Middle East & North Africa Economics Update Saudi interbank rates edge lower, but will rise again soon Interbank interest rates in Saudi Arabia have edged down over the past month as investor sentiment towards the Kingdom has improved and policy moves have helped to ease liquidity constraints at banks... 29th November 2016 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Sep.) The 0.8% m/m gain in house prices on the Case-Shiller measure in September means prices are on track to meet our forecast for a 6% rise this year. Beyond that, higher mortgage interest rates will take... 29th November 2016 · 1 min read
Emerging Markets Activity Monitor EM recovery grinds on Our GDP Tracker suggests that the EM recovery has continued in recent months, driven in large part by a strong rebound in China’s economy. This has a bit further to run but we think the recovery will... 29th November 2016 · 1 min read
Europe Data Response German Flash CPI (Nov.) November’s German inflation data suggest that euro-zone inflation was unchanged at a low level. And while energy effects should cause headline inflation to rise sharply in the months ahead, the German... 29th November 2016 · 1 min read
Energy Update OPEC deal looks even more perilous Oil prices have been buffeted over the last week by hopes and concerns about the outcome of tomorrow’s OPEC meeting, but we still think that the group will manage to reach a face-saving deal. 29th November 2016 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Oct.) Chilean activity data for October were slightly worse than expected and suggest that the economy got off to a disappointing start in Q4. They’re probably not enough to convince the central bank to... 29th November 2016 · 1 min read
UK Housing Market Data Response Mortgage Lending (Oct.) Mortgage approvals for house purchase rose for the second month in a row, suggesting that mortgage lending is back on an upward trend. But with homes for sale still in short supply, the pace of... 29th November 2016 · 1 min read
Europe Data Response EC Business & Consumer Survey (Nov.) November’s rise in the European Commission’s measure of economic sentiment supports the message from the PMI that euro-zone growth accelerated towards the end of the year. But with inflationary... 29th November 2016 · 1 min read
UK Economics Update Household Borrowing Monitor (Oct.) October’s household borrowing figures provided further evidence that the slowdown in mortgage lending has bottomed out and that consumers’ appetite for debt hasn’t been affected much by the Brexit... 29th November 2016 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Oct.) At minus £119m, October’s fall in net lending to property only partially reversed September’s strong gains. Yet with little to suggest a shift in lender’s sentiment, we suspect it was driven by weaker... 29th November 2016 · 1 min read
Emerging Europe Data Response Economic Sentiment Indicators (Nov.) The batch of strong Economic Sentiment Indicators across Central and Eastern Europe this month suggests that GDP growth in the region as a whole recovered in Q4. But while the aggregate picture... 29th November 2016 · 1 min read
Nordic & Swiss Data Response Swedish GDP (Q3, 1st Estimate) Sweden’s decent economic expansion in Q3 masks a sharp slowdown in domestic demand growth. But with survey indicators pointing to a renewed acceleration in GDP growth in Q4, that slowdown looks set to... 29th November 2016 · 1 min read
Africa Chart Pack Africa: Recovery yet to gain traction While we still expect that most African economies will pick up steam in 2017, the latest figures suggest that the region’s economic downturn has still yet to bottom out. Major economies across Africa... 29th November 2016 · 1 min read
Canada Chart Pack Exporters still stuck in low growth gear The continuing sluggish performance by export-orientated manufacturers this year is another reason to believe that the Bank of Canada will reduce interest rates soon. In contrast to market... 29th November 2016 · 1 min read
Japan Economics Update Pension reform to improve health of public finances A proposed reform to better link pension payments with movements in wages should improve the viability of Japan’s public finances. For current workers though, the reform may force them to delay... 29th November 2016 · 1 min read
Asia Economics Update Sri Lankan rates on hold, but hikes in the pipeline The Central Bank of Sri Lanka (CBSL) kept rates on hold at its meeting today, but with credit growing at an unsustainable pace, inflationary pressures building, and the US Federal Reserve set to... 29th November 2016 · 1 min read
