Australia's retail sales consolidating after autumn surge
Aug 31, 2015 01:53 am UTC| Commentary Economy
Australias retail sales surprised on the upside in June with a 0.7% mom gain, despite a marginal (0.1%) decline in food sales, meaning that non-food sales jumped by 1.2% mom, their largest gain since January (food sales...
Regulatory pressure beginning to slow Australian housing investor credit
Aug 31, 2015 00:52 am UTC| Commentary Economy
Two key developments are expected to shape the monthly credit data for July. One is the beginning of a moderation in credit growth to housing investors as a result of regulatory pressure. Banks have raised mortgage rates...
U.S. first-time buyers still face ownership hurdles
Aug 30, 2015 08:59 am UTC| Insights & Views Economy
U.S. housing activity is gaining traction, with home sales and construction touching multi-year highs. Average existing home prices have finally returned to their 2006 peak, though remain about 15% below after adjusting...
US consumer sentiment ticks lower in late August
Aug 28, 2015 16:18 pm UTC| Commentary Economy
The University of Michigan index of consumer sentiment ticked down to 91.9 in the final August estimate (prelim: 92.9, July: 93.1), falling below consensus expectations of a nearly unchanged reading of 93.0. The current...
Aug 28, 2015 16:00 pm UTC| Commentary Economy
After a third bailout package for Greece was agreed in mid-July, currency markets turned their focus to the Fed - at least until China came along in early August with the announcement of a significant change to its...
Aug 28, 2015 12:40 pm UTC| Commentary Economy
Russia inflation declined in August (per weekly data). The countrys inflation was expected at 15.5% y/y, down slightly from 15.6% last month. The decline in inflation is due to falling food prices from the strong 2015...
South Korean industrial production probably rose further in july
Aug 28, 2015 06:42 am UTC| Commentary Economy
South Koreas industrial production is likely to have extended its recovery momentum in July after the sizeable turnaround in June. July trade data suggests that non-electronics sectors such as chemical and metal products...