Europe Economics Update Will Hollande reverse the trend in French unemployment? Time is running short for President François Hollande to fulfil his vow to reverse the trend of rising French unemployment by the end of 2013. Despite the recent improvement in the business surveys... 6th August 2013 · 1 min read
Canada Data Response International Merchandise Trade (Jun.) June's 1.5% m/m rebound in export volumes and further contraction in imports are further evidence that the economy lost momentum in the second quarter. This supports our view that the economy grew by... 6th August 2013 · 1 min read
US Data Response International Trade (Jun.) The unexpectedly severe narrowing in the monthly external trade deficit to a near four-year low of $34.2bn in June, from $44.1bn, suggests that second quarter GDP growth was significantly stronger... 6th August 2013 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Jun.) Although it is too soon to be sure, CoreLogic house price index for June brought some tentative evidence that the moderation in the pace of house price gains that we are anticipating in the second... 6th August 2013 · 1 min read
Europe Data Response Italian Flash GDP (Q2) & Industrial Production (Jun.) Q2’s flash GDP release suggested that Italy’s deep recession is gradually easing. But an imminent and sustained period of growth still looks too much to hope for. 6th August 2013 · 1 min read
UK Commercial Property Update Could all-retail rents begin to rise this year? The continued improvement in consumer-related economic indicators clearly bodes well for retail property rents, with the recent lack of new development raising the scope for hotspots to emerge outside... 6th August 2013 · 1 min read
UK Data Response Industrial Production (Jun 13.) June’s surge in industrial production was the most convincing sign yet that the sector is sharing in the recovery already underway in the rest of the economy. While industry will struggle to replicate... 6th August 2013 · 1 min read
UK Housing Market Data Response Halifax House Prices (Jul.) Halifax reported that house prices rose by a sturdy 0.9%m/m in July, which helped the annual rate to a three-year high. But with house prices already overvalued, the gains are worryingly reliant on... 6th August 2013 · 1 min read
UK Data Response BRC Retail Sales Monitor (Jul.) The strong expansion in July’s BRC measure of retail sales suggests that the consumer recovery continued apace at the start of the third quarter. But falling real earnings and lacklustre job growth... 6th August 2013 · 1 min read
Emerging Markets Economics Update EMs likely to tread carefully with energy subsidy reform High global energy prices have contributed to rising subsidy spending across much of the emerging world. Some EMs have already started to cut back on subsidies. But fears of inflation and civil unrest... 6th August 2013 · 1 min read
Japan Chart Pack Recovery entering a slower phase Japan’s economy likely continued to grow at a solid pace in the second quarter of the year, even though the recent wide divergence between various measures of consumer spending raises question marks... 6th August 2013 · 1 min read
Asia Economics Update Australia to keep policy loose as mining boom cools The Reserve Bank of Australia (RBA) cut its cash rate by 25bp to 2.5% at its meeting today. It is likely to keep rates very low over the next two years to support the economy through a mining slowdown... 6th August 2013 · 1 min read
Europe Economics Focus Has Ireland really found the escape route? Ireland has been widely hailed as a “poster boy” for the euro-zone’s austerity driven crisis response. But the major challenges still facing the economy undermine the view that the country has forged... 5th August 2013 · 1 min read
Europe Economics Update Denmark to drag itself out of property slump The Danish property market, at the heart of the country’s long slump, is on the mend. This suggests that the economy is finally turning a corner, but the recovery in both house prices and the wider... 5th August 2013 · 1 min read
UK Economics Chart Pack Recovery still developing momentum (Aug) The run of generally good economic news continues. In view of the economy’s recent performance, we have raised our forecast for GDP growth this year from 0.2% to 0.8% (although we have left our... 5th August 2013 · 1 min read
