China Chart Pack Property market starting to cool One of the key drivers of the economic turnaround this year, the property market,is starting to cool. Growth in the prices of new residential properties slumped inOctober in the largest (tier 1 and... 18th November 2016 · 1 min read
Australia & New Zealand Data Response Australia Labour Market (Oct.) While employment increased in October for the first time since July, revisions to September’s figures meant that the annual rate of employment growth fell to a two-year low of 0.9% y/y, which will do... 17th November 2016 · 1 min read
UK Commercial Property Data Response Employment (Sep.) The number of people in work dropped back slightly in September, reflecting a relatively broad-based slowing in the labour market across different job types. 16th November 2016 · 1 min read
UK Data Response Labour Market (Sep./Oct.) Today’s figures confirmed the indications from the surveys that the leave vote is starting to sap the jobs recovery of its previous strength. 16th November 2016 · 1 min read
Australia & New Zealand Economic Outlook Commodity prices shift from headwind to tailwind The recent leap in the prices of the main commodity exports of Australia and New Zealand will boost domestic demand in both economies, but it is unlikely to lead to much faster wage growth and much... 15th November 2016 · 1 min read
Japan Chart Pack Treading water Despite having a sizeable output gap, Japan’s economy has expanded at a pace no stronger than potential this year so slack in the economy has not been reduced. One reason is that consumer spending has... 10th November 2016 · 1 min read
Japan Data Response Economy Watchers Survey (Oct.) Allowing for seasonal factors, the Economy Watchers Survey climbed to a ten-month high in October. However, the index remains consistent with sluggish activity in the manufacturing sector. 9th November 2016 · 1 min read
US Economics Update NFIB & JOLT surveys suggest wage growth has further to rise The latest NFIB and JOLT surveys provide further evidence that labour market slack is diminishing only very gradually. That said, they suggest that the recent acceleration in wage growth is set to... 8th November 2016 · 1 min read
Japan Data Response Labour Cash Earnings (Sep.) Wage growth remained weak in September as regular earnings are barely rising. The upshot is that the tight labour market has yet to generate noticeable cost pressures. 7th November 2016 · 1 min read
Global Economics Chart Pack World economy in decent shape on eve of US elections Investor concerns about the outcome of the US presidential election have caused substantial currency and equity market movements in the past few weeks. However, the Vix “fear gauge” has not yet risen... 7th November 2016 · 1 min read
Australia & New Zealand Economics Update Surge in part-time employment in Australia may soon slow While the structural shift towards part-time employment has further to run, an easing in economic growth in industries with a higher than average share of part-time employees suggests that the speed... 7th November 2016 · 1 min read
Canada Data Response Labour Force Survey (Oct.) & Trade (Sep.) The unexpected 43,900 increase in employment in October was driven entirely by gains in part-time work, which is more evidence that the economy is struggling to generate quality high-paying jobs. Even... 4th November 2016 · 1 min read
US Data Response Employment Report (Oct.) The solid gain in employment and the acceleration in hourly wage growth in October will reinforce expectations that the Fed will hike interest rates in December (assuming that the election doesn’t... 4th November 2016 · 1 min read
UK Economics Chart Pack Economy sustains its momentum but price pressures rise The latest business surveys suggest that the economy maintained its strength at the start of Q4. Gains in both the Markit/CIPS services and construction PMIs in October left the economy-wide composite... 3rd November 2016 · 1 min read
Europe Data Response Euro-zone Unemployment (Sep.) September’s euro-zone unemployment data suggest that, while the labour market is still strengthening, it is doing so at a slow pace. And forward-looking indicators suggest that the labour market... 3rd November 2016 · 1 min read
Australia & New Zealand Data Response New Zealand Labour Market (Q3) While employment growth was stronger than expected in the third quarter, wage growth remained worryingly weak. This will do little to allay the RBNZ’s concerns about the inflation outlook and as a... 2nd November 2016 · 1 min read
