Global Economics Update PMIs imply that goods shortages are pushing up prices The global manufacturing PMI held broadly steady in May as a sharp drop in India’s survey was offset by rises in other major economies whose recoveries appear to be continuing unabated. Meanwhile... 1st June 2021 · 2 mins read
Global Trade Monitor Higher costs and delays are not damaging demand The further rise in real trade in March suggests that external demand continued to recover, even as capacity constraints related to shipping were intensifying. And while shipping costs have risen and... 26th May 2021 · 4 mins read
Global Economics Update PMIs: supply is struggling to keep up with demand The flash PMIs for May suggest that the recovery is well underway in those economies that are now on top of the virus. However, supply is still struggling to keep up with surging demand. And as well... 21st May 2021 · 2 mins read
Global Economics Chart Pack Near-term inflation pressures mount Near-term inflationary pressures appear to be building. Some of this reflects factors that are likely to be only temporary, such as the “reopening inflation” associated with the easing of virus... 17th May 2021 · 15 mins read
Global Economics Update COVID Recovery Monitor Our Mobility Trackers suggest that global economic activity has continued to pick up and this positive trend should continue as vaccination programmes gather pace and there is a more widespread... 10th May 2021 · 6 mins read
Global Economics Update Monitoring inflation as economies open up In this Update, we outline the key data that will help us gauge the evolution of inflationary pressure in advanced economies as they open up. Pandemic-related distortions mean that it is particularly... 5th May 2021 · 6 mins read
Global Economics Update PMIs show that cost pressures have intensified The rise in the global manufacturing PMI suggests that the strong recovery in industrial production continued in April, but supply constraints are continuing to push up prices around the world. While... 4th May 2021 · 3 mins read
Global Economics Update PMIs paint a positive picture with US streaking ahead The advanced economy flash PMIs for April painted a positive picture, albeit with recoveries in the US and UK seemingly far outpacing those in the euro-zone and Japan as restrictions were relaxed in... 23rd April 2021 · 3 mins read
Global Economics Chart Pack Virus & vaccine setbacks push back timing of recovery The world economy lost considerable momentum in the first quarter as resurgences of the virus and tighter lockdown measures weighed on activity. The lesson from Q4 last year was that households and... 16th April 2021 · 15 mins read
Global Economics Update COVID Recovery Monitor Mobility data have weakened in many parts of the world in recent weeks as virus numbers either remain high or continue to climb, risking restrictions staying in place for even longer. The latest data... 9th April 2021 · 6 mins read
Global Economics Update Aggregate world trade data mask Asia/RoW disparity While Asian goods exports have fared better than those from the rest of the world and especially those from advanced economies over the past year, this performance gap should narrow as economies... 8th April 2021 · 2 mins read
Global Economics Update PMIs show further rise in manufacturers’ costs The rise in March’s global manufacturing PMI suggested that world industrial production continued to recover. But the headline index masked a divergence at the country level, with sizeable gains in... 1st April 2021 · 3 mins read
Global Central Bank Watch Central bank mission creep There have been several cases of central bank mission creep in recent months, with policy remits widening to cover areas other than consumer price inflation. The Bank of England is now helping to... 29th March 2021 · 15 mins read
Global Trade Monitor Suez blockage could add to pressure on shipping costs Data from the CPB Netherlands Bureau suggested that world trade had shrugged off rising shipping costs up to January, with real goods trade rising by 2.5% m/m. The outlook is broadly positive. But if... 25th March 2021 · 4 mins read
Global Economics Update COVID Recovery Monitor Our Mobility Trackers suggest that the recent rise in coronavirus infections and associated restrictions are weighing on activity in Latin America, emerging Europe and the euro-zone. In contrast... 23rd March 2021 · 6 mins read
Global Inflation Watch Inflation is about to jump, but will the rise persist? Inflation will rise sharply in every major economy in the months ahead, driven by a rebound in energy inflation, tax changes, and supply shortages. On average, CPI inflation in the advanced economies... 19th March 2021 · 15 mins read
