An uptrend in initial claims is probably still in the pipeline.
Oliver Allen (Senior US Economist)US
- In one line: A poor end to Q1, but the underlying trend remains positive.
Andres Abadia (Senior International Economist)Global
- In one line: A poor end to Q1, but the underlying trend remains positive.
Andres Abadia (Senior International Economist)Latin America
In one line: Korean export recovery continues, thanks to resilient US and Chinese demand
Kelvin Lam (Senior China+ Economist)China+
In one line: Ooof a big increase, but inflation is still within the SNB’s target range.
Melanie Debono (Senior Eurozone Economist)Eurozone
In one line : Grim, but the reality on the ground is likely better.
Claus Vistesen (Chief Eurozone Economist)Global
In one line : Grim, but the reality on the ground is likely better.
Claus Vistesen (Chief Eurozone Economist)Eurozone
- In one line: Food inflation finally turns a corner; more of this, please.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: Export-oriented manufacturers continue to underperform.
Miguel Chanco (Chief EM Asia Economist)Global
Korean manufacturers are highly bullish, despite mounting cost pressures
Duncan WrigleyChina+
Export-oriented ASEAN manufacturers continue to underperform
Food inflation in Indonesia finally turns a corner; more of this, please
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Two corrections starts to become a trend.
Rob Wood (Chief UK Economist)UK
- In one line: Manufacturing almost stabilised but input cost inflation jumped.
Rob Wood (Chief UK Economist)UK
LATAM CENTRAL BANKS ADOPT A MORE HAWKISH POSITION
- A CAUTIOUS FED AND STICKY SERVICES INFLATION ARE HURTING
Andres Abadia (Senior International Economist)Latin America
- Chair Powell batted away talk of a further rate hike, and hinted that labor market fears are emerging.
- Everything will change if payroll growth slows sharply; that won't happen overnight, but it is coming.
- Still no signs of a real manufacturing recovery, and inflation risks from the sector are minimal.
Ian Shepherdson (Chief Economist, Chairman and Founder)US
- Mexican Peso — Underperforming amid risk-off
- Colombian Peso —Resilience amid gradual rate cuts
- Chilean Peso — Poised for rebound amid benign factors
Andres Abadia (Senior International Economist)Latin America
- Korea’s WDA exports have grown solidly in recent months, pointing to a sustained recovery in demand.
- Semiconductors accounted for 70% of growth in April; both US and Chinese demand was resilient.
- Weak currency played a role in supporting exports; the level of export values is still below that in 2022.
Kelvin Lam (Senior China+ Economist)China+
