Europe Rapid Response Swiss CPI (May) Switzerland’s inflation rate remained at 1.4% in May as an increase in rents was offset by a further fall in core goods prices. With inflation in line with the SNB’s forecast published in March and... 4th June 2024 · 2 mins read
Japan Economic Outlook Window for policy tightening is closing A rebound in real household incomes should ensure that the recent slump in output should turn into above-trend GDP growth of 1% over the next couple of years. Regardless, inflation will continue to... 4th June 2024 · 18 mins read
Latin America Economics Update Answering your questions on Mexico’s election Our initial response to Claudia Sheinbaum’s victory in Mexico’s presidential election can be found here. We also held a Drop-in earlier today. This Update summarises the key points that we discussed... 3rd June 2024 · 7 mins read
Global Economics Update PMIs point to a rebound in global industry in Q2 The latest manufacturing PMIs suggest that the recovery in global industry has continued to gather momentum so far in Q2 and that price pressures have increased somewhat. But that probably won’t... 3rd June 2024 · 2 mins read
Emerging Europe Rapid Response Turkey Consumer Prices (May) The stronger-than-expected rise in Turkish inflation to 75.45% y/y in May (consensus 74.8%) is slightly disappointing. It had looked like price pressures were easing in recent months, but the 3.4% m/m... 3rd June 2024 · 2 mins read
Asia Economics Update Manufacturing PMIs & Korea Trade (May) The Manufacturing PMIs for Emerging Asia remained weak in May but have been a poor guide to the hard data on activity over the past year anyway. However, the PMIs have been a decent guide to price... 3rd June 2024 · 2 mins read
Australia & New Zealand Economics Update Wage growth will undershoot RBA’s forecasts This year’s minimum wage increase will be a bit smaller than we had anticipated. And with the looser labour market putting downward pressure on wage growth among workers not covered by the minimum... 3rd June 2024 · 3 mins read
Africa Economics Weekly SA elections: State of play & implications for the SARB South Africa’s election results have continued to trickle in, but the overriding message since the early hours of the count is that the ANC has fallen well short of a majority. A coalition with one of... 31st May 2024 · 7 mins read
US Rapid Response Income & Spending (Apr.) As expected, the PCE deflator data suggest that, although not quite as bad as the first three months of the year, inflation was still running above target in April. At the same time, however, the real... 31st May 2024 · 2 mins read
Asia Economics Weekly Vietnam: Rates to end the year lower, not higher The risk of monetary tightening in Vietnam has risen over the past few weeks due to concerns about the currency and inflation. We still think a rate hike is unlikely. But even if the central bank (SBV... 31st May 2024 · 7 mins read
Europe Rapid Response Euro-zone HICP (May 2024) May’s increases in headline and core inflation – and jump in services inflation to a seven-month high – won’t stop the ECB from cutting interest rates next week. But another reduction in July now... 31st May 2024 · 3 mins read
Australia & New Zealand Economics Weekly Reluctance to inflict pain comes back to bite the RBA We aren't convinced that the further pick-up in trimmed mean inflation in the Monthly CPI Indicator in April will be replicated in the quarterly measure that the Reserve Bank of Australia considers... 31st May 2024 · 4 mins read
Japan Rapid Response Japan Labour Market (Apr. 24) & Tokyo CPI (May 24) May’s rebound in inflation in Tokyo largely reflects a jump in electricity inflation that has further to run, but underlying inflation will continue to moderate. 31st May 2024 · 2 mins read
China Chart Pack China Chart Pack (May 24) Our China Chart Pack has been updated with the latest data and our analysis of recent developments. China’s economy is expanding at a decent pace, with the manufacturing sector a key source of... 30th May 2024 · 1 min read
Asia Chart Pack Emerging Asia Chart Pack (May 2024) Headline inflation across most of Emerging Asia is now either below or only slightly above central bank targets. Nevertheless, policymakers have struck a slightly more hawkish tone recently due to... 30th May 2024 · 1 min read
