Moving past zero inflation in UK, but still a long way from 2%

Sep 13, 2015 21:05 pm UTC| Commentary Economy

GBP rallied strongly against the USD last week despite a set of BoE MPC Minutes that were, at the margin, more dovish. While the MPC showed optimism on the domestic outlook, they were concerned about recent global...

Low commodity prices reflected in Australia’s economic performance and currency

Sep 13, 2015 08:03 am UTC| Commentary Economy

Australias economic performance remains relatively soft, partially reflecting low iron ore prices and weaker import demand from China. Real GDP grew by 0.2% q/q (2.0% y/y) in the second quarter of 2015 following a solid...

Wider output gap set to curb FX pressures in Latin America

Sep 12, 2015 09:42 am UTC| Commentary Economy

LatAm inflation is marked by divergent trends at present: upward in the small, open economies and downward in the larger countries with disappointing growth. In Brazil and Mexico, upward inflation pressures from weaker...

US federal government posts budget deficit of $64.4bn in August

Sep 12, 2015 09:06 am UTC| Commentary Economy

The US federal government reported a monthly deficit of $64.4bn in August, modestly wider than CBO projections ($62bn) and $64bn narrower than in August 2014. A large portion of this decline, however, was due to the time...

Modest growth in Mexico's IP set to continue

Sep 11, 2015 16:39 pm UTC| Commentary Economy

Mexico IP increased 0.2% m/m sa in July, mostly driven by construction activities and mining, which increased 1.5% and 0.5% m/m sa, respectively, partially offset by the decline in manufacturing (-0.5%). In annual terms,...

UK construction output slows down in spite of supply shortage

Sep 11, 2015 09:10 am UTC| Insights & Views Economy

According to latest data, UK construction output contracted by 1% in July from June, while economists were expecting growth of 0.5%. This week Halifax house prices showed property prices in UK went up 2.7% in August,...

Softer petroleum quotes likely led US August PPI decline

Sep 11, 2015 06:46 am UTC| Commentary Economy

A petroleum-led drop in wholesale energy quotes, combined with a partial reversal of Julys hike in services costs, probably pared the Producer Price Index for final demand (PPI-fd) by 0.6% in August, reversing a little...