US Rapid Response Industrial Production (Dec. 2024) The strong rise in industrial production in December is consistent with the recent improvement in the survey evidence. However, we do not think this marks the beginning of a sustained recovery in the... 17th January 2025 · 1 min read
US Housing Market Rapid Response Housing Starts (Dec. 2024) The large rebound in housing starts and continued resilience of building permits in December provides some support to our forecast that starts will remain solid in the first half of the year. However... 17th January 2025 · 2 mins read
Global Economics Chart Pack Global Economics Chart Pack (January 2025) The latest data suggest that resilient consumer spending supported GDP growth in the US towards the end of last year, while activity in other advanced economies remained weak. Industry continues to... 17th January 2025 · 1 min read
UK Economics Rapid Response UK Retail Sales (Dec. 2024) December’s 0.3% m/m fall in retail sales volumes was worse than expected (consensus forecast +0.4% m/m, CE 0.0% m/m) and rounded off a disappointing Q4, with sales declining by 0.8% q/q in Q4 overall... 17th January 2025 · 3 mins read
Japan Economics Weekly Japan Weekly: January rate hike now looking likely A flurry of communication by the Bank of Japan this week suggests that a rate hike at next week's meeting is very likely. And whereas the financial markets foresee just one additional 25bp rate hike... 17th January 2025 · 5 mins read
Australia & New Zealand Economics Weekly ANZ Weekly: RBA may look past the tight labour market At first glance, data released this week should lessen the urgency for the Reserve Bank of Australia to loosen policy settings. After all, we learned that both unemployment and underutilisation rates... 17th January 2025 · 5 mins read
Canada Economics Update Housing Watch (Jan. 2025) The rise in house prices in December builds on November’s gain, providing some support to our view that house prices will rise by a healthy 4% this year. That said, with the sales-to-new listing ratio... 16th January 2025 · 4 mins read
US Rapid Response Retail Sales (Dec) The 0.4% m/m increase in retail sales in December was a little weaker than expected, with the consensus forecast as high as 0.6%, but this was actually a strong report that boosts our fourth-quarter... 16th January 2025 · 1 min read
UK Housing Market Update RICS Residential Market Survey (Dec. 2024) December’s RICS survey suggests that the relief rally after the Budget may have started to fade at the end of last year and the recent rise in mortgage rates have finally began to weigh on housing... 16th January 2025 · 3 mins read
Australia & New Zealand Chart Pack ANZ Chart Pack (Jan. 2025) Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. The Antipodean central banks will tread different paths on policy over the forecast horizon. With the... 16th January 2025 · 1 min read
Bank of Japan Watch BoJ will lift policy rate this month The Bank of Japan has signalled that it will raise rates at its January meeting. And with inflation set to remain above the Bank’s 2% target for a while yet, we’re sticking to our forecast that the... 16th January 2025 · 8 mins read
Australia & New Zealand Rapid Response Australia Labour Market (Dec. 2024) 16th January 2025 · 3 mins read
Global Economics Update The implications of the Israel-Hamas ceasefire The ceasefire reportedly agreed between Israel and Hamas is likely to have significant consequences for some countries in the region, notably Israel itself as well as Jordan and Egypt. But the... 15th January 2025 · 5 mins read
Global Economics Update Rising yields risk macro fallout If sustained, rising bond yields add to downside risks to economic growth. The potential direct effects on real activity are greatest in the US. But higher yields in other DMs could limit how far... 15th January 2025 · 5 mins read
US Rapid Response Consumer Prices (Dec.) The 0.23% m/m increase in core CPI in December appears consistent with a below-target 0.14% m/m increase in the Fed’s preferred core PCE deflator measure. Although that would leave core PCE inflation... 15th January 2025 · 2 mins read
Canada Rapid Response Canada Manufacturing Sales (Nov. 2024) The rise in manufacturing sales in November was entirely due to higher prices, with sales volumes unchanged. While the recovery in activity took a breather, the 1.8% m/m rise in new orders and... 15th January 2025 · 1 min read
