Europe Data Response Euro-zone Unemp. & Final Man. PMI (May/Jun.) The latest data on labour market conditions and the manufacturing sector in the euro-zone confirm an overall picture of economic weakness. This provides a difficult backdrop against which European... 2nd July 2012 · 1 min read
Canada Economics Weekly Moderate consumption growth may not last We calculate that, after falling by 0.8% m/m in April, retail sales volumes rebounded strongly in May. In addition, recent employment gains and lower gasoline prices likely supported retail sales in... 29th June 2012 · 1 min read
Japan Economics Weekly Recovery stuttering to a halt The most recent data on Japan have painted a dismal picture of economic conditions in May. Industrial production has fallen sharply as auto makers cut output in anticipation of the end of the auto... 29th June 2012 · 1 min read
Europe Economics Weekly Sensible changes, but no big cure Against a background of low expectations, the changes agreed at the EU Summit to tackle several issues which threatened to inhibit the effectiveness of short-term support measures came as a pleasant... 29th June 2012 · 1 min read
Latin America Chart Pack Weaker Chinese demand starting to weigh on exports There are growing signs that falling commodity prices and weaker demand from China are starting to take their toll on the economies of Latin America. In those countries that are most dependent on... 28th June 2012 · 1 min read
Canada Data Response Survey of Employment, Payrolls and Hours (Apr.) April's payroll survey data, which showed a strong increase in average weekly earnings and a modest gain in employment, point to solid second-quarter wages and salaries growth of around 5.0%... 28th June 2012 · 1 min read
US Employment Report Preview Past the worst? Our econometric model suggests that at least some of the recent softening in jobs growth was reversed in June, with non-farm payroll employment rising by around 125,000. That would be almost twice as... 28th June 2012 · 1 min read
Europe Data Response Euro-zone EC Survey (Jun) June’s EC survey mirrors the picture from other timely indicators lately that the euro-zone is in a deepening and broadening recession. This further underlines the need for policymakers to come up... 28th June 2012 · 1 min read
UK Data Response National Accounts (Q1) & Credit Conditions Survey (Q2) The economy is still estimated to have contracted at the start of the year and it is probably still in recession now. We continue to expect GDP to shrink by 0.5% this year and expand only modestly... 28th June 2012 · 1 min read
UK Data Response MPC Minutes (Jun.) & Labour Market Data (Apr./May) June’s MPC minutes left an extension of quantitative easing (QE) within the next month or two looking even more likely. We are sticking with our forecast for another £50bn of gilt purchases at the... 20th June 2012 · 1 min read
Canada Data Response LFS(May 12) & Trade (Apr 12) May's more modest 7,700 gain in employment is forgivable given the unusually strong growth in the previous two months. That said, the details were somewhat discouraging. While part-time employment... 8th June 2012 · 1 min read
Middle East & North Africa Economic Outlook Euro crisis clouds the outlook The combination of a deep recession in the euro-zone and the Arab world’s own political turmoil will act as a drag on the region’s economies in the near term. The North African countries are likely to... 7th June 2012 · 1 min read
UK Economics Chart Pack UK remains a safe haven from euro-zone turmoil The threat to the UK from the euro-zone has continued to intensify, with concerns building about the Spanish banking system in recent days. But the UK has so far retained its safe-haven status, with... 6th June 2012 · 1 min read
US Data Response Employment Report (May) May's employment report clearly suggests that labour market conditions are deteriorating again, which will undoubtedly prompt more speculation that QE3is coming soon. Non-farm payrolls increased by... 1st June 2012 · 1 min read
Europe Data Response Euro-zone Unemp. & Final Man. PMI (Apr./May) The latest data on the state of the euro-zone labour market and manufacturing sector confirm that the economic downturn is broadening and gathering pace. This clearly further reduces policymakers’... 1st June 2012 · 1 min read
Asia Chart Pack Currencies and equities fall sharply, further falls likely Following a strong start to the year, most Asian currencies and equities fell sharply in May. The main reason is that renewed concerns over the euro-zone’s future brought a return in global risk... 31st May 2012 · 1 min read
