UK Housing Market Data Response Land Registry Repeat Sales Index (May) May’s fall in the Land Registry’s index of house prices offset all of the previous month’s rise and confirmed the downward trend in prices on this measure. House price falls are likely to be extended... 29th June 2011 · 1 min read
UK Data Response National Accounts & Balance of Payments (Q1) There were no major changes to the overall growth picture in Q1’s National Accounts. But the economy does not appear to have been making as much progress towards rebalancing as previously appeared to... 29th June 2011 · 1 min read
Japan Data Response Retail Sales (May) & SME Confidence (Jun.) Retail sales have almost recovered to their pre-disaster level, but are unlikely to remain strong. Overall, sales are on a downward trend which is set to continue as unemployment rises and wages fall... 29th June 2011 · 1 min read
Canada Economics Weekly Rising core inflation no reason to hike interest rates The increase in the headline CPI inflation rate to an eight-year high of 3.7% in May, from 3.3%, and the pick up in the core inflation rate to a seven-month high of 1.8%, from 1.6%, predictably led to... 28th June 2011 · 1 min read
US Housing Market Update Homes at the low end of the market still most vulnerable A continuation of tight credit conditions for first-time buyers and a foreclosure pipeline full of homes bought with sub-prime loans will mean that house prices at the low end of the market will... 28th June 2011 · 1 min read
Global Markets Update Can China solve the euro-zone’s problems? Despite warm words of support from China’s leaders, there is no reason to believe that China has the ability to solve the euro-zone’s debt crisis. We estimate that China has already bought more than... 28th June 2011 · 1 min read
UK Commercial Property Chart Pack Deal activity fails to rebound All-property rental values were flat again in May. Rental values are currently around 11% below their 2008 peak. Further significant falls seem unlikely. Equally, however, we expect GDP growth to... 28th June 2011 · 1 min read
Japan Economics Weekly Japan-China trade: explaining the double deficit According to Ministry of Finance, Japan runs a trade deficit with China. However, when one looks at the trade data from a Chinese standpoint, it appears that China is also running a trade deficit with... 28th June 2011 · 1 min read
US Economics Weekly Consumers still facing a number of headwinds The sharp drop back in energy prices last week should provide a much needed boost to real consumption in the third quarter. Unfortunately, that boost from falling prices will only be temporary... 28th June 2011 · 1 min read
Asia Economics Weekly What's driving the surge in India's exports? The strength of the recent surge in India’s exports is partly a result of the rise in prices of commodities, and particularly metals. As such, we expect export growth to moderate in the coming months... 28th June 2011 · 1 min read
Europe Economics Weekly Greece edging closer to a second bail-out Developments last week suggest that the Greek Government will receive the fifth tranche of its initial bail-out package by early July. What’s more, although the finer details on the form of any... 28th June 2011 · 1 min read
UK Economics Weekly Sagging tax receipts put cracks in Plan A Last week’s public finances figures for May brought the clearest signs yet that the weakness of the economy is starting to hinder the Government’s fiscal consolidation efforts. 28th June 2011 · 1 min read
US Data Response Durable Goods Orders (May) The rebound in orders for new durable goods in May will help ease any fears that the economy is headed for a double-dip recession. Nevertheless, it doesn't change the broader picture that economic... 25th June 2011 · 1 min read
UK Commercial Property Data Response Institutional Investment in Property (Q1) & Financial Stability Report Investing institutions remained net buyers of commercial property in Q1 and, over the coming quarters, we suspect that they will continue to increase their portfolios. Elsewhere, while we do not... 25th June 2011 · 1 min read
