UK Data Response UK Labour Data (Jul./Aug.) The latest UK labour market figures showed that while employment is still rising strongly, cracks are appearing in the recovery. We still expect unemployment to rise to 3m or so within the next two or... 15th September 2010 · 1 min read
Latin America Economics Update Brazilian consumers shift down a gear Brazilian consumers made a weaker than expected start to Q3, adding support to our view that interest rate hikes are likely to remain off the agenda for the rest of this year. Looking ahead, while... 14th September 2010 · 1 min read
UK Economics Update Imports check net trade boost Net trade is yet to make a positive contribution to GDP growth during this recovery – in part due to particularly strong import growth. While this is partly a welcome reflection of the recovery in... 14th September 2010 · 1 min read
China Economics Update Mounting US pressure behind renminbi movement The renminbi’s latest gains appear to be a response to rising US criticism that the pace of movement in the exchange rate since June has been too slow. This reactive approach could backfire as... 14th September 2010 · 1 min read
UK Housing Market Data Response FSA Mortgage Lending Statistics (Q2) FSA lending data released late this morning will do little to lift the cloud hanging over the housing market. While arrears and possessions improved again, there were some signs that credit conditions... 14th September 2010 · 1 min read
Asia Economics Update India's Reserve Bank still likely to tighten this week Wholesale price data published today were based on a new index and probably exaggerate the easing of price pressures which is coming through. What’s more, the upswing appears to be speeding up. The... 14th September 2010 · 1 min read
Emerging Europe Economics Update Turkey stays ahead of the pack After the positive result in Sunday’s referendum on constitutional reform, Turkish markets received a further piece of good news this morning in the form of stronger than expected Q2 GDP data. In... 14th September 2010 · 1 min read
Europe Data Response German ZEW (Sep.), EZ Ind. Prod'n (Jul.) & Labour Costs (Q2) The drop in German ZEW economic sentiment in September and July’s stagnation in euro-zone industrial production confirm that the euro-zone recovery is slowing again after Q2’s strong expansion. 14th September 2010 · 1 min read
Europe Commercial Property Update Further falls in euro-zone industrial rental values are likely The fact that the euro-zone industrial recovery appears to be losing momentum does not bode well for industrial occupier demand or rental values across the region. As such, our forecasts that falls in... 14th September 2010 · 1 min read
UK Housing Market Data Response RICS Housing Survey & CLG House Prices (Aug/Jul) Much of the recent housing market data has offered conflicting signals. But the latest RICS housing market survey presents an unambiguously weak picture of both housing market activity and house... 14th September 2010 · 1 min read
US Economics Weekly Fiscal policy paralysed by bipartisan disagreement The Obama administration has released a flurry of proposals designed to stimulate the flagging economic recovery. However, the chances of any of these proposals being passed by Congress ahead of... 13th September 2010 · 1 min read
