UK Commercial Property Focus Is Manchester property a good bet? Growing numbers of investors appear to be looking beyond London and other prime markets, and for many Manchester seems to be a key target. Our top-down analysis suggests that the prospects for rents... 23rd October 2013 · 1 min read
Canada Data Response Retail Sales (Aug.) The moderate increase in August retail sales volumes, after earlier reports showing unimpressive wholesale and manufacturing figures for that month, suggest that the economy might have struggled to... 22nd October 2013 · 1 min read
Asia Chart Pack Growth remains weak despite signs of global recovery Growth in Emerging Asia has continued to slow, despite signs of recoveryelsewhere in the global economy. Our GDP Tracker, which uses monthly dataon output and expenditure, suggests regional output is... 22nd October 2013 · 1 min read
Global Economics Focus Will the Fed’s “exit” stifle the global recovery? Since May this year, when US bond yields started to rise, market participants have been concerned about the implications for the global recovery of the Fed scaling back its policy support. In our view... 22nd October 2013 · 1 min read
Canada Data Response Retail Sales (Aug.) The moderate increase in August retail sales volumes, after earlier reports showing unimpressive wholesale and manufacturing figures for that month, suggest that the economy might have struggled to... 22nd October 2013 · 1 min read
US Economics Update Monetary Indicators Monitor (Sep 13.) Our M3* measure of broad money, which replicates the series discontinued by the Fed, continued to grow at a healthy annual rate of nearly 6% in September. But the longer the Fed delays the tapering of... 22nd October 2013 · 1 min read
US Data Response Employment Report (Sep 13.) Despite the further decline in the unemployment rate to a five-year low of 7.2% in September, from 7.3%, the disappointing 148,000 increase in non-farm payrolls last month will reinforce market... 22nd October 2013 · 1 min read
UK Commercial Property Data Response RICS Construction Survey (Q3 13) Today's RICS Construction Survey had a distinctly positive tone, with both residential and commercial property activity reported to have risen strongly in Q3. This points to developers having... 22nd October 2013 · 1 min read
UK Housing Market Update How significant is October's jump in asking prices? Despite some of yesterday's headlines, London aside, October's jump in asking prices was not exceptional. But the data highlight the risk that, even if Help to Buy fails to boost transactions, it may... 22nd October 2013 · 1 min read
Japan Data Response Senior Loan Officer Survey (Q3) The BoJ’s Senior Loan Officer Survey shows that household loan demand remains very strong. Corporate loan demand is weaker but record low lending rates and an ongoing easing in lending standards... 22nd October 2013 · 1 min read
UK Data Response Public finances (Sep.) Although the economic recovery has taken its time to come though in the fiscal numbers, September’s public finances data suggested that the Exchequer is now reaping the rewards of a stronger economy... 22nd October 2013 · 1 min read
Emerging Markets Economics Focus Is a debt problem brewing in emerging markets? Having been spectators to the credit crisis that has gripped the developed world since 2008, debt problems now seem to be building in several major EMs. There are good reasons to think that the... 22nd October 2013 · 1 min read
Africa Economics Update Debut dollar bond issues still likely to go ahead The prospect of monetary policy staying looser for longer than initially expected in the US has left open a window for potential bond issues in Africa. We still expect a number of countries in the... 22nd October 2013 · 1 min read
Capital Daily Fiscal uncertainty may not stop Fed from tapering QE3 in December 22nd October 2013 · 1 min read
Latin America Economics Update Is Mexico losing its fiscal discipline? Plans to run a substantially wider budget deficit in 2014 have raised concerns that the Mexican government is losing fiscal discipline. But while a spending splurge is a major risk to an otherwise... 21st October 2013 · 1 min read
