Europe Data Response German Industrial Production (Jun.) & Italian GDP (Q2) German industrial production data and GDP estimates from Italy and Spain confirm that the euro-zone recovery gained pace in Q2, with Germany far in the lead despite June’s small fall in production. 6th August 2010 · 1 min read
UK Data Response UK Ind. Production (Jun.) & Producer Prices (Jul.) The latest data on UK industry suggest that, for now at least, both activity and cost pressures in the sector remain pretty strong. But there are good reasons for expecting both to weaken somewhat... 6th August 2010 · 1 min read
China Chart Pack Construction slowdown gathers pace (Aug 10) The first of China’s data releases for July, the manufacturing PMIs, were downbeat. The economic slowdown is being led by heavy industry, which is bearing the brunt of uncertainty over the outlook for... 5th August 2010 · 1 min read
UK Markets Chart Pack Markets shrug off mixed economic data (Aug 10) Recent economic data have continued to paint a mixed picture on the health of the UK economy. While the 1.1% quarterly rise in GDP in Q2 has increased the chance that annual GDP growth will be closer... 5th August 2010 · 1 min read
Europe Commercial Property Update Are Paris retail yields too low? Compared to offices, history suggests that retail property yields in Paris are too low. The weak outlook for consumer spending and the stronger outlook for office rental value growth point to the same... 5th August 2010 · 1 min read
Europe Economics Update Cautious ECB to maintain policy support The ECB maintained a cautious stance towards the economic outlook at August’s press conference, despite recent surprisingly positive news. With the pick-up in growth likely to prove temporary, policy... 5th August 2010 · 1 min read
Latin America Economics Update Chile's post-earthquake bounce starting to fade 5th August 2010 · 1 min read
Emerging Europe Economics Update Czech Rep: rate hikes remain a distant prospect The Czech National Bank (CNB) today kept interest rates on hold at 0.75% for the second consecutive meeting. We are sticking to our view that rates will remain at record lows until 2012. 5th August 2010 · 1 min read
UK Economics Update Signs of slowdown keep rates on hold Today’s decision to leave interest rates on hold again presumably reflected growing signs that the recovery in the UK and global economies is running out of steam. With an enormous fiscal squeeze... 5th August 2010 · 1 min read
Asia Economics Update Indonesia's rapid economic growth will be sustained Indonesia’s GDP growth accelerated to 6.2% y/y in Q2. We expect continued strong growth in coming quarters, led by domestic private sector demand. We maintain our forecast that monetary tightening... 5th August 2010 · 1 min read
UK Housing Market Focus Have there been previous double-dips in house prices? A second round of falls in house prices would not be without precedent. There are at least eight examples of double-dips in real house prices in the international data from the past 40 years. But... 5th August 2010 · 1 min read
Europe Chart Pack Euro-zone takes the lead... for now July’s improvement in the euro-zone composite PMI was an encouraging sign that the economic recovery has continued and marked a stark contrast with falls in similar indicators in the US and UK. With... 4th August 2010 · 1 min read
