Australia & New Zealand Economics Update Australia's housing rebound has further to run House prices rose the most since last year in June and with the RBA set to cut interest rates much further, the housing market will continue to gain momentum. However, affordability will remain quite... 1st July 2025 · 3 mins read
Japan Rapid Response Japan Tankan (Q2 25) The Q2 Tankan survey showed that the economy is holding up well despite trade tensions, which supports our view that the Bank of Japan will resume its tightening cycle before the end of the year. 1st July 2025 · 2 mins read
US Housing Market Chart Pack US Housing Market Chart Pack (Jun. 2025) Housing is struggling under the weight of high borrowing costs – a problem unlikely to ease if, as we expect, the Fed holds rates steady this year due to tariff-driven inflation, followed by only a... 30th June 2025 · 1 min read
US Housing Market Update Dip in house prices won’t turn into deeper correction Recent house price declines suggest a shift toward a more buyer-friendly market, as rising home listings increase choice and temper seller expectations. Nonetheless, leading indicators and solid... 30th June 2025 · 4 mins read
UK Economics Rapid Response UK Money & Lending (May 2025) Today’s money and lending data release supports wider evidence that activity was relatively soft in May. But with consumer confidence improving and real wages rising at a healthy clip, we still think... 30th June 2025 · 3 mins read
UK Economics Rapid Response UK GDP (Q1 2025 Final) GDP growth was unrevised at 0.7% q/q in Q1, but we already know this strength has started to unwind. The underlying picture is still that there is very little momentum in the economy. 30th June 2025 · 3 mins read
Japan Rapid Response Japan Industrial Production & Retail Sales (May 25) 30th June 2025 · 2 mins read
Canada Economics Weekly Canada Weekly: High services inflation not a big concern The CPI data showed the Bank of Canada’s preferred CPI-trim and CPI-median core measures rose by an average of 0.2% m/m in May, which was lower than in the previous month but still a bit too strong... 27th June 2025 · 5 mins read
US Economics Weekly US Weekly: Trump fast-tracks search for Powell successor Fed Chair Jerome Powell struck a careful balance in his semi-annual testimony to Congress this week, offering no signal that a July cut is likely, while keeping the door open to reductions later in... 27th June 2025 · 7 mins read
UK Economics Weekly UK Weekly: Revising down our Bank Rate forecast to 3.00% Helped in part by the decline in energy prices, this week we have become more confident that the recent loosening in the labour market will eventually reduce domestic price pressures. As a result, we... 27th June 2025 · 5 mins read
Canada Rapid Response Canada GDP (Apr. 2025) The worse-than-expected 0.1% m/m contraction in GDP in April and equivalent sized estimated fall in May suggests that growth was flat at best in the second quarter, with a clear risk of a contraction... 27th June 2025 · 2 mins read
Japan Economics Weekly Japan Weekly: LDP set to defend majority in Upper House Even though the LDP suffered a crushing defeat in Tokyo’s metropolitan election over the weekend, it looks increasingly likely that the government will be able to defend its majority in next month’s... 27th June 2025 · 6 mins read
Japan Economics Update Improvement in fiscal health has further to run The flow of funds data suggest that Japan’s budget deficit has continued to narrow after reaching a 30-year low in 2023. And while the recent plunge in the ratio of government debt to GDP partly... 27th June 2025 · 3 mins read
US Rapid Response US Durable Goods Orders & Advance Economic Indicators (May 2025) The surge in durable goods orders in May was mostly driven by the Qatar Airways-Boeing deal announced during President Trump’s visit, but the small rise in core orders shows there were signs of... 26th June 2025 · 2 mins read
Australia & New Zealand Economic Outlook ANZ Outlook: Central banks to loosen further as recoveries falter Australia’s economy is struggling to gain momentum, while the recent rebound in activity in New Zealand isn’t likely to be sustained. As the lull in activity lifts spare capacity, underlying price... 26th June 2025 · 20 mins read
