Japan Economics Weekly Will the stronger yen speed up offshoring? While the recent strengthening of the yen has rendered outward investment cheaper for Japanese firms, we doubt that it will lift investment outflows much as the growth outlook elsewhere remains rather... 2nd September 2016 · 1 min read
UK Data Response Markit/CIPS Report on Manuf. (Aug.) The Markit/CIPS manufacturing PMI for August confirmed out suspicions that the sharp drop in July was an overreaction and adds to other survey evidence suggesting that the economy is getting over the... 1st September 2016 · 1 min read
UK Economics Update Will the Brexit vote put the brakes on car spending? Spending on the high street has remained resilient in the few months after the referendum. But one area of spending where Brexit uncertainty may already be taking its toll is car sales. The 72,727... 1st September 2016 · 1 min read
Japan Data Response Capital Expenditure (Q2) Today’s data on capital spending showed a fall that broadly matched the drop in non-residential investment in the preliminary estimate of Q2 GDP. The upshot is that the second estimate of GDP, due... 1st September 2016 · 1 min read
Latin America Economics Update Rousseff’s removal will shift attention to fiscal reforms The vote by Brazil’s Senate to formally remove President Rousseff from office was a foregone conclusion and is unlikely to have a major impact on markets. Attention will now shift to the passage of... 31st August 2016 · 1 min read
UK Data Response GfK/NOP Consumer Confidence (Aug.) Consumer confidence recovered a little in August in another sign that consumers haven’t been too unsettled by the leave vote. 31st August 2016 · 1 min read
Middle East & North Africa Economics Update What conditions will be attached to Egypt’s IMF deal? The Egyptian authorities seem close to securing an IMF deal, but the conditions attached to lending have been a stumbling block to a bailout in the past and opposition has already started to emerge... 31st August 2016 · 1 min read
India Economics Update Resetting reform priorities after the GST The passage of the Goods and Services Tax (GST) bill this month, 10 years after its introduction, was arguably the biggest legislative victory to date for the Modi government. Looking ahead, the... 31st August 2016 · 1 min read
Africa Chart Pack Africa: Policy risks cast shadow over fragile economies Official data released over the past month mostly suggested that African economies improved a touch, but a series of political shocks has hit investor confidence. The most high-profile of these as... 30th August 2016 · 1 min read
UK Economics Update Household Borrowing Monitor (Jul.) July’s household borrowing figures highlighted that the housing market continued to cool following the EU referendum and there were signs that consumers’ appetite for debt took a bit of a hit as well... 30th August 2016 · 1 min read
UK Housing Market Data Response Mortgage Lending (Jul. 16) Mortgage lending cooled in July, as the referendum hurt buyer confidence. Uncertainty has lifted somewhat since. But buyers will stay cautious as the economic backdrop softens, helping to keep lending... 30th August 2016 · 1 min read
Europe Economics Update What is Italy’s referendum all about? Italy’s forthcoming referendum on constitutional reform is expected to take place in October or November. If the reform is accepted, it could make governments more stable and passing legislation... 26th August 2016 · 1 min read
Europe Economics Weekly Mixed messages from economic surveys The euro-zone Composite PMI has held up well since the UK’s Brexit vote, but it is too soon to sound the all clear. After all, the Composite PMI measures current output rather than indicating how... 26th August 2016 · 1 min read
UK Economics Update Brexit Watch: Surveys point to slowdown but not collapse Data released this week provide further evidence that growth is slowing following the vote to leave the EU. However, they generally don’t point to an outright contraction in activity either, adding... 26th August 2016 · 1 min read
UK Economics Weekly Taking stock of data for the post-referendum period It has been two months since the UK voted to leave the EU and you could be forgiven for being puzzled by the recent data on the economy. After all, different sets of figures released have given... 26th August 2016 · 1 min read
Africa Economics Update Africa: Political risk spook investors Political risk has roiled the markets in South Africa, Nigeria, and Kenya over the past month. Tensions within South Africa’s cabinet, which pose a risk to the country’s already fragile economy... 26th August 2016 · 1 min read
