Australia & New Zealand Economics Weekly Survey data point to resilience in economic activity Flash PMI data published yesterday showed that Australia's composite output index rose to a 10-month high in February. Taken together with other leading indicators, the data suggest upside risks to... 23rd February 2024 · 5 mins read
Global Economics Update PMIs point to stubborn price pressures in Europe Februarys’ flash PMI surveys suggest that economic activity improved in Europe at the start of this year. But services prices pressures remained elevated, especially in the UK and euro-zone, meaning... 22nd February 2024 · 2 mins read
Latin America Chart Pack Latin America Chart Pack (February 2024) Our Latin America Chart Pack has been updated with the latest data and our analysis of recent developments. The latest monthly activity data suggest that Mexico and Brazil ended 2023 on a weak note, a... 22nd February 2024 · 1 min read
Europe Economics Update Why has euro-zone services inflation stopped falling? The stalling in services disinflation in recent months is largely due to technical factors and one-offs. If services prices continue to increase at their recent pace in month-on-month terms, the year... 22nd February 2024 · 4 mins read
India Chart Pack India Chart Pack (Feb. 2024) Our India Chart Pack has been updated with the latest data and our analysis of recent developments. India’s economy performed exceptionally well last year and the latest data suggest that it has made... 22nd February 2024 · 1 min read
Latin America Rapid Response Mexico Bi-Weekly CPI (Feb.) The drop back in Mexico’s headline inflation rate to 4.5% y/y in the first half of February leaves Banxico on course to begin an easing cycle at March’s Board meeting. That said, the rise in core... 22nd February 2024 · 2 mins read
UK Economics Rapid Response UK S&P Global/CIPS Flash PMIs (Feb. 2024) The small rise in the composite activity PMI, from 52.9 in January to 53.3 in February (CE forecast 53.0, consensus 52.9), suggests that the mildest of mild recessions at the end of 2023 may soon be... 22nd February 2024 · 3 mins read
Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (Feb. 2024) Our Australia and New Zealand Chart Pack has been updated with the latest data and our analysis of recent developments. Central banks in both Australia and New Zealand are likely to remain in “wait... 22nd February 2024 · 1 min read
US Chart Pack US Chart Pack (Feb. 2024) The economy continues to appear impervious to higher interest rates and, although we expect growth to slow over the first half of this year, that slowdown is likely to be modest. But we don’t expect... 21st February 2024 · 1 min read
Event Global Drop-In: Long Run Economic Outlook – What to expect from global growth to 2050 1709218800 An AI productivity boom. A Chinese structural slowdown. Aging workforces.
Global Economics Update Can we still rely on the PMIs? The S&P Global PMI surveys have not been fully reliable guides to activity in major advanced economies over the past few years. But their relationship with GDP outside the US is still fairly strong... 21st February 2024 · 6 mins read
Africa Data Response South Africa Consumer Prices (Jan.) South Africa’s headline inflation rate picked up to 5.3% y/y in January and the rise in core inflation is likely to spook an already-hawkish SARB, possibly pushing the start of an easing cycle even... 21st February 2024 · 2 mins read
Africa Economics Update Nigeria: fresh naira falls to curb growth Nigeria saw sluggish growth over the second half of last year, and the latest falls in the naira mean inflation is set to rise even further over the coming months, which should prompt the central bank... 20th February 2024 · 3 mins read
Latin America Economics Update Brazil: inflation pressures starting to re-surface Headline inflation in Brazil has declined in recent months, but a deeper dig into the data shows that underlying price pressures are starting to build again. Although another 50bp cut in the Selic... 20th February 2024 · 4 mins read
Canada Rapid Response Consumer Prices (Jan.) While the larger-than-expected drop in headline inflation in January was partly driven by weaker than expected energy inflation, the Bank of Canada will be pleased to see the more marked easing in its... 20th February 2024 · 2 mins read
Middle East & North Africa Economics Update Israel-Hamas spillovers weigh on non-Gulf economies The main spillover to the global economy, so far, from the Israel-Hamas conflict has been major disruptions to shipping, but there has been a bigger and broader economic impact in the MENA region... 20th February 2024 · 5 mins read
