Euro area money supply growth to remain buoyant but slight softening likely

Sep 21, 2015 05:23 am UTC| Commentary

M3 money supply growth recovered from a lacklustre 1.1% yoy in May 2014 to a buoyant 5.3% in July 2015. Meanwhile, the flow of credit to corporates should continue improving although at a modest pace (close to 0.8% yoy as...

Net take-up of €45bn for ECB's fifth TLTRO

Sep 21, 2015 05:20 am UTC| Commentary Central Banks

The ECB conducts the fifth TLTRO programme on 24 September. The outstanding loans to the non-financial private sector (excluding housing loans) would increaseby 45bn per quarter over the 2015-16 period. The TLTRO...

Euro area PMIs likely to remain steady in September

Sep 21, 2015 05:17 am UTC| Commentary

Any drastic changes are not expected in the PMI values to be released this week. The composite PMI for the euro area as a whole will again be 54.3, with a decline in the manufacturing PMI balanced out by a slight increase...

No change expected in EC consumer confidence

Sep 21, 2015 03:59 am UTC| Commentary

No change is likely in the EC consumer confidence indicator for September. The factors behind an improvement in consumer confidence, lower fuel prices, improvement in the labour market, have continued as they were, and...

Spain's catalan elections probably sees greater uncertainity

Sep 21, 2015 03:53 am UTC| Commentary

After the non-binding referendum on independence held last November, the Catalan proindependence parties decided on a roadmap towards independence. The first step of this roadmap lies in the regional elections which are...

Third time likely to be charm for US Q2 GDP growth

Sep 21, 2015 03:36 am UTC| Commentary

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

Falloff in US transport bookings likely pared durables orders in August

Sep 21, 2015 03:33 am UTC| Commentary

A sharp reduction in commercial jetliner bookings, combined with the first decline in motor vehicle bookings since May, likely trimmed transport requisitions by a hefty 8.0% during the reference period, following an...