UK wage growth picking up as unemployment falls

May 13, 2015 09:40 am UTC| Commentary

The continued strong performance of the UKs labour market highlights that consumers will remain the main drivers of theeconomic recovery in 2015 and that the risk of near-zero inflation becoming ingrained is very...

France posts stronger private consumption but investment still declining

May 13, 2015 08:05 am UTC| Commentary

With 0.6% q/q, French GDP came in above expectations (0.4%). However, numbers for Q3 and Q4 2014 were revised down. In Q1, GDP was driven by final domestic demand (+0.5%). Private consumption accelerated on the back of...

German growth disappointing on the surface but okay underneath

May 13, 2015 07:56 am UTC| Commentary

Preliminary growth in Germany at 0.3% q/q was only half the rate expected. The structure of growth, however, was broadly as expected. There is no detailed GDP breakdown yet, but the statistical office indicated that...

In India, RBI likely to be on hold next month

May 13, 2015 07:16 am UTC| Commentary

The RBI will continue to focus on inflation rather than the IP data as it prepares itself for the forthcoming policy meeting in June. It would rather wait for a few more data points before making the next move.For the RBI,...

Reforms and not conducive monetary policy key to improvement in Indian economic activity

May 13, 2015 07:14 am UTC| Commentary

For an economy whose recovery remains wobbly, a weak IP data under normal circumstances ought to have resulted in an easing monetary policy stance.However, for India, the weak investment climate rather than tight monetary...

Inflation weak in India but tailwinds ahead

May 13, 2015 07:12 am UTC| Commentary

Indias April CPI inflation clocked yoy growth of 4.9% (a four-month low), in line with market expectations and lower than our estimate of 5.2% yoy. A closer look at the data, however, shows that the rise in food prices has...

France's April inflation to continue its rebound

May 13, 2015 06:32 am UTC| Commentary

Frances HICP inflation printed at 0.0% yoy in March, up from -0.3% yoy in February while the national CPI fell by -0.1% yoy. The main surprise came from energy prices. Whereas gasoline prices rose by 3.0% last month, the...