Latin America Data Response Mexico Industrial Production (Jun.) Mexico’s manufacturing and construction sectors posted strong m/m gains in June, but a big drag from mining means that overall industrial production only rose by a modest 0.1% m/m. 11th August 2016 · 1 min read
UK Economics Update Very low gilt yields are here to stay While some of the forces recently putting strong downward pressure on gilt yields may ease a bit in the coming months, the prospect of a further prolonged period of ultra-loose monetary policy... 11th August 2016 · 1 min read
Emerging Europe Data Response Russia GDP (Q2 2016) The -0.6% y/y fall in Russia GDP in Q2 is, by our estimates, consistent with a modest rise in output over the quarter. We expect a gradual recovery to continue over the coming quarters. 11th August 2016 · 1 min read
Metals Data Response South Africa’s Mine Production (Jun. 2016) While South Africa’s overall mine production shows tentative signs of recovery, the sector’s fortunes remain bleak for the time being. However, surging prices continued to encourage higher PGM output... 11th August 2016 · 1 min read
Asia Economics Update Interest rates to stay low in the Philippines With the economy in good shape and inflation under control, today’s decision by the central bank inthe Philippines (BSP) to keep its main policy rate on hold at 3.0% came as no surprise. Looking ahead... 11th August 2016 · 1 min read
Europe Data Response Swedish Consumer Prices (July) Swedish inflation unexpectedly reached a fresh four-year high in July. But inflation is still below the Riksbank’s target and it is too soon to rule out further policy action. 11th August 2016 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Jul.) July’s RICS survey suggests that the initial shock that followed the referendum eased a little over the month. But with most readings still in negative territory, the data are signalling a slowdown in... 11th August 2016 · 1 min read
Emerging Markets Trade Monitor A pause, not a reversal, in recovery of EM exports The slightly faster decline in EM exports recorded in June compared to May was due to price and currency effects that should prove short-lived. The recovery will continue over the coming months. 11th August 2016 · 1 min read
Europe Commercial Property Update Moscow property about to turn a corner, albeit, slowly The acute phase of Russia’s latest economic crisis now appears to be behind it. However, the prospect of only a weak economic recovery means that a strong rebound of the Moscow commercial property... 11th August 2016 · 1 min read
Asia Economics Update Bank of Korea’s rate pause to continue The Bank of Korea (BoK) today left its policy rate unchanged at a record low of 1.25%. With fiscal stimulus in the pipeline, we think it will take another downturn in the growth outlook to convince... 11th August 2016 · 1 min read
Asia Data Response Singapore GDP (Q2 Revised) Today’s revised estimate of Singapore’s second quarter GDP suggests the economy is still struggling for momentum. What’s more, there are a number of headwinds that will likely drag growth lower over... 11th August 2016 · 1 min read
Australia & New Zealand Economics Update New Zealand - Heading to a low of at least 1.5% in New Zealand Not only did the Reserve Bank of New Zealand today cut interest rates by 0.25% to a new record low of 2.00%, but it also suggested that rates will soon be cut again to 1.75%. In order to weaken the... 11th August 2016 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Jul. 16) Swedish inflation unexpectedly reached a fresh four-year high in July. But inflation is still below the Riksbank’s target and it is too soon to rule out further policy action. 11th August 2016 · 1 min read
US Housing Market Chart Pack Brexit’s impact is already fading The impact of Brexit on the housing market has been short-lived and minimal. A widening in spreads meant that mortgage rates did not fall as far as Treasury yields, which have in any case since... 10th August 2016 · 1 min read
US Economics Update JOLT survey points to tightening labour market The latest JOLT survey suggests that labour market conditions continue to tighten, which should generate an acceleration in wage growth later this year. 10th August 2016 · 1 min read
