Singapore October NODX: Pharma drives an upside surprise

Nov 17, 2015 02:58 am UTC| Commentary

Singapores non-oil domestic exports fell a marginal 0.5% y/y in October (Sep: +0.3%; Aug: -8.4%), stronger than expected (consensus: -3.0%). On a m/m sa basis, exports grew 1.1% m/m, following a strong 2.8% expansion in...

Poland's industrial output growth set to have slowed in October

Nov 17, 2015 02:18 am UTC| Commentary

Polands industrial output growth is expected to have decreased to 3.2% yoy in October from 4.1% in September. Figures are slightly above market consensus. Industrial output growth in October was mainly driven by growth in...

Weak commodity prices narrow trade deficit, weigh on inflation in India

Nov 17, 2015 02:12 am UTC| Commentary

Oct exports slumped for the eleventh consecutive month, but the trade balance received a hand from the simultaneous collapse in commodity imports. Exports fell 17.5% YoY (vs 24.3% in Sep) outpaced by imports at -21% (vs...

Thailand GDP growth came within expectations

Nov 17, 2015 01:52 am UTC| Commentary Economy

Thailand 3Q15 GDP growth came in at 2.9% (YoY). On sequential basis, however, growth momentum accelerated markedly to 4.0% (QoQ, saar) from an average of 1.5% in 1H15. In the past year, sequential GDP growth has averaged...

Eyes on Bank Indonesia’s policy statement

Nov 17, 2015 01:36 am UTC| Commentary Central Banks

Expect Bank Indonesia (BI) to keep its key BI rate unchanged on Tuesday. While the October policy statement sounded dovish, there seemed to be little conviction whether a rate cut is necessary at this juncture. Recent...

CNY to weaken but not as quickly as initially expected

Nov 17, 2015 00:48 am UTC| Commentary

The authorities resistance to CNY depreciation is inconsistent with the countrys weak economic outlook, monetary easing bias and capital account liberalization plan. China is trying to manage the impossible trinity....

Euro-area consumer confidence to improve

Nov 17, 2015 00:15 am UTC| Commentary

The consumer confidence indicator, published by the European Commission, is based on questions concerning the general economic situation, expectations of unemployment, savings and households financial situation over the...