US Rapid Response ISM Manufacturing Index (Nov.) The unchanged reading of 46.7 for the ISM manufacturing index in November suggests that manufacturing activity continued to struggle despite the end of the United Auto Workers strike. There will... 1st December 2023 · 2 mins read
UK Economics Weekly Cooling labour market will be crucial for rate cuts The possibility that the labour market is tighter than it looked has placed a question mark over when the Bank of England will be able to cut interest rates. Our forecast for services inflation and... 1st December 2023 · 4 mins read
UK Housing Market Rapid Response Nationwide House Prices (Nov. 23) The further small increase in the Nationwide house price index in November was unexpected and came on the heels of an even larger rise in October. It means house prices are on track to fall by just 2%... 1st December 2023 · 2 mins read
Japan Economics Weekly Sluggish activity need not prevent BoJ from tightening Consumer spending probably isn't quite as weak as the retail sales would suggest and we still expect GDP to rebound this quarter. However, the continued weakness in new job openings suggests that the... 1st December 2023 · 7 mins read
Australia & New Zealand Economics Weekly RBA has succeeded in stamping out housing rebound House price growth has been slowing in recent months and CoreLogic's daily data suggest that prices are now falling again in Melbourne and Sydney. A renewed downturn in the housing market suggests... 1st December 2023 · 6 mins read
Australia & New Zealand Data Response Australia CoreLogic House Prices (Nov.) House price growth kept slowing in Australia in November and, with affordability the most stretched since the early 1990s, that slowdown has further to run. 30th November 2023 · 3 mins read
Canada Chart Pack Canada Chart Pack (Nov. 23) GDP contracted in the third quarter and there are downside risks to the outlook. As house prices are falling again, household debt is elevated and high interest rates are still feeding through, the... 30th November 2023 · 1 min read
US Employment Report Preview Stronger employment growth won’t last While we expect the return of striking workers to help non-farm payrolls rise by a stronger 200,000 in November, underlying labour demand probably eased. 30th November 2023 · 3 mins read
Canada Rapid Response Canada GDP (Q3 & Sep.) On the face of it, the upward revision to second-quarter GDP growth combined with the preliminary estimate of a strong monthly gain in October suggests that the surprisingly large fall in third... 30th November 2023 · 3 mins read
UK Economics Focus What would convince the Bank of England to cut rates? The key indicators that have usually convinced the Bank of England to cut interest rates suggest the first cut could come in Q1 2024. That said, rates have risen to a lower peak than most models... 30th November 2023 · 14 mins read
Australia & New Zealand Rapid Response Australia Private New Capital Expenditure (Q3 2023) 30th November 2023 · 2 mins read
Japan Rapid Response Japan Retail Sales & Industrial Production (Oct. 23) 29th November 2023 · 2 mins read
