Mexico's trade deficit rises further as exports falling in dollar terms

Sep 21, 2015 22:35 pm UTC| Commentary

Year-to-date, the trade balance has worsened to -USD6,319m from -USD1,302m 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...

Inflation continues to slip after falling below Banxico target in May

Sep 21, 2015 22:26 pm UTC| Commentary

Inflation slipped below 3.0% (the Banxicos target) in May for the first time in a decade and has declined even further since then, as core inflation remained at its lowest level ever at 2.3% and food inflation fell to its...

Australian house prices reaccelerating, driven by Sydney

Sep 21, 2015 21:54 pm UTC| Commentary

The two rate RBA rate cuts in February and May, which were effectively fully passed on by lenders, have reignited residential property prices, especially in Sydney and Melbourne. In addition, discussions about tightening...

Brazil's real credit growth likely turned negative in July

Sep 21, 2015 21:27 pm UTC| Commentary

After a brief pick-up in H2 14 on liquidity measures, credit growth resumed its decelerating trend. Credit growth shrunk below 10% in June but saw a modest uptick in July as business credit posted the best yoy gain in four...

Mexico's retail sales growing at an impressive pace on lower inflation

Sep 21, 2015 21:03 pm UTC| Commentary

Despite the growth weakness in H1 and the visible effect of the slowdown in the labour market, retail sales on average have continued to trend up this year - in part due to the low base effect in H1 2014, but mostly due to...

Brazil's unemployment moderates in August, but to rise substantially in medium term

Sep 21, 2015 20:57 pm UTC| Commentary

The GDP contraction this year has resulted in a sharp deterioration in the labour market as the unemployment rate rose to 7.5% in July from 4.3% in December 2014 (to 7.3% from 5.1% on a seasonally-adjusted basis during...

Weakness in Taiwan’s industrial production to persist

Sep 21, 2015 20:53 pm UTC| Commentary

The sharp slowdown in mainland Chinas industrial and construction sectors has weakened demand for capital goods and industrial supplies. Taiwans exporters were not immune. Industrial production (IP) fell into a deeper...