Latin America Economics Update Mexico: still no rush to tighten June’s IMEF surveys suggest that the Mexican economy picked up a little pace in the second quarter of this year. Nonetheless, growth remains sluggish compared to the rest of the region and with the US... 6th July 2011 · 1 min read
Japan Data Response Services PMI (Jun.) & Labour Cash Earnings (May) The recovery in the services sector has not been as strong nor as quick as in the manufacturing sector. Momentum is fading as we enter Q3, but firms are optimistic that reconstruction efforts will... 6th July 2011 · 1 min read
UK Data Response CIPS/Markit Report on Services (Jun.) June’s UK CIPS/Markit report on services suggested that the recovery in the biggest part of the economy has regained a little momentum. But growth in the sector, and indeed the economy as a whole... 6th July 2011 · 1 min read
Europe Economics Update Swedish Riksbank hikes rates and signals more to come The Swedish Riksbank once again raised interest rates and reiterated that it expects more to come. While we expect further hikes in the short term, we think that the pace of monetary tightening will... 6th July 2011 · 1 min read
Nordic & Swiss Economics Update Swedish Riksbank hikes rates and signals more to come The Swedish Riksbank once again raised interest rates and reiterated that it expects more to come.While we expect further hikes in the short term, we think that the pace of monetary tightening willbe... 5th July 2011 · 1 min read
Asia Economics Weekly Manufacturing growth to slow, but not sharply Manufacturing output across Emerging Asia is likely to grow at a sluggish pace in the near term given the weakness in global demand. However, output and orders continue to rise in most countries in... 5th July 2011 · 1 min read
Commodities Chart Pack Supply separates the wheat from the sugar Commodity prices continued to fall in June. But while concerns about demand were the main driver in May, last month saw attention shift to the prospects for supply. This explains the divergence... 5th July 2011 · 1 min read
BoE Watch Discussion turning to QE2 Inflation fell sharply in most countries in the region last month, due in large part to a surprise drop in food prices. This appears to have been driven by one-off factors relating to the outbreak of... 5th July 2011 · 1 min read
Emerging Europe Economics Update Czech Republic: Retail sales disappoint Today’s retail sales data for the Czech Republic continue to point to subdued domestic demand and the likelihood of only modest economic growth over the next couple of years. With fiscal consolidation... 5th July 2011 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (June) Today’s PMI showed that the pace of the recovery in construction activity moderated in June. In essence, resilience in the civil engineering and commercial property sectors was enough to offset a... 5th July 2011 · 1 min read
Middle East & North Africa Data Response Saudi Arabia HSBC/Markit PMI (June) June’s PMI data suggest that Saudi Arabia’s economy is in something of a sweet spot at present, with output in the non-oil private sector picking up pace and inflation pressures starting to ease a... 5th July 2011 · 1 min read
Japan Economics Weekly A closer look at the Tankan The Tankan confirmed that Japanese business conditions deteriorated in Q2, but more importantly that they are likely to improve, albeit only slightly, in Q3. As the initial disruption from the... 5th July 2011 · 1 min read
UK Economics Weekly Tough times on the high street Last week brought news of a string of collapses among well-known retailers. Meanwhile, even the relative winners on the high street are having to work harder to gain sales, with discounting reportedly... 5th July 2011 · 1 min read
