Both UK's unemployment rate and earnings growth likely to rise

Oct 12, 2015 08:38 am UTC| Commentary

UKs 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...

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

Oct 12, 2015 08:29 am UTC| Commentary

Spanish HICP inflation fell further from -0.5% yoy to -1.2% yoy in September, much lower than market expectations (-0.7% yoy)."Any changes are unlikely in final Spanish HICP inflation from its flash estimate of -1.2% yoy...

Final Italian HICP consumer prices to print at 0.2% yoy

Oct 12, 2015 08:16 am UTC| Commentary

In Italy, energy again proved to be the biggest drag, falling further from -6.4% yoy in August to -7.6% yoy in September, cutting 12bp from the headline."The final Italian HICP inflation is expected to confirm the flash...

French inflation to remain stable at 0.1% yoy in September

Oct 12, 2015 08:13 am UTC| Commentary

The main culprit behind downward pressure on French inflation is the lower fuel prices as a result of persistently weak Brent prices in euro terms."French HICP inflation is expected to remain unchanged at 0.1% yoy in...

Mexico's manufacturing losing steam as US growth weakens

Oct 12, 2015 07:52 am UTC| Commentary

Trade data suggests that Mexicos industrial production growth fell further to 0.2% yoy in August as manufacturing growth slowed to 0.5% yoy. Meanwhile, the mining sector continues to be a significant drag to IP growth and...

Banxico's rate hike likely in june 2016

Oct 12, 2015 07:46 am UTC| Commentary

Mexicos August industrial production will be released today. A reduction of 0.3% m/m is foreseen due to the contraction in US manufacturing, putting us below consensus (+0.2% m/m), says Barclays. This reading would confirm...

Zombification causes slow growth rate of Chinese economy

Oct 12, 2015 07:34 am UTC| Commentary

Chinas state-owned banks will support its highly indebted companies. China should thus avoid a recession. However, Japan shows that keeping many seemingly dead companies ("zombies") afloat weighs on the long-term growth...