Emerging Europe Chart Pack Central Europe shaping up well at the start of 2015 Despite concerns about deflation, a recession in Russia and sluggishness in the euro-zone, the latest data out of Central Europe have been surprisingly robust. Industrial production growth has... 25th March 2015 · 1 min read
Japan Data Response Small Business Confidence (Mar.) The surge in small business confidence in March is likely to prove short lived, as firms predict a renewed weakening in April. 24th March 2015 · 1 min read
Japan Data Response Flash Manufacturing PMI (Mar.) The second straight drop in the manufacturing PMI suggests that the recent strength in industrial activity is unlikely to last. 24th March 2015 · 1 min read
Japan Economics Weekly Shunto pay hikes still too small to lift inflation to 2% The early results from this year’s spring wage negotiations confirm that the tight labour market has boosted wage pressure. However, this year’s overall increase in labour income will likely still... 20th March 2015 · 1 min read
Latin America Economics Update Shunto pay hikes still too small to lift inflation to 2% The early results from this year’s spring wage negotiations confirm that the tight labour market has boosted wage pressure. However, this year’s overall increase in labour income will likely still... 20th March 2015 · 1 min read
UK Commercial Property Data Response Employment data (Jan/Q4) Today’s employment data offer additional encouragement for commercial landlords, adding further weight to the idea that occupier confidence is high and that there is little sign that expansionary... 18th March 2015 · 1 min read
Africa Economic Outlook A difficult year ahead A confluence of domestic and external factors will cut Sub-Saharan Africa’s economic growth in 2015 to its slowest rate this century. Low commodity prices will reduce export earnings and force fiscal... 18th March 2015 · 1 min read
UK Data Response MPC Minutes (Mar.) & Labour market (Jan./Feb.) The latest labour market figures were a bit disappointing, but there was enough good news for the Chancellor to trumpet in his Budget later today. Meanwhile, the latest MPC minutes echoed Governor... 18th March 2015 · 1 min read
Europe Economics Update Iceland’s Sedlabanki holds rates but will hike later this year Iceland’s central bank left its main interest rates on hold today as it waits to judge the outcome of the ongoing wage negotiations. But with labour market tensions growing and the Sedlabanki raising... 18th March 2015 · 1 min read
Europe Data Response German ZEW (Mar.) & Euro-zone Employment (Q4) March’s modest rise in the ZEW investor sentiment index suggests that hopes for the German economy have been tempered by worries over the effects of the Greek crisis. 17th March 2015 · 1 min read
Canada Data Response Labour Force Survey (Feb.) February's modest decline in employment and rise in the unemployment rate, to 6.8% from 6.6%, reflects the early negative effects of a downturn in the mining sector. Accordingly, this supports our... 13th March 2015 · 1 min read
Europe Economics Weekly Now is the euro low enough? The drop in the euro to a 12-year low against the US dollar should clearly provide some support to both activity and inflation in the euro-zone. But it would be wrong to think that its effects are... 13th March 2015 · 1 min read
Asia Economics Weekly Rupiah weakness is unlikely to revive Indonesia’s economy The weakness of the Indonesian rupiah is unlikely to kick-start a recovery in the country’s non-commodity export sector. For one thing, it has not left Indonesian exporters looking any more... 13th March 2015 · 1 min read
Japan Economics Weekly Overtime hours point to lingering job market slack Judging by the unemployment rate alone, the labour market is tight, vindicating the Bank of Japan’s view that price pressure has strengthened since the launch of QQE. But other measures, such as the... 13th March 2015 · 1 min read
Global Inflation Watch Inflation to bounce back, but remain low Many advanced economies will experience several months of negative headline inflation this year as a result of the plunge in oil prices, but few are at risk of a prolonged or damaging bout of... 12th March 2015 · 1 min read
Japan Data Response Consumer Confidence (Feb.) While the strong rebound in consumer sentiment in February is welcome, there are increasing signs that household inflation expectations are declining. 12th March 2015 · 1 min read
