UK Housing Market Data Response BBA Mortgage Lending (Sep.) The most recent lending data from the BBA showed that the contraction in mortgage lending continued in September. With confidence in the outlook for the housing market still very weak, among lenders... 25th October 2010 · 1 min read
Japan Data Response External Trade (Sep.) Japan’s exports were broadly unchanged in the third quarter, marking an end to the string of large positive contributions to GDP growth from net trade. For now at least, consumer spending and... 25th October 2010 · 1 min read
Japan Economics Weekly Is the economy already rolling over into recession? The surge in the yen and recent weakness in the export-oriented manufacturing sector have raised concerns that Japan may already be sliding back into recession. In contrast, our view is that the near... 25th October 2010 · 1 min read
Capital Daily US economy set to slow after a respectable third quarter 25th October 2010 · 1 min read
Asia Economics Weekly Korea's growth to slow, but not for too long Q3 GDP data will be released in Korea this week and are expected to show that the economy has lost some momentum. What’s more, the upswing will probably stay on a slower track in coming quarters... 25th October 2010 · 1 min read
UK Economics Weekly Spending Review has not lessened the fiscal pain Last week’s long awaited Spending Review appeared to include a moderate watering down of the planned cuts in public expenditure over the next four years. Nonetheless, an extremely onerous fiscal... 25th October 2010 · 1 min read
Europe Economics Weekly Still battling to achieve fiscal stability Last week was characterised by fairly downbeat news on economic activity and ongoing struggles to achieve fiscal goals. Although the German business surveys remained positive, October’s fall in the... 25th October 2010 · 1 min read
US Economics Weekly Manufacturing: From leader to laggard? The manufacturing sector has been one of the few success stories in the otherwise disappointing economic recovery. But the stellar manufacturing recovery is fading so fast that there is a chance it... 25th October 2010 · 1 min read
Global Economic Outlook Structural weaknesses to keep recovery fragile The initially strong rebound in the world economy is fading as structural weaknesses come to the fore again. Many countries, particularly in the West, need to reduce debt. But others with stronger... 22nd October 2010 · 1 min read
Europe Data Response German Ifo Survey (Oct.) October’s rise in the German Ifo survey suggests that the economy is defying the global gloom for now. But while the economy should grow by 3% or more this year, we still see weaker exports prompting... 22nd October 2010 · 1 min read
UK Commercial Property Chart Pack Rental values remain stable, but strong recovery unlikely (Nov 10) All-property initial yields were flat in September, at about 6.45%. By contrast, bond yields fell and,hence, the property to bond yield spread is now back at around 350bps. With economic uncertainty... 22nd October 2010 · 1 min read
Global Markets Update What will the weaker dollar do for US corporate profits? The dollar’s slide is a welcome boost for US companies. A weaker currency not only allows exporters to gain market share and boost their margins, but also benefits those firms selling goods at home... 21st October 2010 · 1 min read
UK Economics Chart Pack Recovery built on shaky foundations (Oct 10) The consumer recovery does not seem to be based on particularly strong foundations. With real incomes falling – and likely to fall further as the fiscal squeeze hits – households are having to save a... 21st October 2010 · 1 min read
Europe Economics Update Why even Germany needs ECB support Some reporters have put recent hawkish remarks by Axel Weber, the Bundesbank’s ECB representative, down to the relative strength of the German economy. But even there, the economic outlook warrants... 21st October 2010 · 1 min read
Japan Data Response Activity Index (Aug) & Senior Loan Officer Survey The expenditure breakdown released alongside the August activity index and the detail of the Bank of Japan’s Senior Loan Officer Survey both suggest that the economic recovery is finally spreading to... 21st October 2010 · 1 min read
