US's bank loan growth still accelerating

May 27, 2015 05:49 am UTC| Commentary

Broad money growth of the USs has slowed slightly, with the annual growth rate of the M3* measure falling to a six-month low of 5.6% in April. More importantly, however, the growth rate of bank loans continues to...

US consumer confidence edges higher

May 27, 2015 05:34 am UTC| Commentary

The improvement in the Conference Boards consumer confidence index of the US to 95.4 in May, from 94.3, was a pleasant surprise given that other measures of confidence had weakened in response to the recent surge in...

RBI likely to change interest rate during monsoon

May 27, 2015 05:27 am UTC| Commentary

IMD is forecasting below-normal rainfall, at 93% of long period average (LPA), between June-September, according to its late-April projections. However, a private agency, Skymet, has been forecasting normal monsoons, at...

Latin America's credit growth deceleration likely continued in April

May 27, 2015 05:16 am UTC| Commentary

The moderate improvement in Latin Americas credit growth in March will likely not be repeated in April, primarily due to continued deceleration in the consumer segment. Credit growth had declined to little less than 11.0%...

Euro area – Economic sentiment likely deteriorated

May 27, 2015 05:07 am UTC| Commentary

The Economic sentiment index is expected to have deteriorated in May to 103.0 from 103.7 in April. The services sector still has a more optimistic economic outlook than the manufacturing sector, while the construction...

Hong Kong – Still too early to confirm an export recovery

May 27, 2015 05:03 am UTC| Commentary

Hong Kong will announce its April external trade numbers on 28 May. Export growth is likely to come in at 4.5% y/y, up from -1.8% prior, mainly on a favourable base effect, says Standard Chartered. With Chinas trade data...

Philippines – GDP growth likely remained healthy in Q1

May 27, 2015 04:37 am UTC| Commentary

The Philippines will release Q1-2015 GDP numbers on 28 May. GDP growth to have stayed at a healthy 6.3% y/y in Q1, versus 6.9% in Q4, expects Standard Chartered. Growth was likely supported by a strong pick-up in the...