US Q3 GDP tracking 1.2% after August wholesale inventories
Oct 09, 2015 14:45 pm UTC| Commentary
Total wholesale inventories rose 0.1% m/m in August, between forecast (0.2%) and consensus expectations (0.0%), while July data were revised lower to -0.3% m/m (initial: -0.1%). Wholesale inventories of durable goods rose...
Canadian employment rose by 12.1K in September, driven by part-time work
Oct 09, 2015 14:31 pm UTC| Commentary
Employment was up by 12.1K net positions in September, following gains of 12K in August. The unemployment rate rose to 7.1% (from 7.0%) as additional Canadians joined the labour market. Despite the similar headline...
US import prices decline modestly in September
Oct 09, 2015 14:23 pm UTC| Commentary Economy
US import prices fell less than expected in September, with the upside surprise relative to forecast coming from both petroleum and non-petroleum prices. Total import prices declined a modest 0.1% m/m, less than our...
CAD monthly currency outlook (6-12 month)
Oct 09, 2015 12:30 pm UTC| Commentary
After a brief pause through mid-September, the uptrend in USD/CAD resumed as the pair moved to a new cyclical high. The catalysts for USD/CAD strength to remain in place through year-end. Benefits from a weaker currency...
Euro area industrial production outlook for August
Oct 09, 2015 12:22 pm UTC| Commentary
A mixed set of national industrial production data for August from some European countries like France, Italy and the Netherlands suggested that while euro-zone industry might have fared slightly better in Q3 than it did...
Low public investment may hit euro area private investment
Oct 09, 2015 12:21 pm UTC| Commentary
The low level of public investment in euro area, which has been cut substantially over the past few years as a result of fiscal consolidation, could affect private investment. That has been argued notably by Germany where...
Net exports contribution in euro area GDP likely to sink
Oct 09, 2015 12:17 pm UTC| Commentary Economy
A temporary decline in German car market shares abroad is expected as a result of the VW scandal, although the macroeconomic effect should be limited both in size and over time. The euro area exports are likely to grow...