Canada Economics Weekly Slack in labour market has increased Canadian labour market conditions appear to have deteriorated over the past year and a half, even though the unemployment rate has been unchanged. While net employment gains have been unusually weak... 21st July 2014 · 1 min read
UK Economics Weekly Is the worst over for pay? Last week’s labour market data was something of a curate’s egg. Although a further fall in theunemployment rate indicated that the jobs recovery has continued at a rapid pace, the earningsfigures... 21st July 2014 · 1 min read
Canada Economic Outlook Lower interest rates won't prevent slowdown Canada's economy will struggle over the next two years due to a housing-induced slowdown that potentially could push the economy close to stagnation before the end of 2016. While export and investment... 16th July 2014 · 1 min read
Africa Economics Update South Africa: solid but unspectacular outlook for retailers Amid the recent sharp contractions in output from South Africa’s manufacturing and mining sectors, the better-than-expected performance from the retail sector comes as welcome news. But given that... 16th July 2014 · 1 min read
UK Data Response Labour Market Data (May/Jun.) Although employment has continued to grow rapidly, there still appears to beenough slack in the jobs market to prevent pay from picking up. 16th July 2014 · 1 min read
China Economics Update Q2 growth edges up on policy fine-tuning Economic activity appears to have picked up in June, resulting in stronger-than-expected Q2 growth. This should assuage hard landing fears and leave policymakers feeling vindicated in their decision... 16th July 2014 · 1 min read
US Economics Weekly Quality of jobs being created is above average Canada's economy will struggle over the next two years due to a housing-induced slowdown that potentially could push the economy close to stagnation before the end of 2016. While export and investment... 14th July 2014 · 1 min read
Global Economic Outlook Getting back to normal Global growth is likely to accelerate a bit during the coming two years while inflation and interest rates should generally remain very low. The US and UK are set for a period of fairly rapid growth... 11th July 2014 · 1 min read
Canada Data Response Labour Force Survey (Jun.) Canada's shocking 9,400 decline in employment, following almost no gains over the previous six months, suggests that the economy is really struggling. Clearly, the economy just isn't benefitting from... 11th July 2014 · 1 min read
Europe Economic Outlook As good as it gets? While the European economic recovery probably picked up a bit of speed in the second quarter of the year, there are growing signs that Q2 was as good as it is likely to get. Activity indicators in the... 8th July 2014 · 1 min read
Global Economics Chart Pack US pulling further ahead of the euro-zone All the evidence suggests that the US economy has bounced back during the past few months, after its weather-induced slump. Business surveys have remained buoyant, credit growth has accelerated and... 4th July 2014 · 1 min read
UK Economics Chart Pack Pay growth likely to spring back soon While the economic recovery appears to have accelerated in Q2, workers are still failing to see the benefits in their pay packets. Annual growth in average weekly earnings fell from 2.2% to -1.7% in... 3rd July 2014 · 1 min read
US Data Response Employment Report (Jun. 14) The evident strength of the labour market in June is one of the key reasons why we think that the Fed will be persuaded to begin raising interest rates earlier than most expect. The unemployment rate... 3rd July 2014 · 1 min read
Europe Data Response Euro-zone Unemployment (May) & Final Manu. PMI (Jun.) May's unemployment data highlighted that the euro-zone’s economic recovery is still too weak to erode the significant amount of slack in the labour market. 1st July 2014 · 1 min read
Japan Data Response Labour Cash Earnings (May) The first rise in base pay in almost two years suggests that PM Abe's "Wage Surprise" is starting to work. 1st July 2014 · 1 min read
Japan Data Response Tankan (Q2) While today's Tankan points to a contraction in GDP of around 0.5% q/q last quarter, the survey suggests that the recovery will resume in the second half of the year. 1st July 2014 · 1 min read
