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November 02, 2026

EZ CPI Preview - Another Piece of the Puzzle Before December's Hike
Paying Article

November 2, 2026 3:40 PM UTC

We expect headline annual inflation to hit 4% in October as the impact of the energy shock continues to filter through. That increase would represent a further uptick from the 3.8% recorded in September and from the 1.9% rate seen just before the start of the Middle East conflict. Preliminary nation

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EZ CPI Preview - Another Piece of the Puzzle Before December's Hike
Paying Article

November 2, 2026 3:40 PM UTC

We expect headline annual inflation to hit 4% in October as the impact of the energy shock continues to filter through. That increase would represent a further uptick from the 3.8% recorded in September and from the 1.9% rate seen just before the start of the Middle East conflict. Preliminary nation

U.S. October ISM Manufacturing firm, September Construction Spending slips
Paying Article

November 2, 2026 3:15 PM UTC

October’s ISM manufacturing index of 55.5 is up from 54.5 in September and 54.6 in August but slightly below July’s 55.6 which was the strongest since May 2022. The data continues to imply a positive manufacturing picture.

October 30, 2026

Eurozone Economy Remains Resilient in Q3 - Headwinds Ahead?
Paying Article

October 30, 2026 11:41 AM UTC

The economy expanded more than expected in Q3, rising 0.4% q/q from 0.6% before, with the Eurozone aggregate benefitting from Ireland’s large and volatile growth rate. Most of the larger member countries experienced weak quarter on quarter growth, with Germany’s economy increasing 0.2%, Italy’

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Eurozone Economy Remains Resilient in Q3 - Headwinds Ahead?
Paying Article

October 30, 2026 11:41 AM UTC

The economy expanded more than expected in Q3, rising 0.4% q/q from 0.6% before, with the Eurozone aggregate benefitting from Ireland’s large and volatile growth rate. Most of the larger member countries experienced weak quarter on quarter growth, with Germany’s economy increasing 0.2%, Italy’

October 29, 2026

EZ Q3 GDP to Show Ongoing Resilience
Paying Article

October 29, 2026 9:00 PM UTC

GDP is expected to grow 0.2% q/q in Q3 following a large quarterly gain of 0.6% in Q2, a figure that had been boosted by Ireland’s significant expansion of 10.2% q/q - driven largely by a surge in multinational-dominated sectors, led by Information & Communication and high-value industry. Once Ire

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EZ Q3 GDP to Show Ongoing Resilience
Paying Article

October 29, 2026 9:00 PM UTC

GDP is expected to grow 0.2% q/q in Q3 following a large quarterly gain of 0.6% in Q2, a figure that had been boosted by Ireland’s significant expansion of 10.2% q/q - driven largely by a surge in multinational-dominated sectors, led by Information & Communication and high-value industry. Once Ire

October 28, 2026

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U.S. September Advance Goods Trade - Deficit higher on capital goods imports
Paying Article

October 28, 2026 12:42 PM UTC

September’s advance goods trade deficit of $134.9bn from $132.1bn, continues to deteriorate, ensuring that net exports will be a significant negative in what is likely to be an otherwise strong Q3 GDP report tomorrow.

U.S. September Advance Goods Trade - Deficit higher on capital goods imports
Paying Article

October 28, 2026 12:42 PM UTC

September’s advance goods trade deficit of $134.9bn from $132.1bn, continues to deteriorate, ensuring that net exports will be a significant negative in what is likely to be an otherwise strong Q3 GDP report tomorrow.

October 27, 2026

U.S. Septenber New Home Sales, October Consumer Confidence - Surprising resilience, notably on labor signal
Paying Article

October 27, 2026 2:19 PM UTC

September new home sales, down a marginal 0.6% to 676k, have held up better than expected, while October consumer confidence with a bounce to 91.7 from 84.2 is even more surprising, reaching its highest level since June.

U.S. September Durable Goods Orders - Some loss of underlying momentum in Q3
Paying Article

October 27, 2026 12:47 PM UTC

September durable goods orders are in line with expectations, up by 1.8% overall and 0.5% ex transport. The ex transport trend remains positive but has lost some momentum in Q3 after a very strong Q2.

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U.S. September Durable Goods Orders - Some loss of underlying momentum in Q3
Paying Article

October 27, 2026 12:47 PM UTC

September durable goods orders are in line with expectations, up by 1.8% overall and 0.5% ex transport. The ex transport trend remains positive but has lost some momentum in Q3 after a very strong Q2.

