Moderate fiscal slippage likely for Spain this electoral year

Jul 23, 2015 07:21 am UTC| Commentary

In 2015 Spainscyclically adjusted fiscal balance will be slightly accommodative. The consolidated budget balance through April has been reduced by 10.7% y/y, the deficit reached 1.05% of GDP."Moreover, the government has...

BoK likely to keep rates at 1.5% till end of 2015

Jul 23, 2015 06:57 am UTC| Commentary

South Korea released GDP data for Q2 this morning slowed to 2.2% y/y from 2.5% in Q1 and below expectations of 2.3%.The release highlights downside risks to the economy given weak exports and the spillover from MERS on...

Spain Q2 data signals annualised growth of more than 4%

Jul 23, 2015 06:51 am UTC| Commentary

Spains private consumption continues to be a key driver to its growth. PMIs, retail sales and, more important, improving labour market conditions, also signal vigorous consumption growth of 0.8% q/q.The most recent labour...

Euro area core prices remain weak

Jul 23, 2015 06:36 am UTC| Commentary

Headline HICP inflation fell from +3.0% at the end of 2011 to -0.6% in January 2015, before rebounding to +0.2% in June. Despite showing signs of improvement lately, core prices remained very weak, edging down to 0.8% from...

Brazil's July IPCA-15 below expectation

Jul 23, 2015 06:25 am UTC| Commentary

Brazils average core inflation measures moved up to 0.84% m/m sa, from 0.79% in June and 0.62% in May. On the other hand, services prices decelerated to 0.56% m/m, from 0.79%, albeit still markedly high at 8.20% y/y....

Mexico's inflation to stay near Banxico’s target near term

Jul 23, 2015 05:24 am UTC| Commentary

Mexicos inflation rate in May recorded 2.88% was below Banxico target level. Whereas, inflation rate remained largely unchanged in June as core inflation remained at its lowest level ever at 2.3% and food inflation...

Italy investment outlook remains uncertain

Jul 23, 2015 05:18 am UTC| Commentary

In Italy, bank lending to non-financial corporations have yet to turn, despite a sharp Q1 expansion, and this leads to more cautiousness on the investment outlook.Risks to the projected macroeconomic outlook are broadly...