Australia & New Zealand Rapid Response Australia GDP (Q4 22) & Monthly CPI Indicator (Jan. 23) 1st March 2023 · 2 mins read
US Housing Market Data Response Case-Shiller/FHFA House Prices (Dec.) Despite a sixth consecutive month of falling house prices in December, affordability was still stretched even before the renewed rise in mortgage rates. As a result, it is likely that prices will... 28th February 2023 · 3 mins read
Canada Data Response GDP (Q4) The stagnation in fourth-quarter GDP, together with the downward revision to third-quarter GDP growth, leaves the economy in worse shape than the Bank of Canada expected. That is another reason to... 28th February 2023 · 2 mins read
UK Economics Update Profit margins another potential threat to inflation outlook A widening in profit margins could mean that inflation is slower to fall back to the Bank of England’s 2.0% target than we expect. That would cause the Bank to raise interest rates even further than... 28th February 2023 · 5 mins read
Australia & New Zealand Data Response Retail Sales (Jan. 2023) & GDP Partials (Q4 2022) While retail sales bounced back in January, the rebound probably won’t be enough to prevent a contraction in sales volumes across the first quarter. 28th February 2023 · 4 mins read
Japan Data Response Japan Industrial Production & Retail Sales (Jan. 23) We suspect that the early start to the Lunar New Year was partly responsible for the sharp fall in industrial production in January and there should be a strong rebound in February. Meanwhile, retail... 28th February 2023 · 2 mins read
Australia & New Zealand Rapid Response Australia Retail Sales (Jan. 23) 28th February 2023 · 2 mins read
Capital Daily What to make of the yield curve phoney war With the US yield curve more deeply inverted than at any time since the early 1980s, it is worth (again) considering what the implications for financial markets are. 27th February 2023 · 5 mins read
US Data Response Durable Goods (Jan.) The 0.7% m/m rebound in core durable goods orders in January rounds off a month of strong activity releases and suggests business investment will hold up a bit better in the first quarter than we had... 27th February 2023 · 3 mins read
UK Housing Market Update Decarbonising UK residential – the biggest challenge? Energy Performance Certificates (EPCs) are the main benchmark for environmental standards in UK housing. There is evidence that they are improving efficiency in new-builds and new regulations will... 27th February 2023 · 5 mins read
Japan Rapid Response Japan Industrial Production & Retail Sales (Jan. 23) 28th February 2023 · 1 min read
US Housing Market Data Response New Home Sales (Jan.) Price reductions and generous incentives offered by homebuilders helped new home sales continue to outperform the wider market in January. But a renewed rise in mortgage rates will weigh on new home... 24th February 2023 · 2 mins read
Canada Economics Weekly Fall in inflation partly due to one-off effects The larger-than-expected fall in CPI inflation in January was partly due to one-off effects, but still reduces the chance that the Bank of Canada will be forced to resume raising interest rates... 24th February 2023 · 5 mins read
US Economics Weekly Rebound in activity growth likely to be short lived With markets responding to recent strong data by ramping up interest rate expectations, there doesn’t yet seem to be much need for the Fed to embark on a renewed hawkish turn. 24th February 2023 · 7 mins read
