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May 14, 2026
UK GDP Review: GDP Upside Surprises Continue, Correction Due or Fresh Trend?
May 14, 2026 6:59 AM UTC
Perhaps it is a supreme irony that just as the Labour government tears itself apart after disastrous election results last week, the actual real economy continues to surprise on the upside. Notably, since taking office in July 2024, the economy has grown a cumulative 2%-plus, ie over 1% per year.?
May 13, 2026
Bank of Canada Minutes from April 29 - Tightening a real risk if oil fails to fall as assumed
May 13, 2026 6:11 PM UTC
The Bank of Canada has released minutes from the April 29 meeting, which are likely to maintain market fears that should oil prices remain elevated, the BoC will tighten later in the year. However, on a central scenario more in line with that of the BoC, we continue to see the BoC remaining on hold
Preview: Due May 14 - U.S. April Retail Sales - Consumers still resilient to headwinds
May 13, 2026 1:38 PM UTC
We expect April retail sales to increase by 0.7% overall with a rise of 0.9% ex autos, but only 0.5% ex autos and gasoline, the latter a marginal slowing from two straight 0.6% increases. Still, consumer spending continues to appear resilient to significant headwinds.
U.S. April PPI - Strong picture restored after pause in March core rates
May 13, 2026 1:13 PM UTC
After a surprisingly low March, which saw modest upward revisions, April PPI has rebounded above expectations, rising by 1.4% overall, 1.0% ex food and energy and 0.6% ex food, energy and trade. March and April together show the strength of January and February’s core rates persists, with energy,