Europe Data Response Euro-zone Final PMIs (Dec.) December’s final PMIs suggest the euro-zone economy held up better than we expected in Q4, but are still consistent with a mild recession. They also suggest price pressures remain very high. 4th January 2023 · 2 mins read
China Chart Pack Three years on It is three years since a cluster of cases of severe pneumonia started to draw attention in Wuhan. Chart 1 maps economic developments in China since then. The blue bars show cumulative growth since... 4th January 2023 · 12 mins read
India Data Response PMI Surveys (Dec.) India’s manufacturing and services PMI readings rose to multi-month highs in December but are at odds with the hard activity data that point to a slowdown in domestic and external demand. 4th January 2023 · 3 mins read
Emerging Markets Economics Update EM industry: ends 2022 on a weak footing Although the manufacturing PMIs for December picked up in some highly-open EMs in Asia and Central Europe, industry in these countries remains very weak. And the surveys suggest that activity has... 3rd January 2023 · 2 mins read
Asia Data Response Manufacturing PMIs & Korea Trade (Dec.) Manufacturing PMIs across the region rose slightly in December but remained weak overall. We continue to expect weaker global demand, high inflation and interest rates to drag on manufacturing ahead. 3rd January 2023 · 2 mins read
China Data Response China PMIs (Dec.) The latest surveys suggest that the reopening wave delivered another blow to the economy in December. Services activity looks to have slumped. Industry was not spared, although the hit appears more... 3rd January 2023 · 3 mins read
Asia Data Response Singapore GDP (Q4, flash estimate) Growth slowed sharply in the first two months of Q4 and we expect a further slowdown over the coming months as high inflation, multi-decade high interest rates and weaker global demand weigh on... 3rd January 2023 · 3 mins read
Canada Data Response GDP by Industry (Oct.) The modest gain in GDP in October and upward revision to activity in previous months suggest the economy was coping well with higher interest rates at the start of the fourth quarter, but the... 23rd December 2022 · 2 mins read
Latin America Economics Weekly Reflecting on 2022 and looking ahead to 2023 This year has been was a surprisingly positive one for Latin America – growth has exceeded even our once above consensus expectations and has surpassed most other EM regions. But the opposite is... 23rd December 2022 · 5 mins read
US Rapid Response US Personal Income & Spending, Durable Goods (Nov.) 23rd December 2022 · 2 mins read
UK Economics Weekly Households increase savings despite falling real incomes The economy contracted by more than we previously thought in Q3 2022. But the most surprising thing we learnt was that the saving rate leapt from 6.7% in Q2 to 9.0% in Q3 as households on aggregate... 23rd December 2022 · 5 mins read
Asia Economics Weekly Exporters take a beating, worse still to come Recent trade data from Emerging Asia have been downbeat and, with the global economy heading for recession, worse is still to come. 23rd December 2022 · 12 mins read
China Economics Weekly The most dangerous weeks of the pandemic in China China is entering the most dangerous weeks of the pandemic. The authorities are making almost no efforts now to slow the spread of infections and, with the migration ahead of Lunar New Year getting... 23rd December 2022 · 6 mins read
Australia & New Zealand Economics Weekly Leading indicators flashing red in New Zealand New Zealand has been the canary in the coalmine for the global economy in recent years so the plunge in the ANZ activity outlook to the second-lowest level on record is cause for concern. Meanwhile... 23rd December 2022 · 3 mins read
