Peru’s domestic demand is stabilizing
Dec 01, 2015 22:44 pm UTC| Commentary Economy
Perus GDP grew 2.9%oya in 3Q15, virtually unchanged from the 3.0% growth in 2Q. On a sequential basis, activity slowed to 2.7%q/q, saar in 3Q from 3.6% in 2Q, pointing to stabilization ahead. On a year-to-date basis the...
Emerging Europe Manufacturing PMI: Turkey and Hungary confidence improves
Dec 01, 2015 21:47 pm UTC| Commentary Economy
Emerging Europe weighted average manufacturing PMI improved for the third consecutive month in November to 51.0 from 50.7. Thus, in Q4 PMI is running more than one point higher than the Q3 average, led by Hungary, Russia,...
Weak US ISM manufacturing in November puts Fed in difficult position
Dec 01, 2015 17:49 pm UTC| Commentary Economy
The US manufacturing ISM in November declined to 48.6 in November from 50.1 in October (Forecast: 50.3, consensus: 50.5), which is the lowest level since June 2009. It is also the first time since 2012 that the ISM...
Brazil’s recession not yet bottomed
Dec 01, 2015 17:30 pm UTC| Commentary Economy
Growth continues to disappoint as the recession has deepened its grip on all sectors of the economy. Todays GDP prints for the third quarter showed economic activity contracted by a worse-than-expected -1.7% q/q in Q3, (vs...
US ISM manufacturing index slips into contractionary territory in November
Dec 01, 2015 17:13 pm UTC| Commentary Economy
The Institute for Supply Management (ISM) manufacturing index was fell into contractionary territory in October, decreasing by 1.5 points to 48.6. The headline print was well below consensus expectations, which called for...
US construction spending report shows strength in residential sector
Dec 01, 2015 16:07 pm UTC| Commentary Economy
Construction spending rose 1.0% m/m in October (previous: 0.6%), stronger than forecast (0.6%) and consensus expectations (0.6%). Much of this unexpected strength in October was driven by the private residential sector,...
Indian manufacturing growth slowest in two years
Dec 01, 2015 09:59 am UTC| Commentary Economy
We at FxWirePro, have been arguing for quite some time now that optimism surrounding India is outpacing hard facts that manufacturing is really not growing at commendable pace, which tints the image of Make in India...
Canada retail sales rises in September