Technical recession confirmed in Japan; little impact on monetary policy

Nov 16, 2015 02:49 am UTC| Commentary Economy

The 3Q GDP reported a 0.8% (QoQ saar) contraction this morning. This is the second consecutive quarter of decline, confirming that the economy has slipped into a technical recession. Investment and inventories were the...

Eurozone 3Q GDP growth runs out of steam

Nov 16, 2015 02:31 am UTC| Commentary Economy

According to advance estimates, the Eurozone economy expanded 0.3% (QoQ, sa) in 3Q15 slowing from 0.4% in 2Q. This translated to 1.6% YoY pace, in line with the expectations but slightly slower than consensus at 1.7%....

India's WPI deflation to ease

Nov 16, 2015 02:24 am UTC| Commentary

After firm CPI inflation out last week, todays Oct WPI inflation will be watched closely. Fading base effects and a sharp jump in some food categories are likely to push headline up -3.5% YoY from -4.5% in Sep. Food...

Thailand's GDP growth is due on Monday

Nov 16, 2015 02:08 am UTC| Commentary

Thailands 3Q15 GDP growth is due on Monday and market consensus is looking at an even lower number than the 2.8% recorded in 2Q15. In any case, overall GDP growth is set to come in below 3% this year. Focus is on 2016 and...

New Zealand Q3 2015 retail sales up 1.6%

Nov 16, 2015 01:55 am UTC| Commentary Economy

After pausing for air in June, retail sales growth rebounded in September. Over the quarter, the volume of goods sold was up a solid 1.6%, leaving sales up 5.7% over the year. Looking into the details of the report,...

US new residential building activity expected to expand

Nov 16, 2015 00:46 am UTC| Commentary

Buoyed by unusually warm and dry weather conditions in the continental US, the number of new housing units started probably climbed by 1.2% to an eight-year high seasonally adjusted annual rate of 1.22 million units in...

UK retail sales to dip after extra-ordinary September surge

Nov 16, 2015 00:37 am UTC| Commentary

Sales surged by 1.7% mom in September, far in excess of any market expectations. There were favourable bank holiday effects but, even so, the strength of sales was clearly unsustainable and will be reversed in the October...