UK Economics Chart Pack Sterling’s slide against the euro continues Sterling has fallen by 7.5% against the euro since mid-May. The fall comes despite relative interest rate expectations pointing to a strengthening of the pound against the single currency. But while... 14th August 2017 · 1 min read
Emerging Markets Economics Focus Bullish or bearish? The near term outlook for EMs In this Focus we unveil the Capital Economics EM “Growth League”, which ranks EMs according to their growth prospects over the next two years. Countries such as Ethiopia, India and Vietnam are likely... 14th August 2017 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Jul.) Although the national annual rate of house price inflation remained at 14.2% in July, this is very much overshadowed by the more recent slump in resale housing activity over the past few months. 14th August 2017 · 1 min read
Europe Economics Update Are Italy’s banks ready to support the economic recovery? Italy’s banking sector has seen signs of improvement this year. But it is a long way from full health, so the country’s lenders are unlikely to contribute significantly to the economic recovery any... 14th August 2017 · 1 min read
India Data Response Consumer Prices (Jul.) Indian consumer price inflation accelerated in July, and we think that it will rise further over the coming months. As such, further monetary policy loosening looks unlikely. 14th August 2017 · 1 min read
Industrial Metals Update China Industrial Metals Demand Monitor (Jul.) China’s July activity and investment data showed a marked downturn and reversed most of the gains recorded towards the end of the second quarter. We had always expected policy tightening to translate... 14th August 2017 · 1 min read
Latin America Economics Update Argentina: Macri in decent shape ahead of legislative elections With most of the votes in Argentina’s primary legislative elections now counted, it appears that support for President Macri’s ruling coalition has held up better-than-expected, and the peso is likely... 14th August 2017 · 1 min read
UK Commercial Property Data Response Commercial property investment (Jul.) Commercial property activity fell in both value and number terms in July. Yet this drop was not particularly alarming given the seasonality in the data. But most importantly, there is little... 14th August 2017 · 1 min read
Europe Data Response Euro-zone Industrial Production (Jun.) Despite June’s decline in euro-zone industrial production, the sector’s contribution to GDP growth probably picked up in Q2. And surveys suggest that industry put in a decent performance at the start... 14th August 2017 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Slower rental growth and yield shift in Q2 Economic growth has been strong in non-euro-zone Europe this quarter and this has fed into solid leasing activity in the occupier markets. However, this has mostly not translated into rental value... 14th August 2017 · 1 min read
Europe Commercial Property Chart Pack Capital value growth hit by limited yield falls Euro-zone investment jumped 31% in Q2 compared to the same period last year. However, there are signs that suggest that the market is cooling, with the quarter recording the weakest decline in prime... 14th August 2017 · 1 min read
Global Economics Update When will core inflation pick up? Although data released today showed that core CPI inflation remained weak in the US in July, we still think that it will pick up substantially next year. Outside the US, however, it will probably rise... 11th August 2017 · 1 min read
Commodities Weekly Rising geopolitical tension takes its toll on prices After a strong start to the week, most commodity prices fell back on Friday as concerns about the inflammatory rhetoric between the US and North Korea prompted investors to move out of riskier assets... 11th August 2017 · 1 min read
Capital Daily Will low inflation continue to support US bonds and equities? 11th August 2017 · 1 min read
Canada Economics Weekly Supply shortage doesn’t explain high housing valuations Housing bulls argue that the surge in house prices in recent years and the current strength of new home construction are justified by strong population growth in Canada, but the data suggest otherwise... 11th August 2017 · 1 min read
