Australia & New Zealand Economics Weekly ANZ Weekly: RBA will look past strong household spending data Provisional household spending data published this week suggest that private consumption may have picked up more strongly in Q4 than the Reserve Bank of Australia had anticipated. However, given the... 7th February 2025 · 4 mins read
Japan Economics Weekly Bank of Japan will hike rates again soon While the surge in bonus payments in December in principle bodes well for the upcoming spring wage negotiations as it signals strong corporate profitability, it's worth highlighting that growth in... 7th February 2025 · 4 mins read
Canada Chart Pack Canada Chart Pack (Feb. 2025) The threat of US tariffs will hang over the economy for the foreseeable future, weighing on confidence and reducing investment. We have therefore revised down our GDP growth forecast for 2025 to 1.5%... 6th February 2025 · 1 min read
US Housing Market Update Southeast and West Coast apartments to benefit from high costs of home ownership Even if mortgage rates drop back slightly and house price growth cools over the next few years as we expect, renting will remain the more cost-effective option, supporting apartment demand. Southeast... 6th February 2025 · 3 mins read
Global Markets Update How Trump’s tariff policy is shaping our view of markets Despite Donald Trump cutting deals with Mexico and Canada, we are not backtracking from our revised view that the Fed will stay on the sidelines for the next six months. What’s more, if US tariffs end... 6th February 2025 · 5 mins read
UK Economics Update Rising chance of BoE rates falling quicker to 3.50% and further While cutting interest rates from 4.75% to 4.50% today, which was the third 25 basis point (bps) cut in seven months, the Bank of England showed some signs that it may cut rates faster and further... 6th February 2025 · 4 mins read
UK Economics Rapid Response Bank of England Policy Announcement (6th Feb 2025) While cutting interest rates from 4.75% to 4.50% today, which was the third 25 basis point (bps) cut in seven months, the Bank of England showed some signs that it may cut rates faster and further... 6th February 2025 · 3 mins read
UK Economics Chart Pack UK Economics Chart Pack (Feb. 2025) Despite the recent weak news on activity and the uncertainty around the global outlook due to Trump’s US import tariffs, the stronger news on domestic price pressures means the Bank of England will... 5th February 2025 · 1 min read
US Rapid Response ISM Services Index (Jan. 2025) The fall in the ISM services index to 52.8 in December lends some support to our view that GDP growth will slow in the next couple of quarters, albeit with the caveat that the surveys have proved to... 5th February 2025 · 2 mins read
US Rapid Response US International Trade (Dec. 2024) The trade deficit ballooned to a 3-year high of $98.4bn in December, up from $78.9bn, as imports surged by 3.5% and exports fell by 2.6%. The strength of imports appears largely driven by businesses... 5th February 2025 · 2 mins read
Canada Rapid Response Canada International Trade (Dec. 2024) The surge in exports in December and recent improvement in the export order survey indicators add to the evidence that the economy was picking up momentum at the end of last year. The prospect of US... 5th February 2025 · 2 mins read
US Housing Market Rapid Response US Mortgage Applications (Jan. 2025) The steep rise in home purchase mortgage applications in January left applications at their highest level since June 2023. However, taking a step back, activity remains extremely depressed compared to... 5th February 2025 · 2 mins read
Japan Economics Update Japan’s rice inflation will plunge this year The largest increase in rice prices on record has provided a sizeable boost to inflation in recent months but we expect rice inflation to slow sharply this year. While our forecast is a 0.6%-pt... 5th February 2025 · 3 mins read
Australia & New Zealand Rapid Response New Zealand Labour Market (Q4 2024) 4th February 2025 · 2 mins read
US Economics Update JOLTS data point to balanced labour market Despite showing a modest fall in job openings, the totality of the December JOLTS data are consistent with a labour market that has stabilised at a healthy level. 4th February 2025 · 2 mins read
Canada Economics Update Rolling tariff threat a downside risk to Canadian GDP Although President Trump has hit pause on tariffs on Canada, his communications suggest he still wants a broader agreement on various trade issues. Given the chaotic political situation in Canada, it... 4th February 2025 · 4 mins read
