Emerging Europe Economics Update Latin America inflation woes deepen Although inflation at the aggregate EM level remains fairly benign, there are big differences between the main EM regions. Inflation is fairly low in most of Emerging Asia, but is high and rising in... 27th August 2014 · 1 min read
US Chart Pack A stronger and more widespread recovery Both businesses and households have started to enjoy the fruits of an economicrecovery that appears to be becoming stronger and more widespread. A weightedaverage of the two ISM business activity... 27th August 2014 · 1 min read
Japan Data Response Small Business Confidence (Aug.) While small business confidence weakened in August, firms expect conditions to improve strongly next month. 26th August 2014 · 1 min read
Emerging Europe Economics Focus Why Turkish inflation won’t fall back as far as the CBRT expects Turkish policymakers have argued that the recent rise in inflation is a temporary phenomenon and this, in turn, has fuelled speculation in the markets that interest rates will be cut further. However... 26th August 2014 · 1 min read
Canada Data Response CPI (Jul.) & Retail Sales (Jun.) The unexpected decline in core inflation in July, to 1.7% from 1.8% in June, probably marks a turning point for the second half of this year. With labour market conditions likely to become even more... 22nd August 2014 · 1 min read
Japan Economics Weekly How much of a threat is “hollowing out”? The conventional wisdom is that Japan’s firms have increasingly shifted production facilities abroad in recent years, resulting in a “hollowing out” of the country’s domestic manufacturing sector. But... 22nd August 2014 · 1 min read
UK Economics Chart Pack Spending growth strong despite weak earnings The prospects look bright for a continued solid recovery in consumer spending. Although we do notknow yet what happened to overall consumer spending in Q2, the available data on retail sales... 21st August 2014 · 1 min read
UK Commercial Property Chart Pack A hot summer for investment transactions Investment market activity was strong again last month, with the total value of deals (£12.3bn) over June and July the highest in a two-month period for more than a decade. Notable deals in July... 21st August 2014 · 1 min read
Japan Data Response Flash Manufacturing PMI (August) The improvement in the flash manufacturing PMI in August suggests that the sector has come back to life. 21st August 2014 · 1 min read
Emerging Europe Chart Pack CEE recovery loses steam The raft of second quarter GDP data released in Central and South Eastern Europe this month showed that growth eased across much of the region. It’s tempting to interpret this as a sign that the... 20th August 2014 · 1 min read
Africa Economics Update Glimmers of hope for reform of South Africa’s labour market South Africa’s labour market rigidities have been a key constraint on economic growth over the past few years, but some recent developments have given glimmers of hope that much-needed reform can be... 20th August 2014 · 1 min read
UK Data Response MPC Minutes (Aug.) The minutes of August’s MPC meeting, revealing the first split interest rate vote since July 2011, indicate that a 2014 rate hike cannot be ruled out. But the low inflation outlook suggests the odds... 20th August 2014 · 1 min read
Emerging Markets Economics Update An anatomy of the EM slowdown Despite the recent attention given to the EM slowdown, it actually began back in 2010, and growth has been stuck at a sluggish rate for the last two years. The BRIC economies account for much of the... 20th August 2014 · 1 min read
China Chart Pack Constraints on banks, not demand, behind loan slump A record RMB2.0trn fall in bank deposits in July, which put pressure on banks’ loan-to-deposit ratios (LDRs), appears to have been the main factor behind last month’s weakness in lending. LDRs are a... 19th August 2014 · 1 min read
Emerging Europe Economics Update Russia: still struggling at the start of Q3 July’s activity data will do little to ease concerns about the outlook for Russia’s economy. Industrial production accelerated a little and agricultural production strengthened on the back of this... 19th August 2014 · 1 min read
US Data Response Consumer Prices (Jul.) The recent slowdown in the pace at which core consumer prices are rising eases some of the pressure on the Fed to start considering rate hikes, although only temporarily. 19th August 2014 · 1 min read
