Implications of Brexit on New Zealand economy

Jun 24, 2016 06:58 am UTC| Economy Commentary

The New Zealand economy is unlikely to be affected in the immediate aftermath of the Brexit; however, the nervous global environment is likely to see the New Zealand dollar fall further against the US dollar in the days...

PBOC likely to cut policy rate as UK votes to leave EU

Jun 24, 2016 06:07 am UTC| Commentary Central Banks Economy

The Peoples Bank of China (PBoC) is expected to advocate another additional cut in the reserve requirement ratio, in reaction to Britains withdrawal of its membership from the European Union. Although the Brexit result is...

U.S. housing activity likely to remain strong in medium term

Jun 24, 2016 05:54 am UTC| Commentary Economy

Sales of new homes in the U.S. dropped sharply in May, declining 6 percent on sequential basis to 551,000. Consensus expectations were for 560,000. Meanwhile, data was downwardly revised for prior months. This was due to...

Business conditions across U.S. manufacturing sector strengthen in June

Jun 24, 2016 05:12 am UTC| Commentary Economy

Business conditions throughout the U.S. manufacturing sector have been strengthening in June, according to the flash manufacturing PMI. The seasonally adjusted Markit Flash U.S. manufacturing PMI rose to 51.4 in June from...

RBNZ ready to take measures against strengthening currency

Jun 23, 2016 13:09 pm UTC| Commentary Economy

The Reserve Bank of New Zealand is concentrating more on the trade weighted New Zealand dollar. At present, it trades significantly above the level the central bank had assumed in its forecast in June. This signifies that...

Danish consumption growth likely to remain strong in 2016

Jun 23, 2016 12:28 pm UTC| Commentary Economy

Danish economy was mainly driven by private consumption in 2015. Private consumption had grown 2.1 percent year-on-year and has continued with that momentum in 2016. It rose 0.7 percent between the fourth quarter of 2015...

Mexico’s consumption likely to remain strong in Q2 on solid growth in retail sales

Jun 23, 2016 11:57 am UTC| Commentary Economy

Mexicos retail sales are likely to have expanded in April. It is expected to have grown 6.6 percent year-on-year; however, the seasonally-adjusted rate is likely to have dropped 1.2 percent on sequential basis after...