Mexico retail sales growing at an impressive pace

Aug 18, 2015 07:20 am UTC| Commentary

Despite Mexicos 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 and partly due...

Mexico's GDP growth likely slowed in Q2

Aug 18, 2015 07:18 am UTC| Commentary

Mexicos industrial production and economic activity releases suggest that growth likely slowed to 2.0% yoy in Q2 even though activity growth improved to 2.2% yoy in June. While the supply side proxy puts Q2 growth at 2.1%...

IMF participation in Greek aid package more than a political question

Aug 18, 2015 07:18 am UTC| Commentary

The negotiations about the bailout package for Greece have reached their final stage - at least that is what the German government suggests. The FX markets are certain that the Bundestag will not withhold its agreement...

Brazil labour market deterioration continues as unemployment rate to hit 7%

Aug 18, 2015 07:15 am UTC| Commentary

While non-seasonally adjusted data shows Brazil unemployment rate falling to 4.3% in December 2014 and rising to 6.9% through June 2015, seasonally-adjusted series suggests the unemployment rate actually bottomed at 4.5%...

Brazil inflation acceleration continues in Q3

Aug 18, 2015 07:13 am UTC| Commentary

While Brazil mom prices rose 0.62% in July, less than the 0.79% mom in June, annual inflation jumped to 9.56% yoy from 8.89% yoy in June. The acceleration was quite broad-based with the mom rate of price change exceeding...

Russian labour market remains soft, while wages continue to recovery

Aug 18, 2015 07:11 am UTC| Commentary

The specifics of Russian local labour market are still intact. Improvements were seen in the unemployment rate as local enterprises prefer to limit wage bill expansion through cutting working hours, but keeping workers on...

Russian consumption still depressed, but a moderate recovery is looming

Aug 18, 2015 07:07 am UTC| Commentary Economy

Russias consumer demand recovered at a very slow speed which is being reflected in the very weak recovery in retail sales. On a seasonally adjusted basis, retail sales in monthly terms have seen some gains, but are still...