Europe Economics Weekly Mixed messages from economic surveys The euro-zone Composite PMI has held up well since the UK’s Brexit vote, but it is too soon to sound the all clear. After all, the Composite PMI measures current output rather than indicating how... 26th August 2016 · 1 min read
UK Economics Update Brexit Watch: Surveys point to slowdown but not collapse Data released this week provide further evidence that growth is slowing following the vote to leave the EU. However, they generally don’t point to an outright contraction in activity either, adding... 26th August 2016 · 1 min read
Global Economics Update What to expect from Jackson Hole This week’s Jackson Hole conference is unlikely to shine much light on the immediate outlook formonetary policy either in the US or elsewhere. But it will underline how concerned many centralbankers... 26th August 2016 · 1 min read
UK Housing Market Update Are rental affordability constraints starting to bite The growth rate of private residential rents has slowed in recent months, driven primarily by London. We think this is a sign that affordability constraints are starting to bite in the capital. But... 26th August 2016 · 1 min read
Europe Commercial Property Chart Pack Office rental growth hits post crisis high All-property euro-zone rental values increased by 0.9% q/q in Q2, up from 0.4% q/q in Q1, as office rents rose at the fastest quarterly rate since the financial crisis. At the same time, yields fell... 26th August 2016 · 1 min read
UK Economics Weekly Taking stock of data for the post-referendum period It has been two months since the UK voted to leave the EU and you could be forgiven for being puzzled by the recent data on the economy. After all, different sets of figures released have given... 26th August 2016 · 1 min read
China Economics Update Markets stable one year after panic The rally in China’s stock markets appears to be running out of steam. Meanwhile, further FX intervention by the PBOC has helped to keep the renminbi relatively stable against the US dollar, though it... 26th August 2016 · 1 min read
Africa Economics Update Africa: Political risk spook investors Political risk has roiled the markets in South Africa, Nigeria, and Kenya over the past month. Tensions within South Africa’s cabinet, which pose a risk to the country’s already fragile economy... 26th August 2016 · 1 min read
Emerging Europe Economics Update EM food inflation to edge down, but it won’t collapse We expect food inflation in large parts of the EM world to ease in the coming months, which will provide some relief to policymakers in a number of high inflation economies, including Russia, Colombia... 26th August 2016 · 1 min read
UK Data Response GDP: Second Estimate & Expenditure Breakdown (Q2) Households and firms shrugged off pre-referendum uncertainty, driving an acceleration in GDP growth in the second quarter. But growth looks set to slow significantly as the vote to leave the EU takes... 26th August 2016 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (July) July’s money and credit data show a pick-up in lending growth, despite concerns about banks’ health and the UK’s vote for Brexit. Nevertheless, the data suggest that inflation will remain weak. 26th August 2016 · 1 min read
Emerging Europe Chart Pack Some signs of a slowdown at the start of Q3 The raft of second quarter GDP figures for Emerging Europe released this month painted a relatively bright picture, as regional growth hit a two-year high of 1.5% y/y. However, some of the more timely... 26th August 2016 · 1 min read
India Economics Update Strong vehicle sales not a sign of consumption revival The recent surge in sales of new vehicles is likely to have been driven by industry-specific policies to reduce pollution by taking old vehicles off the road rather than a more general boom in... 26th August 2016 · 1 min read
UK Economics Update Corporate bond rate falls won’t save business investment Despite a fall in corporate bond yields since the referendum, we still expect business investment to be the largest near-term casualty of the vote to leave. Indeed, the fall in the pound will increase... 26th August 2016 · 1 min read
Asia Economics Weekly The dangers of decoupling Economic growth across Emerging Asia accelerated last quarter, as strong domestic demand compensated for weak exports. But while this “decoupling” has enabled Emerging Asia to shrug-off the weakness... 26th August 2016 · 1 min read
Japan Economics Weekly Is Japan still haunted by the undead? Japan’s economy remains dominated by old, unproductive firms, while those hoping to create new firms face a range of hurdles. Meanwhile, the country remains relatively isolated from the rest of the... 26th August 2016 · 1 min read
