Europe Rapid Response Euro-zone Retail Sales (July 2024) Retail sales increased by 0.1% in July, and we expect them to rise further in the coming months, though at only a fairly modest pace. 5th September 2024 · 2 mins read
Australia & New Zealand Rapid Response Australia GDP (Q2 2024) Although activity likely bottomed out last quarter, the ongoing weakness in private demand raises the risk that the RBA will cut rates sooner rather than later. 4th September 2024 · 3 mins read
US Rapid Response Income & Spending (Jul.) The July income and spending report shows price pressures remaining muted despite the strength of real consumption. The latter suggests that third-quarter consumption growth will be 3.7%. Even... 30th August 2024 · 2 mins read
Japan Chart Pack Japan Chart Pack (Aug. 2024) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. Wage growth is starting to outpace inflation and with real incomes rising, the rebound in consumer... 26th August 2024 · 1 min read
Canada Rapid Response Canada Retail Sales (Jun. 2024) Despite the 0.1% m/m gain in June, retail sales volumes contracted last quarter, suggesting that household consumption growth also slowed. Prospects for the third quarter look better, with the... 23rd August 2024 · 2 mins read
US Chart Pack US Chart Pack (Aug. 2024) The weaker July employment report and another set of mild inflation data mean the Fed remains on track to cut interest rates in September. With the activity data still supportive of our view that the... 19th August 2024 · 1 min read
US Rapid Response Uni. of Michigan Consumer Sentiment (Aug. 2024) The small rebound in the University of Michigan consumer sentiment index in August was entirely driven by recent political developments, and still leaves it below its level for most of this year. At... 16th August 2024 · 2 mins read
China Economics Weekly Not a balance sheet recession, yet Weak credit data has stoked fears of a balance sheet recession in China. While the economy is still far from reaching that point, the private sector will eventually start to cut down on its borrowing... 16th August 2024 · 6 mins read
UK Economics Rapid Response UK Retail Sales (Jul. 2024) After a weather disrupted Q2, July’s 0.5% m/m rise in retail sales volumes (consensus forecast 0.6% m/m, CE forecast 0.5% m/m) was largely driven by two sectors and only partially reversed June’s 0.9%... 16th August 2024 · 3 mins read
Japan Economics Weekly Consumption revival points to another rate hike The strong rebound in household consumption last quarter was underpinned by a pick-up in real incomes. This should allay lingering concerns among BoJ policymakers that the economy is too weak to cope... 16th August 2024 · 5 mins read
US Rapid Response Retail Sales (Jul. 2024) There was almost nothing in the July retail sales report for the perma-bears to latch on to, with the rebound in retail sales led by a recovery in vehicle sales, but encouragingly broad-based with... 15th August 2024 · 2 mins read
Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (August 2024) The Antipodean central banks will tread different paths when it comes to policy setting in the near term. With the New Zealand economy in a tailspin and inflation well on its way to target, the RBNZ... 15th August 2024 · 1 min read
UK Economics Weekly Strong rebound in housing activity an upside risk to GDP Our forecast implies that the recovery in the housing market will both directly and indirectly add about 0.8% to the level of GDP by the end of 2026. But the risk is that the housing market rebound is... 9th August 2024 · 11 mins read
Middle East & North Africa Economics Update UAE’s to remain the Gulf’s star economy The UAE’s economy has been the strongest performer in the Gulf over the past year or so and a robust non-oil sector should help the UAE retain its crown as the fastest growing economy in the region. 6th August 2024 · 4 mins read
