Russia's industrial production a bit slower, but no longer a soft spot

Nov 20, 2015 15:59 pm UTC| Commentary Economy

In October, Russian industrial production did not deteriorate that much in annual terms ( 3.6% yoy versus -3.7% yoy in September), but, taking seasonal and calendar effects into account it continued to contract (-0.1% mom...

Canadian retail sales fall in September for the first time in four months

Nov 20, 2015 15:16 pm UTC| Commentary Economy

Canadian retail sales fell 0.5% (m/m) in September after rising for four consecutive months. Todays reading came in well below the median consensus forecast of a 0.1% increase. Much of the weakness was due to lower prices...

Another modest month for Canadian inflation

Nov 20, 2015 15:12 pm UTC| Commentary Economy

Canadian inflation was up 1.0% year-on-year in October, a repeat of the growth seen in September. Core inflation, which excludes the eight most volatile components, rose 2.1% y/y for a third consecutive month. Price...

Japan sliding into recession mode, 2% inflation target still a major concern for BoJ

Nov 20, 2015 09:33 am UTC| Insights & Views Economy

The GDP data (-0.2%) for Q3 illustrated that Japan is in recession. However, while the inflation rate remains at 0 because of which the BoJ cannot breathe a sigh of relief. Unchanged unemployment claims were stubborn...

Philippines back to 6% growth

Nov 20, 2015 01:49 am UTC| Commentary Economy

Last weeks policy meeting reemphasised that Bangko Sentral ng Pilipinas is unlikely to loosen its monetary policy stance anytime soon. While CPI inflation is set to miss the official target this year, GDP growth momentum...

Mexico economy likely to have accelerated in Q3, and looks set to improve further

Nov 19, 2015 23:30 pm UTC| Commentary Economy

Mexicos economic activity has, in fact, surprised to upside in recent months considering the extent of slowdown in industrial production (particularly in the mining sector). The trade and IP numbers put supply-side growth...

Fitch: Changing Crude Supply Trends May Help European Refiners

Nov 19, 2015 11:15 am UTC| Economy

Changes in global oil supply trends, including highRussian production, the expected renewal of Iranian heavy crude exports and thepressure on US shale oil output, may benefit European refiners, Fitch Ratingssays. These...