UK Economics Chart Pack Recovery robust but housing market concerns build The last month’s data has provided further evidence that the UK economy is enjoying a ‘Goldilocks’ scenario of solid, but not excessive, growth and low inflation. The latest PMI surveys suggest that... 8th May 2014 · 1 min read
Europe Chart Pack Have the ECB's contingencies been met? The latest economic data have left the ECB’s two “contingencies” for further policy action – a worsening of the medium-term inflation outlook and an unwarranted tightening of the money markets –... 7th May 2014 · 1 min read
US Economics Update Fed's survey points to strong growth in business loans The Fed's latest Senior Loan Officer Survey illustrates the remarkable divergence between bank loans to businesses, which have increased by nearly 9% over the past year, and bank residential mortgages... 5th May 2014 · 1 min read
Europe Economics Weekly Beefed-up stress tests will be no quick fix The euro-zone’s upcoming bank stress tests are likely to be more effective than the region’s earlier attempts. But the euro-zone financial system will heal only slowly, remaining a drag on the... 5th May 2014 · 1 min read
Emerging Europe Economics Update IMF approves Ukraine deal, but enormous challenges remain The approval by the IMF of its $17bn financial support package for Ukraine is likely to ease concerns that the economy could suffer a near-term crisis, but severe challenges remain. The short-term... 1st May 2014 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Mar.14) The run of negative, net commercial property lending flows extended to 28 months in March. But we suspect that, within the net figure, gross new lending by banks and building societies will be slowly... 1st May 2014 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Mar.) March’s euro-zone monetary data underlined the continued weakness of the region’s financial system and will help to maintain the pressure on the ECB to ease monetary policy further over the coming... 29th April 2014 · 1 min read
Global Economics Update Monetary indicators show US pulling ahead The rebound in lending to non-financial companies in the US supports our view that the recovery there is gathering momentum. It also contrasts with still-lacklustre credit growth in Japan and with... 23rd April 2014 · 1 min read
US Economics Update Monetary Indicators Monitor (Mar.) Looser credit conditions, lower loan rates and the stronger economic outlook have continued to boost bank lending to businesses. This supports our view that business investment growth will accelerate... 21st April 2014 · 1 min read
China Economics Update A broad RRR cut is unlikely to come soon Yesterday’s targeted cut in the reserve requirement ratio should not be read as a signal of a broader shift towards monetary loosening. The last thing that policymakers want to see is another credit... 17th April 2014 · 1 min read
Europe Economics Update Austria’s recovery still faces obstacles Austria is likely to remain one of the best performing euro-zone core economies over the coming years. Even so, the banking sector remains a weak spot and is particularly exposed to an intensification... 15th April 2014 · 1 min read
China Data Response Lending, credit (Mar.) & FX reserves (Q1) Despite a surge in bank loans and relatively loose interbank liquidity conditions in March, today's data show that the credit slowdown is still on track. Meanwhile, although the foreign exchange... 15th April 2014 · 1 min read
Middle East & North Africa Economics Update How sustainable is the Saudi consumer credit boom? There appears to be a growing consensus that improvements in the Saudi Arabian labour market mean that the country can sustain rapid consumer credit growth. While we think there is some justification... 9th April 2014 · 1 min read
UK Housing Market Data Response Bank of England Credit Conditions Survey (Q1 14) In both the residential and commercial property sectors, credit supply and demand are rising. However, those looking to secure a mortgage may find things more difficult over the next few months, with... 3rd April 2014 · 1 min read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q1 14) In both the residential and commercial property sectors, credit supply and demand are rising. However, those looking to secure a mortgage may find things more difficult over the next few months, with... 3rd April 2014 · 1 min read
UK Data Response CIPS Report on Services (Mar.) & Credit Con. Survey (Q1.) The further deterioration in the tone of the CIPS/Markit services survey in March shouldn’t ring too many alarm bells about the strength of the economic recovery. 3rd April 2014 · 1 min read
