US Data Response ISM Manufacturing Index (Jul. 12) The soft ISM manufacturing report for July suggests that the economy will continue to grow at the sub-par annualised rate of around 1.5% in the third quarter. While this is not fast enough to reduce... 1st August 2012 · 1 min read
UK Economics Chart Pack Double-dip deepens The third consecutive quarterly contraction in Q2 left the UK economy lagging even further behind its main competitors. 1st August 2012 · 1 min read
Asia Economics Update Manufacturing deteriorates further The July PMIs showed that conditions within Asia’s manufacturing sectors are getting worse. A silver lining is that price pressures continue to ease, which should make more policymakers comfortable... 1st August 2012 · 1 min read
Europe Economics Update Why Latvia is not a blueprint for the euro-zone's periphery Despite the fact that Latvia’s economy has returned to growth, it is still far from clear that it has undergone the necessary “internal devaluation” required to fully restore competitiveness. What’s... 1st August 2012 · 1 min read
Latin America Economics Update What next for Peruvian inflation? The key question for Peruvian policymakers is not so much ‘will inflation continue to fall back in 2012?’, but rather ‘will the recent spike in grains prices trigger a rebound in 2013?’. Although we... 1st August 2012 · 1 min read
US Housing Market Data Response Mortgage Applications (Jul.) The latest mortgage applications data provide further evidence that record low mortgage rates are doing little to boost demand among mortgage-dependent buyers. Meanwhile, the FHFA has reaffirmed its... 1st August 2012 · 1 min read
Emerging Europe Economics Update Industry still stagnating The latest manufacturing PMIs suggest that while industrial output in Emerging Europe has not collapsed to the same extent as in the euro-zone, neither is it growing. The authorities will become... 1st August 2012 · 1 min read
China Data Response Manufacturing PMIs (Jul.) Both of China’s manufacturing PMIs for July were slightly worse than anticipated. However, they are still in keeping with recent policy stimulus taking effect. In particular, small firms look to be... 1st August 2012 · 1 min read
UK Housing Market Data Response Nationwide House Prices (July 12) A further month of house price falls provides more evidence that the market maybe shifting from a flat to a downwards trend. Although a clear picture of widespread house prices declines is yet to... 1st August 2012 · 1 min read
Asia Chart Pack Asia's central banks back in rate-cutting mode Central banks in the Philippines, Korea and Vietnam have cut their policy rates over the past month in response to the deterioration in global demand. Q2 GDP data out so far in Asia have been soft... 31st July 2012 · 1 min read
Europe Chart Pack Export slowdown continues Recent data from the external sector have confirmed that export growth has continued to slow. Indeed, the annual growth rate of export values fell to its lowest level in two and a half years in May... 31st July 2012 · 1 min read
Commodities Chart Pack Holding out for a hero Commodity markets appear to be banking on some unlikely heroes among policy-makers to turn the global economy around quickly and save the euro. However, with midnight fast approaching, any action has... 31st July 2012 · 1 min read
China Economics Update Inflation Monitor (Jul.12) Consumer price inflation should have fallen slightly in July. Although we expect a gradual pick-up in the months ahead, overall inflation is likely to remain low, allowing policymakers’ focus to stay... 31st July 2012 · 1 min read
US Data Response Consumer Confidence (Jul.), Income & Spending (Jun.) The rebound in the Conference Board's measure of consumer confidence to a three-month high of 65.9 in July, from 62.7 in June, suggests that the positive impact from the recent rally in equity prices... 31st July 2012 · 1 min read
Middle East & North Africa Economics Update Are global food prices a concern in the Gulf? Global agricultural prices have risen by around 17% in July, raising fresh fears that food inflation will increase in the oil-rich Gulf. But given subdued core price pressures in most of these... 31st July 2012 · 1 min read
