Russia's economy likely near bottom of the cycle

Oct 20, 2015 04:31 am UTC| Commentary Economy

Russias September real sector indicators provide some encouragement. Production indicators signal that the decline may have hit bottom and production is no longer declining. However, household consumption indicators imply...

Few aspects are encouraging, but not all growth cylinders are firing away in India

Oct 20, 2015 02:03 am UTC| Commentary Economy

Not all growth cylinders are firing at once, some are showing progress. Better production numbers and improved discretionary spending are encouraging, though the capex cycle is yet to take-off convincingly. Firstly,...

Mexico's inflation slips further on food prices even as core inflation strengthens

Oct 20, 2015 00:22 am UTC| Commentary Economy Central Banks

Mexicos inflation slipped below 3.0% (Banxicos target) in May for the first time in a decade and continued to fall since then, as core inflation remained at its lowest level ever at 2.3% and food inflation fell. Core...

Mexico unemployment falling at a mild pace and won’t get to full employment this year

Oct 19, 2015 23:51 pm UTC| Commentary Economy

The average unemployment rate this year is down from 4.8% to 4.4%. However, the seasonally-adjusted number shows that, averages apart, the unemployment rate has hardly moved since the end of 2014 as the economy continues...

Brazil's inflation has peaked; but meaningful moderation will have to wait until next year

Oct 19, 2015 23:18 pm UTC| Commentary Economy

Releases through September suggest that inflation acceleration is over. The full month inflation number eased to 9.49% yoy in September from 9.56% in July and 9.53% in August. In fact, the monthly rate of change in prices...

Brazil's current account set for sharp improvement in H2 15

Oct 19, 2015 22:17 pm UTC| Commentary Economy

The deeper contraction in dollar import numbers (-23% yoy until September), compared with exports (-16.8% yoy), have helped the trade balance improve to USD10.2bn from a deficit of -USD0.7bn YTD. It is estimated that the...

UK public finances improvement to stall temporarily in September

Oct 19, 2015 20:54 pm UTC| Commentary Economy

The monthly evolution of the budget deficit is highly erratic. In the first three months of the fiscal year, the PSNBex measure fell by a total of 6bn compared to a year earlier but then in the following two months was...