India Data Response Manufacturing PMI (Mar.) India’s manufacturing PMI reading edged up in March and points to healthy growth in the sector. This should provide some added source of comfort to the RBI to hike rates again this Thursday. But the... 3rd April 2023 · 3 mins read
Asia Data Response Manufacturing PMIs & Korea Trade (Mar.) Manufacturing PMIs in Emerging Asia dropped back in March, driven by a fall in the new export orders and employment sub-indices. With global growth set to remain weak in the coming quarters, we expect... 3rd April 2023 · 3 mins read
China Data Response Caixin Manufacturing PMI (Mar.) The Caixin manufacturing index was more downbeat than its official counterpart, especially when it came to export orders. Taken together, the surveys suggest that growth in factory activity dropped... 3rd April 2023 · 2 mins read
Japan Data Response Japan BoJ Tankan (Q1 2023) Today’s Tankan survey suggests that while the services sector remains resilient, the outlook for the manufacturing sector has worsened materially. 3rd April 2023 · 3 mins read
Canada Economics Weekly Temporary factors support strong start to the year The strength of GDP growth at the start of the year reflected several temporary factors. The Bank of Canada’s latest quarterly surveys, released next week, will provide a better guide to how firms and... 31st March 2023 · 6 mins read
US Economics Weekly Recent strong momentum starts to wane After an unexpectedly strong start to the year in January, which was mostly maintained in February, the March data will tell us whether that early strength was a temporary weather-related spike or a... 31st March 2023 · 8 mins read
UK Economics Weekly Banking strains will amplify tightening in credit conditions Even before the turmoil in the banking sector, UK banks were planning on sharply reducing the amount of credit available to households. The recent strains in the banking sector will amplify the... 31st March 2023 · 5 mins read
Canada Data Response GDP by Industry (Jan.) The strength of GDP growth in January, and probably February too, suggests the Bank of Canada will use its April meeting to reiterate that, despite the recent banking turmoil, it is still prepared to... 31st March 2023 · 2 mins read
Europe Economics Weekly Calm after the storm, but inflation still a headwind With the banking sector panic subsiding, attention is returning to the inflation outlook. And as core euro-zone inflation edged up to a new all-time high in March we think policymakers will remain in... 31st March 2023 · 7 mins read
Asia Economics Weekly Korean industry struggling, CPTPP+UK Korea’s manufacturing sector is in for a painful year with bloated inventories and weak external demand set to drag on production. Data published earlier today showed that production of semiconductors... 31st March 2023 · 10 mins read
UK Data Response GDP (Q4 Final) The final Q4 2022 GDP data suggested the economy was even more resilient in 2022 than we previously thought, as the government absorbed some of the hit to households from high inflation. But we still... 31st March 2023 · 3 mins read
Australia & New Zealand Economics Weekly Minimum wage will surge again With Australian unions and the government both in agreement on the need to protect low-income workers, we expect a bumper 6% rise in the minimum wage this year. However, given the low share of workers... 31st March 2023 · 5 mins read
Japan Economics Weekly Yield Curve Control still on counted time The Bank of Japan faces a dilemma as inflationary pressures are becoming increasingly broad-based at the same time as economic activity is softening. What may tilt the balance towards the ending of... 31st March 2023 · 6 mins read
