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Consumer goods, retail, travel, services and demand-cycle research from institutional reports.
The trade deficit narrowed to US$4.9 billion in June (May: US$6.1 billion, revised Emerging Markets Asia, Economic higher from US$5.5 billion), coming in…
Citi’s Credit Card Data for US Restaurants – Week Ending 7/25/26 Aggregate restaurant spend data grew by +3.2% Yr/Yr, with transactions up +2.3% and check…
Australia?s second-quarter CPI was softer than revised expectations, with both core and headline inflation undershooting RBA forecasts. JPMorgan sees…
Citi card data show continued divergence across US industrial-linked spending: HVAC contractor activity declined during the week while automotive service…
The market assumes a steady, extended US inventory restocking cycle through the second half of the year, but actual trade data reveals a compressed cycle…
The market assumes Eurozone credit conditions are uniformly tightening, but the latest lending survey reveals a clear divergence between corporate and…
The market interprets China's 2Q GDP miss as broad-based weakness, but the data reveals a structural divergence between export-driven production and domestic…
The market treats Europe's heatwave as a temporary shock, but data reveals a structural divergence between cooling demand and logistics resilience. With only…
The market treats Avenue Supermarts as a stable growth retail winner, but the persistent deceleration in same-store sales growth and declining revenue per…
The market prices PKO Bank Polski as a cyclical bank, but data reveals its non-interest income generation is a structural counterweight to net interest margin…
The market prices J.B. Hunt as a cyclical freight recovery play, but a structural margin expansion is underway, driven by regulatory capacity removal and…
The market misprices China banks as a uniform defensive sector, but a style rotation is creating a structural divergence between SOE banks and joint-stock…
The market treats Latin America as a single homogenous EM block, but June returns reveal a 19-percentage-point spread between Andean winners and Southern Cone…
The market treats Sodexo as a uniformly weak top-line story, but the data reveals a sharp structural divergence between accelerating Rest of World growth and…
The market treats Rohm as a cyclical trough in analog/discrete semiconductors, but Si-MOSFET export data reveals a structural supply squeeze driven by AI…
The market interprets BCG's FY27 growth guide as a structural slowdown, but B2C advertiser data across Real Estate, Auto, and Jobs/Services remains resilient…
The market treats Argentine lending as a uniformly deteriorating asset class, but data reveals a structural divergence between commercial loans and non-bank…
The market treats large and small banks as a homogeneous group, but a sharp divergence in deposit and loan trends reveals a structural fault line that is not…