Brazil's real credit growth likely turned negative in July

Sep 25, 2015 06:26 am UTC| Commentary

Brazils credit growth has been on a decelerating trend since end-2010 and it would be difficult to expect any turnaround given the shape of the economy, the state of investor sentiment, and monetary and (now!) fiscal...

Lower demand from EMs and China hit German economy

Sep 25, 2015 06:22 am UTC| Commentary Economy

The PMIs fell more than expected in Germany, pulled down particularly by lower manufacturing confidence. Whereas, the levels are still high indicating a growth rate around 0,4 % in the third quarter of 2015, argues Nordea...

Tendency Survey indicates positive sign for Sweden growth rate

Sep 25, 2015 06:11 am UTC| Commentary

Sweden households inflation expectations remained close to 2% (up 0.1% point to 1.9% in September). This is most likely welcomed by the Riksbank, although the survey is a bit tricky to interpret after the changed method...

Third time likely to be charm for U.S. Q2 GDP growth

Sep 25, 2015 06:01 am UTC| Commentary

Data released subsequent to the Bureau of Economic Analysis preliminary report on U.S. real GDP growth during the spring point to yet another markup. Stepped-up spending by consumers and businesses, along with a larger...

Mexico's trade deficit narrows as exports increase in dollar terms

Sep 25, 2015 05:43 am UTC| Commentary

Year-to-date, Mexicos trade balance has worsened to -m from -m during the same period last year. The worsening trade balance primarily has to do with the fall in dollar exports growth (-2.2% year-to-date from 4.1% in...

China experiences structural slowdown

Sep 25, 2015 05:37 am UTC| Commentary

Developments since Q2 2015 continue to suggest China is experiencing a structural slowdown while facing strong cyclical headwinds. The overarching theme is still the shift away from an investment-led growth model to a...

BoC’s growth forecast for Q3 face significant risk

Sep 25, 2015 05:21 am UTC| Commentary Central Banks

Retail sales volumes were up by a somewhat mild 0.2% m/m. Housing starts were sharply higher at 216,900 from 193,300 the prior month. The fact that this was led by a roughly 20% m/m rise in multi-housing units that carry...