Australia & New Zealand Rapid Response Australia Retail Sales (Sep. 2024) Although real retail sales saw a healthy pickup in Q3, there are reasons to suspect the data are overstating the momentum behind overall household consumption. That being the case, policy implications... 31st October 2024 · 2 mins read
Japan Rapid Response Japan Industrial Production & Retail Sales (Sep. 24) 31st October 2024 · 2 mins read
UK Economics Focus Autumn Budget - Big tax rises, but economy may end up stronger This Budget is big, both in the way it defines the government’s plans and the money it raises and spends. The key point is that it loosens fiscal policy relative to previous plans and is therefore... 30th October 2024 · 16 mins read
UK Economics Rapid Response Despite large rise in taxes, Budget still boosts economy This Budget is big, both in the way it defines the government’s plans and the money it raises and spends. The key point is that it loosens fiscal policy relative to previous plans and is therefore... 30th October 2024 · 3 mins read
US Rapid Response GDP (Q3) Despite earlier fears that the US economy was headed for recession, growth continued to out-perform other DMs. Third-quarter GDP growth came in at a solid 2.8% annualised, down only trivially from the... 30th October 2024 · 2 mins read
Australia & New Zealand Rapid Response Australia Consumer Prices (Q3 2024) 30th October 2024 · 2 mins read
US Housing Market Rapid Response Case-Shiller/FHFA House Prices (Aug. 2024) A slightly healthier 0.3% rise in house prices in August does not change the fact that the market is rapidly cooling amid weak demand and growing supply. Therefore, we stand by our recent decision to... 29th October 2024 · 1 min read
UK Economics Rapid Response UK Money & Lending (Sep. 2024) Although consumer confidence has fallen ahead of the Budget, there is little evidence in September’s money and lending figures that Budget worries are having a big influence on households’ financial... 29th October 2024 · 3 mins read
US Commercial Property Update ‘Extend and pretend’ still ongoing for some banks The NCREIF Q3 index posted a positive return for the first time in two years, with only offices recording a negative outturn. But with firmer evidence that poorly capitalized banks have been less... 28th October 2024 · 3 mins read
Canada Economics Focus What comes after the carbon tax is axed? New Prime Minister Mark Carney’s decision to effectively eliminate Canada’s consumer-facing carbon tax will shave around 0.7% from headline CPI for the next year, which could offset some of the... 28th October 2024 · 14 mins read
US Economics Weekly Could Musk influence a future Trump presidency? If Donald Trump wins the election, we think there are a few policy areas where Elon Musk, who has become one of the campaign's biggest supporters, would try to influence Trump. 25th October 2024 · 8 mins read
Canada Economics Weekly New immigration targets a headache for the Bank Alongside its decision to cut interest rates by a larger 50bp this week, the Bank of Canada outlined a set of positive economic forecasts, partly because it expects residential investment growth to... 25th October 2024 · 6 mins read
US Rapid Response Durable Goods Orders (Sep. 2024) While the fall in durable goods orders in September was mostly due to the volatile transportation components, the decline in underlying capital goods shipments will still drag on business equipment... 25th October 2024 · 2 mins read
UK Economics Weekly The knowns and unknowns of the new fiscal rule The growing likelihood that the PSNFL measure of debt will form one of the Chancellor's fiscal rules in next Wednesday's Budget theoretically means she could increase borrowing by £73bn (2.3% of GDP)... 25th October 2024 · 4 mins read
