UK Economics Rapid Response UK S&P Global Flash PMIs (Oct. 2025) October’s flash PMIs suggest that the economy continued to muddle through at the start of Q4 and the upside risks to inflation faded a bit further. This probably won’t prompt the Bank of England to... 24th October 2025 · 3 mins read
Europe Rapid Response Euro-zone Flash PMIs (October 2025) October’s flash PMIs suggest that the euro-zone economy may have picked up a bit at the start of the fourth quarter, although we suspect that growth will probably remain low at around 0.2% q/q. 24th October 2025 · 2 mins read
Australia & New Zealand Economics Weekly Critical minerals deal holds promise for Australia The critical minerals agreement signed by Australia and the US will provide only a modest boost to activity in the near term. However, the deal highlights the opportunities that global fracturing... 24th October 2025 · 5 mins read
Japan Rapid Response Japan Flash PMIs (Oct. 25) While the composite PMI softened in October, it still points to a healthy expansion in economic activity. 24th October 2025 · 2 mins read
Canada Rapid Response Canada Retail Sales (Aug. 2025) The solid rebound in retail sales in August will not do much to spare the economy from a sharp slowdown in consumption growth in the third quarter given the similar-sized fall in sales expected in... 23rd October 2025 · 2 mins read
China Economics Update China's Five-Year Plan: Staying the course on industrial policy China’s leadership has just wrapped up a closed-door meeting to discuss the upcoming Five-Year Plan. The message from the post-meeting communique is one of policy continuity, with technological... 23rd October 2025 · 3 mins read
India Chart Pack India Chart Pack (October 2025) After a very strong run, India’s economy faces a more challenging few quarters in the face of punitive US tariffs. But hopes are growing again that these could be reduced. And in any case, domestic... 23rd October 2025 · 1 min read
Emerging Europe Chart Pack Emerging Europe Chart Pack (Oct. 2025) Our Emerging Europe Chart Pack has been updated with the latest data and our analysis of recent developments. The latest data suggest that GDP growth in Central and Eastern Europe generally remained... 23rd October 2025 · 1 min read
Asia Economics Update How will Philippines’ anti-corruption drive affect activity? The experience from other emerging markets suggests that, even if the ongoing corruption scandal in the Philippines doesn’t fuel further unrest, a more concerted effort by the government to clamp down... 22nd October 2025 · 4 mins read
Canada Economics Update Bank’s surveys show trade uncertainty still the main drag The main theme running through the Bank of Canada’s latest quarterly business and consumer surveys is uncertainty, with CUSMA renegotiations on the horizon. This supports our view that exports and... 20th October 2025 · 3 mins read
China Rapid Response China GDP (Q3) & Activity (Sep. 2025) Headline GDP growth fell to its lowest in a year last quarter. But we think the figures still overstate the pace of economic expansion by at least 1.0%-pts. The September activity data were mixed –... 20th October 2025 · 3 mins read
Canada Economics Weekly Small businesses sounding the alarm The slump in the CFIB Business Barometer this month leaves it consistent with a renewed decline in GDP. With firms’ inflation expectations under control, that adds weight to our view that the Bank of... 17th October 2025 · 6 mins read
Europe Economics Weekly Small fiscal loosening in the euro-zone next year Draft 2026 budget plans submitted to the European Commission this week point to a moderate loosening of fiscal policy next year. In practice we think that the degree of policy loosening will be... 17th October 2025 · 5 mins read
India Economics Weekly Russian oil import conundrum, RBI squeezes short-sellers President Trump's comments this week that Prime Minister Modi has pledged to stop buying oil from Russia have been denied by India's Ministry Of External Affairs. The latest data show that Russia's... 17th October 2025 · 3 mins read
Asia Rapid Response Malaysia GDP (Q3, adv estimate) Malaysia’s economy accelerated in the third quarter but we expect growth to soften in the coming quarters which, alongside low inflation, should add to the case for further monetary easing this year. 17th October 2025 · 2 mins read
Canada Chart Pack Canada Chart Pack (Oct. 2025) While the economy appears to be narrowly avoiding recession, we expect GDP growth to average less than 1% annualised over the second half of the year, with the unemployment rate rising toward 7.3%... 16th October 2025 · 1 min read
