Australia & New Zealand Rapid Response New Zealand GDP (Q2 2023) The unexpectedly strong rebound in activity last quarter means that the RBNZ may well judge it has more work to do. All told, there are growing risks that the Bank will not only hike again, but also... 20th September 2023 · 2 mins read
India Chart Pack India Chart Pack (Sep. 2023) Our India Chart Pack has been updated with the latest data and our analysis of recent developments. India’s economy is showing signs of coming off the boil, and core inflation is moderating. However... 20th September 2023 · 1 min read
UK Economic Outlook A protracted peak A slower fall in core inflation than in the US or the euro-zone will mean that the Bank of England keeps interest rates on hold at the probable peak of 5.50% for longer than the US Fed or the ECB. But... 18th September 2023 · 18 mins read
US Rapid Response Retail Sales (Aug.) The 0.6% m/m rise in retail sales values in August was mostly due to price-related strength in gasoline sales, with the muted 0.1% rise in underlying control group sales suggesting that consumption... 14th September 2023 · 2 mins read
Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (Sep. 2023) Our Australia & New Zealand Chart Pack has been updated with the latest data and our analysis of recent developments. Although central banks in both Australia and New Zealand are unlikely to drop... 14th September 2023 · 1 min read
Japan Chart Pack Japan Chart Pack (Sep. 2023) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. We no longer expect the economy to enter a recession. But with real disposable incomes falling, we... 11th September 2023 · 1 min read
Europe Economics Update Falling inflation no guarantee of higher consumption We think that the positive impact of lower inflation on households’ real incomes in the coming quarters will be offset by weaker employment and nominal wage growth. As a result, we don’t think that... 7th September 2023 · 3 mins read
Europe Economics Update Spain and Italy hit harder by ECB rate hikes The higher share of floating rate mortgages in Italy and Spain means that household interest spending in both countries has risen much further than in Germany and France. Interest spending is also set... 6th September 2023 · 3 mins read
Europe Rapid Response Euro-zone Retail Sales (July 2023) Euro-zone retail sales fell in July and, in our view, will keep declining over the rest of the year as the effects of tighter monetary policy continue to feed through to consumers. 6th September 2023 · 2 mins read
Japan Economic Outlook Bank of Japan will remain the odd one out We no longer expect Japan’s economy to enter a recession. However, with real household incomes set to fall until the end of this year, domestic demand growth will remain sluggish. Accordingly, we... 4th September 2023 · 18 mins read
US Economics Weekly Price pressures easing even as consumers go crazy This week brought more data showing that real economic activity is holding up surprisingly well given surging interest rates but, in part due to the easing in labour market conditions, price pressures... 1st September 2023 · 5 mins read
China Economics Weekly A major step-up in support Stimulus efforts are finally gaining momentum. Yesterday, regulators announced measures to support households and shore up the property sector, including looser downpayment requirements and reductions... 1st September 2023 · 6 mins read
China Chart Pack China Chart Pack (Aug. 2023) Our China Chart Pack has been updated with the latest data and our analysis of recent developments. China's reopening recovery has fizzled out and the economy is now at risk of a downward spiral. We... 31st August 2023 · 1 min read
Japan Rapid Response Japan Industrial Production & Retail Sales (Jul. 23) 31st August 2023 · 2 mins read