UK retail sales grew a little more than expected in April. The broader trend also suggests a slightly brighter picture for consumer spending, notwithstanding still-intense cost of living pressures from...
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Charts of the Week
Charts of the Week
The messaging from this week’s raft of economic data has painted an increasingly familiar picture of the global economic scene. Headline inflation is finally easing off its highs in large part thanks to ebbing energy prices. But last year’s high levels of inflation and the global trend toward tighter monetary policy that they sparked are now exacting a heavier toll on economic activity.
Fading supply chain pressures, inventory imbalances and ebbing PPI inflation
Financial market sentiment has continued to improve in recent days in part due to the removal of uncertainty surrounding the US debt ceiling. However, as some of our exhibits this week suggest, the world economy is not yet out of danger. Our charts specifically home in on the following factors:
- Fading global supply chain pressures
- Weaker inflation in the euro area
- The slowdown in China’s trade
- The fragility of investors’ growth expectations
- US inventory imbalances
- Asia’s transition to a Green economy
Read the full commentary and see the charts here: https://haverproducts.com/charts-of-the-week-2023/
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