US federal deficit likely to remain at current levels in Q4

Nov 13, 2015 05:29 am UTC| Commentary Economy

US Treasury released its monthly federal budget balance statement for October, in which a deficit of $137bn was reported. This is modestly above the consensus expectations of $132bn. When compared to same period last...

India's CPI inflation accelerates, production softens

Nov 13, 2015 02:30 am UTC| Commentary Economy

Oct CPI inflation accelerated to 5% (YoY) from Seps 4.4% on higher food prices and fading base effects. Headline readings are off the sub-4% trough in Jul-Aug, with base effects and pipeline food pressures to keep...

Looking ahead to a decent Italian GDP report

Nov 12, 2015 22:23 pm UTC| Commentary Economy

Recent developments in the Italian economy indicate that activity remained unchanged at 0.3% qoq in Q3. The statistical tools put GDP growth at 0.3% qoq, in line with the increase posted in Q2. The improvement seems to...

Japanese economy contracted by a mild amount in Q3

Nov 12, 2015 22:08 pm UTC| Commentary Economy

Consensus thinks the Japanese economy contracted by a mild amount in Q3 following the sharper 1.2% contraction in Q2. Much of this is expected to be due to the tracking of softer business investment as consumption probably...

French GDP to show consumption driven recovery

Nov 12, 2015 21:53 pm UTC| Commentary Economy

Q3 GDP growth of 0.4% qoq is expected in France (up from 0% in the previous quarter). A batch of hard data even suggests that risks are tilted to the upside. Goods consumption (representing 50% of total consumption)...

Spanish GDP growth has passed its peak

Nov 12, 2015 21:38 pm UTC| Commentary Economy

The Q3 GDP figure for Spain was released at the end of October, but without the details in terms of components. Growing by 0.8% qoq in Q3 (3.4% yoy), the Spanish economy remained one of the most dynamic in the euro area....

German growth stable in Q3

Nov 12, 2015 21:34 pm UTC| Commentary Economy

German GDP is expected to have grown by 0.4% qoq, the same as in Q2, pointing to resilience to the Greek confidence shock and global growth concerns due to China. Late data in Q3 have however been weaker than expected,...