US new residential building activity probably took a breather in July

Aug 17, 2015 23:20 pm UTC| Commentary

Offsetting movements in single-family and multifamily construction activity probably left the number of new housing units started little changed at a seasonally adjusted annual rate of 1.175 million in July, following the...

Chile’s economic growth decelerated in Q2 despite the improvement in June

Aug 17, 2015 22:47 pm UTC| Commentary

Chiles economy grew at the fastest pace in five months in June at 2.7% yoy. Yet, given the earlier growth weakness, the economy likely grew at 1.7% yoy in Q2, the slowest growth in three quarters and a slowdown from 2.4%...

Russia’s capital expenditure failed to recover from losses

Aug 17, 2015 22:33 pm UTC| Commentary

Investment continued to be depressed, driven by pessimistic expectations expressed by enterprises in a series of recent surveys conducted by Rosstat. The gradual decline in business confidence has been accompanied by...

Euro area consumer confidence to remain stable in August

Aug 17, 2015 22:05 pm UTC| Commentary Economy

Euro area consumer confidence has been rising dramatically since 2013, reaching historically high levels. Since the beginning of the year, it has improved further on the back of falling oil prices. However, since May,...

US data was mixed overnight

Aug 17, 2015 21:48 pm UTC| Commentary

US data was mixed overnight, with the empire manufacturing survey posting a very weak result, and the NAHB housing index printing another cycle high. The Aug empire survey was all around disappointing with a big miss on...

US headline and core CPI to rise by 0.2% in July

Aug 17, 2015 21:38 pm UTC| Commentary

A central expectation of the FOMC is that the deflationary impulse associated with the weak oil price and strong USD will abate, seeing inflation tend to their 2.0% medium-term target. While annual headline inflation...

Mexico's GDP growth slowed further in Q2; H2 prospects intact

Aug 17, 2015 21:22 pm UTC| Commentary Economy

The industrial production and economic activity releases suggest that growth likely slowed to 2.0% yoy in Q2 (0.6% qoq on a seasonally adjusted and sequential basis) even though activity growth improved to 2.2% yoy in...