Japan Chart Pack Recovery starting to unravel Japan’s economy slowed sharply in the second quarter after strong growth in the first. The monthly activity data suggest that the recovery came to a halt towards the end of Q2, while forward-looking... 21st August 2012 · 1 min read
UK Economics Weekly GDP revision won’t change big picture Last week brought yet more evidence that the economy did not do quite as badly in the second quarter as the preliminary GDP figures showed. That said, we have said before that only a massive revision... 20th August 2012 · 1 min read
US Economics Weekly Uptick in incoming data not enough to sway the Fed Since the Fed signalled at the last FOMC meeting three weeks ago that it was poised to act, the incoming economic data have, somewhat ironically, suddenly started to improve. Despite the recent uptick... 17th August 2012 · 1 min read
UK Economics Chart Pack Olympics to help sales maintain momentum After a slow start, it looks like the Olympic Games have provided a reasonable boost to high street spending. 17th August 2012 · 1 min read
UK Data Response MPC Minutes (Aug. 12) & Labour market (Jun./Jul. 12) The minutes of August’s MPC meeting supported our view that more policy stimulus is likely before long. Meanwhile, the labour market remains puzzlingly resilient, but we doubt that this can last with... 15th August 2012 · 1 min read
Asia Economics Update India mired in stagflation The latest output and inflation data suggest India is now suffering from stagflation. Industrial production has stopped growing while inflation is stuck at around 7%. What’s more, there is little... 14th August 2012 · 1 min read
UK Economics Weekly No gold medal for the economy The Olympic mood was abruptly punctured by Mervyn King as he presented the Bank of England’s Inflation Report last week. Although the lower near-term profile for inflation was good news, this was... 13th August 2012 · 1 min read
Canada Data Response Labour Force Survey (Jul. 12) July's surprisingly large 30,400 decline in employment, following two months of paltry gains, is a bad start to the second half of this year. Admittedly, the underlying details were better than the... 10th August 2012 · 1 min read
Canada Chart Pack Canada's sub-par economic performance The below par 2% rate of Canadian GDP growth over the first half of this year must be a concern for policy makers, particularly when the chances are that growth will slow even further in the second... 9th August 2012 · 1 min read
Japan Economics Update Recovery starting to unravel The Economy Watchers’ Survey, published today, adds to the growing body of evidence that Japan’s economic recovery has not just paused but has started to unravel. Worryingly, labour market conditions... 8th August 2012 · 1 min read
Emerging Europe Economics Focus Playing the long game We are among the most bearish forecasters on the near-term prospects for Emerging Europe and expect the region to underperform the rest of the emerging world over the next couple of years. But looking... 8th August 2012 · 1 min read
US Data Response Employment Report (Jul.) The bigger than expected 163,000 increase in non-farm payrolls in July, up from a muted 64,000 in June, will ease fears that the US economy is following Europe into recession. If this proves to be the... 3rd August 2012 · 1 min read
Japan Economics Weekly Trouble in Japan's labour market The recent fall in Japan’s unemployment rate looks less encouraging when we consider that the level of employment has been little changed for three years. Much of the decline in unemployment is due to... 3rd August 2012 · 1 min read
Asia Economics Weekly No quick fix to India and Pakistan’s power problems India attracted international headlines for all the wrong reasons (again) following massive power cuts that left half of its population without electricity for two days. Power cuts are alsoa big issue... 3rd August 2012 · 1 min read
Japan Economics Update Recovery loses more steam The latest figures on Japan’s economy do little to assuage fears that the recovery has lost its way. The sharp fall in the manufacturing PMI in July suggests that the industrial sector continues to... 31st July 2012 · 1 min read
Europe Data Response Euro-zone Unemployment (Jun.) & Flash CPI (Jul.) With euro-zone inflation unchanged at 2.4% in July and unemployment at a record high in June, households’ incomes are under growing downward pressure. 31st July 2012 · 1 min read
