UK Economics Chart Pack End of real wage squeeze boosts spending Prospects still look bright for further solid growth in consumer spending. Admittedly, weaker growth in house prices and the looming prospect of interest rate hikes may soon dampen consumers’ spirits... 20th November 2014 · 1 min read
US Economics Update This holiday shopping season could be the best in nine years Regardless of what happens on Black Friday, other more useful indicators suggest that this holiday shopping season could be the best in nine years. 20th November 2014 · 1 min read
Middle East & North Africa Economics Update Egypt’s tourism sector finally on the mend Egypt’s tourism sector has turned the corner in recent months and, if this improvement can be sustained, we estimate that it might result in additional revenues of as much as $3.3bn (1.2% of GDP) over... 20th November 2014 · 1 min read
US Housing Market Data Response Existing Home Sales (Oct.) The sixth increase in seven months took existing home sales to within a whisker of their pre-taper high in October. Existing home sales are benefitting from the decent labour market recovery and the... 20th November 2014 · 1 min read
Global Economics Update PMIs point to slightly slower global growth Today’s flash manufacturing PMIs suggest that the world economy is not growing as rapidly as it was in the third quarter. Nonetheless, the slowdown has been more gradual than many commentators have... 20th November 2014 · 1 min read
Europe Economics Focus Will lower oil prices end Norway’s long boom? Norway has been one of the strongest growing economies of the developed world over the last decade. But with households buckling under high debt burdens and lower oil prices set to exacerbate the... 20th November 2014 · 1 min read
US Data Response Consumer Prices (Oct.) October’s consumer prices data go some way to underlining that price deflation in the US economy is confined to the energy sector. That said, we wouldn’t be surprised if some of the recent fall in... 20th November 2014 · 1 min read
Emerging Markets Economics Chart Pack Lower commodity prices bring mixed news for EMs Recent falls in commodity prices have left some emerging market (EM) economies in a tailspin. The S&P GSCI, an index of commodity prices, has fallen by more than 20% since its June peak, largely due... 20th November 2014 · 1 min read
Africa Economics Update South Africa holds rates, but signals tightening on the way The Reserve Bank of South Africa left interest rates on hold at 5.75% today, but Governor Kganyago made it fairly clear that he expects monetary policy to tighten next year. A sluggish domestic... 20th November 2014 · 1 min read
Emerging Europe Data Response Polish Industrial Production (Oct.) The slowdown in Polish industrial production growth in October was disappointing and contradicts the improvement in the survey data for that month. However, it seems unlikely that these data will... 20th November 2014 · 1 min read
Europe Economics Update Weaker Portuguese exports show need for more reform The renewed slowdown in the growth of Portuguese exports in recent quarters has underlined the need for the country to implement further decisive reforms in order to lift growth from the anaemic rates... 20th November 2014 · 1 min read
Emerging Europe Economics Update Turkish MPC reiterates concerns about inflation The accompanying statement to today’s Turkish MPC meeting, at which interest rates were left unchanged, once again suggested that the Council remains concerned about the poor inflation outlook. This... 20th November 2014 · 1 min read
Commodities Update PMIs point to subdued commodity demand Falls in the flash PMIs for China and the euro-zone do not bode well for commodity prices. Activity indicators were weak in both regions, suggesting downward pressure on the prices of industrial... 20th November 2014 · 1 min read
Europe Data Response Norwegian GDP (Q3) Q3’s reasonably solid gain in GDP maintained Norway’s position as the strongest of the Nordic economies. But signs of weaker household spending and the likely negative effects of lower oil prices... 20th November 2014 · 1 min read
UK Commercial Property Chart Pack Industrial and South East office rents go from strength to strength All-property rental values grew by 0.3%m/m in October, boosting the annual growth rate to 2.7%, its highest level since April 2008. Of particular note in October was that Rest of South East office... 20th November 2014 · 1 min read
