UK Economics Weekly Will inflation be below 2% for the first time in 3 years? Next Wednesday’s release of April’s CPI inflation data could prove momentous if we’re right in thinking that inflation fell from 3.2% in March to below the 2.0% target for the first time in three... 17th May 2024 · 9 mins read
Japan Economics Weekly Weak activity won’t forestall BoJ tightening On the Bank of Japan's favoured measure, spare capacity has remained tight across the economy despite the recent weakness of GDP - which this week's data confirmed extended into Q1. That's another... 17th May 2024 · 7 mins read
Australia & New Zealand Economics Weekly Government leaves RBA to go it alone Contrary to the claims made by Treasurer Jim Chalmers, measures in the 2024/25 Budget will do little to alleviate price pressures. That means the onus of bringing inflation under control will fall... 17th May 2024 · 4 mins read
Australia & New Zealand Rapid Response Australia Labour Market (Apr. 2024) 16th May 2024 · 2 mins read
Global Economics Chart Pack Global Economics Chart Pack (May 2024) Our Global Economics Chart Pack has been updated with the latest data and our analysis of recent developments. The latest data suggest that activity in Europe picked up at the start of this year, and... 15th May 2024 · 0 mins read
Australia & New Zealand Rapid Response Australia Wage Price Index (Q1 2024) 15th May 2024 · 2 mins read
UK Economics Rapid Response UK Labour Market (Mar. 2024) While the further easing in regular private sector pay growth in March suggests that wage pressures faded a bit faster than the Bank of England expected, broader measures of wage growth are probably... 14th May 2024 · 3 mins read
Australia & New Zealand Economics Update RBNZ to cut rates more aggressively than most expect We expect the RBNZ to leave policy settings unchanged at its meeting next week. Although the domestic economic backdrop is clearly weak, lingering risks around inflation persistence means policy... 14th May 2024 · 6 mins read
Europe Chart Pack Europe Chart Pack (May 2024) The latest data are consistent with our view that the euro-zone will grow only slowly in the coming quarters. With the labour market softening and inflation continuing to fall, the ECB has signalled... 9th May 2024 · 1 min read
Australia & New Zealand Economics Update Inflationary pressures in the labour market set to chill All signs are that unit labour cost growth in New Zealand will plummet in the coming quarters. Coupled with subdued domestic demand, that should feed through to lower non-tradables inflation in short... 9th May 2024 · 5 mins read
UK Economics Chart Pack UK Economics Chart Pack (May 2024) While regular private sector wage growth in February and services CPI inflation in March were both a bit higher than the Bank of England had expected, we still think that the flatlining of the economy... 8th May 2024 · 1 min read
US Economics Weekly Fundamentals point to slower wage growth Fed Chair Jerome Powell argued in his post-FOMC press conference this week that, despite the stickiness of inflation in recent months, additional interest rate hikes were still “unlikely”. We still... 3rd May 2024 · 5 mins read
US Rapid Response Employment Report (Apr.) April’s employment report was weaker across the board; with employment growth slowing back to the pace from last fall, the unemployment rate ticking up to 3.9% and average hourly earnings growth... 3rd May 2024 · 2 mins read
