UK manufacturing sector to recoup some of the July fall
Oct 05, 2015 22:57 pm UTC| Commentary
The sector appears to be weakening with surveys showing significant declines from the peak readings of 2013 and 2014. However, the output indices within the surveys still signal positive output growth which does not fit...

RBA’s lift-off will be tougher than the Fed’s
Oct 05, 2015 22:36 pm UTC| Commentary Central Banks
The US Federal Reserve has been extraordinarily transparent in its intention to lift interest rates at some point this year. It also has been extraordinarily cautious. Recent concerns about financial market volatility and...
Despite a rebound in the headline, underlying inflation pressure eases in Taiwan
Oct 05, 2015 22:19 pm UTC| Commentary
Another strong typhoon hit Taiwan near the end of September, just as the supply of fresh food was slowly recovering from the two tropical cyclones in August. Again, vegetable and fruit prices are likely to have increased...
Brazil's inflation acceleration probably over in this cycle
Oct 05, 2015 21:56 pm UTC| Commentary
Releases through mid-September suggest that inflation acceleration is nearly over and we should expect a mild easing in pace in September and Q4. The bulk of the upside surprises over the past few months have been driven...
Australia's weak currency, weak commodity prices keeping trade deficit elevated
Oct 05, 2015 21:44 pm UTC| Commentary
According to the ABS preliminary estimate, goods imports increased by 0.8% mom in August, which is a pretty strong performance considering recent trends. It is assumed that services imports rose by around 0.5% mom, but...
Chile central bank debating when to tighten policy
Oct 05, 2015 21:34 pm UTC| Commentary Central Banks
The BCCh minutes indicates a hike is coming. The minutes from the September meeting, suggests a split decision: three board members voted to stay on hold while one board member voted for a 25bp rate increase. Clearly, the...

China’s FX reserves likely dropped to $3.5trn
Oct 05, 2015 21:19 pm UTC| Commentary Central Banks
Chinas FX reserves likely dropped by $57bn in September to $3.50trn, compared with a $94bn decline in August. Since there was little change in major currency valuations vs the USD, the estimated decline implies $55bn of FX...