UK Commercial Property Data Response RICS Construction Survey (Q1 13) The tone of the latest RICS construction survey was broadly positive. Although developers’ confidence in the prospects for property demand could not be classed as bullish, at least there are signs... 25th April 2013 · 1 min read
UK Data Response Provisional GDP (Q1) By posting a better than expected 0.3% quarterly expansion in the first quarter, the UK has comfortably avoided a triple-dip recession. As the Chart shows, the big picture is still one of broad... 25th April 2013 · 1 min read
Europe Commercial Property Update Have office property values reached a floor in Athens and Dublin? Ireland’s economy is still fragile, but occupier demand is unlikely to drop further. Thus reports of rising office values in Dublin in the first quarter may well prove a turning point. But Greek GDP... 25th April 2013 · 1 min read
Asia Economics Update Korea's export recovery is unlikely to be sustained GDP data published earlier today showed that Korea's economy picked up in Q1 on the back of robust export growth. However, the export recovery is unlikely to be sustained. With inflation set to remain... 25th April 2013 · 1 min read
Middle East & North Africa Chart Pack Egypt and the IMF: still no breakthrough Political deadlock in Egypt has placed another obstacle in the way of negotiations with the IMF. A team from the Fund left Cairo earlier this month without an agreement in place, apparently as a... 25th April 2013 · 1 min read
Capital Daily Emerging market dollar bonds likely to remain under pressure 25th April 2013 · 1 min read
Nordic & Swiss Economics Update Deleveraging in Denmark: what lessons for other Nordics? Household spending in Denmark has barely recovered since its housing bubble burst in 2007 and there appears little respite ahead for households. With rising debt now fuelling housing booms in Sweden... 25th April 2013 · 1 min read
US Fed Watch Weaker data mean the Fed is unlikely to curb QE3 yet The deterioration in the incoming economic data for March will, at least temporarily, prevent the Fed from slowing the pace of its monthly asset purchases. We anticipate that the Fed will stand pat at... 24th April 2013 · 1 min read
US Data Response Durable Goods (Mar.) The sharp decline in durable goods orders in March is another indication that, after a pretty strong first quarter, the recovery is losing momentum again. 24th April 2013 · 1 min read
Asia Chart Pack Inflation continues to fall Inflation decelerated across Emerging Asia over the past year, with the y/y rate falling further in March in most of the economies we track. Inflation is also low by historic standards. Falling... 24th April 2013 · 1 min read
Africa Economics Update Weak rand to provide limited relief for South African manufacturers Growth in South Africa’s manufacturing sector appears to have stagnated in the first quarter of 2013, but some policymakers have suggested that production could soon pick up as a weaker rand helps to... 24th April 2013 · 1 min read
UK Data Response CBI Distributive Trades Survey (Apr.) The fall in April’s CBI Distributive Trades Survey provides further reason to think that the pick-up in the consumer sector earlier this year was just temporary. With employment now falling and the... 24th April 2013 · 1 min read
Europe Data Response German Ifo Survey (Apr.) April’s fall in the German Ifo business climate indicator will add to concerns that the recovery there is starting to falter. 24th April 2013 · 1 min read
Emerging Markets Economics Update China slowdown opens the door for new EM growth stars Recent evidence of weaker economic activity in China and falling global commodity prices supports our view that overall emerging market (EM) growth will disappoint in the years ahead. But while... 24th April 2013 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Mar. 13) According to the BBA, the number of mortgages approved for house purchase ticked up in March. Alongside other Government support, the extension to the Funding for Lending Scheme will help approvals... 24th April 2013 · 1 min read
UK Economics Update Limited reforms to FLS don't transform the lending outlook Today’s modifications to the Funding for Lending Scheme should make it a more effective tool in reducing the cost of loans for small companies. But with banks undercapitalised and the demand for... 24th April 2013 · 1 min read
