on inflation Despite widespread concerns that a resounding victory for the ruling coalition in Sunday’s Lower House elections would trigger a further sell-off in JGBs and the yen, the exchange rate in fact... 13th February 2026 · 6 mins read
Japan Chart Pack Japan Chart Pack (Feb. 26) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. The economy will continue to grow at a healthy pace, which should ensure that the labour market... 12th February 2026 · 1 min read
US Housing Market Rapid Response US Existing Home Sales (Jan 2026) The drop in existing home sales to a two-year low in January should prove temporary as the recent decline in borrowing costs feeds into greater homebuyer demand, notwithstanding some potential near... 12th February 2026 · 2 mins read
Canada Chart Pack Canada Chart Pack (Feb 2026) We expect GDP growth to be little more than 1% this year as household spending and investment remain subdued amid the immigration crackdown and start of CUSMA renegotiation. Despite soft employment... 12th February 2026 · 1 min read
UK Economics Rapid Response UK GDP (Dec./Q4 2025) The disappointing 0.1% q/q gain in GDP in Q4 (consensus, BoE and CE forecast 0.2%) suggests the economy still has very little momentum. This supports our forecast for GDP growth to slow from 1.3% in... 12th February 2026 · 3 mins read
UK Housing Market Update UK RICS Residential Market Survey (Jan. 2026) The green shoots of recovery indicated by January’s RICS housing market survey support other evidence that suggests the economy strengthened at the start of the year. And it lends some tentative... 12th February 2026 · 3 mins read
US Rapid Response US Employment Report (Jan. 2026) The 172,000 surge in private payrolls in January owed a lot to a 124,000 surge in health care & social assistance, but private sector hiring elsewhere still appears to be strengthening. Indeed, the... 11th February 2026 · 3 mins read
Australia & New Zealand Economics Update RBNZ will start normalising policy in Q2 2027 The RBNZ will leave rates on hold at 2.25% at its meeting on 18th February. With the latest data suggesting that the balance of risks to the economic outlook has shifted somewhat to the upside, we’re... 11th February 2026 · 4 mins read
US Housing Market Update Buy versus rent dynamics favour apartment markets in the Midwest and New York State The large cost gap between buying and renting today underpins our upbeat national apartment demand forecast. Applying the same logic at the city level, demand in Midwestern and New York State metros... 10th February 2026 · 5 mins read
US Rapid Response US Retail Sales (Dec. 2025) The weaker-than-expected retail sales data for December won’t be enough to spoil the fourth quarter, with our estimate of fourth-quarter GDP growth still at 3.8% annualised. But, together with the... 10th February 2026 · 2 mins read
Global Economics Chart Pack Global Economics Chart Pack (Feb. 2026) The latest data seem to confirm that global GDP growth slowed in Q4. But there are also several signs of encouragement, consistent with our forecast for global growth to stabilise at about 3% this... 9th February 2026 · 1 min read
Australia & New Zealand Rapid Response Australia Monthly Household Spending Indicator (Dec. 25) Although Australian households pared back spending at the end of last year, that doesn't take away from the bigger picture that the economy is running too hot for the RBA's liking. Accordingly, we... 9th February 2026 · 2 mins read
