Russian consumption still depressed, but a moderate recovery is looming
Aug 18, 2015 07:07 am UTC| Commentary Economy
Russias consumer demand recovered at a very slow speed which is being reflected in the very weak recovery in retail sales. On a seasonally adjusted basis, retail sales in monthly terms have seen some gains, but are still...
Taiwan's current account surplus is sizeable and likely to remain so
Aug 17, 2015 23:44 pm UTC| Commentary Economy
Taiwans current account surplus rose strongly to 16.8% of GDP in Q1 2015 from 14% in Q4 2014. Surges in the trade surplus alone contributed around 3pp to the increase, thanks to sharply reduced commodity import prices. The...
Euro area consumer confidence to remain stable in August
Aug 17, 2015 22:05 pm UTC| Commentary Economy
Euro area consumer confidence has been rising dramatically since 2013, reaching historically high levels. Since the beginning of the year, it has improved further on the back of falling oil prices. However, since May,...
Mexico's GDP growth slowed further in Q2; H2 prospects intact
Aug 17, 2015 21:22 pm UTC| Commentary Economy
The industrial production and economic activity releases suggest that growth likely slowed to 2.0% yoy in Q2 (0.6% qoq on a seasonally adjusted and sequential basis) even though activity growth improved to 2.2% yoy in...
Brazil's inflation acceleration continues in Q3
Aug 17, 2015 20:59 pm UTC| Commentary Economy
While mom prices rose 0.62% in July, less than the 0.79% mom in June, annual inflation jumped to 9.56% yoy from 8.89% yoy in June. The acceleration was quite broad-based with the mom rate of price change exceeding their...
Brazil inflation acceleration continues in Q3
Aug 17, 2015 06:01 am UTC| Commentary Economy
While Brazil mom prices rose 0.62% in July, less than the 0.79% mom in June, annual inflation jumped to 9.56% yoy from 8.89% yoy in June. The acceleration was quite broad-based with the mom rate of price change exceeding...
Japan's economy likely at start of full scale reflation
Aug 17, 2015 05:18 am UTC| Commentary Economy
Due to the fall in oil prices, Japans CPI has stalled, while wages have been increasing since the start of the new fiscal year in April. As a result, real household income is recovering and consumer sentiment is now...
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