The weekly macro review for w/c 2 December 2019 - Global manufacturing weakness persisted into Nov across the US, Europe, Japan and Australia. But one of the main sources of recent weakness, China, was the stronger performer this month with activity rebounding into...

The weekly macro review for w/c 25 November 2019 - US data this week continued to highlight generally weaker manufacturing activity across the three regional reports for Nov. The advance Durable Goods report for Oct was mixed. Orders rebounded across most categories,...

The weekly macro review for w/c 18 November 2019 - The FOMC minutes confirmed a more “wait and see” mode, allowing some time for policy rate changes to flow through to the economy. Guidance was also changed to reflect more focus on incoming data. It was noted in the...

The weekly macro review for w/c 11 November 2019 - US manufacturing data remained weak in Sep. Total industrial production declined in Sep and manufacturing led the decline. Drilling down, auto manufacturing was a notable area of weakness. Production declined at an...

The weekly macro review for w/c 4 November 2019; There were several important highlights in the US data this week – mostly reinforcing the weaker state of growth. Factory orders for Sep indicated the continued weakening growth across several of the larger categories –...

The weekly macro review for w/c 28 October 2019 - The FOMC reduced the FFR target at the latest meeting. While there had been no notable deterioration in conditions since the last meeting, Chairman Powell spoke of this reduction as more of an insurance against ongoing...

The weekly macro review for w/c 21 October 2019 - The prelim PMI’s this week indicated that private sector activity was slightly weaker, or little changed at lower levels in Oct. In the US, the advance durable goods report provided more insight behind the weaker US...

The weekly macro review for w/c 14 October 2019 - Brexit was the main highlight during the week. The vote for the alternative backstop was defeated in the UK parliament until the legislation required to implement the bill is passed by the parliament. This situation...

The weekly macro review for w/c 7 October 2019 - Large announcements took center stage during the week. A limited trade deal (or at least a truce) between the US and China was announced this week. This more limited agreement has little detail attached at this stage –...

The weekly macro review for w/c 30 September 2019 - PMI’s out last week indicated that the global slowdown in activity continued into Sep. In many cases manufacturing activity contracted at a faster pace while there was also a notable slowdown in services activity in...