Euro Area final Services PMI to hover around four-year high

Sep 03, 2015 05:26 am UTC| Commentary

The flash euro area services and composite PMIs, published last week, were 54.3 and 54.1, respectively, inching back up after the July reading and getting close to the four-year high that was reached in June."A slight...

U.K. strong PMI momentum to continue

Sep 03, 2015 05:25 am UTC| Commentary

The service sector PMI of U.K. excludes the retail sector which unfortunately is one of the few areas of the service sector for which information is available timely. This makes it difficult to track services output well...

ECB to reduce its 2016 GDP forecast?

Sep 03, 2015 05:22 am UTC| Commentary

In June the ECB expected headline inflation to be 0.3% this year and 1.5% next. On GDP growth, despite forward-looking indicators pointing to continued growth in H2, the ECB may reduce its forecast for next year, 1.9%, in...

ECB likely to stay on hold

Sep 03, 2015 05:18 am UTC| Commentary

Having barely recovered from the Greek drama, the ECB is again faced with a significant challenge, this time to its monetary policy stance."With headline inflation still expected to rise in the near term and resilient...

Daily Economics Outlook: 3rd September 2015

Sep 03, 2015 05:16 am UTC| Commentary

In the eurozone, the August services PMI is expected to be unrevised from the preliminary estimate of 54.3, while retail sales are forecast to rebound in July following the contraction in June. The Riksbank is seen keeping...

US back-month job estimates expected to be marked down slightly

Sep 03, 2015 05:10 am UTC| Commentary

Comparatively modest adjustments are pointed out to previously posted job gains in June and July in Fridays report. Using the statistical models in-sample estimates as guides, it would not be surprising to see Junes...

U.S. civilian jobless rate likely resumed its downtrend in August

Sep 03, 2015 05:07 am UTC| Commentary

The U.S. Bureau of Labor Statistics canvass of 60,000 households is expected to yield similarly upbeat results. Assuming that the relationship between the establishment and household employment measures held fairly steady...