October 21, 2026

China September Activity Data Review: Dichotomy between Supply and Demand
Paying Article

October 21, 2026 1:32 AM UTC

China’s dichotomy between supply and demand continued to deepen in September, as sluggish retail sales and fixed-asset investment slump highlighted persistent weakness in domestic demand, with analysts expecting more policy stimulus from Beijing to stave off downside risks. Export and Industrial n

October 20, 2026

U.S. September Pending Home Sales - More signs of housing sector weakness
Paying Article

October 20, 2026 2:17 PM UTC

September’s 7.3% decline in pending home sales is the sharpest decline since December with the level a record low. This adds to growing evidence that rising mortgage rates are undermining housing demand.

U.S. September Housing Starts and Permits - Signs of weakness building
Paying Article

October 20, 2026 12:50 PM UTC

September housing starts are clearly weaker than expected, -5.2% to 1221k, with both singles and multiples lower. Permits held up better, -0.2% to 1400k, but with multiples up and singles down the net message is for a slowing housing sector, restrained by rising mortgage rates.

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U.S. September Housing Starts and Permits - Signs of weakness building
Paying Article

October 20, 2026 12:50 PM UTC

September housing starts are clearly weaker than expected, -5.2% to 1221k, with both singles and multiples lower. Permits held up better, -0.2% to 1400k, but with multiples up and singles down the net message is for a slowing housing sector, restrained by rising mortgage rates.

October 19, 2026

U.S. October NAHB Homebuilders Index - Lowest since 2012 as mortgage rates rise
Paying Article

October 19, 2026 2:26 PM UTC

October’s NAHB homebuilders index at 29 from 32 is the lowest since June 2012 and suggests that rising mortgage rates are having a significant impact on housing demand.

UK CPI Preview: Further Increase Will Push the BoE to Hike in November
Paying Article

October 19, 2026 8:47 AM UTC

This week’s CPI headline is expected to continue to reflect the impact of the oil price shock with markets seeing an increase to 3.4% y/y in September from 3.1% before. To date, energy has been the main culprit behind the rise in headline inflation with goods also showing a modest increase (see Fi

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UK CPI Preview: Further Increase Will Push the BoE to Hike in November
Freemium Article

October 19, 2026 8:46 AM UTC

This week’s CPI headline is expected to continue to reflect the impact of the oil price shock with markets seeing an increase to 3.4% y/y in September from 3.1% before. To date, energy has been the main culprit behind the rise in headline inflation with goods also showing a modest increase (see Fi

October 15, 2026

U.S. September Retail Sales and PPI, October Philly Fed and Empire State, Initial Claims - Generally strong
Paying Article

October 15, 2026 1:15 PM UTC

The latest set of US data is on the firm side of expectations, September PPI at 1.3% overall and 0.7% ex food and energy, September retail sales at 0.8%, 0.9% ex autos. Underlying gains of 0.5% for PPI ex food energy and trade and 0.2% for retail sales ex autos and gasoline are less firm but far fro

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U.S. September Retail Sales and PPI, October Philly Fed and Empire State, Initial Claims - Generally strong
Paying Article

October 15, 2026 1:15 PM UTC

The latest set of US data is on the firm side of expectations, September PPI at 1.3% overall and 0.7% ex food and energy, September retail sales at 0.8%, 0.9% ex autos. Underlying gains of 0.5% for PPI ex food energy and trade and 0.2% for retail sales ex autos and gasoline are less firm but far fro

UK Growth Resilience Continues in August
Paying Article

October 15, 2026 7:32 AM UTC

In the event, growth did not contract by 0.1% m/m as consensus had expected, but grew 0.1% in August. While the month-on-month number can be volatile, the more reliable 3-month measure is showing the economy is proving to be a lot more resilient than many had expected. The better growth outturn alon

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UK Growth Resilience Continues in August
Freemium Article

October 15, 2026 7:32 AM UTC

In the event, growth did not contract by 0.1% m/m as consensus had expected, but grew 0.1% in August. While the month-on-month number can be volatile, the more reliable 3-month measure is showing the economy is proving to be a lot more resilient than many had expected. The better growth outturn alon

October 14, 2026

U.S. September Median CPI up 2.8% annualized, less alarming than core CPI
Paying Article

October 14, 2026 6:38 PM UTC

The Cleveland Fed’s September Median CPI is stronger than in August, but less alarming than September’s core CPI. The Median CPI rose by 0.23% on the month and 2.8% annualized.

U.S. September CPI - Makes a case for tightening, will Warsh?
Paying Article

October 14, 2026 1:20 PM UTC

September’s core CPI is stronger than expected at 0.3% and at 0.335% before rounding a clear disappointment, with the strength broader based than August’s 0.29% when almost 0.1% came from what has proven a one-time bounce in telephone services. Overall CPI rise by 0.6% as expected, but was 0.649

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