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December 03, 2025
December 02, 2025
South African GDP Growth Hit 2.1% y/y in Q3, Marking the Fastest Expansion Since Q3 2022
December 2, 2025 8:03 PM UTC
Bottom Line: Department of Statistics of South Africa (Stats SA) announced Q3 GDP growth on December 2. South African economy grew by 2.1% YoY in Q3, the fastest expansion since Q3 2022. We think that the growth momentum will continue to be supported by low inflation, improved consumer sentiment, fe
Preview: Due December 3 - U.S. September Industrial Production - Trend marginally positive
December 2, 2025 5:33 PM UTC
We expect September industrial production, a released delayed while awaiting Labor Dep’t inputs, to rise by 0.1% with a matching increase in manufacturing. This would keep trend marginally positive.
2025 Q3 Country Insights Scores to Download in Excel
December 2, 2025 3:00 PM UTC
The Country Insights Model is a comprehensive quantitative tool for assessing country and sovereign risk by measuring a country’s risk of external and domestic financial shocks and its ability to grow. The access to our full range of scores across 174 countries corresponding to the third quarter o
Preview: Due December 3 - U.S. November ISM Services - Correcting from a stronger October
December 2, 2025 2:22 PM UTC
We expect November’s ISM services index to correct lower to 52.0 from 52.4 in October which was the highest reading since February. The last twelve readings have seen the index move in the opposite direction to the preceding month.
Preview: Due December 3 - U.S. November ADP Employment - Weekly data pointing to a decline
December 2, 2025 1:58 PM UTC
Weekly ADP data, showing an average weekly job loss of 13.5k in the four weeks to November 8, suggests a weak monthly report from ADP, covering the four weeks to November 15. We expect a decline of 50k. ADP data covers only the private sector.
EZ HICP Review: Services Inflation Still Problematic?
December 2, 2025 10:51 AM UTC
With what were previously unfavourable energy-related base effects reversing, EZ inflation edged down 0.1 ppt to 2.1% in October, largely in line with consensus thinking, but with the main core rate stable at 2.4%. This reversed in the flash November numbers in what was an outcome a notch above bo
FX Daily Strategy: N America, December 2nd
December 2, 2025 10:20 AM UTC
Eurozone CPI has minimal impact
JPY gains likely to require weaker equities and/or intervention despite BoJ rate hike expectations
AUD preferred to EUR in risk positive markets
GBP back to pre-Budget levels – decline still expected longer term
UK: BoE Offers Financial Boost?
December 2, 2025 8:05 AM UTC
In its updated financial policy report which included fresh bank stress tests, the BoE Financial Policy Committee (FPC) is reducing bank capital requirements. This very seems to be designed to encourage bank to lend and may reflect what have been modest, if not flagging, numbers regarding actual p
FX Daily Strategy: Europe, December 2nd
December 2, 2025 4:18 AM UTC
Eurozone CPI to have minimal impact
JPY gains likely to require weaker equities and/or intervention despite BoJ rate hike expectations
AUD preferred to EUR in risk positive markets
GBP back to pre-Budget levels – decline still expected longer term