India Chart Pack Fallout from Brexit vote would be limited A vote by the UK to leave the European Union in tomorrow's referendum would be unlikely to have much impact on India's economy. Indian exports to the UK are equivalent to less than 0.5% of GDP, so... 22nd June 2016 · 1 min read
Australia & New Zealand Chart Pack Underlying inflation to remain low While GDP growth was stronger than expected in Australia and New Zealand in the first quarter, this doesn’t alter our view that underlying inflation will remain low for a while yet. The Australian... 22nd June 2016 · 1 min read
Nordic & Swiss Economics Update Will Finland’s competitiveness pact boost the recovery? Finland’s competitiveness pact probably won’t boost employment by as much as the Government hopes. But it is still a positive move that should help to lower labour costs and boost output. 17th June 2016 · 1 min read
Australia & New Zealand Data Response Australia Labour Market (May) May’s data suggest that the labour market is not too strong to prevent the Reserve Bank of Australia from cutting interest rates to 1.5% at its August meeting and not too weak to prompt it to become... 16th June 2016 · 1 min read
UK Commercial Property Data Response Employment (Apr.) In April, the pace of job creation picked up for the second consecutive month. Moreover, with vacancies still high and job creation mainly driven by full-time positions, occupier demand conditions... 15th June 2016 · 1 min read
UK Data Response Labour Market Data (Apr./May) The healthy performance of the labour market provides more evidence that growth has not slowed markedly in Q2 ahead of the looming referendum. 15th June 2016 · 1 min read
US Economics Update No evidence of labour market downturn in NFIB survey The latest NFIB survey suggests that small businesses are still intent on hiring additional workers, even though finding suitably qualified employees is getting harder. Unfortunately, small businesses... 14th June 2016 · 1 min read
US Economics Weekly Slump in payroll growth closely resembles the 2012 dip There are one or two genuine reasons to worry about the strength of the labour market. But the deeper we dig, the more we’re convinced the spring slowdown in payroll employment growth is a temporary... 10th June 2016 · 1 min read
Canada Economics Weekly Energy production other shoe to drop Despite the rebound in oil prices this year, domestic energy producers don’t appear to believe in a sustainable recovery judging by the further decline in oil & gas drilling rig activity. Falling... 10th June 2016 · 1 min read
Canada Data Response Labour Force Survey (May) While the employment gain of 13,800 in May and drop in the unemployment rate to 6.9%, from 7.1%, was better than most had expected, this was entirely due to hiring in the public sector, partly related... 10th June 2016 · 1 min read
Latin America Economic Outlook Set for a slow recovery The downturn in Latin America’s economy should bottom out over the second half of this year and economic growth should return as we move into 2017. The recession in the region’s largest economy –... 6th June 2016 · 1 min read
Japan Chart Pack Slowdown in underlying inflation should rattle BoJ Japan’s economy is holding up reasonably well despite the recent strengthening of the yen. Meanwhile, the decision to delay the sales tax hike that had been scheduled for next April has brightened the... 6th June 2016 · 1 min read
Canada Economics Weekly Consumption growth likely to slow The recent pick-up in consumer spending growth suggests at first glance that households are in a position to carry the economy once again this year. But closer examination of the underlying trends in... 3rd June 2016 · 1 min read
US Data Response Employment Report (May) The 38,000 increase in non-farm payrolls in May, which is still only 73,000 if we adjust for the 35,000 striking Verizon workers, means that a June rate hike from the Fed is now very unlikely.... 3rd June 2016 · 1 min read
Japan Economics Weekly More workers but less work While the number of people in paid employment in Japan is now the highest since 2008, hours worked have fallen to fresh lows as full-time workers have been replaced by part-time workers. With little... 3rd June 2016 · 1 min read
China Economics Update Migrant workers reveal strains across economy The latest survey on migrant workers, who are often the first to suffer when economic and labour market conditions deteriorate, confirms evidence elsewhere of weakness in key parts of the economy. And... 3rd June 2016 · 1 min read
