Flash Notes
Consumer inflation edges up slightly in August
Headline inflation edged up to 4.4% year-on-year (y/y) in August from 4.3% in July, coming in slightly below our forecast and market consensus of 4.5%. There was no monthly pressure.
23 September 2026
Flash Notes
Mining weakness deepens at the start of 3Q26 despite resilient mineral sales
10 September 2026
Flash Notes
GDP growth undergoes a material moderation in 2Q26
Real GDP contracted by 0.2% q/q in 2Q26, following revised growth of 0.4% q/q in 1Q26. This represents a material moderation in economic activity and ends six consecutive quarters of GDP growth. The outcome was slightly below our forecast of 0.0% and the market consensus of -0.1%. On an annual basis, growth moderated to 0.9% y/y, from 1.9% y/y in the previous quarter, with year-to-date growth at 1.4%, ahead of our full-year forecast of 1.2% for 2026.
08 September 2026
Flash Notes
Consumer inflation exceeds expectations in June
Headline inflation rose to 5.0% year-on-year (y/y) in June from 4.5% in May, exceeding our forecast of 4.8% and market consensus of 4.7%. Monthly pressure was 0.7% month-on-month (m/m), mainly driven by core inflation.
22 July 2026
Flash Notes
Consumer inflation accelerates further in May
Headline inflation rose to 4.5% year-on-year (y/y) in May from 4.0% in April. The print is lower than our forecast and market consensus of 4.8%. Monthly pressure was 0.7% month-on-month (m/m), mainly due to energy and core inflation.
17 June 2026
Flash Notes
Growth momentum sustained in 1Q26, supported by financial services and agriculture
09 June 2026
Flash Notes
Retail sales growth slows in February
Retail sales growth eased sharply to 1.6% y/y in February, down from 4.4% in January (revised from 4.2%), and well below market expectations of a 4.8% expansion. On a month on month basis, sales volumes declined by 1.0%, reversing the 0.9% gain in the previous month.
22 April 2026
Flash Notes
Consumer inflation edges up slightly in August
Headline inflation edged up to 4.4% year-on-year (y/y) in August from 4.3% in July, coming in slightly below our forecast and market consensus of 4.5%. There was no monthly pressure.
23 September 2026
Flash Notes
Mining weakness deepens at the start of 3Q26 despite resilient mineral sales
10 September 2026
Flash Notes
GDP growth undergoes a material moderation in 2Q26
Real GDP contracted by 0.2% q/q in 2Q26, following revised growth of 0.4% q/q in 1Q26. This represents a material moderation in economic activity and ends six consecutive quarters of GDP growth. The outcome was slightly below our forecast of 0.0% and the market consensus of -0.1%. On an annual basis, growth moderated to 0.9% y/y, from 1.9% y/y in the previous quarter, with year-to-date growth at 1.4%, ahead of our full-year forecast of 1.2% for 2026.
08 September 2026
Flash Notes
Consumer inflation exceeds expectations in June
Headline inflation rose to 5.0% year-on-year (y/y) in June from 4.5% in May, exceeding our forecast of 4.8% and market consensus of 4.7%. Monthly pressure was 0.7% month-on-month (m/m), mainly driven by core inflation.
22 July 2026
Flash Notes
Consumer inflation accelerates further in May
Headline inflation rose to 4.5% year-on-year (y/y) in May from 4.0% in April. The print is lower than our forecast and market consensus of 4.8%. Monthly pressure was 0.7% month-on-month (m/m), mainly due to energy and core inflation.
17 June 2026
Flash Notes
Growth momentum sustained in 1Q26, supported by financial services and agriculture
09 June 2026
Flash Notes
Retail sales growth slows in February
Retail sales growth eased sharply to 1.6% y/y in February, down from 4.4% in January (revised from 4.2%), and well below market expectations of a 4.8% expansion. On a month on month basis, sales volumes declined by 1.0%, reversing the 0.9% gain in the previous month.
22 April 2026
Disclaimer
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