Japan Economics Weekly Growth still likely to slow this year With our GDP tracker suggesting that activity continued to expand at a rapid clip last quarter, risks to our forecast of a 1.2% rise in GDP this year are skewed to the upside. However, the economy is... 2nd February 2018 · 1 min read
Latin America Economics Update Brazil's industrial recovery remains on track 1st February 2018 · 1 min read
Global Economics Update Global Manufacturing PMI (Jan.) Markit’s global manufacturing PMI stayed closed to a seven-year high in January, suggesting that the momentum of the world economy carried over into the New Year. 1st February 2018 · 1 min read
US Data Response ISM Manufacturing Index (Jan.) The small decline in the ISM manufacturing index in January left it well above historical averages and consistent with GDP growth of over 4% annualised. With domestic demand receiving a boost from tax... 1st February 2018 · 1 min read
Emerging Europe Data Response Russia GDP (2017) Russian annual GDP data for 2017, which showed that the economy expanded by 1.5% over the year as a whole, are consistent with a slowdown in growth to 1.0% y/y in Q4, from 1.8% y/y in Q3. However, we... 1st February 2018 · 1 min read
UK Data Response Markit/CIPS Manufacturing PMI (Jan.) The fall in the PMI in January suggests that manufacturing growth slowed a little at the start of the year. But the big picture is that the sector is still performing well by recent standards. 1st February 2018 · 1 min read
Commodities Update China PMIs point to a stable January China’s unofficial and official manufacturing PMIs diverged a little in January but both imply that activity held up relatively well. That said, they were not sufficiently strong to explain the gains... 1st February 2018 · 1 min read
Nordic & Swiss Data Response Manufacturing PMIs (Jan.) January’s Swiss, Swedish and Norwegian manufacturing PMIs generally point to strong growth. But only in Sweden do we expect this to feed through to significant and sustained inflation pressure. 1st February 2018 · 1 min read
India Data Response Manufacturing PMI (Jan.) India’s manufacturing PMI slipped in January from December’s five-year high. But the reading is still strong, and prospects for local manufacturers look relatively bright over the near term. 1st February 2018 · 1 min read
China Data Response Caixin Manufacturing PMI (Jan.) The survey data suggest that output growth held steady at the start of 2018, with disruptions from the anti-pollution campaign starting to ease. But signs in the data of a slight softening in demand... 1st February 2018 · 1 min read
Asia Data Response Manufacturing PMIs (Jan.) Emerging Asia’s PMIs for January suggest the region’s manufacturing sectors gained momentum at the start of 2018. Encouragingly, the headline readings for Taiwan and Korea – the two economies where... 1st February 2018 · 1 min read
Global Economics Update Who’s afraid of a China slowdown? EMs in Latin America and Emerging Asia have benefitted most from China’s recovery over the past 18 months. These economies therefore have the most to lose if China begins to weaken again, although the... 31st January 2018 · 1 min read
Emerging Markets Economics Update Who’s afraid of a China slowdown? EMs in Latin America and Emerging Asia have benefitted most from China’s recovery over the past 18 months. These economies therefore have the most to lose if China begins to weaken again, although the... 31st January 2018 · 1 min read
Canada Data Response GDP by Industry (Nov.) The 0.4% m/m increase in November’s GDP was reassuring after the near-stagnation in October, and December was probably a good month too, but we remain concerned that growth will slow in the first half... 31st January 2018 · 1 min read
UK Data Response GfK/NOP Consumer Confidence January’s GfK/NOP confidence survey suggested that consumers started the year in fairly good spirits. And with real earnings likely to recover in the second half of this year, there is scope for... 31st January 2018 · 1 min read
Asia Data Response Taiwan GDP (Q4 Advanced) Taiwan’s GDP growth rose in Q4 to the fastest in nearly three years. We think the economy will cool over the quarters ahead. On the plus side, domestic demand is likely to hold up well supported by... 31st January 2018 · 1 min read
