Poland's industrial output growth to have accelerated

Jul 17, 2015 05:19 am UTC| Commentary

Polands industrial output and retail sales for June is expected to release today.Industrial output growth of the economy for June was mainly driven by growth in manufacturing (5.4% yoy) and mining (7.9% yoy). PMI increased...

US June CPI to post another out-sized yet more broadbased gain

Jul 17, 2015 05:11 am UTC| Commentary

US headline inflation has undoubtedly bottomed. After a 0.4% m/m increase reported for May, a similar gain is expected in June. This time, however, the gain is expected to be more broadbased and not just driven by energy....

Poland's retail sales growth likely to accelerate

Jul 17, 2015 05:10 am UTC| Commentary

Polands retail sales data for June is scheduled to release today. The economys retail sales were mainly driven by food, car sales and other sales in non-specialised stores. Based on the sales of these product, The retail...

Russia labour market remains in standby mode and wages continue to grow

Jul 17, 2015 05:05 am UTC| Commentary

The muted growth in Russia nominal wages remains the crucial challenge for the labour market, though some positive backward revisions in June have embellished the dramatic contraction of real income. It is hard to find any...

Russia consumption to have improved slightly in June

Jul 17, 2015 04:59 am UTC| Commentary

After the shock to real income in Q1 15, Russias internal consumption has been picking up, driven by slowly improving consumer sentiment and decelerating consumer price inflation. However,June saw a mixed environment for...

Brazilian economy likely contracted by -1.6% in 2015

Jul 17, 2015 04:58 am UTC| Commentary

On the demand side, Brazils retail sales data released for April and May suggests that consumption is set to contract in Q2 as well. Therefore, Societe Generale expects the consumption to be a net drag on growth for the...

ECB remains cautious about QE purchases of Greek bonds

Jul 17, 2015 04:55 am UTC| Commentary

Regarding QE purchases of Greek bonds, he indicated that there would be "some room" after the 20 July SMP repayment, as ECB holdings would be lower than 33% of Greek debt. Yet, his tone was cautious. Indeed, the conditions...