- Swiss inflation held steady in July, but this means it was still in line with the SNB’s target.
- The headline inflation rate will creep lower in the coming months, allowing for further easing.
- EZ industry ended Q2 on a good note, enough to escape recession last quarter and boost GDP.
Claus Vistesen (Chief Eurozone Economist)Eurozone
- We expect GDP to be unchanged month-to-month in June, as retail sales and doctors’ strikes hit output.
- That would leave Q2 GDP up 0.6% quarter-to-quarter, just below the MPC’s new forecast.
- We think recent growth reflects stronger underlying momentum than the MPC assumes.
Rob Wood (Chief UK Economist)UK
- In one line: Doves let loose, another rate cut is coming by year-end.
Rob Wood (Chief UK Economist)UK
- In one line: Supporting the MPC’s decision to cut rates.
Rob Wood (Chief UK Economist)UK
The manufacturing malaise continues.
Oliver Allen (Senior US Economist)US
Meagre growth in unit labor costs supports the case for policy easing.
Oliver Allen (Senior US Economist)US
- In one line: A cautious pause amid mixed economic signals.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A cautious pause amid mixed economic signals.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: A cautious hold, prioritizing inflation control amid persistent challenges.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: A cautious hold, prioritizing inflation control amid persistent challenges.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Struggling, the near-term outlook remains challenging.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: Struggling, the near-term outlook remains challenging.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Manufacturing growth and employment to accelerate as business optimism soars.
Rob Wood (Chief UK Economist)UK
- In one line: House price inflation beats expectations again.
Rob Wood (Chief UK Economist)UK
In one line: We think the manufacturing PMI is too downbeat, even after the upward revision.
Melanie Debono (Senior Eurozone Economist)Eurozone
- In one line: BanRep maintains steady 50bp rate cuts despite board divide.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: BanRep maintains steady 50bp rate cuts despite board divide.
Andrés Abadía (Chief LatAm Economist)Latin America
The PMI is probably a poor guide to the national picture.
Oliver Allen (Senior US Economist)US
