Eurozone economic activity continues to expand
Aug 10, 2015 23:09 pm UTC| Commentary Economy
Eurozone economic activity continues to expand at a modest pace, with the manufacturing PMI reaching 52.4 in July. Italy and Spain PMIs remain in strong expansion, near multi-year historical highs. Spain GDP accelerated...
Strong U.S. domestic economy ready for rate hikes
Aug 08, 2015 03:12 am UTC| Commentary Economy
The divergence in performance between domestic and eternally oriented sectors of the American economy was on full display this week. While the ISM non-manufacturing index showed the fastest acceleration in activity in a...
Growth rebalancing likely to take time in Euro Area
Aug 02, 2015 06:25 am UTC| Research & Analysis Economy
Member states have started to release Q2 preliminary GDP data. Spanish GDP growth accelerated by 0.1pp to 1.0% q/q, its fastest pace since March 2007. The Spanish economy has a further 3.9% to recover before returning to...
Euro zone suffers from employment fragmentation
Jul 31, 2015 11:14 am UTC| Insights & Views Economy
At the peak of the crisis, unemployment in U.S. was hovering around 10%, which is clearly not being considered as healthy and Federal Reserve has taken unprecedented steps in monetary policy easing to tackle the...
Jul 31, 2015 07:45 am UTC| Commentary Economy
At least consumer price data in Japan came in slightly above expectations yesterday. Even though the national inflation index came in a tenth below the May result at 0.4% yoy it also came in a tenth above expectations. Of...
Japan's new fiscal plan signals possiblity of complete exit from deflation
Jul 30, 2015 11:28 am UTC| Commentary Economy
Japans 2015 fiscal plan is different from the previous fiscal plan in which improving the primary balance to a surplus was the main objective. The key principle underlying in the new Japans Economic and Fiscal plan 2015 is...
Japan's new fiscal plan likely to reduce downside risks to economic growth
Jul 30, 2015 04:32 am UTC| Commentary Economy
The downside risks to Japans economic growth are likely decreased with the new revised fiscal plan, and the chance for a complete exit from deflation increased. The relief effect having proved ineffective, it was...