Africa Data Response South Africa Manufacturing PMI (Sep.) South Africa’s manufacturing PMI softened last month, pointing to a slowdown in the rebound from the hit to activity in July from tighter virus containment measures and violent unrest. Supply... 1st October 2021 · 2 mins read
Nordic & Swiss Data Response Manufacturing PMIs (Sep) The set of manufacturing PMIs from Switzerland and the Nordics for September suggest that industrial activity has so far been pretty resilient in the face of global supply-chain disruptions. That said... 1st October 2021 · 2 mins read
Emerging Europe Data Response Manufacturing PMIs (Sep.) The manufacturing PMIs for September provide additional signs that supply constraints continued to weigh on output in Central Europe, although it seems that price pressures eased further. 1st October 2021 · 2 mins read
India Data Response Manufacturing PMI (Sep.) India’s manufacturing PMI rose in September, but that is likely to prove the high point as the rapid reopening rebound fades and local manufacturers start to feel the pinch from global supply... 1st October 2021 · 2 mins read
Japan Economics Weekly Supply shortages set to hold back manufacturers Production of motor vehicles and electronics fell sharply in August and is well below pre-pandemic levels. This isn’t mainly due to weaker demand, which has moderated but remains healthy. Instead, it... 1st October 2021 · 4 mins read
Asia Data Response Manufacturing PMIs (Sep.) While regional PMIs showed that the disruption from large virus waves in the region is easing somewhat, unmet orders continue to pile up, meaning that the resulting shortages further down supply... 1st October 2021 · 2 mins read
Japan Data Response Tankan (Q3 2021) The latest Tankan survey was stronger than most had anticipated, supporting our view that the economy will recover rapidly as the Delta wave has ebbed. However, there are mounting signs that the... 1st October 2021 · 3 mins read
Capital Daily We doubt the rally in the US dollar is over Even if the US dollar falls back a bit further in the near term, we expect it to resume its recent rally in due course. 30th September 2021 · 7 mins read
Canada Economics Update Withdrawal of CRB a risk to consumption Due to the still high household saving rate, we have so far been sanguine about the risks posed by the winding down of benefit payments to households. But with goods shortages limiting the scope for... 30th September 2021 · 3 mins read
Middle East & North Africa Economics Weekly Oil rallies, Bahrain VAT hike, Tunisia gets a new PM The price of oil hit its highest level in nearly three years this week and, combined with rising oil output, will help support an improvement in budget and current account positions in the Gulf. This... 30th September 2021 · 5 mins read
India Data Response Core Infrastructure Industries (Aug.) Output from India’s core infrastructure industries only edged slightly higher in August, suggesting that the rapid reopening rebound has faded. The broader industrial recovery remains fragile against... 30th September 2021 · 2 mins read
Africa Chart Pack Debt restructuring talks inching forward The threat of messy outcomes to Sub-Saharan Africa’s debt problems seems to have diminished recently. In Zambia, the new administration vowed to tackle debt problems and press on with restructuring... 30th September 2021 · 13 mins read
UK Economics GDP (Q2 Final) Today’s release suggests the economy is closer to its pre-pandemic level than we had previously thought and raises the risk that the Bank of England hikes interest rates sooner than our forecast of... 30th September 2021 · 3 mins read
Australia & New Zealand Chart Pack Early signs of second-round effects from soaring prices The RBA expects headline inflation to drop back from 3.8% in Q2 to 1.5% by mid-2022. By contrast, we now only expect it to fall to 2.5% over this period, reflecting the pass-through from soaring coal... 30th September 2021 · 11 mins read
China Data Response China PMIs (Sep.) The manufacturing PMIs diverged this month. But the big picture is that industry was coming off the boil even prior to the latest power shortages. On a more upbeat note, the official surveys point to... 30th September 2021 · 4 mins read
Japan Data Response Japan Retail Sales & Industrial Production (Aug. 2021) The sharp falls in both retail sales and industrial production in August indicate that activity weakened significantly at the height of the Delta-driven fifth wave. But while that suggests that the... 30th September 2021 · 2 mins read
