US Housing Market Data Response CoreLogic House Prices (Feb. 13) House prices rose in February, and based on short-term leading indicators they are set to post another gain in March. This supports our view that, during 2013 as a whole, prices will increase by... 3rd April 2013 · 1 min read
UK Economics Update 'Zombie' companies may not be dead yet There is growing talk about the ‘zombification’ of the UK economy, with unviable companies locking up resources and impeding bank lending to new firms. But an economic recovery could well reveal... 3rd April 2013 · 1 min read
US Housing Market Data Response Mortgage Applications (Mar. 13) While the refinancing boom is coming off the boil, we’re optimistic that mortgage applications for home purchase are in the early stages of a sustainable comeback. 3rd April 2013 · 1 min read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q1 13) Credit availability to the property sector, particularly residential mortgage credit, is still rising, helped by some lenders seeking to increase their market share. But the improvement is not as... 3rd April 2013 · 1 min read
Europe Data Response Euro-zone Flash CPI (Mar. 13) While headline euro-zone inflation fell again in March, there were some signs of a rise in core price pressures. But these are likely to prove temporary. 3rd April 2013 · 1 min read
UK Data Response Credit Conditions Survey & Housing Equity Withdrawal (Q1) The Bank of England’s latest Credit Conditions Survey indicates that the Funding for Lending Scheme is still having a positive impact on the supply and cost of credit. But even if lenders follow... 3rd April 2013 · 1 min read
Latin America Economics Update Argentina moves a step closer to default Argentina’s final offer to ‘holdout’ bondholders looks set to fall well short of the level required to reach an agreement, leaving the government closer than ever to a technical default. With the... 3rd April 2013 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Mar. 13) The tone of today’s CIPS/Markit construction PMI was downbeat. Whether we look specifically at the commercial sub-sector or the construction sector as a whole, activity has now contracted in seven of... 3rd April 2013 · 1 min read
Middle East & North Africa Economics Update Gulf economies outperforming March’s PMI data suggest that the Gulf economies’ private sectors continue to grow at a robust pace. Meanwhile, there are signs that the downturn in Egypt has deepened as FX restrictions weigh on... 3rd April 2013 · 1 min read
Japan Chart Pack Hard data continue to disappoint For all the optimism engendered by “Abenomics”, the recent hard data on Japan’s economy have been disappointing. Of course, it is too soon for the arrival of a new group of policymakers to be having... 3rd April 2013 · 1 min read
UK Economics Focus Opportunities and challenges from the "grey pound" The number of people aged 65 and over is set to increase by more than 4.5m by 2030. While this group currently accounts for less than £1 in every £5 of total spending, this share might rise to £1 in... 3rd April 2013 · 1 min read
Emerging Markets Economics Update EM manufacturing losing steam The latest PMIs suggest that manufacturing in the emerging world stuttered last month. Activity slowed further in emerging Europe and Latin America. The only region where activity accelerated was... 3rd April 2013 · 1 min read
Global Economics Update Global manufacturing still struggling The latest business surveys suggest that global manufacturing activity remained fairly weak in March, while that the gulf between US and other advanced economies remains huge. 2nd April 2013 · 1 min read
Emerging Europe Economics Update Russia Q4 GDP data old news, Q1 set to be even worse Detailed Q4 GDP data for Russia, released earlier today, confirmed what we already knew – namely that economic growth slowed to its weakest pace in three years in the final quarter of last year. More... 2nd April 2013 · 1 min read
UK Economics Update Monetary Indicators Monitor (Mar. 13) The slower growth in the broad money supply in February suggests that the previous month’s pick-up was just a blip. Meanwhile, bank lending to the private sector is still flat-lining, adding to the... 2nd April 2013 · 1 min read
