Asia Data Response Manufacturing PMIs (Apr.) The April PMI readings suggest that manufacturing improved further in most places in Asia after a strong Q1. Global demand for electronics should continue to support the sector over the next few... 3rd May 2021 · 2 mins read
US Economics Weekly Economic take-off already underway President Joe Biden’s Families Plan wouldn’t provide much of an additional boost, but the stimulus already in place should ensure that the economic recovery goes from strength to strength, with the... 30th April 2021 · 7 mins read
Canada Data Response GDP by Industry (Feb.) At 0.4% m/m in February, GDP growth was a bit weaker than Stats Can first thought but, with the preliminary estimate pointing to a much larger 0.9% m/m rise in GDP in March, first-quarter growth... 30th April 2021 · 2 mins read
India Data Response Core Infrastructure Industries (Mar.) India’s core infrastructure industries index rebounded in March, but this is old news given the dramatic surge in virus cases and renewed tightening of containment measures since then. 30th April 2021 · 2 mins read
UK Economics Weekly Rise in capital stock diminishes risk of severe scarring The small rise in the net capital stock last year is an encouraging sign that the pandemic won’t damage large parts of the capital stock and leave the level of GDP lower forever more. And while we... 30th April 2021 · 4 mins read
Latin America Data Response Mexico GDP (Q1 Prov.) The modest 0.4% q/q rise in Mexico’s GDP in Q1 largely reflects the economy’s poor performance at the start of the year. The good news is that the recovery got back on track at the end of the quarter... 30th April 2021 · 3 mins read
Asia Data Response Taiwan GDP (Q1, provisional) Taiwan has been the star performer of the pandemic, with figures today showing the economy grew by 8.2% y/y in the first quarter of the year. Surging demand for semiconductors and booming investment... 30th April 2021 · 3 mins read
Emerging Europe Data Response Czech GDP (Q1 2021) The 0.3% q/q drop in Czech GDP in Q1 was slightly better than expected and, with authorities now moving to relax virus restrictions, we expect a strong recovery to take hold in the second half of this... 30th April 2021 · 2 mins read
Japan Economics Weekly Chip shortages set to ease, vaccine passports The rebound in industrial production in March is consistent with our view that the second state of emergency wasn’t as damaging as many had feared. And while the chip shortages that are plaguing car... 30th April 2021 · 5 mins read
China Data Response China PMIs (Apr.) The latest surveys suggest that growth edged down this month. Supply-side disruptions appear mostly to blame for a slower rise in manufacturing output. But there are also signs of a demand-led... 30th April 2021 · 3 mins read
Japan Data Response Japan Labour Market & Industrial Production (Mar. 2021) The rebound in industrial production and the sharp drop in the unemployment rate in March are consistent with our view that the economy held up much better than most had anticipated during the second... 30th April 2021 · 3 mins read
Latin America Economics Update Three is not the magic number in Chile The third round of pension withdrawals in Chile will help to boost its economic recovery in the near term, but is unlikely to be as impactful as the previous two. The broader concern is that it... 29th April 2021 · 5 mins read
Emerging Europe Data Response Economic Sentiment Indicators (Apr.) The EC’s Economic Sentiment Indicators (ESIs) recorded their largest ever monthly aggregate improvement across Central and Eastern Europe in April. Sentiment remains below its pre-pandemic level but... 29th April 2021 · 2 mins read
Australia & New Zealand Chart Pack Economic recovery facilitates house price surge House prices are now surging in both countries. House price cycles in the Australian housing market tend to lag those in New Zealand a little, which is consistent with the forward indicators pointing... 29th April 2021 · 11 mins read
China Economic Outlook Rebound levelling off After treading water in Q1, activity should pick up again this quarter following the relaxation of domestic travel restrictions. But growth will be more modest than most expect over the next couple of... 28th April 2021 · 2 mins read
Japan Data Response Japan Retail Sales (Mar. 2021) The further rise in retail sales in March suggests that consumer spending was relatively strong in between the third and fourth waves of coronavirus. The strength in goods consumption in February and... 28th April 2021 · 2 mins read
