Australia & New Zealand Chart Pack Growth to remain subdued in Australia While GDP growth in both Australia and New Zealand in the first quarter was weaker than most had anticipated, this was partly the result of temporary factors that will fade. Nonetheless, while the... 29th June 2017 · 1 min read
RBA Watch Rate hikes a long way off despite improving labour market The Reserve Bank of Australia (RBA) will almost certainly keep interest rates on hold at 1.50% when it meets on Tuesday 4 th July. And while the sustained improvement in the labour market in recent... 27th June 2017 · 1 min read
Japan Economics Weekly Has the structural unemployment rate fallen? Better education, an ageing workforce and easier job searching via the internet have reduced Japan’s structural jobless rate and kept a lid on wage growth in recent years. Even so, employers report... 23rd June 2017 · 1 min read
Japan Data Response Flash Manufacturing PMI (Jun.) Even though the manufacturing PMI fell rather sharply in June, it still points to a robust expansion in industrial output. What’s more, today’s survey suggests that price pressures continue to... 23rd June 2017 · 1 min read
India Chart Pack RBI wields new powers The Reserve Bank of India (RBI) has started to put to use its new powers to clean up the banking sector. Earlier this month it instructed several commercial banks to begin insolvency proceedings... 22nd June 2017 · 1 min read
Europe Economics Update Is Macron’s 7% unemployment rate achievable? While we think that President Macron’s labour reform plans will be broadly successful, his target for France’s unemployment rate to fall to 7% by 2022 still seems overly ambitious. With his planned... 21st June 2017 · 1 min read
Nordic & Swiss Data Response Swedish & Finnish Labour Force Surveys (May) Swedish employment growth seems set to slow but the unemployment rate should nevertheless drift lower this year after being unchanged in May. And with over one third of firms suffering from a shortage... 20th June 2017 · 1 min read
Europe Economics Update Macron’s majority bodes well, but reform won’t be easy The results of the French parliamentary elections revealing that Emmanuel Macron’s La République En Marche has achieved a huge majority bode well for the French economy and for EU relations. But he... 19th June 2017 · 1 min read
Europe Economics Weekly Slow wage growth underscores need for policy support The latest labour market data paint a positive picture of employment conditions in the euro-zone. Indeed, in Q1 the level of euro-zone employment finally surpassed its pre-crisis peak. What’s more... 16th June 2017 · 1 min read
Japan Economics Weekly Part-time earnings point to mounting wage pressure Recent gains in the hourly wages of part-time workers are an early indication that the tight labour market is finally creating some upward pressure on wages. That would be a welcome development for... 16th June 2017 · 1 min read
US Economic Outlook Growth to accelerate, but downside risks mounting In our baseline scenario, which still includes a fiscal stimulus early next year, we expect GDP growth to accelerate from 2.2% this year to 2.5% in 2018. The downside risks to that scenario have... 15th June 2017 · 1 min read
Australia & New Zealand Data Response Australia Labour Market (May) The much stronger than anticipated rise in employment in May and the fall in the unemployment rate to a four-year low will go some way to quashing growing talk of the chance of another interest rate... 15th June 2017 · 1 min read
Europe Data Response Euro-zone Industrial Prod. (Apr.) & Employment (Q1) Euro-zone industry began Q2 on a positive note with a healthy rise in production in April and surveys point to an acceleration to come. Meanwhile, the region’s labour market recovery continued, with... 14th June 2017 · 1 min read
UK Data Response Labour Market (Apr.) Despite the significant recent erosion of slack in the labour market, wage growth has failed to keep up with inflation and will weigh on consumer spending this year. 14th June 2017 · 1 min read
UK Commercial Property Data Response Employment (Apr.) Today’s labour market data were full of mixed signals. Job creation was healthy and consistent with gently rising rents at the all-property level. But, with the squeeze on real incomes intensifying... 14th June 2017 · 1 min read
Asia Chart Pack Asia well placed to withstand Fed interest rate hikes The US Fed looks almost certain to raise interest rates at its meeting later today. For most of Emerging Asia, higher rates in the US do not pose a major threat, even if the US Fed ends up hiking... 14th June 2017 · 1 min read
