US auto sales remained red hot in November

Dec 02, 2015 00:21 am UTC| Commentary Economy

Purchases remained above an annualized 18 million units for a record-setting third consecutive month. Enhanced incentives, a solid labour market and significant replacement demand have combined to lift year-to-date sales...

Hong Kong’s exports stronger than expected in October, telecom exports surge

Dec 01, 2015 23:08 pm UTC| Commentary Economy

Hong Kongs total exports rose 1.1%m/m, sa in October, leaving total exports down 3.7%oya. Meanwhile imports slipped 0.1%m/m, sa, falling 8.5%oya in October. As a result, the trade deficit narrowed to HK$29.6 billion in...

Peru’s domestic demand is stabilizing

Dec 01, 2015 22:44 pm UTC| Commentary Economy

Perus GDP grew 2.9%oya in 3Q15, virtually unchanged from the 3.0% growth in 2Q. On a sequential basis, activity slowed to 2.7%q/q, saar in 3Q from 3.6% in 2Q, pointing to stabilization ahead. On a year-to-date basis the...

Emerging Market Crisis Series

Emerging Europe Manufacturing PMI: Turkey and Hungary confidence improves

Dec 01, 2015 21:47 pm UTC| Commentary Economy

Emerging Europe weighted average manufacturing PMI improved for the third consecutive month in November to 51.0 from 50.7. Thus, in Q4 PMI is running more than one point higher than the Q3 average, led by Hungary, Russia,...

Weak US ISM manufacturing in November puts Fed in difficult position

Dec 01, 2015 17:49 pm UTC| Commentary Economy

The US manufacturing ISM in November declined to 48.6 in November from 50.1 in October (Forecast: 50.3, consensus: 50.5), which is the lowest level since June 2009. It is also the first time since 2012 that the ISM...

Brazil’s recession not yet bottomed

Dec 01, 2015 17:30 pm UTC| Commentary Economy

Growth continues to disappoint as the recession has deepened its grip on all sectors of the economy. Todays GDP prints for the third quarter showed economic activity contracted by a worse-than-expected -1.7% q/q in Q3, (vs...

US ISM manufacturing index slips into contractionary territory in November

Dec 01, 2015 17:13 pm UTC| Commentary Economy

The Institute for Supply Management (ISM) manufacturing index was fell into contractionary territory in October, decreasing by 1.5 points to 48.6. The headline print was well below consensus expectations, which called for...