Asia Data Response Manufacturing PMIs (Feb.) The February PMIs for Emerging Asia suggest the region’s manufacturing sectors remained in decent health. While the surveys point to rising prices, the big picture is that inflation in most of these... 1st March 2018 · 1 min read
Australia & New Zealand Data Response Australia Private Capital Expenditure Survey (Q4) The private capital expenditure survey for the fourth quarter was a bit weaker than widely expected, but the key point is that investment is no longer the Achilles heel of the economy as firms are... 1st March 2018 · 1 min read
Japan Data Response Capital Spending (Q4) The jump in capital spending excluding software last quarter suggests that non-residential investment was stronger than initially reported. However, this alone won’t be enough to lift overall GDP... 1st March 2018 · 1 min read
Frontier Markets Wrap Appetite for international bond sales remains strong International bond markets have been inundated with debt issuance from frontier markets over the past couple of years and there’s no sign yet that appetite is waning. Since the start of this year... 28th February 2018 · 1 min read
Emerging Europe Economics Update Polish consumer spending to remain strong … for now We think that the near-term outlook for consumer spending in Poland is bright. A further acceleration in wage growth – together with loose fiscal policy and record-high consumer confidence – should... 28th February 2018 · 1 min read
India Data Response GDP (Q4) Today’s national accounts data show that India’s GDP growth accelerated to a five-quarter high in Q4 2017. The data are much-maligned, but the broad trajectory of a pick-up in growth seems reasonable... 28th February 2018 · 1 min read
China Economics Update Hong Kong to cool in 2018 Hong Kong’s economy ended last year on a fairly strong note, supported by buoyant exports. But we think growth will slow over the quarters ahead. The expansionary budget unveiled today will provide... 28th February 2018 · 1 min read
Nordic & Swiss Data Response Sweden, Finland & Denmark GDP (Q4) Sweden, Finland and Denmark all grew strongly in Q4 last year. While growth in Sweden and Finland is likely to outpace that in Demark in 2018, the big picture is that the outlook for each economy is... 28th February 2018 · 1 min read
UK Data Response GfK/NOP Consumer Confidence Consumer confidence edged back down in February, but the big picture remains that consumers are still weathering the squeeze on their spending power relatively well. 28th February 2018 · 1 min read
Australia & New Zealand Chart Pack A marked divergence in the fortunes of businesses While rising profits and confidence are boosting sentiment amongst Australian businesses, the uncertainty surrounding the policies of the new government has continued to weigh on business confidence... 28th February 2018 · 1 min read
China Data Response Official PMIs (Feb.) A sharp decline in the official manufacturing PMI this month suggests that the survey data may finally be responding to the slowdown in growth shown on our China Activity Proxy late last year. And... 28th February 2018 · 1 min read
Japan Data Response Industrial Production & Retail Sales (Jan.) Industrial production plunged and retail sales fell rather sharply in January. It looks increasingly likely that the longest period of uninterrupted expansion will come to an end this quarter. 28th February 2018 · 1 min read
Europe Data Response EC Business & Consumer Survey (Feb.) February’s EC Business and Consumer Survey suggests that the euro-zone economy continued to grow strongly in early 2018, but that inflation expectations remain subdued. This supports our view that the... 27th February 2018 · 1 min read
Emerging Europe Data Response Economic Sentiment Indicators (Feb.) February’s Economic Sentiment Indicators for Central and Eastern Europe (CEE) suggest that growth in the region as a whole may strengthen to more than 5.5% y/y in Q1. The Hungarian and Polish... 27th February 2018 · 1 min read
Nordic & Swiss Data Response Sweden Econ. Tendency Survey (Feb.) & Trade (Jan.) The recent softening of the Economic Tendency Survey suggests that the Swedish economy lost some momentum at the start of 2018. But the survey still implies that growth will remain strong. 27th February 2018 · 1 min read
Africa Data Response Nigeria GDP (Q4 2017) The weaker-than-expected pick-up in Nigerian GDP growth in Q4, to 1.9% y/y, masked an encouraging improvement in the non-oil sector. There are signs that the recovery gathered pace at the start of... 27th February 2018 · 1 min read
