China Economics Update Capital Flows Monitor (Feb.) According to our latest detailed estimates, China witnessed a net inflow of capital last month for the first time in almost three years. Tighter capital controls and seasonal factors helped drive this... 17th March 2017 · 1 min read
India Economics Update Trade position continues to improve India’s monthly trade deficit narrowed to a six-month low in February. Looking ahead, with imports of key commodities such as gold and oil likely to stay subdued by past standards, the trade deficit... 16th March 2017 · 1 min read
Global Economics Update G20 business as usual despite Trump? The most noteworthy thing about this weekend’s gathering of finance ministers and central bank governors in Baden-Baden may be that it turns out to be as uneventful as previous G20 meetings. If so... 15th March 2017 · 1 min read
Japan Chart Pack Wage growth picking up Japan’s unemployment rate is the lowest it has been since the mid-1990s and the job-to-applicant ratio is approaching its bubble year peak. Regular wages are rising at the fastest pace in years, and... 14th March 2017 · 1 min read
Emerging Europe Data Response Turkey Current Account (Jan.) A higher energy import bill caused Turkey’s current account deficit to widen even further in January, taking it to around 4.2% of GDP. As a result, the lira remains one of the most vulnerable EM... 13th March 2017 · 1 min read
Emerging Markets Trade Monitor EM export rebound not just a commodity price story EM export growth continued its strong start to the year buoyed in equal parts by the recovery in commodity prices after their precipitous falls a year previously and an improvement in underlying... 10th March 2017 · 1 min read
UK Data Response Industrial Production, Construction & Trade (Jan.) Today’s deluge of economic data as part of the ONS’ “Theme Days” suggest that the pound’s post-referendum slide is helping growth to become more balanced. 10th March 2017 · 1 min read
Asia Economics Update China’s retaliation to THAAD adds to economic risks in Korea Chinese retaliation over South Korea’s plans to deploy a US anti-missile defence system (THAAD) is an added concern for Korea’s already struggling economy. While the overall impact could be quite... 9th March 2017 · 1 min read
Middle East & North Africa Economics Update Egypt: weaker pound having the desired effect Egypt’s balance of payments data for Q4 released today show only a modest narrowing in the current account deficit, but digging a little deeper there are signs that the 50% drop in the pound against... 8th March 2017 · 1 min read
Europe Data Response German & Spanish Industrial Production, French Trade (Jan.) January’s rise in German industrial production reversed December’s fall and provided a solid start to Q1. But so far, hard data on Germany and elsewhere in the euro-zone suggest that growth will not... 8th March 2017 · 1 min read
China Data Response Trade (Feb.) The latest trade data suggest that, seasonal distortions aside, both exports and imports strengthened at the start of 2017. 8th March 2017 · 1 min read
Japan Data Response GDP (Q4 Revised) & Current Account (Jan.) Revised data show that GDP grew slightly more last quarter than initially reported. We expect the economy to expand by a steady 1% this year but to slow next year as rising prices undermine households... 8th March 2017 · 1 min read
US Data Response International Trade (Jan.) The sharp widening in the trade deficit in January to its highest level in almost five years appears to have been partly due to distortions caused by the earlier than normal Chinese New Year Holiday... 7th March 2017 · 1 min read
Canada Data Response International Merchandise Trade (Jan.) The rebound in merchandise export volumes in January, led by non-energy trade, is encouraging and broadly consistent with the recent pick-up in external business activity indicators. 7th March 2017 · 1 min read
Europe Chart Pack Surveys point to a strong Q1 Survey data for February suggest that euro-zone GDP growth accelerated in Q1 following two healthy quarterly gains of 0.4% in the second half of last year. After February’s rise, the PMI pointed to an... 7th March 2017 · 1 min read
Global Economics Chart Pack Signs of strong global growth continue Business and consumer surveys suggest that the strong start to the year continued in February. The global composite PMI remained close to a three-year high and is consistent with world GDP growth of... 6th March 2017 · 1 min read
