UK Commercial Property Update Deals data: a reminder that property outlook has some clouds Despite anecdotal evidence that the regions are coming back into focus, the latest commercial property transactions data suggest that London continues to take most of investors’ attention. Without... 15th August 2013 · 1 min read
Africa Economics Update South Africa: how is the wage negotiation season progressing? Agreements have now been reached in more than half of the sectors holding talks during South Africa’s current wage negotiation season. However, a lack of agreement in the mining sector means the risk... 15th August 2013 · 1 min read
Global Economics Update Latest jump in oil prices looks unsustainable Only a small part of the recent run-up in oil prices is due to the turmoil in Egypt. But whatever the reason for the latest jump in the cost of crude, the fragility of the global economic recovery and... 15th August 2013 · 1 min read
Middle East & North Africa Economics Update Saudi inflation likely to remain subdued Saudi inflation has eased over the course of this year, in spite of fairly robust domestic demand. And looking ahead we think price pressures are unlikely to become a major cause for concern. 15th August 2013 · 1 min read
Emerging Markets Economics Chart Pack Signs of improvement in China and Brazil The past month has brought some hope that economic conditions in two of the four BRICs – Brazil and China – might be improving. In China, data on trade, industrial production and investment have all... 15th August 2013 · 1 min read
Emerging Europe Economics Update Turkish growth comes with mounting risks Turkey’s economy has picked up pace over the first half of this year, but this has been fuelled by a sharprise in credit and has come at the expense of a renewed widening of the current account... 15th August 2013 · 1 min read
UK Housing Market Data Response Housebuilding (Q2) Private housing starts are increasing as builders begin to respond to the boost in demand from record low mortgage rates and the Help to Buy equity loan scheme. But with the supply response so far... 15th August 2013 · 1 min read
Asia Economics Update Rate hikes likely in Indonesia before year-end Bank Indonesia’s decision to leave interest rates on hold today does not mean the end of the tightening cycle. However, with the recent spike in inflation likely to prove temporary and the economy... 15th August 2013 · 1 min read
UK Data Response Retail Sales (Jul.) July’s rise in sales volumes to a new record high is a further promising sign that a consumer resurgence is in progress. But the pattern of sales suggests the sunny weather played an important role in... 15th August 2013 · 1 min read
Asia Economics Update Thailand's credit growth is a serious risk to the economy Thailand's private sector credit as a share of GDP has increased significantly in recent years, raising concerns about financial stability. Even if a crisis is avoided, current credit growth rates are... 15th August 2013 · 1 min read
US Economics Update Monetary Indicators Monitor (Jul.) The Fed's continuing monthly asset purchases haven't prevented a further slowdown in the growth rate of the narrow M1 monetary aggregate, although our measure of the M3 aggregate suggests that broad... 14th August 2013 · 1 min read
Japan Economics Update Options for the consumption tax Japan’s government could still decide to delay the consumption tax hike scheduled for April 2014. The damage to credibility may be lessened if the economy is clearly too weak and a sensible... 14th August 2013 · 1 min read
Global Markets Update What next for euro-zone equities? Today’s euro-zone GDP data provided a further small boost to the region’s stock markets, which have been enjoying something of a revival in the second half of 2013. However, the economic outlook in... 14th August 2013 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Jul.) The continued deceleration in house price inflation across most major cities in July is broadly consistent with the past slowdown in home sales. As demand and supply imbalances continue to intensify... 14th August 2013 · 1 min read
Commodities Update Are iron ore prices set to tumble? We expect iron ore prices to drop from around $144 per tonne currently to $110 by the end of this year and to fall further thereafter, due to escalating supply and disappointing Chinese demand. 14th August 2013 · 1 min read
