US manufacturing still struggling

Dec 21, 2015 23:39 pm UTC| Commentary Economy

The November IP report confirmed that manufacturing continues to underperform the overall economy. Total manufacturing output was flat in November and non-auto output increased 0.1% samr. This leaves total manufacturing up...

Hungary's economy steams ahead but slowdown expected next year

Dec 21, 2015 22:47 pm UTC| Commentary Economy

Hungarys growth expanded 0.6% in Q3, slightly faster than expectations. The near-term economic outlook is also fairly strong with industrial production growing almost 13% y/y in October, one of the highest growth rates in...

Emerging Market Crisis Series

Brazil's economic contraction bottoming out

Dec 21, 2015 22:09 pm UTC| Commentary Economy

Although the recession deepened further in Q3, with real GDP falling by 6.18% compared with 4.47% in Q2, leading indicators suggest that the downturn is bottoming out in Q4: Business confidence improved in November albeit...

Emerging Market Crisis Series

India continues to be the main positive story within the emerging market universe

Dec 21, 2015 21:54 pm UTC| Commentary Economy

Indias GDP growth has averaged 7.3% in 2015 (higher than Chinese growth around 7%) and industrial production rose 10% y/y in October. India continues to be well positioned for robust growth in 2016 and 2017. (1) It is...

Clouds over Spain just got darker

Dec 21, 2015 16:42 pm UTC| Politics Economy

While Spains ruling PP is set to remain the largest party, it saw its support declined compared to the 2011 vote. The results do not leave a positive picture for government formation options. After tough negotiations and...

Swedish economy steams ahead to overheat

Dec 21, 2015 15:19 pm UTC| Commentary Economy

As anticipated, the National Institute of Economic Research (NIER) revised up its GDP forecast substantially. NIER sees GDP growth at around 3.5% for 2015 and 2016, while growth will slow somewhat to 2.7% 2017. As a...

Brazil current account improvement likely to continue

Dec 21, 2015 09:39 am UTC| Commentary Economy

Brazils current current account balance was at 4166 mn dollars, the improvement is expected to continue by market consensus expectations. On our forecast of -$3,125m for November, we estimate that the YTD current...