Japan Rapid Response Japan Tankan (Q3 26) The Q3 Tankan survey showed that overall business conditions were the most favourable in decades, which should encourage the Bank of Japan to keep tightening policy at a faster pace 1st October 2026 · 2 mins read
Canada Economic Outlook Downside growth risks to limit rate hikes Trade uncertainty and lower immigration will limit GDP growth to 1.5% next year, keeping core inflation from drifting too far back above target. Accordingly, the Bank of Canada will only hike twice... 30th September 2026 · 14 mins read
US Rapid Response US Personal Income & Spending (Aug. 2026) The data dump today shows that core price pressures are slightly less firm than feared and provides some support to our view that the Fed will pause in October. Nonetheless, with economic activity... 30th September 2026 · 3 mins read
Global Economic Outlook Weathering the energy shock We expect the global economy to remain resilient in the face of the energy shock. In Asia, many governments will continue to shield their economies from the worst of higher energy prices. In most DMs... 30th September 2026 · 46 mins read
UK Economics Rapid Response UK GDP (Q2 2026 Final) The upward revision to real GDP growth in Q2, from 0.4% q/q to 0.5% q/q, suggests that the economy has been a bit more resilient to higher energy prices in the first half of the year than previously... 30th September 2026 · 3 mins read
Australia & New Zealand Economics Update Public sector still not providing helping hand to RBA The public sector has reined in its profligate tendencies ever so slightly in recent quarters, but the 2026/27 state and federal Budgets point to continued strong growth in government spending. That... 30th September 2026 · 3 mins read
Australia & New Zealand Rapid Response Australia Consumer Prices (Aug. 26) Measures of core inflation didn’t strengthen any further in August, supporting our view that the RBA’s tightening cycle is likely at an end. 30th September 2026 · 2 mins read
Japan Rapid Response Japan Industrial Production & Retail Sales (Aug. 26) The sharp fall in industrial output in August probably reflects disruptions from the Kumamoto earthquake and won’t be sustained 30th September 2026 · 2 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Jul. 2026) House prices remained resilient in July but will eventually come under pressure as the latest rise in mortgage rates to their current level of 7.1% takes a toll. We expect prices to be unchanged over... 29th September 2026 · 2 mins read
Canada Rapid Response Canada GDP (Jul. 2026) The unchanged GDP reading in July and small projected rise in August should mean GDP growth slowed to around 1.4% annualised in the third quarter, given the weakness we expect this month amid the hit... 29th September 2026 · 2 mins read
UK Economics Rapid Response UK Money & Lending (Aug. 2026) It seems unlikely that households will continue to fund increases in their real spending by borrowing more and reducing their saving rates, as they did in August, for much longer. And the further fall... 29th September 2026 · 3 mins read
Australia & New Zealand Economics Update RBA keeps its options open after hawkish hike The RBA hiked rates as expected and kept the door open to further tightening. We still think the cash rate has peaked, as the cooling labour market should help reduce capacity pressures. However, the... 29th September 2026 · 3 mins read
Australia & New Zealand Rapid Response Reserve Bank of Australia Meeting (Sep. 2026) The RBA hiked rates as expected, but it left the door ajar for further tightening in the months ahead. While we continue to believe that the cash rate has now peaked, risks to this view are growing. 29th September 2026 · 2 mins read
Australia & New Zealand Rapid Response Australia Household Spending Indicator (Aug. 26) The weakness in household spending in August suggests that the recent acceleration in consumption is already losing momentum. That probably won’t prevent the RBA from hiking rates at its meeting later... 29th September 2026 · 2 mins read
UK Housing Market Update Housing headwinds grow despite "Your First Home" scheme We suspect the “Your First Home” scheme announced by the Prime Minster over the weekend will boost both housing transactions and housing starts from 2027. But this effect will probably be more than... 28th September 2026 · 3 mins read
Global Economics Chart Pack Global Economics Chart Pack (September 2026) The world economy has gained momentum in Q3. Business surveys have improved, trade is booming amid the AI buildout, and consumption has been resilient to high energy prices. Meanwhile, jobs growth has... 28th September 2026 · 1 min read
