UK Services PMI to rise in June

Jun 29, 2015 06:05 am UTC| Commentary

The UK services PMI has cooled markedly over the last year from the most recent peak of 60.5 in August 14 to 56.5 by May this year, in tandem with a fall in orders. However, business expectations have been more stable and...

UK construction PMI to rise in June

Jun 29, 2015 06:01 am UTC| Commentary

UKs construction PMI peaked at a high level in 2014, driven by a surge in housing construction.That has cooled, as has the temporary surge in infrastructure construction fuelled by a need to rebuild flood defences in parts...

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,...