UK Commercial Property Data Response Lending to commercial property (Nov.) The deleveraging process within the commercial property lending market showed no signs of abating in November. In fact, the stock of outstanding debt to commercial property fell by almost £1bn during... 4th January 2016 · 1 min read
Emerging Europe Data Response Manufacturing PMIs & Turkey CPI (Dec.) December’s manufacturing PMIs for Emerging Europe provided an early sign that the latest fall in oil prices has hit activity in Russia. Meanwhile, the stronger-than-expected Turkish inflation figure... 4th January 2016 · 1 min read
Japan Economics Update Economy should have continued to recover in Q4 We took a break at the end of 2015 but Japan’s government statisticians didn’t. This Update recaps the key releases we missed. The main message is that November activity and spending data were weak... 4th January 2016 · 1 min read
India Data Response Manufacturing PMI (Dec.) The slump in India’s manufacturing PMI reading in December highlights that, despite the recent strength of the hard activity data, local manufacturers continue to face significant structural headwinds... 4th January 2016 · 1 min read
Asia Data Response Manufacturing PMIs (Dec.) While Asian manufacturing conditions remain lacklustre, the broad-based rise in Emerging Asia's PMIs for December is encouraging and suggests that the region’s manufacturing sectors are on the path to... 4th January 2016 · 1 min read
China Data Response PMIs (Dec.) While today's unofficial manufacturing PMI hints at some further weakness in the manufacturing sector, other indicators suggest that the economy as a whole held up reasonably well last month. 4th January 2016 · 1 min read
Asia Data Response Singapore GDP (Q4 Advanced) Singapore’s economy looks to have ended 2015 strongly, but we shouldn’t get too carried away. The advanced estimate is not a reliable guide to final GDP figures and, even if that were not the case... 4th January 2016 · 1 min read
Global Trade Monitor World trade still sluggish at start of Q4 The volume of world trade fell in October, continuing a run of weak data which has lasted all year. Exports from emerging economies have been particularly sluggish. 24th December 2015 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Nov.) The recent easing in buyer enquiries is feeding into the mortgage market, with fewer mortgages approved for house purchase in November than in October. 24th December 2015 · 1 min read
Europe Commercial Property Update Anaemic Belgian consumer sector suggests further retail weakness Muted economic growth in the next two years will prevent Belgian high streets from seeing much of an improvement in demand for space. As a result, we expect prime retail rental values to rise by only... 24th December 2015 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude oil stocks saw the largest fall since early July last week, despite a slight increase in production, as net imports dropped sharply. However, product demand also declined, with production of... 23rd December 2015 · 1 min read
China Economics Update Basket shift adds to depreciation pressure Strong hints from the People’s Bank that it is shifting the focus of its exchange rate management to a trade-weighted currency basket have intensified expectations of further renminbi declines. But... 23rd December 2015 · 1 min read
Commodities Update Our six key themes for commodity markets in 2016 2015 has of course been a difficult year for those, ourselves included, who have had anything positive to say about commodities. We will publish detailed predictions for 2016 early in January after a... 23rd December 2015 · 1 min read
US Housing Market Data Response New Home Sales (Nov.) Solid new home sales data for November lend weight to the idea that yesterday’s slump in existing home sales was a blip, not a cause for concern. 23rd December 2015 · 1 min read
Metals Watch Some reasons to be cheerful on copper The price of copper in US dollar terms has fallen by nearly 30% since the start of 2015. The catalyst for the decline in prices has been the slowdown in China’s economy and fears that it may... 23rd December 2015 · 1 min read
Industrial Metals Update Steel prices to recover slowly in 2016 After falling sharply in 2015, we expect US steel prices to recover slowly next year as a result of greater trade protectionism, further global capacity closures and improved demand. 23rd December 2015 · 1 min read
