Australia & New Zealand Economics Weekly One more RBA hike should do the job RBA policymakers continued to signal concerns about upside risks to inflation, while survey data showed that firms still face elevated price pressures. We expect a 25bp hike to 4.60% later this month... 11th September 2026 · 5 mins read
China Economics Update China’s labour market is not as weak as it looks Headline employment data are giving an overly weak impression of China’s labour market. Our Labour Market Indicator points to still-firm cyclical conditions, while a structural shift in labour demand... 8th September 2026 · 4 mins read
Europe Rapid Response Euro-zone Retail Sales (July 2026) The fall in euro-zone retail sales in July was the largest monthly decline in over a year and suggests that consumption made a weak start to Q3 following what looks like a decent rise in Q2. 4th September 2026 · 2 mins read
UK Economics Chart Pack UK Economics Chart Pack (Sep. 2026) With inflation and the resulting drag on households’ real incomes yet to peak, we doubt the surprising resilience of activity in the first half of the year will continue in the second half of this... 3rd September 2026 · 1 min read
UK Economics Rapid Response UK Money & Lending (Jul. 2026) July’s money and lending figures show that the near-term outlook for the housing market is weak, households may have funded some of their spending in July by lowering their saving rate and borrowing... 1st September 2026 · 3 mins read
Australia & New Zealand Economics Weekly The risk of another RBA rate hike is growing This week’s firm inflation and household spending data have raised the risk that the RBA’s tightening cycle is not yet over. But the investment picture is more mixed, while softer labour and housing... 28th August 2026 · 5 mins read
Australia & New Zealand Rapid Response Australia Household Spending (July 2026) The strong pickup in household spending in July will likely reinforce the RBA’s hawkish bias, but our base case continues to be that it won’t go so far as to hike rates again. 27th August 2026 · 2 mins read
Canada Rapid Response Canada Retail Sales (Jun. 2026) The 1.5% m/m jump in retail sales volumes in June confirms solid momentum in consumer spending heading into the third quarter, though the weak July advance estimate suggests that the renewed rise in... 21st August 2026 · 2 mins read
UK Economics Rapid Response UK Public Finances & Retail Sales (Jul. 2026) July’s public finances figures continued the recent run of bad news on the fiscal position and highlight the limited scope for extra public borrowing. Meanwhile, the weakness in retail sales volumes... 21st August 2026 · 3 mins read
US Chart Pack US Chart Pack (Aug. 2026) Despite some softness in recent months, we expect a continuation of the AI capex boom and a broadening of investment to drive above-consensus GDP growth, which should rise to 2.6% next year. That... 20th August 2026 · 1 min read
Japan Chart Pack Japan Chart Pack (Aug. 26) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. The economy has weathered the energy shock well as Japan has been able to secure sufficient crude... 20th August 2026 · 1 min read
China Rapid Response China Activity & Spending (Jul. 2026) After regaining some ground at the end of Q2, China's economy lost momentum again last month. The silver lining is that the boost to manufacturing activity from AI capex continued to build, and that... 17th August 2026 · 2 mins read
US Rapid Response US Retail Sales (Jul 2026) The fall in control group retail sales in July, together with downward revisions to growth in May and June, leave the consumer looking a little less healthy and further reduce the chance of the Fed... 14th August 2026 · 2 mins read
China Economics Update Deflationary pressures loom again The m/m declines in both consumer and producer prices in July largely reflect the pullback in global oil prices. But falling prices also underscore that domestic deflationary pressures remain... 10th August 2026 · 5 mins read
UK Economics Weekly Manufacturing revival not just a stockbuilding story After four years of near-continuous contraction, the industrial sector is getting back on its feet. While this revival largely reflects the temporary prop from precautionary stockbuilding after the... 7th August 2026 · 5 mins read
Europe Chart Pack Europe Chart Pack (August) Euro-zone GDP expanded steadily in Q2 as higher energy prices had little impact on household consumption or business activity. The strength of July’s business and consumer surveys suggests that the... 6th August 2026 · 0 mins read
