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September 25, 2026
U.S. July Durable Goods Orders - Some loss of momentum in Q3 to date
September 25, 2026 12:53 PM UTC
August durable goods orders are unchanged, a little stronger than expected overall, but the ex transport gain of 0.3% is weaker than expected and even with July revised up to 0.7% from 0.4% Q3 data to data has been slower than Q2’s.
U.S. July Durable Goods Orders - Some loss of momentum in Q3 to date
September 25, 2026 12:50 PM UTC
August durable goods orders are unchanged, a little stronger than expected overall, but the ex transport gain of 0.3% is weaker than expected and even with July revised up to 0.7% from 0.4% Q3 data to data has been slower than Q2’s.
September 24, 2026
U.S. August New Home Sales - More strong data but this one will be hard to sustain
September 24, 2026 2:14 PM UTC
August new home sales with a 6.4% rise to 684k have more than fully erased a 4.3% July decline (previously reported as -10.5%). This continues the recent string of stronger than expected US data, even in housing, identified by Fed Chairman Warsh at Jackson Hole and one of two areas of weakness, alon
September 23, 2026
U.S. September S&P PMIs - Sharp gains in Manufacturing and Services back improved Q3 GDP signals
September 23, 2026 2:12 PM UTC
September’s preliminary S and P PMIs are startlingly strong, manufacturing at 57.0 from 53.9 and services at 58.7 from 56.5. The composite increased to 58.4 from 56.0. The numbers are consistent with a Fed view that the economy has strengthened recently, with recent data also suggesting that Q3
EZ PMIs Show Ongoing Growth Momentum in Q3
September 23, 2026 8:42 AM UTC
The S&P flash Eurozone PMI signalled a quickening in the pace of activity during September with the composite index rising to 53.1 from 52 before and boosted by rapid gains in the service sector and ongoing growth in the manufacturing sector. With September’s number now in hand the PMIs point to E
EZ PMIs Show Ongoing Growth Momentum in Q3
September 23, 2026 8:42 AM UTC
The S&P flash Eurozone PMI signalled a quickening in the pace of activity during September with the composite index rising to 53.1 from 52 before and boosted by rapid gains in the service sector and ongoing growth in the manufacturing sector. With September’s number now in hand the PMIs point to E
September 18, 2026
U.S. August Industrial Production - Surprising dip in manufacturing
September 18, 2026 1:46 PM UTC
August industrial production was unchanged with a very surprising 0.3% decline in manufacturing, its first decline since three straight declines were seen in Q4 of 2025. While one month does not make a trend the manufacturing losses were broad based and thus not easy to dismiss.
U.S. August Industrial Production - Surprising dip in manufacturing
September 18, 2026 1:41 PM UTC
August industrial production was unchanged with a very surprising 0.3% decline in manufacturing, its first decline since three straight declines were seen in Q4 of 2025. While one month does not make a trend the manufacturing losses were broad based and thus not easy to dismiss.
September 17, 2026
U.S. Initial Claims, September Philly Fed, August Housing Starts and Permits - More positives than negatives
September 17, 2026 1:17 PM UTC
The latest data is mixed but positives outweigh the negatives. Initial claims at 196k from 206k are very low indeed and take on extra significance in that this is the survey week for September’s non-farm payroll. September’s Philly Fed manufacturing index of 37.8 is down from 47.4 but still very
U.S. Initial Claims, September Philly Fed, August Housing Starts and Permits - More positives than negatives
September 17, 2026 1:17 PM UTC
The latest data is mixed but positives outweigh the negatives. Initial claims at 196k from 206k are very low indeed and take on extra significance in that this is the survey week for September’s non-farm payroll. September’s Philly Fed manufacturing index of 37.8 is down from 47.4 but still very
BOE Keeps Rates Unchanged but November Meeting a Close Call
September 17, 2026 12:29 PM UTC
As expected, the BOE kept rates unchanged with the committee voting 6-3 in favour of staying at 3.75%. MPC members Green, Mann and Pill voted to increase rates by 25bp, as they did in July. Today’s monetary policy statement is essentially unchanged from the July statement, with the focus still on
BOE Keeps Rates Unchanged but November Meeting a Close Call
September 17, 2026 12:26 PM UTC
As expected, the BOE kept rates unchanged with the committee voting 6-3 in favour of staying at 3.75%. MPC members Green, Mann and Pill voted to increase rates by 25bp, as they did in July. Today’s monetary policy statement is essentially unchanged from the July statement, with the focus still on
September 16, 2026
U.S. August Retail Sales - Positive picture restored
September 16, 2026 12:54 PM UTC
August retail sales have surprised to the upside, restoring a positive picture after a weak July. Overall sales rose by 1.2%, as did sales ex autos and gasoline. Ex auto sales and the control group which contributes to GDP both increased by 1.4%, these gains more significantly above expectations tha
U.S. August Retail Sales - Positive picture restored
September 16, 2026 12:53 PM UTC
August retail sales have surprised to the upside, restoring a positive picture after a weak July. Overall sales rose by 1.2%, as did sales ex autos and gasoline. Ex auto sales and the control group which contributes to GDP both increased by 1.4%, these gains more significantly above expectations tha
UK CPI Higher in August But as Expected
September 16, 2026 7:20 AM UTC
Headline inflation increased to 3.1% in August from 2.9% before and in line with expectations with the largest upward contribution coming from transport and in particularly motor fuels. The figures are not a surprise given that July’s short-lived dip in petrol and diesel prices were reversed in
UK CPI Higher in August But as Expected
September 16, 2026 7:20 AM UTC
Headline inflation increased to 3.1% in August from 2.9% before and in line with expectations with the largest upward contribution coming from transport and in particularly motor fuels. The figures are not a surprise given that July’s short-lived dip in petrol and diesel prices were reversed in
September 15, 2026
China August Activity Data Review: Further Divergence among the Three Horses
September 15, 2026 1:01 PM UTC
China’s economic imbalances continued to deepen in August, as sluggish retail sales and a 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 numbers again salv
U.S. September Empire State Manufacturing Survey - Some loss of momentum, prices firm
September 15, 2026 12:47 PM UTC
September’s Empire State manufacturing index at 7.6 is still positive but down from a very strong 20.6 in August that was the strongest since December 2021. The data follows modest slowing in August’s ISM and S and P manufacturing PMIs, though both also remained clearly positive.
China August Activity Data Review: Further Divergence among the Three Horses
September 15, 2026 2:52 AM UTC
China’s economic imbalances continued to deepen in August, as sluggish retail sales and a 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 numbers again salv
September 14, 2026
UK CPI Preview: Headline Inflation to Increase on Higher Energy Costs but no Second Round Effects
September 14, 2026 9:24 AM UTC
· Inflation figures will come ahead of BoE meeting on September 17 in which the Bank is expected to keep rates on hold. Headline annual inflation rose to 2.9% in July and is forecast to increase to 3.1% in August with core also ticking up to 2.7% from 2.6% previously. The numbers are un
UK CPI Preview: Headline Inflation to Increase on Higher Energy Costs but no Second Round Effects
September 14, 2026 9:22 AM UTC
· Inflation figures will come ahead of BoE meeting on September 17 in which the Bank is expected to keep rates on hold. Headline annual inflation rose to 2.9% in July and is forecast to increase to 3.1% in August with core also ticking up to 2.7% from 2.6% previously. The numbers are un