UK Data Response CBI Industrial Trends Survey (Dec.) December’s CBI Industrial Trends Survey painted a mixed picture for the manufacturing sector, with output expectations remaining weak despite order books continuing to swell. 18th December 2017 · 1 min read
Asia Chart Pack Philippines: tax reforms a welcome step President Duterte of the Philippines is on Tuesday set to sign into law a major package of tax reforms which would mark his most important legislative achievement since coming to office 17 months ago... 18th December 2017 · 1 min read
Emerging Markets Economics Chart Pack A strong 2017 – but 2018 will be more challenging Our GDP Tracker suggests that the emerging world is on course to grow by just over 4.5% in 2017 – it’s fastest pace of expansion in six years. The pick-up has been broad-based, with growth in Emerging... 18th December 2017 · 1 min read
Asia Data Response Sri Lanka GDP (Q3) Data released late last week showed that Sri Lanka’s struggling economy weakened in Q3. With both monetary and fiscal policy set to remain tight, we don’t see a meaningful recovery anytime soon. 18th December 2017 · 1 min read
Japan Economics Update What to make of the surge in producer prices? Producer prices in Japan are rising at the fastest pace in years but we still expect consumer price inflation to remain broadly flat in coming months. 18th December 2017 · 1 min read
Industrial Metals Update Lower stocks justify some of the strength in prices Total exchange stocks of most metals fell in 2017 on a combination of constrained supply and solid growth in China’s demand in the first half of the year. We expect stocks to build over the course of... 18th December 2017 · 1 min read
Latin America Economics Update Piñera prevails but reform agenda will meet resistance Sebastián Piñera won the second round of Chile’s presidential election, but difficulties in Congress may make it hard to implement parts of his market-friendly reform agenda, including cuts to the... 18th December 2017 · 1 min read
Australia & New Zealand Economics Update Fiscal update offers no Christmas gift for the economy The only gift the Treasurer handed out in today’s Mid-Year Economic and Fiscal Outlook (MYEFO) was the one he gave himself, namely a stronger fiscal pot that will take a bit away from GDP growth next... 18th December 2017 · 1 min read
UK Economics Update Sufficient progress paves way for transition agreement The EU Council’s decision to sign off “sufficient progress” opens the door to agreeing a transition period, which would see the UK remain in the Customs Union and Single Market until 2021, early next... 15th December 2017 · 1 min read
US Economics Weekly Inflation rebound will force the Fed to tighten further The subdued November CPI figures and the news that the Fed left its inflation and interest rate projections unchanged triggered a mini-rally in the bond markets, but arguably investors should be... 15th December 2017 · 1 min read
Canada Economics Weekly Shrinking household wealth another problem The latest balance sheet data show that household indebtedness is even worse than previously thought, but the bigger problem now is that falling home values have begun to erode household net worth... 15th December 2017 · 1 min read
US Data Response Industrial Production (Nov.) The softer 0.2% m/m gain in industrial production in November was little surprise following the upwardly-revised 1.2% m/m surge the previous month. In any case, with the disruption from the hurricanes... 15th December 2017 · 1 min read
Commodities Weekly Metals return to the party It has been a good week for industrial metals, with prices rising on the back of data showing relatively stable industrial activity and solid growth in investment spending in China. The Fed’s rate... 15th December 2017 · 1 min read
UK Economics Weekly Has inflation peaked? With inflation rising above 3% in November, there are some reasons to think that it has now reached a peak. It remains the case that the primary driver of the rise in inflation has been the slide in... 15th December 2017 · 1 min read
Canada Data Response Manufacturing Sales (Oct.) The large 1.5% m/m drop in manufacturing sales volumes in October was much weaker than the consensus estimate, suggesting that broader economic growth slowed at the start of the fourth quarter. 15th December 2017 · 1 min read
