Final April Italian HICP to confirm flash reading at 0.0% yoy

Jul 13, 2015 00:33 am UTC| Commentary

Flash Italian HICP inflation was recorded at 0.2% yoy in June, unchanged from the May reading. The national CPI also remained unchanged at 0.1% yoy in June. In terms of the component breakdown, the energy component fell...

French inflation to continue to climb for fifth consecutive month

Jul 13, 2015 00:21 am UTC| Commentary

French HICP inflation is expected to rise to 0.4% yoy in June, up from 0.3% yoy in May. For the month of June, energy prices are expected to have contributed the most, followed by higher food prices. The ongoing rebound in...

Final German HICP inflation to confirm flash estimates at 0.1% yoy

Jul 13, 2015 00:09 am UTC| Commentary

Flash German HICP inflation softened to 0.1% yoy in June compared to 0.7% yoy in May. The national measure also softened from 0.7% yoy in May to 0.3% yoy. As for components, all the major components, namely energy, food...

Uneven industrial production growth in euro area

Jul 12, 2015 23:53 pm UTC| Commentary

Available national data accounting for 90% of global euro area industrial production growth points to -0.2% mom for May (1.6% yoy w.d.a). With some data released last week, France, Italy, and Spain all saw an increase in...

US housing starts to climb higher as supply chases demand

Jul 12, 2015 23:43 pm UTC| Commentary

The US residential investment activity is on a solid upward trend, supported by recent increases in household formations and the related drop in the vacancy rate. Household formations are currently running near 1.5mln per...

US CPI to post another outsized gain, but this time more broad-based

Jul 12, 2015 23:35 pm UTC| Commentary

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."We...

US retail spending growth likely remain constrained in June

Jul 12, 2015 23:29 pm UTC| Commentary

Retail sales found some momentum in May, rising 1.2% after a tumultuous weather and oil price affected four months to April (which saw a cumulative 0.5% gain). Core retail spending (ex autos gas) posted a more modest 0.7%...