US Economics Update Healthcare hiring & spending spree has further to run The strength of healthcare employment and spending growth is because the sector is still recovering from the pandemic and also thanks to the jump in Affordable Care Act (ACA) enrolments. Employment... 23rd May 2024 · 4 mins read
Europe Economics Update Q1 wage data a concern for the ECB We don’t think the pick-up in euro-zone negotiated wage growth in Q1 will stop the ECB from cutting interest rates in June. But the continued strength of pay pressures reduces the chance of the ECB... 23rd May 2024 · 3 mins read
Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (May 2024) Our Australia & New Zealand Chart Pack has been updated with the latest data and our analysis of recent developments. The latest data indicate that capacity pressures have continued to ease, a trend... 22nd May 2024 · 1 min read
US Chart Pack US Chart Pack (May 2024) The slight easing of inflationary pressures in April and softer activity data are consistent with the Fed cutting interest rates in September. Although it is taking a little longer than expected, we... 21st May 2024 · 1 min read
Japan Chart Pack Japan Chart Pack (May 2024) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. While the economy has only narrowly avoided a recession, activity should rebound over coming... 20th May 2024 · 1 min read
UK Economics Weekly Will inflation be below 2% for the first time in 3 years? Next Wednesday’s release of April’s CPI inflation data could prove momentous if we’re right in thinking that inflation fell from 3.2% in March to below the 2.0% target for the first time in three... 17th May 2024 · 9 mins read
Japan Economics Weekly Weak activity won’t forestall BoJ tightening On the Bank of Japan's favoured measure, spare capacity has remained tight across the economy despite the recent weakness of GDP - which this week's data confirmed extended into Q1. That's another... 17th May 2024 · 7 mins read
Australia & New Zealand Economics Weekly Government leaves RBA to go it alone Contrary to the claims made by Treasurer Jim Chalmers, measures in the 2024/25 Budget will do little to alleviate price pressures. That means the onus of bringing inflation under control will fall... 17th May 2024 · 4 mins read
Australia & New Zealand Rapid Response Australia Labour Market (Apr. 2024) 16th May 2024 · 2 mins read
Global Economics Chart Pack Global Economics Chart Pack (May 2024) Our Global Economics Chart Pack has been updated with the latest data and our analysis of recent developments. The latest data suggest that activity in Europe picked up at the start of this year, and... 15th May 2024 · 0 mins read
Australia & New Zealand Rapid Response Australia Wage Price Index (Q1 2024) 15th May 2024 · 2 mins read
UK Economics Rapid Response UK Labour Market (Mar. 2024) While the further easing in regular private sector pay growth in March suggests that wage pressures faded a bit faster than the Bank of England expected, broader measures of wage growth are probably... 14th May 2024 · 3 mins read
Australia & New Zealand Economics Update RBNZ to cut rates more aggressively than most expect We expect the RBNZ to leave policy settings unchanged at its meeting next week. Although the domestic economic backdrop is clearly weak, lingering risks around inflation persistence means policy... 14th May 2024 · 6 mins read
Europe Chart Pack Europe Chart Pack (May 2024) The latest data are consistent with our view that the euro-zone will grow only slowly in the coming quarters. With the labour market softening and inflation continuing to fall, the ECB has signalled... 9th May 2024 · 1 min read
Australia & New Zealand Economics Update Inflationary pressures in the labour market set to chill All signs are that unit labour cost growth in New Zealand will plummet in the coming quarters. Coupled with subdued domestic demand, that should feed through to lower non-tradables inflation in short... 9th May 2024 · 5 mins read
