New Zealand’s CPI inflation likely to have accelerated in Q2 on recovery in fuel prices

Jul 15, 2016 11:27 am UTC| Commentary Economy

New Zealands consumer price index inflation for the second quarter is likely to accelerate 0.5 percent. The quarterly acceleration of inflation is likely to raise the annual inflation rate to 0.5 percent, a second modest...

Euro area’s annual headline inflation turns positive in June

Jul 15, 2016 11:20 am UTC| Commentary Economy

Euro areas annual inflation in June accelerated 0.1 percent, as compared with -0.1 percent recorded in the month of May, according to Eurostat. On a month-on-month basis, consumer prices rose 0.2 percent in June. Major...

Norway’s value of exports falls in June on decline in oil production and lower prices

Jul 15, 2016 11:14 am UTC| Commentary Economy

Norways goods exports declined in June by 14.9 percent year-on-year to NOK 60 billion. Lower oil and gas prices, reduced oil production and maintenance brought the value of export down in the month, according to Statistics...

China's H1 2016 monetary data reveals growing divergence between M1 and M2 growth

Jul 15, 2016 10:59 am UTC| Insights & Views Economy Commentary

Chinas H1 2016 monetary data released by the Peoples Bank of China (PBoC) showed that New Yuan Loan rebounded to RMB1.38trn from RMB985bn in June, much higher than market expectation (RMB1trn), resulting in a total RMB...

Turkey’s current account deficit continues to contract in May on lower commodity import prices

Jul 15, 2016 07:47 am UTC| Commentary Economy

Turkish data of May released on Thursday turned out to be strong. Turkeys current-account balance for the month of May continued to shrink on trend. The country recorded a current account deficit of USD 2.8 billion. The...

Indonesia’s trade surplus widens sharply in June on contracting imports

Jul 15, 2016 07:12 am UTC| Commentary Economy

Indonesias trade surplus widened sharply to USD 900 million in June, as compared with USD 374 million recorded in May. It was more than the market projections of a trade surplus of USD 212 million. The sharp increase in...

New Zealand’s housing market momentum remains strong despite drop in sales volumes

Jul 15, 2016 06:43 am UTC| Commentary Economy

New Zealands housing market momentum continues to be strong. Even if the sales volumes dropped in June, it is likely to be due to a lack of listed stock, rather than demand shortage, noted ANZ in a research report. The...