U.S. economy likely to expand 2.5 pct in 2018, CPI inflation likely to average 2.2 pct in 2017 – Lloyds Bank

Jul 31, 2017 23:06 pm UTC| Commentary

Since mid-2009, the U.S. economic upswing has been underway and the jobless rate at 4.4 percent in June is close to the post-crisis low. Annualised growth in the June quarter, released last week, came in in at 2.6 percent...

Mexican economic growth accelerates above expectations in Q2

Jul 31, 2017 23:04 pm UTC| Commentary

The Mexican economy expanded more than projections in the second quarter as compared with the first quarter. The Mexican statistical office, INEGI, showed that the GDP grew 0.6 percent quarter-on-quarter. But on a...

Italian consumer price inflation rises in July

Jul 31, 2017 23:03 pm UTC| Commentary

The preliminary estimates released by Italys official statistics institute, ISTAT, showed that the nations consumer price inflation rose 0.1 percent sequentially in July and 1.1 percent year-on-year, down from 1.2 percent...

Italian industrial producer price index rises sequentially in June

Jul 31, 2017 23:01 pm UTC| Commentary Economy

The Italian industrial producer price index rose in June on a sequential basis. According to the Italian official statistics office, Istat, the total producer price index rose 0.3 percent sequentially. The producer price...

Euro area core inflation accelerates slightly in July, headline print likely to rise in months ahead

Jul 31, 2017 22:16 pm UTC| Commentary Economy

Euro areas core inflation accelerated a bit in July and begins to show an upward trend. This supports the view of a gradual ECB exit, noted Nordea Bank in a research report. The headline inflation continued to be slow at...

Chicago PMI print falls in July, activity likely to accelerate in future

Jul 31, 2017 22:05 pm UTC| Commentary

The Chicago PMI dropped in July, coming in line with expectations. The PMI dropped to 58.9 in July, as compared with consensus expectations of 60. They survey had reached its highest level since 2011 in June and the index...

Chinese economic activity likely to soften, but downside risks to growth diminished in recent months

Jul 31, 2017 16:56 pm UTC| Commentary Economy

China has been more resilient than anticipated in the last few months. The housing market is holding up still in spite of the tightening measures and PMI manufacturing implies that growth might have rebounded slightly...