Europe Data Response Swedish Consumer Prices (Jan.) Although Sweden’s headline inflation rate rose by more than expected in January, the upward trend is far from assured. As such, we still see a strong possibility of additional policy easing by the... 18th February 2016 · 1 min read
UK Housing Market Chart Pack London Housing Chart Book - Outer London driving house price growth Outer London has been outshining the previously stronger central London boroughs. Transactions volumes there have stabilised, while house price growth has been racing ahead. But rapid price growth is... 18th February 2016 · 1 min read
Asia Data Response Malaysia GDP (Q4) Malaysia’s economy slowed further in Q4, with growth dropping to 4.5% y/y from 4.7% the quarter before. Against a backdrop of low commodity prices and high household debt, the slowdown looks set to... 18th February 2016 · 1 min read
India Economics Focus Budget preview: deficit targets under pressure The key point of interest in the upcoming budget will be whether the finance ministry implements the large public sector pay rise that the 7 th Pay Commission recommended. We think it will and, with... 18th February 2016 · 1 min read
Australia & New Zealand Data Response Australia Labour Market (Jan.) The further fall in employment in January is probably just a continuation of the data moving back to reality after the unbelievable strength late last year rather than a sign that the concerns over... 18th February 2016 · 1 min read
Japan Data Response External trade (Jan.) The trade surplus climbed to a fresh high in January, and should continue to improve for now as cheaper energy prices have yet to be fully reflected in the import bill. 18th February 2016 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Jan. 16) Although Sweden’s headline inflation rate rose by more than expected in January, the upward trend is far from assured. As such, we still see a strong possibility of additional policy easing by the... 18th February 2016 · 1 min read
Latin America Economics Update Mexico responds to market turmoil Expectations of lower inflation have probably played only a minor role in the fall in Treasury inflation compensation – the gap between the nominal yields of conventional Treasuries and the real... 17th February 2016 · 1 min read
Global Markets Update What’s really happening to US inflation expectations? Expectations of lower inflation have probably played only a minor role in the fall in Treasury inflation compensation – the gap between the nominal yields of conventional Treasuries and the real... 17th February 2016 · 1 min read
Global Economics Update Credit growth still strong in the US, and rebounding in China Broad money growth has slowed somewhat in the four major advanced economies in recent months. However, bank lending to the private sector, which is a better guide to economic prospects, has generally... 17th February 2016 · 1 min read
US Data Response Industrial Production (Jan.) The 0.9% m/m increase in industrial production in January, which more than reversed a 0.7% m/m decline in December, was mainly due to a weather-related snap back in utilities output. 17th February 2016 · 1 min read
US Housing Market Data Response Housing Starts (Jan.) Against expectations for a small rise, housing starts contracted for the second consecutive month in January. However, even though they were depressed to some extent by the snowy weather in the... 17th February 2016 · 1 min read
Energy Chart Pack Hopes of an output deal prop up oil prices The headlines over the last month have focused on the possibility of a deal between Russia and OPEC on oil supply, which culminated in yesterday’s announcement of an agreement to freeze output... 17th February 2016 · 1 min read
Emerging Europe Data Response Polish Ind. Production & Retail Sales (Jan.) January’s batch of Polish activity data paints a worrying picture of the health of the economy at the start of this year, even taking into account distortions due to working-day effects. However, as... 17th February 2016 · 1 min read
Industrial Metals Update Is REE demand from Europe waning? Although the latest data show that rare earth metal import growth has been slowing in the European Union (EU), this is largely due to base effects. Meanwhile, a number of indicators suggest EU rare... 17th February 2016 · 1 min read
