Australia & New Zealand Rapid Response Australia Household Spending Indicator (August 25) 2nd October 2025 · 2 mins read
Japan Rapid Response Japan Industrial Production & Retail Sales (Aug. 25) While the August activity data confirm that Japan’s GDP declined this quarter, that follows a strong performance over the past year and we doubt it will prevent the BoJ from resuming its tightening... 30th September 2025 · 2 mins read
UK Economics Rapid Response UK Money & Lending (Aug. 2025) There is little evidence in August’s money and lending figures that concerns over further tax rises in the Budget on 26th November are having a big influence on households’ financial decisions as of... 29th September 2025 · 3 mins read
US Rapid Response US Personal Income & Spending (Aug 2025) The strong 0.4% m/m rise in real consumption in August, coupled with an upward revision to growth in July, is further evidence that economic activity continues to do well despite slower payrolls gains... 26th September 2025 · 2 mins read
Europe Economics Weekly Euro-zone activity and sentiment remain subdued Economic growth in the euro-zone is likely to pick up a bit heading into next year, but we suspect that the improvement will be more muted than most anticipate. And the data released this week show no... 26th September 2025 · 8 mins read
Australia & New Zealand Economic Outlook A tale of two recoveries The Australian economy bounced back strongly in Q2, and it increasingly appears that the recovery has legs. In contrast, the New Zealand economy remains mired in a deep slump, and we believe that it... 25th September 2025 · 20 mins read
China Economic Outlook Growth weak but stable China’s economy is much weaker than official figures suggest, but growth has held steady this year despite US tariffs. While both exports and fiscal spending will continue to support the economy over... 24th September 2025 · 16 mins read
RBA Watch RBA will hold its fire as economy rebounds The Reserve Bank of Australia is almost certain to leave the cash rate unchanged at 3.6% at its meeting ending on September 30th. After all, the economy is bouncing back more strongly than the Bank... 24th September 2025 · 7 mins read
India Economics Update Are Indian households becoming overleveraged? Rising household debt in India should not be a major concern for now given the backdrop of falling interest rates. But it is a risk that will require close monitoring once the easing cycle turns... 23rd September 2025 · 4 mins read
Canada Rapid Response Canada Retail Sales (Jul. 2025) The sharp decline in retail sales in July is not as bad as it first looks, with August’s flash estimate pointing to a swift rebound, suggesting the weakness was mostly payback for earlier strength... 19th September 2025 · 2 mins read
US Rapid Response US Retail Sales (Aug. 2025) The solid 0.6% m/m rise in retail sales in August and similar-sized gains in core (ex. autos) and control group sales indicate that consumers are not pulling back despite the labour market cooling. 16th September 2025 · 1 min read
US Rapid Response US Consumer Sentiment (Sep.) Consumer sentiment fell back to a four-month low of 55.4 in September, from 58.2, as fears over both higher inflation and labour market weakness weighed on households. That leaves the University of... 12th September 2025 · 1 min read
Japan Economics Weekly LDP to choose a new leader, growth remains healthy PM Ishiba's successor will have to grapple with a politically-challenging environment when they take office early next month. But on the plus side, they will inherit a fairly resilient economy that... 12th September 2025 · 6 mins read
Australia & New Zealand Economics Weekly Springtime in the Antipodes New business surveys suggest that economic momentum in Australia will remain solid through the second half of the year. However, we would caution that these surveys have recently overstated the... 12th September 2025 · 5 mins read
China Economics Weekly Export resilience is a symptom of domestic weakness We are re-sending this Weekly due to a technical error. Apologies for any inconvenience caused. Policymakers in China seem more concerned about the overcapacity problem than the trade war with the US... 5th September 2025 · 7 mins read
