U.K employment continues to slowdown

Aug 19, 2015 08:59 am UTC| Commentary Economy

U.K. Labour market report for June showed wages somewhat on the soft side, as bonuses contracted 17%, pushing headline average weekly earnings (AWE) down below expectations. Excluding bonuses, AWE were just in line with...

Mexico's GDP growth likely slowed in Q2

Aug 19, 2015 04:32 am UTC| Commentary Economy

Mexicos industrial production and economic activity releases suggest that growth likely slowed to 2.0% yoy in Q2 even though activity growth improved to 2.2% yoy in June. While the supply side proxy puts Q2 growth at 2.1%...

Brazil inflation acceleration continues in Q3

Aug 19, 2015 04:19 am UTC| Commentary Economy

While Brazil mom prices rose 0.62% in July, less than the 0.79% mom in June, annual inflation jumped to 9.56% yoy from 8.89% yoy in June. The acceleration was quite broad-based with the mom rate of price change exceeding...

Indonesia: Disappointing investment growth weights on GDP growth

Aug 19, 2015 01:23 am UTC| Commentary Economy

Trade surplus in excess of USD 1bn used to prompt cheers in the markets but this was not the case for Julys USD 1.3bn. Perhaps markets are no longer concerned about the current account (C/A) deficit, which has indeed...

U.S. fundamentals expand as china takes it on the chin

Aug 18, 2015 16:13 pm UTC| Commentary Economy

U.S. housing starts expanded to the highest level in nearly 8 years to 1.21 million annualized units with positive revisions in June. This is on top of last weeks strong retail sales as well as employment numbers. The...

Russian consumption still depressed, but a moderate recovery is looming

Aug 18, 2015 07:07 am UTC| Commentary Economy

Russias consumer demand recovered at a very slow speed which is being reflected in the very weak recovery in retail sales. On a seasonally adjusted basis, retail sales in monthly terms have seen some gains, but are still...

Taiwan's current account surplus is sizeable and likely to remain so

Aug 17, 2015 23:44 pm UTC| Commentary Economy

Taiwans current account surplus rose strongly to 16.8% of GDP in Q1 2015 from 14% in Q4 2014. Surges in the trade surplus alone contributed around 3pp to the increase, thanks to sharply reduced commodity import prices. The...