Middle East & North Africa Economics Update Egypt’s “second revolution” takes a heavy toll on the economy July’s PMIs suggest that the Egyptian economy has weakened further against the backdrop of the “secondrevolution”. Meanwhile, non-oil sectors in the Gulf continue to grow at a robust pace. 5th August 2013 · 1 min read
Emerging Europe Economics Update Further cuts to come in Romania The surprise decision by the National Bank of Romania (NBR) to accelerate the pace of policy easing reflects several factors, including a growing conviction that inflation will fall back by the end of... 5th August 2013 · 1 min read
UK Economic Outlook Fragile recovery finally underway Signs of life in the housing market could aid the recovery in consumer spending. But continued falls in real pay are likely to keep any near-term consumer revival subdued. 5th August 2013 · 1 min read
UK Data Response CIPS/Markit Report on Services (Jul.) With July’s CIPS/Markit measure of services activity rising to a level unseen for six and a half years, a recovery in the dominant part of the UK economy looks increasingly entrenched. While some... 5th August 2013 · 1 min read
Europe Data Response Euro-zone Final PMIs (Jul.) & Retail Sales (Jun.) July’s final PMI surveys improved the chances that the euro-zone is about to move out of recession. But the continued weakness of consumer activity adds to the doubts over the likely strength and... 5th August 2013 · 1 min read
China Economics Update Inflation Monitor (Jul 13.) Continued increases in pork and vegetable prices look likely to have driven consumer price inflation higher in July. Further rises probably lie ahead. 5th August 2013 · 1 min read
Bank of Japan Watch Waiting for the consumption tax hike The Bank of Japan will likely leave policy settings unchanged at its two-day August meeting, which concludes on Thursday. Governor Kuroda has indicated that a condition for further easing is the... 5th August 2013 · 1 min read
Canada Economics Weekly Manufacturers' struggles likely to persist Canadian manufacturing production is being hampered by sluggish foreign demand and, to a lesser extent, moderating domestic demand. While gradually improving US demand is providing much needed support... 5th August 2013 · 1 min read
Asia Economics Weekly Asia’s consumers seeing mixed fortunes For all the hype about the rise of the Asian consumer, the recent performance of consumer spending in Asia has been disappointing. The weakness is largely explained by subdued spending in the region’s... 5th August 2013 · 1 min read
US Economics Weekly Further pick-up in GDP growth expected The 1.7% annualised gain in second-quarter GDP was pretty modest, even if it did come in above market expectations. Nevertheless, most other data releases last week indicated that GDP growth is... 5th August 2013 · 1 min read
Europe Economics Weekly Draghi muddies the waters President Draghi failed to convincingly improve the ECB’s transparency last week. He added some detail to last month’s pledge that interest rates would “remain at present or lower levels for an... 5th August 2013 · 1 min read
UK Economics Weekly Catching up again? While the recovery across the pond may have softened, momentum in the UK economy seems to be building. The extent to which the UK can keep this up will be shaped by what we learn in this Wednesday’s... 5th August 2013 · 1 min read
Japan Economics Weekly Tampering with the sales tax hike carries risks China’s economy is set to slow further over coming years but we believe that the slump in growth many are now predicting will be avoided. 5th August 2013 · 1 min read
Nordic & Swiss 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
Global Economics Chart Pack Fresh signs of recovery in advanced economies The latest business surveys suggest that the recoveries in most advanced economies are gaining momentum and that the euro-zone may be edging its way out of recession. But these positive developments... 2nd August 2013 · 1 min read
