Europe Data Response Euro-zone Industrial Production (Aug.) August’s rise in euro-zone industrial production suggests that, for now at least, the sector is continuing to prop up the wider recovery. But this is unlikely to last. 13th October 2011 · 1 min read
UK Data Response Labour Market Data (Aug./Sep.) The latest news on the labour market confirmed that the downturn in the economy is having an increasingly adverse impact on both employment and wages growth. 13th October 2011 · 1 min read
Emerging Europe Economics Update Emerging Europe's external financing risks still high The view that Emerging Europe is not as vulnerable to an external financing crisis as in 2008/09 appears misplaced. Although current account deficits have, in most cases, narrowed sharply, total... 13th October 2011 · 1 min read
Europe Commercial Property Update Ireland's strong economic growth has yet to revive occupier demand Ireland’s robust rebound in economic output so far this year does not appear to have meaningfully improved the health of Dublin’s commercial property occupier markets. Although rents may now have... 13th October 2011 · 1 min read
Japan Data Response Machinery Orders (Aug.) Core machinery orders shot up in August, reversing their decline in July. Despite the month-on-month volatility, the trend is clearly upwards and orders should continue to grow. Nonetheless, they... 13th October 2011 · 1 min read
China Economics Update Inflation Monitor (Sep.) We think consumer price inflation probably rebounded a touch last month, but still expect it to drop below 5% by the end of the year. As it does, policymakers are likely to start loosening controls on... 13th October 2011 · 1 min read
Global Markets Update Euro still likely to slide further The dollar’s recovery against the euro may have paused but the outlook for the European single currency remains poor. The relative prospects for monetary policy and the risks of a renewed escalation... 12th October 2011 · 1 min read
Asia Economics Update Indonesia changes course on interest rates Bank Indonesia (BI) unexpectedly cut its reference rate by 25bp to 6.5% today. We expect difficult economic conditions in the developed economies and falling inflation in Indonesia to bring more... 12th October 2011 · 1 min read
Canada Economics Update Further signs of over-building September’s annualised housing starts of 205,900, combined with upward revisions to July and August, indicates that third quarter housing investment grew more strongly than we had expected. However... 12th October 2011 · 1 min read
UK Data Response Ind. Production (Aug.) & BRC Retail Sales Monitor (Sep.) August’s industrial production figures provided yet more evidence that the recent turmoil in financial markets and slowdown in the global economic recovery have taken their toll on the manufacturing... 12th October 2011 · 1 min read
UK Housing Market Data Response RICS Housing Market Survey (Sep) The RICS Housing Market Survey suggests that the market remained in limbo in September. In particular, there was nothing in the survey to provide hope that the recent rise in mortgage approvals was... 12th October 2011 · 1 min read
China Economics Update Renminbi on the move again The renminbi’s rapid gains in recent days should have quashed speculation that the People’s Bank has reintroduced a dollar peg. China is likely to come under significant external pressure to keep the... 12th October 2011 · 1 min read
Capital Daily What should we make of China's purchases of bank shares? 12th October 2011 · 1 min read
Middle East & North Africa Data Response Egypt Consumer Prices (Sep.) September’s data show that a sharp fall in food price inflation helped to offset a rise in Egypt’s house price inflation. Accordingly, headline inflation fell for the fourth consecutive month... 11th October 2011 · 1 min read
Emerging Europe Economics Update Polish elections reassuring but slowdown ahead Victory for the governing Civic Platform Party in yesterday’s parliamentary elections in Poland will be welcomed as a sign of business as usual by the markets. But with external headwinds building and... 11th October 2011 · 1 min read
