Canada Chart Pack Job gains mostly part-time positions for older workers The labour market appears to have come storming back in September, with employment increasing by almost 70,000 in a single month. Under the surface, however, labour market conditions remain weak. The... 26th October 2016 · 1 min read
Japan Data Response Small Business Confidence (Oct.) Despite a rise in October, small business confidence still points to stagnant industrial production at best, and the outlook is not any better. 26th October 2016 · 1 min read
Australia & New Zealand Chart Pack Commodity prices turning into a tailwind The recent rise in the prices of some key commodity exports will go some way to boosting the national income of both Australia and New Zealand. The surge in the price of coal to a three-and-a-half... 25th October 2016 · 1 min read
India Chart Pack Core price pressures remain elevated Much of the focus both before and after the RBI’s decision to cut the repo rate by 25bp (to 6.25%) in early October has been on the sharp fall in headline inflation over the past couple of months. But... 25th October 2016 · 1 min read
US Chart Pack Economy still struggling to shake off its malaise GDP growth does appear to have accelerated in the third quarter but, after a year of below potential growth, the economy is still struggling to shake off the effects of the stronger dollar and the... 24th October 2016 · 1 min read
Asia Data Response Flash Manufacturing PMI (Oct.) The fifth straight rise in the manufacturing PMI in October indicates that firms are dealing well with the headwind from a stronger exchange rate. What’s more, the survey suggests that consumer prices... 24th October 2016 · 1 min read
Australia & New Zealand Economics Weekly The mixed and messy labour market While the Reserve Bank of Australia would do well to ignore the recent falls in employment, it will be getting more concerned that the rising share of employees working part-time will keep wage growth... 21st October 2016 · 1 min read
Nordic & Swiss Data Response Swedish Labour Force Survey (Sep.) September’s Swedish Labour Force Survey confirmed that the previous month’s poorresults were a one-off and highlights the tightness of the labour market. With firms’hiring intentions picking up in... 20th October 2016 · 1 min read
Australia & New Zealand Data Response Australia Labour Market (Sep.) The RBA may not be too worried by the further decline in employment in September since the data are subject to a couple of distortions and since the unemployment rate fell to 5.6% from 5.7%. But the... 20th October 2016 · 1 min read
UK Commercial Property Data Response Employment (Aug.) The pace of job creation slowed a little in August, but there was little in the data to suggest that a slump in occupier demand or in rental value growth is imminent. 19th October 2016 · 1 min read
UK Data Response Labour Market (Aug./Sep.) August’s labour market data showed that the EU referendum still hasn’t provided much of a hit to the jobs recovery. But surveys suggest employment growth will slow further in the coming months which... 19th October 2016 · 1 min read
Europe Economics Update Rise in French unemployment is a worrying sign The recent increase in French unemployment seems unlikely to be reversed rapidly. And while a new government may be elected next year promising job-boosting reforms, its success will be limited by... 18th October 2016 · 1 min read
UK Housing Market Outlook Housing market activity to recover next year The housing market is starting to recover from the initial shock of the Brexit vote. But with prices already high, we don’t expect a return to business as usual. Rather, we think house price growth... 17th October 2016 · 1 min read
US Economics Weekly Rising labour participation a dilemma for the Fed The marked slowdown in the rate at which the remaining slack in the labour market is being absorbed poses a big dilemma for the Fed. The standard unemployment rate has now been broadly unchanged at 5... 14th October 2016 · 1 min read
Canada Economics Weekly Recent job gains appear to be very low quality The massive 67,200 increase in the Labour Force Survey (LFS) measure of employment in September would seem to suggest that labour market conditions are improving. But under the surface there is a... 14th October 2016 · 1 min read
UK Economics Weekly How far will the pound’s fall lift inflation? The further fall in sterling over the past week or so will add to the inflationary pressures already set to build over the next few years. The drop in the exchange rate will have both direct and... 14th October 2016 · 1 min read
