UK Data Response Provisional GDP (Q2) The first estimate of GDP in Q2 confirmed that the UK recovery is picking up pace. While there are still significant obstacles to overcome before a strong and sustained recovery is in sight, the... 25th July 2013 · 1 min read
Asia Economics Update Faster growth reduces the need for rate cuts in Korea Data released today show that Korea’s economy picked up in Q2 on the back of stronger consumption and investment. Although low inflation means policymakers still have scope to cut interest rates, with... 25th July 2013 · 1 min read
Europe Data Response German Ifo Survey (Jul.) July’s small rise in the German Ifo added to evidence that the economy is gathering momentum, but the recovery is likely to be relatively modest. 25th July 2013 · 1 min read
Asia Economics Update New Zealand rates to remain low Despite worries that the housing market may be showing signs of overheating, the Reserve Bank of New Zealand (RBNZ) kept its policy rate unchanged at 2.5% today. We expect the cash rate to remain on... 24th July 2013 · 1 min read
Emerging Europe Economics Update EM inflation turns around, but big pick-up unlikely Emerging market inflation rose last month, but the combination of soft core price pressures and falling global food price inflation means that any further increases are likely to be limited. 24th July 2013 · 1 min read
Global Economics Update Manufacturing recovery remains uneven Preliminary manufacturing PMIs for July, released by Markit today, reveal that the slowdown in Chinese manufacturing is offsetting better news from the euro-zone, where activity may finally be... 24th July 2013 · 1 min read
US Fed Watch Fed not quite ready to begin QE tapering There is only a remote chance that the Fed will make any major changes at the upcoming two-day FOMC meeting, which concludes next Wednesday (31st July), waiting instead until September to begin... 24th July 2013 · 1 min read
US Housing Market Data Response New Home Sales (Jun 13.) The strong rise in new home sales in June means that the housing market has come through its first major test of higher mortgage rates unscathed. 24th July 2013 · 1 min read
Africa Economics Update South Africa: downside inflation surprise unlikely to last South African inflation unexpectedly slowed in June, as muted demand pressures more than offset the effects of a weak rand. Nevertheless, we still expect inflation to accelerate in the coming months... 24th July 2013 · 1 min read
UK Data Response CBI Industrial Trends Survey (Jul. & Q3) Although the Monetary Policy Committee left interest rates and quantitative easing unchanged at new Governor Mark Carney’s first meeting today, it took the first step towards introducing some sort of... 24th July 2013 · 1 min read
Emerging Europe Economics Update Markets recovering from June’s sell-off Financial markets across Emerging Europe have recouped some of their losses from the sell-off last month. Looking ahead, we see some scope for gains in the region’s equities and currencies over the... 24th July 2013 · 1 min read
UK Commercial Property Data Response RICS Construction Survey (Q2 13) The balance of surveyors reporting rising workloads in the private commercial and industrial sub-sectors of the construction industry hit a four-and-a-half year high in the second quarter. This... 24th July 2013 · 1 min read
Commodities Update China weakening, euro-zone stabilising Flash PMIs for China and the euro-zone, released this morning, have continued to diverge. China’s manufacturing index fell unexpectedly to its lowest level since last August, but the euro-zone... 24th July 2013 · 1 min read
Middle East & North Africa Chart Pack Egypt in turmoil (again) Egypt’s “second revolution” has made the outlook for the Arab world’s most populous nation highly uncertain. The economy is already extremely fragile – growth is sluggish, unemployment is high and the... 24th July 2013 · 1 min read
Asia Chart Pack Bottoming out? Growth in Emerging Asia, which has slowed sharply since the start of the year, may have bottomed out. According to our GDP Tracker, which uses monthly data for output and expenditure, regional GDP... 24th July 2013 · 1 min read
