Japan Data Response Small Business Confidence (Apr.) While the decline in small business confidence in April can largely be attributed to seasonal patterns, the survey remains consistent with a stagnation in industrial output. What’s more, there are no... 26th April 2017 · 1 min read
India Chart Pack Sensex rises to record highs Indian equities have rallied over the past few months, with the benchmark Sensex stock index hitting an all-time high in early April. This reflects in part a broader pick-up across most major EM... 25th April 2017 · 1 min read
Australia & New Zealand Economics Weekly Is the surge in employment a sign of things to come? We doubt that the surge in Australian employment in March will mark the beginning of a sustained rebound in employment growth. Indeed, a deeper dive into the latest employment trends in different... 13th April 2017 · 1 min read
Australia & New Zealand Data Response Australia Labour Market (Mar.) The huge leap in employment in March looks suspicious to us and we think the stagnation in the unemployment rate at a 14-month high of 5.9% is a better signal of the state of the labour market. That... 13th April 2017 · 1 min read
UK Commercial Property Data Response Employment (Feb.) Today’s Labour Force survey gave no worrying signs about the strength of occupier demand, either nationally or in the capital, despite a slowdown in job creation. 12th April 2017 · 1 min read
UK Data Response Labour Market (Feb.) While underlying wage growth is still struggling to keep pace with inflation, the continued strength of employment growth is one reason to think that any slowdown in spending growth won’t be too sharp... 12th April 2017 · 1 min read
Australia & New Zealand Economic Outlook Australia won’t benefit much from global recovery The latest data suggest that we are right to be more downbeat than most on the outlook for Australia this year but more upbeat than most on the prospects for New Zealand. While both economies will... 12th April 2017 · 1 min read
Japan Chart Pack Price expectations too weak to reach 2% inflation The labour market continues to tighten and firms are reporting the most severe capacity shortages in years. Underlying inflation is therefore set to recover after approaching zero at the start of this... 12th April 2017 · 1 min read
US Economics Update Surveys point to diminishing labour market slack The latest NFIB and JOLT surveys suggest that, despite the slowdown in payroll employment growth last month, labour market slack continues to diminish. They also provide further evidence that this... 11th April 2017 · 1 min read
Asia Economic Outlook Stronger exports to boost growth in 2017 Buoyant global demand should help to support growth across most of Emerging Asia over the coming quarters, but mounting domestic headwinds mean a strong rebound is not on the cards. Although the... 11th April 2017 · 1 min read
Japan Data Response Economy Watchers Survey (Mar.) Today’s Economy Watchers Survey jars with the upbeat message from other sentiment surveys. The survey also points to a further slowdown in job growth in coming months. 10th April 2017 · 1 min read
UK Economics Update Brexit Watch: May softens stance on immigration Just over a week since the triggering of Article 50 and the PM Theresa May appears to have softened her stance in relation to Brexit. Despite this, markets have pushed back their expectations for the... 7th April 2017 · 1 min read
Canada Data Response Labour Force Survey (Mar.) The further gains in employment and hours worked in March are positive signs for growth in labour income. That supports our view that household spending contributed strongly to first-quarter GDP... 7th April 2017 · 1 min read
US Data Response Employment Report (Mar.) The disappointing 98,000 increase in non-farm payrolls in March will be seized upon by the usual suspects as confirmation that the US economy is poised for collapse, but the truth is this is mostly... 7th April 2017 · 1 min read
Japan Economics Weekly Monetary policy to remain loose for longer While the economy should continue to grow at a robust pace, price pressures will strengthen only slowly. And with the sales tax hike scheduled for end-2019 clouding the outlook, the Bank of Japan is... 7th April 2017 · 1 min read
Japan Data Response Labour Cash Earnings (Feb.) February’s data on labour cash earnings were a mixed bag. While growth in regular earnings slowed, wages of part-time worker grew at the fastest pace in years. The key point though is that much faster... 7th April 2017 · 1 min read
