Emerging Europe Economics Update What might Turkey’s political crisis mean for the economy? The eruption of a high-level corruption scandal in Turkey over the past few weeks has cast a spotlight onto the country's political stability. Better governance appears to have played a key role in... 2nd January 2014 · 1 min read
Asia Economics Update Sri Lanka cuts lending rate, further cuts unlikely in 2014 The central bank of Sri Lanka (CBSL) left its deposit rate on hold today, but cut its lending rate to a new record low against a backdrop of easing inflationary pressures. Looking ahead, with economic... 2nd January 2014 · 1 min read
UK Data Response CIPS Report on Manufacturing (Dec.) December's CIPS/Markit manufacturing survey indicated that the industrial recovery has remained strong and so provided another sign that the economic recovery is the product of more than just an... 2nd January 2014 · 1 min read
Emerging Europe Economics Update December’s PMIs highlight fragile recovery Manufacturing PMIs fell across Emerging Europe last month. Russia aside, the PMI readings are still high by the standard of the past couple of years. Even so, today’s data serve as a reminder that the... 2nd January 2014 · 1 min read
Asia Economics Update PMIs suggest continued upturn across most of Asia The December PMIs for Emerging Asia point to gradually improving conditions in the region's manufacturing sectors, other than in China. New orders continued to rise nearly everywhere, suggesting... 2nd January 2014 · 1 min read
China Data Response Manufacturing PMIs (Dec.) The latest PMI surveys signal that there was a broad slowdown in manufacturing activity at the end of 2013. Most notably, activity among large firms, a recent source of strength, has turned a corner... 2nd January 2014 · 1 min read
US Data Response Durable Goods (Nov.) The better-than-consensus 3.5% m/m jump in durable goods orders in November, although partly due to a bounce back in the volatile aircraft category, suggests that fourth-quarter business investment in... 24th December 2013 · 1 min read
Asia Chart Pack Thailand ends the year in crisis Thailand heads into 2014 in political crisis. Anti-government protests that began in November have pushed the prime minister, Yingluck Shinawatra, into dissolving parliament and calling new elections... 24th December 2013 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Nov.13) The British Bankers’ Association (BBA) reported that the number of mortgage approvals for house purchase rose to a four-year high in November. However, approvals are still at a low level and we think... 24th December 2013 · 1 min read
Commodities Update Will gold come back into favour in 2014? The consensus is that the price of gold will grind lower in 2014, at best, as the support from loose US monetary policy gradually weakens. In contrast, with investor sentiment already so heavily... 23rd December 2013 · 1 min read
Canada Data Response GDP by Industry (Oct.) October's stronger-than-consensus GDP growth of 0.3% m/m suggests that activity began the fourth quarter on a solid footing. For the quarter as a whole, we now think that the economy will expand by... 23rd December 2013 · 1 min read
Middle East & North Africa Economics Update Egyptian stocks soar to post-Arab Spring high The Egyptian stock market has hit a post-"Arab Spring" high. This comes on the back of signs that the economy may finally be finding its feet as well as recent progress towards fresh elections. 23rd December 2013 · 1 min read
UK Commercial Property Chart Pack Institutions' return to the investment market continues For the third month in a row, November saw all-property rental values tick up by 0.1%m/m. Clearly these are modest gains. But rental growth should accelerate next year as a more broad-based occupier... 23rd December 2013 · 1 min read
Asia Economics Update Asian markets shrug off Fed tapering Asian financial markets took the Fed’s decision last week to taper its asset purchases under QE3 largely in their stride. Currencies fell, but not by much, while equity markets on the whole were up... 23rd December 2013 · 1 min read
Asia Economics Weekly What to expect from Asia in 2014 In this Weekly we outline our key calls for the region in 2014. Emerging Asia will remain a bright spot in the global economy, with growth set to accelerate in most economies on the back of continued... 23rd December 2013 · 1 min read
