Canada Data Response Consumer Price Index (Sep.) September's slightly weaker than expected core inflation reading is consistent with the increase in economic slack over the past year. With the Bank of Canada's export-led recovery hopes likely to... 18th October 2013 · 1 min read
Europe Commercial Property Update German office occupier demand set to strengthen Third-quarter agency data show that, overall, office occupier market activity in Germany's major markets has continued to trend lower. But take-up levels remain relatively high, while the positive... 18th October 2013 · 1 min read
Global Markets Update Equities back in favour EPFR Global data reveal that ETF and mutual fund portfolio flows into emerging market (EM) equities were positive in September for the first month since February. And separate daily data from six... 18th October 2013 · 1 min read
UK Housing Market Update Is the ratio of mortgage debt to income really declining? The authorities are taking comfort from the fall in mortgage debt as a share of disposable income in recent years. But that primarily reflects a rise in benefit payments and net interest income, as... 18th October 2013 · 1 min read
Africa Economics Update Fiscal tightening to weigh on near-term growth in Zambia The fiscal tightening entailed in Zambia's budget for 2014 means that economic growth is likely to slow over the next year or so. Nonetheless, despite the overall cut in expenditure, public investment... 18th October 2013 · 1 min read
UK Economics Chart Pack Income squeeze not stopping people from spending The consumer recovery remains on track. Consumer confidence is still rising and the housing market will receive a fillip from the second stage of the Help to Buy Scheme. Admittedly, it will be a while... 18th October 2013 · 1 min read
China Economics Update As good as it gets? Today’s GDP data were squarely in line with expectations. The more interesting development was the slowdown in infrastructure investment in September amid broader signs that the momentum of the... 18th October 2013 · 1 min read
Latin America Economics Update Chile cuts rates as economic slowdown takes hold While the timing of last night’s interest rate cut in Chile was a little unexpected, it nonetheless confirms our long-held belief that the central bank would begin trimming its benchmark rate by the... 18th October 2013 · 1 min read
Latin America Economics Update Weak activity data point to another Mexican interest rate cut The continued disappointing performance of the Mexican economy makes it is increasingly likely that last month’s interest rate cut was not a one-off. We have now pencilled in a 25bp reduction to 3.5%... 17th October 2013 · 1 min read
Energy Watch Constrained supply keeping oil prices high Oil prices have been lifted again by hopes of stronger demand and by disruption to supply in the Middle East, but we do not expect these supports to be sustained. The return of supply, currently being... 17th October 2013 · 1 min read
Emerging Markets Economics Chart Pack Calm returns, for now The past month has brought signs of stabilisation across the emerging world. EM financial markets largely shrugged off concerns over a possible US default and regained some of their lost ground... 17th October 2013 · 1 min read
Global Markets Update Debt-ceiling crisis has done lasting damage The lukewarm market reaction to the end of the US government shutdown and the suspension of the debt ceiling can largely be explained by the fact that the chances of default were already assumed to be... 17th October 2013 · 1 min read
US Economics Update Don't expect a flood of economic reports It will be some weeks yet before all of the economic data releases that were postponed during the government shutdown are published. As the shutdown will have severely delayed the collection process... 17th October 2013 · 1 min read
Emerging Europe Economics Update Economic recovery remains uneven The latest economic data from Emerging Europe shows that, while growth in the region as a whole is accelerating, the recovery remains extremely uneven. In Poland, GDP growth seems to have picked up... 17th October 2013 · 1 min read
Europe Economics Update Long German coalition talks won't cause much change While the struggle to form a new German Government looks set to continue for another month, this does not mean that major change is afoot. Angela Merkel might make some concessions on a national... 17th October 2013 · 1 min read
