Daily Economic Outlook: 1st October 2015

Oct 01, 2015 04:14 am UTC| Commentary

The UK manufacturing PMI and US ISM manufacturing surveys are the main data focus today, ahead of tomorrows US employment report. The trade-weighted sterling exchange rate has eased back in recent weeks, but it may provide...

ECB likely to expand asset purchases and add corporate bonds

Oct 01, 2015 03:41 am UTC| Commentary Central Banks

Euro area inflation returned to negative territory in September (-0.1% yoy). Following persistent weakness in energy prices, the headline inflation is expected to average 0.1% in 2015 and 1.0% in 2016 compared to our...

Korea's inventory overhang improves a little

Oct 01, 2015 03:34 am UTC| Commentary Economy

The persistent sluggishness in the trade performance and the large inventory overhang in autos and electronics increase the likelihood that Q3 GDP growth may undershoot the official expectations of at least 1% q/q...

Fuel prices push Euro Area headline into negative territory

Oct 01, 2015 03:30 am UTC| Commentary

Euro area inflation in September fell into negative territory for the first time since March 2015. In yoy terms, it fell into the red (-0.1%), with the energy component at -8.9% yoy. After slowing to 0.8% in 2014 from an...

Euro Area September inflation declines

Oct 01, 2015 02:22 am UTC| Commentary

Euro area September advance inflation fell -0.1% YoY, a first since Mar15 and from downwardly revised 0.1% YoY in Aug. Core inflation (ex food and fuel) rose 0.9%, steady from month before. Weak numbers from the core...

India’s fiscal position eases into August

Oct 01, 2015 02:07 am UTC| Commentary

Indias cumulative fiscal deficit in first five months of FY15/16 scaled back on higher non-tax revenues support, while expenditure remained on track. Helped by a rare fiscal surplus in Aug, the Apr-Aug fiscal deficit...

Loan growth has moderated again in Singapore

Oct 01, 2015 01:57 am UTC| Commentary

Loan growth has moderated again in Singapore. After a modest uptick to 2.2% YoY in the previous month, overall loan growth slipped to 1.5% in August. This is mainly driven by a sharp drop in business loan growth to 0.2%,...