Australia & New Zealand Chart Pack Turning point? The encouraging signs about the health of the Australian economy have continued over the past month, with employment growth gathering pace and the outlook for business investment improving. (See Chart... 28th September 2017 · 1 min read
Japan Data Response Small Business Confidence (Sep.) Small business confidence was little changed in September and points to modest gains in industrial production. Meanwhile, the survey confirms that capacity shortages have intensified but suggests that... 27th September 2017 · 1 min read
India Chart Pack Core price pressures are building Some have argued that the recent jump in inflation is all about a surge in volatile food prices, with the implication that it shouldn’t have a significant bearing on monetary policy. But this ignores... 21st September 2017 · 1 min read
Emerging Europe Chart Pack Early signs of a Q3 pick-up The latest data suggest that, following a strong Q2, growth in Emerging Europe as a whole picked up further in Q3. Activity figures from Poland improved in July and August and the early signs are that... 20th September 2017 · 1 min read
China Chart Pack Property market set to cool further Some have pointed to a rise in home sales and housing starts growth in August as evidence that China’s property sector is holding up well despite the government’s curbs. But while the property sector... 19th September 2017 · 1 min read
Emerging Europe Economics Update How big is the overheating risk in Hungary? There are no clear signs yet that Hungary’s economy is overheating but, by the same token, growing signs that the economy is hitting capacity constraints sit uncomfortably with the MPC’s continued... 18th September 2017 · 1 min read
Europe Data Response Euro-zone Labour Costs (Q2) & Trade (Jul.) Today’s euro-zone labour costs data reinforce our view that the ECB will set out in October its plans to taper its asset purchases to zero in the first nine months of 2018. Meanwhile, July’s fall in... 15th September 2017 · 1 min read
Australia & New Zealand Economics Weekly What does the surge in full-time jobs mean for wages? While the acceleration in full-time jobs growth in Australia since the start of the year is clearly a positive development for income and consumption growth, the impact on wage growth and inflation is... 15th September 2017 · 1 min read
Australia & New Zealand Data Response Australia Labour Market (Aug.) The age-old volatility of Australia’s jobs data has given way to a remarkable period of consistency, with the 54,200 leap in August marking the eleventh rise in as many months. That’s the longest run... 14th September 2017 · 1 min read
Japan Chart Pack Taper without the tantrum While the Bank of Japan didn’t reduce the pace of its bond purchases any further in August, they are much lower now than they were when Yield Curve Control was launched. Nonetheless, bond yields have... 14th September 2017 · 1 min read
UK Data Response Labour Market (Jul.) The latest labour market figures continued the recent pattern of employment growing strongly and the unemployment rate falling further, but wage growth failing to respond. 13th September 2017 · 1 min read
Europe Data Response Euro-zone Industrial Production (Jul.) & Employment (Q2) Despite July’s small rise in euro-zone industrial production, growth in the sector will probably slow in Q3. But with more timely survey indicators still strong, any slowdown should be modest. 13th September 2017 · 1 min read
US Economics Update NFIB & JOLT surveys suggest weak wage growth won’t last While the recovery in business investment looks set to continue, the latest surveys suggest that firms will soon have to increase the pay they are offering if they want to hire additional workers. 12th September 2017 · 1 min read
Canada Data Response Labour Force Survey (Aug.) The stronger 22,200 gain in employment in August is an encouraging sign for continued income and consumption growth in the third quarter. Meanwhile, the further drop in the unemployment rate to 6.2%... 8th September 2017 · 1 min read
Japan Economics Weekly Full-time staff shortages point to faster wage growth Part-time wages have been rising at a reasonable rate for a while but, with evidence now building the firms are finding it harder to hire sufficient full-time workers, a pick-up in broader wage growth... 8th September 2017 · 1 min read
Australia & New Zealand Economics Weekly Households looking increasingly fragile The slump in real income growth has forced Australian households to reduce their saving rate to a nine-year low in order to continue increasing their spending. This can’t continue indefinitely... 8th September 2017 · 1 min read
