Continuation of Poland's current account deficit likely for August

Oct 12, 2015 22:23 pm UTC| Commentary

In the trade account, a deficit of 401m is expected resulting from a decrease in export orders (10.8% mom). The EU funds inflow likely had a neutral effect, as Poland received 212m in current transfers, according to MinFin...

US retail and food services sales probably dipped in September

Oct 12, 2015 21:54 pm UTC| Commentary

A tug of war between a price-induced drop in gasoline purchases and stepped-up consumer outlays on other goods and restaurant meals probably left retail and food services sales 0.1% lower in September, after a modest 0.2%...

Final Spanish inflation to confirm flash estimate at -1.2% yoy

Oct 12, 2015 21:35 pm UTC| Commentary

Spanish HICP inflation fell further from -0.5% yoy to -1.2% yoy in September, much lower than the market expectations (-0.7% yoy). As the INE does not give any details, we will have to wait for the final release to look at...

UK unemployment rate and earnings growth to rise

Oct 12, 2015 21:27 pm UTC| Commentary

UK employment growth ground to a halt in the three months to May. Indeed, it actually fell by 0.2% 3mth/3mth. A small part of that weakness may have been caused by uncertainty surrounding the election because we have seen...

China’s CPI inflation to soften marginally; PPI deflation to deepen again

Oct 12, 2015 20:47 pm UTC| Commentary

Chinas CPI inflation strengthened to 2% yoy in August from 1.6% yoy in the previous month. This was purely driven by stronger food inflation that increased by 1pp to 3.7% yoy, mainly on the back of higher pork prices....

No constructive message from China’s September trade data

Oct 12, 2015 20:28 pm UTC| Commentary Economy

Chinas trade growth bounced back slightly in August from July. However, the rebound is not expected to be sustained. The gauge of export orders in the September PMI report ticked up to 47.9 in September, but this was still...

UK credit conditions little changed in Q3

Oct 12, 2015 20:21 pm UTC| Commentary

The Q2 survey showed little change in credit availability for unsecured household lending and corporate lending but some increase in mortgage availability. Demand for mortgages are expected to remain strong and that banks...