Africa Data Response South Africa Manufacturing PMI (Aug.) The rise in South Africa’s manufacturing PMI in August essentially reversed the sharp decline in July on the back of weaker global demand as well as severe power cuts at home. We expect external... 1st September 2022 · 2 mins read
Emerging Europe Data Response Manufacturing PMIs (Aug.) Manufacturing PMIs for August were a mixed bag, with further signs that Russian industry is recovering while PMIs in Turkey, Poland and Czechia remained weak and are consistent with contractions in... 1st September 2022 · 3 mins read
Asia Data Response Manufacturing PMIs, Korea Trade, Indonesia CPI Manufacturing PMIs across Asia fell back again in August, with the readings for Taiwan and Korea especially weak. We are not expecting any improvement over the coming months, with weaker global demand... 1st September 2022 · 2 mins read
India Data Response Manufacturing PMI (Aug.) India’s manufacturing PMI moderated a touch in August but the more important point is that the reading is still consistent with robust growth in the sector. The RBI will remain comfortable tightening... 1st September 2022 · 2 mins read
China Data Response China Caixin Manufacturing PMI (Aug.) The larger-than-expected drop in Caixin manufacturing PMI was more significant than the slight rise in the official PMI, suggesting that downward pressure on industry intensified last month. There is... 1st September 2022 · 3 mins read
Japan Data Response Capital Spending (Q2 2022) The smaller increase in capital spending reported in today’s “Financial Statements Statistics of Corporations” means that Q2 GDP will likely be revised downward slightly in next week’s second estimate... 1st September 2022 · 2 mins read
Australia & New Zealand Data Response Australia CoreLogic House Prices (Aug.) House prices are falling at the fastest pace in four decades. While leading indicators of housing market activity remain consistent with a mild downturn, rapidly worsening affordability due to soaring... 1st September 2022 · 3 mins read
Emerging Europe Data Response Russia Activity Data (Jul.) Russia’s industrial production and retail sales figures for July were stronger than expected and provide the first tangible evidence that the downturn in the economy is bottoming out. Join our EM team... 31st August 2022 · 3 mins read
US Economics Update Recession Watch (Aug.) Our composite tracking models suggest that the chances of a recession within the next year have risen markedly. That said, the immediate risks still appear to be low, with the boost to real incomes... 31st August 2022 · 5 mins read
Africa Chart Pack Political rollercoasters across the region Relatively peaceful election proceedings in Kenya and Angola this month have provided a lift to investor sentiment. But with the respective losing presidential candidates challenging official results... 31st August 2022 · 11 mins read
Canada Data Response GDP (Q2) The weaker-than-expected second-quarter rise in GDP as well as the preliminary estimate of a small fall in output in July confirm the economy is slowing sooner than the Bank of Canada predicted... 31st August 2022 · 3 mins read
India Data Response GDP (Q2) Base effects caused a surge in headline Indian GDP growth in Q2 (Q1 of FY22/23), but underlying growth slowed relative to Q1. As a result, GDP growth won’t reach 9% in 2022 as we had thought. That... 31st August 2022 · 2 mins read
Emerging Europe Chart Pack Resilience so far, but much tougher times ahead Economies across the region were generally resilient in Q2 despite tightening financial conditions and the war in Ukraine. Russia’s downturn was milder than expected, Turkey’s economy has held up well... 31st August 2022 · 12 mins read
Emerging Europe Data Response Turkey GDP (Q2 2022) Turkey’s economy posted another robust quarter of growth in Q2, with GDP rising by 2.1% q/q, as stronger consumption and exports more than offset weaker investment. But strong growth is merely adding... 31st August 2022 · 3 mins read
China Data Response China Official PMIs (Aug.) The official PMIs show a further loss in economic momentum this month as the reopening boost waned and the property downturn deepened. We continue to think the economy will struggle to make much... 31st August 2022 · 3 mins read
