UK Economics Update Monetary Indicators Monitor (Aug.) The pick-up in the Monetary Policy Committee’s preferred measure of money supply growth has continued to fade. With bank lending so weak, the improvement never looked likely to last. 31st August 2010 · 1 min read
Emerging Europe Economics Update Poland: solid recovery remains on track Data released yesterday show that the Polish economy grew by a stronger than expected 3.5% y/y in Q2 (up from 3.0% y/y in Q1). We have since raised our GDP forecast to 3% this year, from 2.5%... 31st August 2010 · 1 min read
UK Housing Market Data Response Mortgage Lending (Jul.) The Bank of England’s mortgage lending statistics for July showed a marginal rise in both the value and volume of mortgages approved. However, the bigger picture is still of subdued activity in the... 31st August 2010 · 1 min read
Europe Data Response Euro-zone Flash CPI (Aug.) & Unemployment (Jul.) August’s small fall in euro-zone CPI inflation confirmed that price pressures in the region are very subdued. And although unemployment has continued to edge down, this is unlikely to prompt any... 31st August 2010 · 1 min read
Asia Economics Update India is well-placed to shrug off global concerns Q2 GDP data published today were strong relative to a year ago but suggest that momentum slowed sharply in q/q annualised terms. We had expected the recent weakness but do not think that it will last... 31st August 2010 · 1 min read
Japan Data Response Industrial Production etc (Jul 10) The last of Japan's key activity data for July were pretty good, with industrial production, retail sales and housing starts all better than the consensus (as was last week's unemployment report). The... 31st August 2010 · 1 min read
Asia Economics Update Investment grade looks close for Indonesia The consensus expects that Indonesia will achieve investment grade over the next one-to-three years but we believe that an upgrade by one of the three major ratings agencies will probably happen over... 31st August 2010 · 1 min read
Asia Economics Update Vietnam set for rapid, but high risk, growth August data published over the last week show that the upswing in Vietnam remains strong, inflation has stayed on a slower track, while higher capital inflows are easing the strain on the balance of... 31st August 2010 · 1 min read
Japan Economics Update Bank of Japan's latest gesture fails to impress The Bank of Japan's decision to loosen monetary policy further at an emergency meeting today simply brought forward the move that was widely expected to take place early next month. The economic... 31st August 2010 · 1 min read
UK Economics Weekly Is the latest housing downturn just another blip? After a weak start to the year, the subsequent modest improvement in the housing market has recently begun to peter out. It may be that this is nothing to worry about, especially given that the wider... 30th August 2010 · 1 min read
Europe Economics Weekly Yield spreads to remain elevated Deteriorating global growth prospects and increased risk aversion have prompted a further fall in German 10-year government bond yields to a post-reunification low of around 2.1%. While fears have... 30th August 2010 · 1 min read
Asia Economics Weekly India’s policy tightening still has far to go India’s economic upswing will probably stay strong over the medium term but we suspect that Q2 GDP, published on Tuesday, will be little changed in y/y terms compared to January-March. Household... 30th August 2010 · 1 min read
Japan Economics Weekly Political and fiscal risks to help undermine the yen Japanese government officials have stepped up their expressions of concern about the strength of the yen, but they appear to favour additional fiscal measures and further easing from the Bank of Japan... 30th August 2010 · 1 min read
