Flash May Italian HICP at 0.0% yoy

May 26, 2015 01:18 am UTC| Commentary

Italian HICP inflation printed at -0.1% yoy in April after its 0.0% yoy March reading. The energy component rose from -6.5% yoy to -5.9% yoy, adding 6bp to the headline figure. Food prices rose, mostly due to an increase...

French consumption to soften in April

May 26, 2015 01:11 am UTC| Commentary

The French National Statistical Institute (INSEE) is expected to report that consumer spending on goods decreased by 1.0% mom in April (1.1% yoy). This drop should be mainly driven by a clement weather-led slowdown in...

Euro area - Further improvements in monetary and credit dynamics in April

May 26, 2015 00:53 am UTC| Commentary

Continued improvements have been seen in monetary and credit dynamics since the ECB adopted an accommodating stance back in June (rate cuts, TLTRO, QE).Indeed, M3 money supply growth recovered from a lacklustre 1.1% yoy in...

US GDP revisions to show an even weaker start to the year

May 26, 2015 00:33 am UTC| Commentary

The BEAs first estimate of Q1 GDP figures put growth at just 0.2%. The revisions are likely to show that the economy contracted by 0.7% annualized, marking an even weaker start to the year since previously thought.Trade is...

US new home sales to resume upward trend

May 26, 2015 00:26 am UTC| Commentary

Despite a significant correction in March, new home sales remain firmly on an upward trajectory. This trend is expected to continue with a 7% sequential increase in April to 515k.Over the past two quarters, household...

South Korea's IP expected to have improved in April

May 25, 2015 23:54 pm UTC| Commentary

South Korea is scheduled to release April industrial production (IP) data on 29 May. IP is expected to have grown by 0.6% y/y, from -0.1% in March following improved business sentiment in manufacturing.The Business...

Japan's retail sales likely improved m/m in April

May 25, 2015 23:11 pm UTC| Commentary

Japan will release retail sales data on 28 May. Retail sales growth is expected to have improved to 1.8% m/m (6.3% y/y) in April, from a decline of 1.9% m/m (-9.7% y/y) in March.Recovery in retail sales following the April...