Too early to conclude that the threat of deflation has lifted altogether in the euro-zone

Apr 30, 2015 18:32 pm UTC| Commentary

The 0.9% q/q rise in Spains GDP in Q1 lifted the annual growth rate from 2.0% to 2.6%, the fastest since Q1 2008. But GDP is still some 5% below its Q2 2008 level, and the disinflationary effects of this are clear in...

Strong domestic demand should support U.S. manufacturing sector

Apr 30, 2015 18:15 pm UTC| Commentary

The stronger dollar and soft overseas demand remain obstacles for U.S. export-orientated producers. But as the effects of the unusually cold winter weather in the Northeast wane, strong domestic demand should support the...

September now seems the most likely date for Fed lift-off

Apr 30, 2015 18:08 pm UTC| Commentary

The latest FOMC statement, released on Wednesday, acknowledged that economic growth had slowed "in part reflecting transitory factors", referring to the unusually cold weather in the Northeast, the dollars appreciation,...

Market movers ahead

Apr 30, 2015 17:54 pm UTC| Commentary

Indicators have pointed in different directions ahead of the US jobs report for April, so there will be interest in how it turns out.Retail sales are expected to reveal strong euro area spending growth in Q1.Labour are...

Canada's CFIB Business Barometer took a hit in April

Apr 30, 2015 17:23 pm UTC| Commentary

The CFIB Business Barometer took a hit in April, shedding almost half of the gains recorded in March. The index is now down to 60.5 after losing close to a point compared to last month. Although decent, todays reading is...

Personal income and spending come in lower than expected in March

Apr 30, 2015 17:16 pm UTC| Commentary

U.S. personal income remained unchanged in March, below the consensus forecast for a gain of 0.2%. After controlling for inflation and taxes, real personal disposable income edged down by 0.2%. Personal spending rose by...

Canadian economy remained at a standstill in Feb

Apr 30, 2015 16:33 pm UTC| Commentary

The Canadian economy remained at a standstill in February, slightly better than the consensus expectation of -0.1%. The January growth figure revised down modestly in this mornings report, while December growth was revised...