UK Economics Update Looser labour market may reduce foreign-born employment Foreign-born workers have been entirely responsible for the post-pandemic recovery in employment. But a gradual rise in labour market participation and a moderation in net migration may mean the share... 25th April 2024 · 5 mins read
Japan Chart Pack Japan Chart Pack (Apr. 2024) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. (Please ignore the previous email which linked to the February Chart Pack) The latest activity data... 24th April 2024 · 1 min read
Global Economics Update PMIs point to rebound in activity in most DMs in Q2 The latest flash PMIs suggest that GDP growth picked up in most advanced economies at the start of Q2. But stronger services activity risks keeping price pressures elevated in some DMs. 23rd April 2024 · 2 mins read
Australia & New Zealand Economics Weekly Interest rate purgatory to continue for a while Much to the RBNZ's chagrin, inflation in New Zealand continued to have a four handle last quarter. The main culprit was non-tradables inflation, which remained uncomfortably high, at 5.8%. With the... 19th April 2024 · 5 mins read
US Chart Pack US Chart Pack (Apr. 2024) The recent upturn in activity and employment growth and the resilience of core inflation suggest that the Fed won't start cutting interest rates until later this year. But although it is taking a... 18th April 2024 · 1 min read
Europe Economics Focus German manufacturing: from growth driver to drag Germany’s manufacturing sector has been in relative decline since around 2017. We think it will continue to shrink in the coming years and expect productivity growth in the sector to remain relatively... 18th April 2024 · 8 mins read
Australia & New Zealand Rapid Response Australia Labour Market (Mar. 24) The modest rise in unemployment last month doesn’t change the bigger picture that Australia’s labour market is firing on all cylinders. That being the case, the RBA will be in no rush to pivot to... 18th April 2024 · 2 mins read
UK Economics Update Rise in job vacancies a bigger worry than fall in employment As the plunge in employment in Q1 is probably a response to the recession last year, employment will probably soon rebound now that the economy is growing again. The real risk is a rebound in job... 16th April 2024 · 3 mins read
UK Economics Rapid Response UK Labour Market (Feb. 2024) The sharp fall in employment and the jump in the unemployment rate in February suggest that wage growth will continue to slow even though the pace of decline appears to have eased. As long as that’s... 16th April 2024 · 3 mins read
Australia & New Zealand Economics Update Productivity malaise may last until end of this decade Weak capital spending is a key reason for Australia’s poor productivity performance. While investment growth has been strong recently, we think it will take until the second half of this decade before... 15th April 2024 · 4 mins read
Global Economics Chart Pack Global Economics Chart Pack (April 2024) Our Global Economics Chart Pack has been updated with the latest data and our analysis of recent developments. The latest data indicate some improvement in economic activity, particularly for industry... 12th April 2024 · 0 mins read
Australia & New Zealand Economics Weekly RBNZ still on track to cut rates in August Although the RBNZ toned down its hawkish bias at its meeting this week, markets seem to be worried the Bank will take its cue from the Fed and keep rates higher for longer. However, with domestic... 12th April 2024 · 5 mins read
Japan Economics Weekly FX intervention looking increasingly likely With the yen hitting a fresh multi-decade low against the dollar this week, the Ministry of Finance is signaling a growing likelihood of intervention in the foreign exchange markets. However, the Bank... 12th April 2024 · 7 mins read
Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (Apr. 2024) Our Australia and New Zealand Chart Pack has been updated with the latest data and our analysis of recent developments. The minutes of their most recent meetings revealed that the RBA and the RBNZ... 11th April 2024 · 1 min read
