UK manufacturing PMI to rise in June

Jun 29, 2015 05:58 am UTC| Commentary

UKs manufacturing survey shows a clear cooling of growth since last summer, corroborated by the official data. A little movement is expected in this series beyond normal volatility.That said, the general strength of...

UK current account deficit to widen slightly

Jun 29, 2015 05:39 am UTC| Commentary

The UK trade account is relatively stable but the current account deficit has exploded in recent years because of a collapse in net property income. The latter has come about as a result of the UKs economic outperformance...

South Korea's headline inflation likely picked up

Jun 29, 2015 05:35 am UTC| Commentary

South Koreas headline inflation is likely to have picked up from 0.5% to 1.0% yoy and from 0.3% to 0.4% mom in June.Societe Generale expects a modest rise in fresh food prices due to drought, which actually means a...

South Korea's exports and trade surplus to rise significantly in June

Jun 29, 2015 05:31 am UTC| Commentary

Interim trade numbers up to 20 June suggest a significant rise in South Koreas exports and trade surplus in June. Societe Generale estimates, exports to pick up from $42.4bn in May to $48.0bn in June, while imports are...

UK Q1 GDP to be revised up

Jun 29, 2015 05:29 am UTC| Commentary

The second estimate of UK Q1 GDP surprised in that it was not revised up from the original estimate of 0.3% qoq; services growth was actually revised down, offsetting upward revisions to IP and construction.Since then,...

South Korea's industrial production likely to have declined for third consecutive month

Jun 29, 2015 05:26 am UTC| Commentary

South Koreas industrial production is likely to have contracted for the third consecutive month in May, exports and the manufacturing sector should continue to be weak in Q2.Exports in May suggested that manufacturing...

UK money and credit data to reiterate healthy activity trends

Jun 29, 2015 05:24 am UTC| Commentary

The current strength of UK consumer demand has been fuelled by rising real incomes but also by strong consumer credit growth. In contrast, whilst consumer confidence is at very high levels, it is striking that mortgage...