Europe Chart Pack Surveys and hard data point to Q4 GDP growth pick-up Recent hard data for the euro-zone have generally been encouraging. Despite falling in November, the level of retail sales remains fairly high after a strong rise in October. And while industrial... 9th January 2017 · 1 min read
Europe Data Response Euro-zone Unemployment (Nov.) November’s euro-zone unemployment data reaffirm our view that the labour market is experiencing only a gradual recovery. Indeed, the unemployment rate is still high, while survey indicators point to... 9th January 2017 · 1 min read
Global Economics Chart Pack World economy entering 2017 with some momentum The world economy is entering 2017 with stronger growth and rising inflation, but prospects for the rest of the year are more mixed. Activity has picked up in unison across the major economies in... 6th January 2017 · 1 min read
UK Economics Chart Pack A strong end to 2016 Revisions from the ONS mean that quarterly GDP growth in Q3 is now estimated to have been 0.6% – the same as in Q2. What’s more, business surveys suggest that this pace was maintained in Q4... 6th January 2017 · 1 min read
Canada Data Response Labour Force Survey (Dec.) & Int. Trade (Nov.) The massive 54,000 increase in employment in December continued the barely believable run of job gains over the past few months. The economy added 108,000 jobs in the fourth quarter, the most since... 6th January 2017 · 1 min read
US Data Response Employment Report (Dec.) & Int. Trade (Nov.) The more modest 156,000 increase in non-farm payrolls in December suggests that labour market conditions weakened just a fraction in the closing stages of last year. Nevertheless, that is still a... 6th January 2017 · 1 min read
Japan Data Response Labour Cash Earnings (Nov.) Headline wage growth remained close to zero in November and part-time wages would have to rise at a much stronger pace to generate faster gains in consumer prices. 6th January 2017 · 1 min read
US Employment Report Preview Labour market close to full employment We estimate that non-farm payroll employment growth picked up to 200,000 in December. And although the unemployment rate may have edged back up to 4.7%, this would still leave it below Fed officials’... 3rd January 2017 · 1 min read
Canada Economics Weekly Labour market slack increasing Nowhere is the lingering damage to the economy caused by the commodity price slump more evident than in the labour market. Unemployment is still rising sharply in the worst-affected regions, while... 22nd December 2016 · 1 min read
US Economics Weekly Border adjustment proposal is equal parts genius and crazy The switch to a so-called ‘border adjustment’ system of corporate tax, which was included in the House Republicans’ ‘Better Way’ proposals earlier this year, is beginning to draw more attention in the... 22nd December 2016 · 1 min read
Emerging Markets Economics Chart Pack EM recovery dependent on China The EM world is now growing at its fastest pace in nearly two years. According to our GDP tracker, EM GDP growth in October reached 3.5% y/y, which is the strongest since January 2015. China has been... 21st December 2016 · 1 min read
India Chart Pack Reform agenda takes off in 2016 2016 will be remembered as the year that Prime Minister Modi finally began to deliver on promises of much-needed economic reform. However, with a number of state elections due to take place over the... 21st December 2016 · 1 min read
Nordic & Swiss Chart Pack Mixed performance in Q3, but surveys bode well for Q4 Recent national accounts data showed a marked divergence in quarterly economic growth in Q3, with the Swiss economy stagnating while the Icelandic economy expanded by an impressive 4.6% q/q. In the... 20th December 2016 · 1 min read
Canada Chart Pack Underlying momentum in economy still sluggish The 3.5% annualised rebound in third-quarter GDP, after the 1.3% contraction in the second quarter caused by wildfire-related disruptions to oil production, is encouraging, but the underlying momentum... 19th December 2016 · 1 min read
US Chart Pack Survey evidence points to solid GDP growth The survey evidence has strengthened considerably in recent months and even though fourth-quarter GDP growth will probably fall back to 2.2% annualised, as the third-quarter spike in exports is... 19th December 2016 · 1 min read
UK Economics Chart Pack Good start to the festive season There has been no sign of a let-up in the strong pace of high-street spending growth at the start of the festive season. But it seems doubtful that spending will maintain its recent strength in the... 15th December 2016 · 1 min read
