Middle East & North Africa Rapid Response Saudi Arabia GDP (Q3 2023, Flash Estimate) Saudi Arabia’s flash GDP estimate showed that the recession deepened in Q3, with GDP contracting by 3.9% q/q, after the Kingdom implemented an additional voluntary 1mn bpd oil output cut and the non... 31st October 2023 · 2 mins read
China Rapid Response Hong Kong GDP (Q3 Preliminary) Hong Kong’s economy largely treaded water in Q3, underperforming most expectations. A jump in investment and a pick-up in government spending barely offset further struggles in the trade logistics... 31st October 2023 · 3 mins read
Europe Rapid Response France GDP (Q3) The slowdown in French GDP growth from an upwardly-revised +0.6% q/q in Q2 to only 0.1% in Q3 (see Chart 1) was a little better than the consensus and our own forecast (+0.1% and -0.2% q/q) and means... 31st October 2023 · 2 mins read
RBA Watch RBA will hit the brakes once more With inflation surprising on the upside in Q3, we expect the RBA to lift rates by 25bp at its meeting next week. However, we suspect that the next rate hike will be the last one in the current cycle... 31st October 2023 · 8 mins read
China Rapid Response PMIs (Oct.) The PMI surveys were unexpectedly weak across the board, with the composite measure falling to its lowest in eight years outside of COVID lockdowns. If this slowdown is confirmed by the hard data then... 31st October 2023 · 4 mins read
Japan Rapid Response Japan Industrial Production & Retail Sales (Sep. 23) 30th October 2023 · 2 mins read
Europe Rapid Response EC Survey (October) October’s business and consumer survey from the European Commission added to the evidence that the euro-zone economy is contracting. While the labour market still looks tight, labour shortages are... 30th October 2023 · 3 mins read
Emerging Europe Rapid Response Economic Sentiment Indicators (Oct.) The European Commission's Economic Sentiment Indicators for Central and Eastern Europe (CEE) were another mixed bag in October, but our regional GDP-weighted measure edged up and is consistent with an... 30th October 2023 · 2 mins read
China Chart Pack China Chart Pack (Oct. 2023) China’s economy is regaining some momentum after stalling during the summer. A step up in policy support looks set to deliver a modest cyclical recovery but trend growth remains under pressure. 30th October 2023 · 1 min read
Europe Rapid Response Germany GDP (Q3) and state CPI (October) The small decline in German GDP in the third quarter and upward revision to the previous two quarters means the economy is not doing quite as poorly as anticipated. But GDP has essentially been... 30th October 2023 · 2 mins read
Europe Rapid Response Sweden GDP (Q3) Preliminary data released this morning show that the Swedish economy flatlined in Q3 (0.0% q/q) after contracting sharply in the second quarter (-0.8%). (See Chart 1.) This slightly stronger-than... 30th October 2023 · 2 mins read
Europe Economics Update Energy prices still a headwind for Germany European natural gas prices have fallen a long way from their 2022 peaks and the possibility of another energy crisis this winter now looks remote. However, prices are still much higher than they were... 27th October 2023 · 4 mins read
India Economics Weekly India’s manufacturing ambitions constrained by energy India’s government is pushing ahead with efforts to make the country a key link in global manufacturing supply chains. But the increasing strain that the power network has come under over the past... 27th October 2023 · 4 mins read