US ADP muted, not a complete surprise

May 06, 2015 13:29 pm UTC| Commentary

The modest 169,000 increase in the ADP survey measure of private payroll employment in April is not a complete surprise, since the ADP uses lags of the official non-farm payroll measure to "improve" its methodology....

Weak global oil prices likely boosted Taiwan's trade surplus in April

May 06, 2015 05:43 am UTC| Commentary

Taiwan is scheduled to release April trade data on 7 May. The exports are expected to have increased by 0.35% y/y, reversing two straight months of negative growth.The local tech sector benefited from steady global demand...

Czech retail sales to continue to perform well

May 06, 2015 05:29 am UTC| Commentary

Despite a second consecutive mom decline in Czech retail sales (excluding cars), the headline yoy figure remaining at a high 6.7%. The March figures should round off a very strong first quarter and a strong household...

UK services activity cooling slightly

May 06, 2015 05:21 am UTC| Commentary

The UK Q1 GDP data surprised with a deceleration in services growth from 0.9% to 0.5%. This seems an exaggerated cooling but services growth is on a declining trend.In the services PMI report, orders jumped sharply which...

Final March Euro area services PMI to decrease from the flash estimate

May 06, 2015 05:16 am UTC| Commentary

The final estimate of the Euro area services index should print one tick lower than the flash (53.7 vs 53.6), decreasing from the March level (54.2). Looking at the regional breakdown, the flash estimate for the French...

EC sees GDP growth at 1.5%, further fiscal consolidation required in France, Spain and Portugal

May 06, 2015 05:10 am UTC| Commentary

The Spring EU forecasts made a small upward revision to 2015 growth from 1.3% to 1.5%, while Greeces growth was revised down from 2.5% to 0.5%.Looking at the public deficits, France, Spain and Portugal are not expected to...

Daily Economic Outlook: May 6th, 2015

May 06, 2015 05:03 am UTC| Commentary

PMI services data will provide updates on the strength of the euro area (0800 GMT) and UK economies (0830 GMT) in April. For the euro area as a whole, these are final estimates of already released data and are expected to...