Japan Data Response Consumer Prices (national: May; Tokyo: Jun.), Unemployment & Retail Sales (May) The rebound in retail sales and the renewed decline in the unemployment rate in May confirm that the slump following the consumption tax hike was short-lived. 27th June 2014 · 1 min read
US Employment Report Preview Small firms in the driving seat Our econometric model suggests that non-farm payroll employment increased by another healthy 200,000 in June and that the unemployment rate fell to 6.2% from 6.3% in May. Meanwhile, the recent surge... 26th June 2014 · 1 min read
China Economics Update The view from the ground – Q2 2014 Business and household confidence in China took a turn for the worse this quarter, but it is not at an alarmingly low level. Meanwhile, banks are reporting a decline in loan demand, particularly from... 26th June 2014 · 1 min read
Japan Data Response Flash Manufacturing PMI (June) June's flash manufacturing PMI confirms that the economy has stabilised after the slump caused by the consumption tax hike. 23rd June 2014 · 1 min read
Europe Economics Weekly Weak wage growth adds to deflation risks Data last week revealed that euro-zone labour costs growth fell to just 0.9% in Q1, adding to evidence of deflationary pressure in the region. The fall in wage growth has not been confined to the... 23rd June 2014 · 1 min read
Emerging Markets Economics Chart Pack EMs take heart as Fed sticks to taper plan Financial conditions across the emerging world have eased in recent months, as continued policy support from central banks in the developed world has supported risk appetite. This in turn has reduced... 19th June 2014 · 1 min read
Middle East & North Africa Chart Pack Iraq crisis raises contagion fears The unfolding crisis in Iraq has cast a shadow over the region, causing equity markets to tumble. As it happens, the largest MENA economies have only limited trade and financial ties with Iraq... 19th June 2014 · 1 min read
Latin America Economic Outlook Stuck in the slow lane Latin America’s economy looks set to remain stuck in the slow lane over the next couple of years. The drivers of strong growth over the past decade – including rapid credit growth and strong global... 19th June 2014 · 1 min read
China Chart Pack FX accumulation by firms allows PBOC to step back The People’s Bank (PBOC) further reduced its foreign exchange purchases to around $6bn in May, the lowest in almost a year. Given last month’s large trade surplus, this might suggest that capital... 18th June 2014 · 1 min read
Europe Data Response German ZEW Survey (Jun.) & Euro-zone Labour Costs (Q1) June’s fall in ZEW economic expectations suggested that investors were unimpressed by recent ECB action and added to signs that the German recovery is nearing a peak. 17th June 2014 · 1 min read
US Economics Weekly Fed will focus on improving labour market GDP growth over the first half of this year could average less than 1% annualised. At the same time, however, labour market conditions have strengthened and price inflation appears to be picking up... 16th June 2014 · 1 min read
Europe Data Response Euro-zone Trade (Apr.) & Employment (Q1) April’s euro-zone trade data suggested that the strong euro continues to undermine export growth, highlighting that the ECB still has more to do to support the recovery. 13th June 2014 · 1 min read
UK Data Response Labour Market Data (Apr./May) Although employment is continuing to grow very rapidly, there still appears to be enough slack in the jobs market to prevent pay growth from picking up. 11th June 2014 · 1 min read
Japan Data Response Economy Watchers Survey & Consumer Confidence (May) The improvements in consumer confidence and the Economy Watchers Survey last month add to the evidence that the slump after the consumption tax hike is unlikely to last long. 9th June 2014 · 1 min read
Canada Data Response Labour Force Survey (May) The 25,800 rebound in employment in May wasn't quite enough to reverse fully the slightly bigger decline in the previous month and it leaves the level of employment barely higher over the past six... 6th June 2014 · 1 min read
US Data Response Employment Report (May) The robust 217,000 increase in non-farm payrolls in May is another illustration that the economy is back on the right track after the earlier weather-related weakness. 6th June 2014 · 1 min read
