Russia's early July indicators point to a strong start to 3Q, at least in mining
Aug 11, 2015 02:06 am UTC| Commentary
Russias early July activity indicators suggest the economy may have gained some momentum into 3Q after a disappointing 2Q. Oil output growth firmed to 2.4%oya in July from 1.6% in June, accompanied by stronger refinery...
Euro area output data could disappoint over the summer months
Aug 11, 2015 00:57 am UTC| Commentary
Recent hard economic data suggest that, similar to last year, euro area output data could disappoint over the summer months. Industrial production fell in May and June, meaning market expectations of solid GDP growth in Q2...
Malaysia June IP: Manufacturing resilience maintained
Aug 11, 2015 00:43 am UTC| Commentary
Malaysias IP came broadly in line with the market expectations at 4.3% in June (May: 4.5%), as activity remains firm after a small dip post GST implementation. On a seasonally adjusted m/m basis, production rose 0.1%,...
Aug 11, 2015 00:29 am UTC| Commentary
In Q2 2015, real manufacturing output in Germany was up by a seasonally adjusted 0.2% on the Q1 level. This was the third quarterly increase in a row. New manufacturing orders surpassed the level of the preceding period by...
Argentina: Still an open election; but Scioli has options
Aug 10, 2015 23:47 pm UTC| Commentary
With 92.8% of votes counted, Argentinas primary election results showed Sciolis FPV with 38.4% of the vote, Macris Cambiemos with 30.1%, and Massas UNA with 20.6%. Rather than polarizing the race into a two-candidate...
Eurozone economic activity continues to expand
Aug 10, 2015 23:09 pm UTC| Commentary Economy
Eurozone economic activity continues to expand at a modest pace, with the manufacturing PMI reaching 52.4 in July. Italy and Spain PMIs remain in strong expansion, near multi-year historical highs. Spain GDP accelerated...
China industrial profits declining
Aug 10, 2015 22:52 pm UTC| Commentary
China profits at major industrial firms declined -0.3% yoy in June (vs. +0.6% in May). The decline of corporate profitability is putting pressure on highly leveraged companies that face large excess capacity and weaker...