US Data Response Durable Goods (Jun.) The 4.0% m/m decline in durable goods orders in June, was principally due to a sharp decline in the notoriously volatile commercial aircraft category. Otherwise, the details of the report confirm that... 27th July 2016 · 1 min read
Europe Commercial Property Update Sentiment towards Irish property takes a hit, while Hungary shines Investment sentiment toward European commercial property generally remains upbeat according to the RICS Q2 global commercial property survey. While confidence in Hungary jumped again, sentiment has... 27th July 2016 · 1 min read
UK Data Response CBI Distributive Trades Survey (Jul.) July’s CBI Distributive Trades Survey paints a fairly dismal picture of the retail sector in the days following the EU referendum. However, the survey hasn’t been an especially reliable guide to the... 27th July 2016 · 1 min read
Emerging Europe Economics Update Turkish markets start to stabilise Turkish financial markets have started to recoup some of their losses following the failed military coup earlier this month, but we think that the lira in particular is more likely to fall than to... 27th July 2016 · 1 min read
Asia Chart Pack New president of the Philippines makes encouraging start Investors in the Philippines have responded positively to the marked change inrhetoric of the country’s new president, Rodrigo Duterte. After spooking markets in the run-up to May’s presidential... 27th July 2016 · 1 min read
UK Data Response Preliminary estimate of GDP (Q2) Today’s UK GDP figures showed that growth held up well in Q2 despite the uncertainty created in the run-up to the referendum. But this appeared to be driven completely by growth in April – boding... 27th July 2016 · 1 min read
Japan Data Response Small Business Confidence (Jul.) While small business confidence rose for the second straight month in July, it still suggests that Japan’s economic recovery remains sluggish. 27th July 2016 · 1 min read
Europe Economics Update Belgium among most exposed to Brexit fallout A weaker outlook for the external sector on the back of the UK’s Brexit vote will hit Belgium’s open economy harder than most. And with consumers looking poorly placed to take up the slack, the... 26th July 2016 · 1 min read
Global Economics Update Global fallout from Brexit: one month on It is early days, but the limited data released since the EU referendum, as well as the reaction in financial markets, support our view that the economic implications of Brexit outside the UK will be... 25th July 2016 · 1 min read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q2) The latest RICS Commercial Property Survey gave fresh evidence that sentiment in the property sector has deteriorated since June’s referendum. 25th July 2016 · 1 min read
UK Data Response CBI Industrial Trends Survey (Jul. & Q3) The CBI Industrial Trends Survey for July and Q3 showed that manufacturers are not immune from the Brexit-related economic slowdown. But whether their gloominess persists now that the dust has settled... 25th July 2016 · 1 min read
Europe Data Response German Ifo Survey (July) July’s Ifo survey supported the message from the PMI that German economic activity has not yet suffered from the UK’s Brexit vote. But the dip in businesses’ expectations may suggest that a slowdown... 25th July 2016 · 1 min read
Emerging Markets Economics Chart Pack Turkey coup aside, EMs have become more stable The failed military coup in Turkey has sent local financial markets into a tailspin and re-focused investors’ attention on broader EM political risk. However, political stability in emerging markets... 22nd July 2016 · 1 min read
UK Economics Weekly One month after the referendum The economy has clearly taken a hit from the vote to leave the EU last month. Granted, sales values have held up well according to John Lewis, and the latest Bank of England Agents’ Scores were... 22nd July 2016 · 1 min read
Europe Economics Weekly Early Brexit signals provide some comfort Last week’s euro-zone and country level data releases started to lift some of the heavy fog on the initial impact of the UK’s vote to leave the EU on the currency union’s economy. The early signs are... 22nd July 2016 · 1 min read
UK Economics Update Brexit Watch: Markets keep their cool despite slowdown signs Almost a month on from the historic vote to leave the EU, some of the first indicators of the state of the economy appear to point to a marked slowdown in growth. But the prospect of policy support to... 22nd July 2016 · 1 min read
