Europe Data Response Euro-zone Retail Sales (Dec.) & Final PMI Survey (Jan.) December’s fall in euro-zone retail sales confirmed that the consumer sector remains under strain and supported other evidence that GDP fell sharply in Q4. But January’s final PMI survey added to... 5th February 2013 · 1 min read
UK Data Response BRC Retail Sales Monitor (Jan.) January’s BRC Retail Sales Monitor suggested that retailers managed to escape relatively unscathed from the bad weather in the middle of the month. But with consumer confidence still low and real pay... 5th February 2013 · 1 min read
UK Data Response CIPS/Markit Report on Services (Jan.) January’s CIPS/Markit report on services echoed the other data released in recent days suggesting that the economy has been doing a bit better since the start of the year. But while there is tentative... 5th February 2013 · 1 min read
Latin America Economics Focus Mexico could grow at 4% despite sluggish US economy The Mexican economy is unlikely to de-couple from the neighbouring US in an absolute sense over the coming years, but it may at least decouple on a relative basis. Whereas our forecast for US GDP... 5th February 2013 · 1 min read
Africa Economics Update Is the talk of a return to "original sin" justified? Fears that some African countries are returning to a period of “original sin” - characterised by excessive borrowing in foreign currency - appear somewhat premature. External debt levels are far lower... 5th February 2013 · 1 min read
UK Economics Update Car industry shows exports can grow despite EZ malaise The UK car industry’s revival shows that it is possible for parts of the manufacturing sector to recover despite weakening demand from the euro-zone. 5th February 2013 · 1 min read
Emerging Europe Economics Update Russia: pick-up in inflation rules out near-term rate cuts Russian inflation picked up to its fastest rate since late 2011 in January, giving the Central Bank a strong argument to withstand pressure from the government to start easing policy in the face of... 5th February 2013 · 1 min read
Middle East & North Africa Economics Update Egypt's FX reserves fall below "critical" threshold The fall in Egypt’s FX reserves last month underlines the limited firepower that the authorities have to stem depreciation pressures on the pound. We think the pound could fall a further 10% or so... 5th February 2013 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Dec. 12) The US housing recovery showed no signs of slowing in the final stages of 2012. And the early signs are that these gains will be extended throughout 2013 as the economy continues its recovery. 5th February 2013 · 1 min read
Emerging Markets Economics Update Major EM regions all now reporting stronger growth The ongoing recovery in emerging world manufacturing looks increasingly broad based. The PMIs for Latin America and Emerging Asia have risen rapidly since mid-2012 and the latest figures point to a... 5th February 2013 · 1 min read
Asia Economics Update Strong and steady growth to continue in Indonesia Indonesia recorded another quarter of strong growth in Q4, with the pace of growth down only slightly from the previous quarter. Although weak global demand will remain a drag on the economy in 2013... 5th February 2013 · 1 min read
Middle East & North Africa Economics Update Egypt's economy continues to suffer amid civil unrest January’s PMI data suggest that civil unrest and political uncertainty continue to weigh heavily on activity in Egypt. By contrast, the Gulf economies are growing at a robust pace. 5th February 2013 · 1 min read
US Economics Update Banks see rebound in demand for business loans The Fed's latest Senior Loan Officer Survey (SLOS) reveals an encouraging bounce back in demand for business loans, which suggests that investment growth could accelerate over the first half of this... 4th February 2013 · 1 min read
US Housing Market Chart Pack Increased house price optimism among consumers All of the major house prices indices posted gains in November, which means that prices have risen by between 5.6% and 7.4% over the past year. Moreover, realtors and consumers have been revising up... 4th February 2013 · 1 min read
DM Markets Chart Pack Yen’s fall drives Japan’s stock market higher Dollar-denominated emerging market bonds aside, most risky assets began the New Year with a bang amid a further easing of tension in the euro-zone and broad-based signs of improvement in global... 4th February 2013 · 1 min read
