Daily Economic Outlook: 15th June, 2015

Jun 15, 2015 04:30 am UTC| Commentary

A week that may be dominated by the outcome of the FOMC meeting on Wednesday kicks off with a number of US releases primarily focused on manufacturing. US manufacturing seemed to slow even more sharply than the economy as...

Russia - Capital expenditure to demonstrate resilience

Jun 15, 2015 02:22 am UTC| Commentary

Capital spending remains the most resilient component of domestic demand which was marginally supported by a rather rapid restoration of overall profits and abundant government spending since the start of 2015.Moderate...

Poland CPI deflation to have eased in May

Jun 15, 2015 01:58 am UTC| Commentary

The deflation in May is expected to decrease -0.7% yoy from -1.1% in April. In monthly terms, prices are likely to have increased by 0.2% due to the estimated 0.8% mom increase in the cost of transport (on the back of 1.4%...

Japan - Reaching trade balance on a sustainable basis will take some time

Jun 15, 2015 01:50 am UTC| Commentary

The May trade balance is likely to show another deficit, confirming that it will take some time to reach a balance on a sustainable basis. Japans May trade deficit is expected to expand to 290bn (was -55.8bn in April)....

UK retail sales to rise again

Jun 15, 2015 01:30 am UTC| Commentary

Sales have been volatile in recent months because of Easter. The retail surveys that provide us with a guide report sales compared to a year earlier so suffer from the variable timing of Easter.The CBI survey showed an...

UK - Brief flirtation with negative inflation to end

Jun 15, 2015 01:10 am UTC| Commentary

UK CPI inflation turned negative in April (-0.1% yoy) when an unchanged zero reading was expected. The point to note was that the reason for the dip was not a genuine reduction in price pressures.Rather, it was an anomaly...

Final May Italian HICP inflation to be unchanged from flash

Jun 15, 2015 00:41 am UTC| Commentary

Flash Italian HICP inflation was 0.2% yoy in May, against a forecast of 0.0% yoy. As for the details, Italian HICP inflation in May rose more than expected due to a more prominent rebound in energy prices, with the energy...