Europe Chart Pack Economy weathering political risks The euro-zone economy still seems to be weathering the effects of political upsets and uncertainty at home and abroad well. The PMI and EC survey indicators rose in November, consistent with an... 8th December 2016 · 1 min read
Japan Data Response Economy Watchers Survey (Nov.) Today’s Economy Watchers Survey showed that current conditions are the most buoyant since 2014’s sales tax hike. However, the survey still points to a slowdown in job growth in coming months. 8th December 2016 · 1 min read
Nordic & Swiss Economics Update Decent economic growth but challenges lie ahead The Nordic and Swiss economies generally recorded positive growth in Q3 and look set to do so again in Q4. But with growth in their main trading partner, the euro-zone, set to slow and a number of... 7th December 2016 · 1 min read
Japan Data Response Labour Cash Earnings (Oct.) Wage growth picked up marginally in October but remained very weak. While wages are rising more strongly allowing for falling working hours, the tight labour market has yet to create noticeable cost... 6th December 2016 · 1 min read
US Economic Outlook Fiscal stimulus coming, but trade a wildcard Donald Trump’s unexpected election victory means that we are likely to see a major fiscal stimulus enacted in the first half of next year. As a result, we now expect GDP growth to accelerate to 2.7%... 5th December 2016 · 1 min read
UK Economics Chart Pack Little sign that the economy has slowed in Q4 Both households and businesses appear to have been undeterred by Brexit uncertainty in Q3. What’s more, the latest business surveys suggest that the economy will turn in another solid performance in... 5th December 2016 · 1 min read
Japan Data Response Consumer Confidence (Nov.) While consumer sentiment worsened in November, household inflation expectations seem to have turned the corner. 5th December 2016 · 1 min read
Canada Data Response Labour Force Survey (Nov.) The unexpected 10,700 increase in employment in November was driven entirely by gains in part-time work, while the decline in full-time jobs provided futher evidence that the economy is still... 2nd December 2016 · 1 min read
US Data Response Employment Report (Nov.) November’s employment report wasn’t perfect, with average hourly earnings contracting by 0.1% m/m, but the solid 178,000 gain in payroll employment and the drop in the unemployment rate to a nine-year... 2nd December 2016 · 1 min read
Europe Data Response Euro-zone Unemployment (Oct.) & Italian GDP (Q3) October’s euro-zone unemployment data show that the labour market recovery has regained some pace. But the rate of unemployment is still high and recent developments are consistent with pretty slow... 1st December 2016 · 1 min read
Canada Chart Pack Exporters still stuck in low growth gear The continuing sluggish performance by export-orientated manufacturers this year is another reason to believe that the Bank of Canada will reduce interest rates soon. In contrast to market... 29th November 2016 · 1 min read
Japan Data Response Unemployment, Retail Sales & Household Spending (Oct.) While the jobless rate held steady in October, the job-to-applicant ratio is approaching the record-highs from the early-1990s. However, the tighter labour market has yet to translate into a visible... 29th November 2016 · 1 min read
US Chart Pack Trump win raises prospect of fiscal stimulus Donald Trump’s election victory has raised the prospect of a major fiscal stimulus next year, at a time when the economy is already close to full employment. The subsequent surge in Treasury yields... 28th November 2016 · 1 min read
Europe Economics Weekly ECB must do more despite rising inflation expectations According to both market measures and survey measures, inflation expectations have been rising. Yet both short and longer-term inflation expectations remain undesirably low. And while the recent... 25th November 2016 · 1 min read
Australia & New Zealand Economics Weekly Is a major slowdown happening right under our noses? It’s now possible that the Australian economy didn’t grow at all in the third quarter. It may even have contracted. That would be hard to ignore, especially when jobs growth has slumped to a two-year... 25th November 2016 · 1 min read
Australia & New Zealand Chart Pack New Zealand trumps Australia The recent earthquake in New Zealand may put a small dent in activity in the near-term, but it won’t prevent the economy from growing by around 3.5% next year. In fact, the extra boost to activity... 24th November 2016 · 1 min read
