Global supply chain problems and geopolitical concerns may have triggered debate among businesses about reshoring production closer to home, but the numbers tell us a different story. Reported euro area reshorings have steadily declined after being surpassed by offshorings in 2019, suggesting global supply chains remain deeply integrated
China's key activity indicators continued to slow across the board in October as policymakers appear to be delaying further policy support. This year's growth target is likely to require minimal additional support to be reached, but supportive policies will be necessary to achieve long-term goals
This more than compensates for August’s fall, confirming that summer data has to be interpreted with a pinch of salt. Italy's industrial stagnation is not over yet, but the picture might improve marginally over the fourth quarter
South Korea’s jobless rate rose in October, but it remains below 3%. The Bank of Korea is expected to keep policy unchanged in November amid concerns about property risk and volatile foreign exchange markets
It's the expected rebound in industrial production in September. However, it's a rebound which is too weak to mark any turnaround. Instead, even with some cyclical rebound in the making, structural weaknesses will put a lid on German industrial production for a while
Spain’s economy grew by 0.6% over the third quarter, following a robust second quarter, as external demand weakened. With signs of cooling in industrial activity and tourism, growth is expected to normalise over the coming quarters and into 2026
August’s Italian production numbers suggest that a hoped-for timid improvement in the third quarter has not materialised. While some caveats should apply when dealing with summertime data, it would seem the onus now lies with a growth in services
Extremely disappointing industrial data in August has just increased the risk of yet another quarter of contraction for the German econom
The pickup in inflation to 2.2% in September was mainly due to energy effects, which will fade in the months ahead. A small undershooting of the inflation target actually seems realistic around the turn of the year. Expect the ECB to hold rates steady for now
The economy remains on track to see a small improvement in GDP growth in the third quarter as uncertainty fades and big shocks to trade have been avoided
August confidence indicators paint a picture of economic inertia, with growth momentum still concentrated in the services sector
Asia week ahead: data to show uptick in inflation in South Korea and Indonesia. CPI data will be released in Indonesia, the Philippines, and South Korea next week. A rise in inflation is expected, driven by higher oil prices. Elsewhere, China is set to release its PMI and new export orders, while Japan will publish the Tankan survey and industrial production data
