UK manufacturing sector struggling in the face of weak export demand
Sep 21, 2015 01:39 am UTC| Commentary
The UK manufacturing sector is struggling. Output has fallen in three of the last four months, with a dip of 0.8% mom in July, the most recent observation. The main culprit appears to be weak external demand. The September...
UK public finances continue on their improving path
Sep 21, 2015 00:54 am UTC| Commentary Economy
The UK budget deficit is clearly improving compared to the previous fiscal year. In the four months to July, spending was flat compared to the same period a year earlier whereas revenues were up 4.4%. As always, there are...
French business confidence to remain unchanged in September
Sep 21, 2015 00:38 am UTC| Commentary
The French National Statistical Institute (INSEE) business confidence index for the entire economy is expected to remain unchanged at 100 in August (historical average = 100), while the manufacturing index is expected to...
Euro area money supply growth to remain buoyant but slight softening expected
Sep 21, 2015 00:30 am UTC| Commentary
Euro area M3 money supply growth recovered from a lacklustre 1.1% yoy in May 2014 to a buoyant 5.3% in July 2015. The three-month moving average is expected to remain constant at 5.1%. We expect the pattern of...
Euro area PMIs to remain steady in September
Sep 21, 2015 00:19 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...
New Zealand consumer confidence index fell to 106.0 in the September quarter
Sep 20, 2015 23:54 pm UTC| Commentary
The Westpac McDermott Miller Consumer Confidence Index fell to 106.0 in the September quarter, its lowest level since September 2012, when the Index was 102.5. The main driver of the decline was a sharp drop in respondents...
Flurry of rate decisions in EMEA this week
Sep 20, 2015 22:17 pm UTC| Commentary
In EMEA, this week has a flurry of rate decisions. The most interesting will be the Turkey MPC meeting on Thursday. Although a close call, the CBT is expected to remain on hold this week. The CBT announced its roadmap for...