US Economics Update Rise in dollar against the yen to hit automakers most The recent strengthening of the dollar against the Japanese yen is unlikely to put a major dent in US inflation or activity. What’s more, the competitiveness of US manufacturers may not be eroded too... 15th May 2013 · 1 min read
Emerging Europe Economics Update Russian interest rate cuts to come soon While central banks across much of the emerging world are cutting interest rates, high inflation prevented the Central Bank of Russia from doing so today, in spite of the weakness of the economy... 15th May 2013 · 1 min read
Japan Economics Focus Will “Abenomics” transform Japan? The election of a new government under Prime Minister Abe has certainly transformed market sentiment towards Japan over the past six months. However, taking a closer look at each of the components of... 15th May 2013 · 1 min read
Canada Data Response Survey of Manufacturing (Mar.) Although manufacturing sales volumes rose by a small 0.2% m/m in March and February's gain was revised down to 1.8% m/m from 2.5% m/m, first-quarter GDP growth is still likely to accelerate to between... 15th May 2013 · 1 min read
US Data Response Industrial Production & Producer Prices (Apr.) The delayed effects of previous falls in commodity prices and signs of a further easing in industrial activity will continue to weigh on pipeline price pressures. Over the next year at least... 15th May 2013 · 1 min read
Africa Economics Update South Africa GDP Tracker suggests small pick-up in Q1 Following today’s release of retail sales data for March, the Capital Economics South Africa GDP Tracker suggests that the economy picked up a little pace in the first quarter of this year. We think... 15th May 2013 · 1 min read
Emerging Markets Economics Chart Pack Growth slowdown prompts further easing Economic activity across the emerging world looks to have moderated since the start of the year, with our GDP tracker pointing to weaker growth in Emerging Europe, Emerging Asia and Latin America... 15th May 2013 · 1 min read
UK Data Response Bank of England Inflation Report (May) The latest Inflation Report indicated that the Monetary Policy Committee (MPC) has become a bit more optimistic on the growth outlook. This, alongside its continued expectation of a further rise in... 15th May 2013 · 1 min read
Europe Economics Update Has Greece reached a turning point? The Q1 estimate of Greek GDP and the credit rating upgrade by Fitch suggests that the economy may finally be turning a corner. But we still think that the economic forecasts underpinning the rescue... 15th May 2013 · 1 min read
Asia Economics Update Malaysia’s economy to settle at a slower growth rate Today’s GDP data show that Malaysia’s economy slowed more than expected in Q1. Subdued global demand is likely to prevent a strong recovery over the coming quarters. 15th May 2013 · 1 min read
Middle East & North Africa Economics Update Oil-rich economies outperformance not ending, for now at least We are upbeat on the longer-term growth prospects for the resource-poor MENA economies compared with their oil-rich Gulf neighbours. But even though the region’s two largest economies, Egypt (resource... 15th May 2013 · 1 min read
UK Data Response Labour Market Data (Mar./Apr.) Following recent positive news on the economy, the latest UK labour market data provided something of a reality check. Admittedly, a fall in headline employment and a rise in unemployment disguised... 15th May 2013 · 1 min read
Emerging Europe Economics Update Growth stabilising, but uneven performance The raft of preliminary Q1 GDP data for Central and South Eastern Europe, released today and yesterday, suggests that, while the slowdown at the end of last year has bottomed out, growth is sluggish... 15th May 2013 · 1 min read
Europe Data Response Euro-zone GDP (Q1) Q1’s flash euro-zone GDP estimate confirmed that while the euro-zone economy performed rather better in Q1 than Q4, it remained in recession. 15th May 2013 · 1 min read
Europe Commercial Property Focus Are Polish capital values likely to plunge again? The impact of the 2009 Polish economic slowdown on commercial property prices was exaggerated by the huge boom in rents and ‘over-convergence’ of property yields that characterised the preceding few... 15th May 2013 · 1 min read
Japan Economics Update Consumer confidence falters on inflation fears Japan’s equity markets may still be gripped by euphoria, but the recovery in consumer confidence faltered in April. This coincided with a jump in inflation expectations in the wake of the Bank of... 15th May 2013 · 1 min read
