Australia price pressures rising, but base effect is containing headline rate

Jul 20, 2015 04:40 am UTC| Commentary

Overall price pressures in Australia are likely to have strengthened in Q2 compared to Q1, owing first and foremost to a big rebound in petrol prices. Whereas nationwide petrol prices plunged some 13% qoq in Q1, they...

Poland's unemployment rate to keep decreasing in June

Jul 20, 2015 04:37 am UTC| Commentary

Poland registered unemployment rate of 10.8% in May, is expected to decline in June.Societe Generale estimates, "The unemployment rate to have declined to 10.4% in June. The seasonally-adjusted (SA) unemployment rate...

Japan to take time to reach trade balance on a sustainable basis

Jul 20, 2015 04:37 am UTC| Commentary

As oil prices have fallen rapidly, the Japans terms of trade are improving, leading to a shrinking trade deficit as a trend.Japans June trade balance is likely to have reached balance (0). This will be an improvement from...

UK retail sales to remain firm after the election

Jul 20, 2015 04:32 am UTC| Commentary

UK inflation remains around zero and earnings growth is picking up, resulting in rising real incomes.The fundamental drivers of UK consumption are getting stronger.Moreover consumer confidence reached cycle highs following...

MPC to shift further towards BoE rate increase

Jul 20, 2015 04:29 am UTC| Commentary

MPC members seem to be increasingly laying the groundwork for a rate increase. The lead hawk Martin Weale gave a recent interview to the FT in which he hinted that he would vote for a rate increase in August.Moreover, Mark...

UK budget deficit trend should continue to improve

Jul 20, 2015 04:25 am UTC| Commentary

In the first two months of the fiscal year, the cumulative budget deficit is 5.1bn below the comparable figure a year earlier. The public finances have made a good start to the year. Of course it is far too early in the...

Taiwan industrial production to recover in June

Jul 20, 2015 04:24 am UTC| Commentary

In May, Taiwan experienced a worse industrial production growth. The IP in May expanded by a mere 0.1% mom is the lowest growth rate seen since 1999. After seeing an exceptional decline in May, the islands industrial...