Latin America Data Response Mexico Industrial Production (Jan.) The increase in Mexican industrial production in January was modest, but the fact it grew at all stands in stark contrast to the sharp fall in the business surveys since President Trump has taken... 14th March 2017 · 1 min read
OPEC Watch OPEC production falls as compliance improves OPEC continued to reduce its production in February. However, the group also revised upwards its expectations for non-OPEC output. 14th March 2017 · 1 min read
Global Inflation Watch Rebound in inflation is almost over Headline inflation is now above the target in the US and close to it in the euro-zone and UK. We expect the average inflation rate in advanced economies to be fairly stable at around 2-2½% for the... 14th March 2017 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Feb.) The annual rate of national house price inflation rose to a ten-year high of 13.4% in February, up from 13.0%, largely reflecting the continued acceleration in Toronto. The housing market conditions... 14th March 2017 · 1 min read
Emerging Europe Data Response Poland CPI (Feb.) The further rise in Polish inflation last month, to 2.2% y/y, was driven almost entirely by energy and food price movements, while core inflation remained subdued. Accordingly, today’s data are... 14th March 2017 · 1 min read
Metals Data Response South Africa’s Mine Production (Jan.) South Africa’s overall mine production recovered slightly in January, as higher prices acted as an incentive for producers to increase output. The strength in the output data was broad-based, with... 14th March 2017 · 1 min read
Europe Economics Update Are things finally looking up for Portugal? Portugal’s anti-austerity Government has continued to implement economic reforms and cut its budget deficit, which reduces the risk of sanctions from the EU. But major challenges still lie ahead. 14th March 2017 · 1 min read
India Data Response Consumer Prices (Feb.) Consumer price inflation accelerated in February for the first time since demonetisation due mainly to a rebound in food inflation. Looking ahead, rising price pressures could prompt the RBI to hike... 14th March 2017 · 1 min read
UK Housing Market Data Response Mortgage Lenders and Administrators Statistics (Q4) Today’s MLAR data confirmed a weak end to 2016 for buy-to-let lending, while data from the CML points to this persisting through to January. That weakness, combined with continued caution from lenders... 14th March 2017 · 1 min read
Africa Economics Update South Africa: Output figures suggest growth picking up The latest output figures all support our view that the worst of South Africa’s economic slump is now behind us. We expect that economic growth will pick up faster than most expect in 2017. 14th March 2017 · 1 min read
Europe Data Response Euro-zone Industrial Prod. (Jan.) & German ZEW (Mar.) January’s rise in euro-zone industrial production did not reverse December’s fall and, together with earlier retail sales data, suggests that the message from the business surveys that growth gained... 14th March 2017 · 1 min read
Africa Data Response Nigeria Consumer Prices (Feb.) February’s inflation figures offer the first sign that inflation has peaked. We expect that price growth will weaken this year, but will remain above the CBN’s target. 14th March 2017 · 1 min read
Nordic & Swiss Economics Update Swedish Consumer Prices (Feb.) After rising to a five-year high in February, Swedish headline inflation is set to ease back in the coming months as energy inflation cools. But with signs that underlying price pressures are rising... 14th March 2017 · 1 min read
India Data Response Wholesale Prices (Feb.) The rise in Indian wholesale price inflation in February to its highest rate in over three years supports our view that the Reserve Bank of India will have to reverse course and begin hiking interest... 14th March 2017 · 1 min read
China Data Response Activity & Spending (Jan. & Feb.) A jump in infrastructure spending and strong property sales have helped sustain China’s recovery into early 2017. Both these tailwinds look likely to run out of steam in the coming quarters, however... 14th March 2017 · 1 min read
Japan Chart Pack Wage growth picking up Japan’s unemployment rate is the lowest it has been since the mid-1990s and the job-to-applicant ratio is approaching its bubble year peak. Regular wages are rising at the fastest pace in years, and... 14th March 2017 · 1 min read
