Russia’s capital expenditure failed to recover from losses
Aug 17, 2015 22:33 pm UTC| Commentary
Investment continued to be depressed, driven by pessimistic expectations expressed by enterprises in a series of recent surveys conducted by Rosstat. The gradual decline in business confidence has been accompanied by...
Euro area consumer confidence to remain stable in August
Aug 17, 2015 22:05 pm UTC| Commentary Economy
Euro area consumer confidence has been rising dramatically since 2013, reaching historically high levels. Since the beginning of the year, it has improved further on the back of falling oil prices. However, since May,...
Aug 17, 2015 21:48 pm UTC| Commentary
US data was mixed overnight, with the empire manufacturing survey posting a very weak result, and the NAHB housing index printing another cycle high. The Aug empire survey was all around disappointing with a big miss on...
US headline and core CPI to rise by 0.2% in July
Aug 17, 2015 21:38 pm UTC| Commentary
A central expectation of the FOMC is that the deflationary impulse associated with the weak oil price and strong USD will abate, seeing inflation tend to their 2.0% medium-term target. While annual headline inflation...
Mexico's GDP growth slowed further in Q2; H2 prospects intact
Aug 17, 2015 21:22 pm UTC| Commentary Economy
The industrial production and economic activity releases suggest that growth likely slowed to 2.0% yoy in Q2 (0.6% qoq on a seasonally adjusted and sequential basis) even though activity growth improved to 2.2% yoy in...
Brazil's inflation acceleration continues in Q3
Aug 17, 2015 20:59 pm UTC| Commentary Economy
While mom prices rose 0.62% in July, less than the 0.79% mom in June, annual inflation jumped to 9.56% yoy from 8.89% yoy in June. The acceleration was quite broad-based with the mom rate of price change exceeding their...
Bank of Indonesia rate to remain unchanged
Aug 17, 2015 20:44 pm UTC| Commentary Central Banks
The Bank of Indonesia (BI) is expected to remain on hold during its monetary policy meeting in August, even as the economy braces for its second sub-5% annual growth since the financial crisis hit us. With inflation...