Nov 30, 2023
The flash estimate of euro area inflation for November confirmed the disinflationary signals from the national data released over the past day: the pace of disinflation has accelerated to such a degree that it is reflective of an ongoing euro area recession and an ECB...
Nov 23, 2023
November’s flash PMIs once again support our view that the UK economy is merely in a state of stagnation as opposed to outright contraction, like that seen in the eurozone. In conjunction with structural supply issues which should keep short-term UK rates higher for...
Nov 23, 2023
The Riksbank hit a pause on policy tightening this morning, leaving the main policy rate at 4.00% in a move that defied consensus expectations that had looked for a final rate hike to be delivered. As noted in our preview for today’s announcement, risks around today’s...
Nov 23, 2023
The general theme across November’s flash eurozone PMIs is that the continued slowdown in economic growth is starting to manifest within the labour market. In France, unused business capacity saw the private sector employment index fall for the first time in 3 years,...
Nov 22, 2023
Despite largely confirming pre-announcement expectations, the UK Chancellor has managed to find some cash for a giveaway with a surprise 2% cut to national insurance, making today’s Autumn Statement somewhat more generous than many had initially anticipated. Whilst a...
Nov 21, 2023
Canadian headline CPI fell 0.7 percentage points to 3.1% YoY at the start of the fourth quarter, in line with economist expectations. This largely reflected lower gasoline prices (-7.8% YoY).On a monthly basis, headline CPI rose just 0.1% in October following a 0.1%...