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...

Premier Li’s comments on Chinese economy

Sep 10, 2015 04:29 am UTC| Commentary Economy

China Premier Li Keqiang told a conference on Thursday that growth in China is stabilizing and that the worlds second-biggest economy is still on track to achieve growth targets this year. While admitting that China was...

Mexico's industrial growth modest despite decent manufacturing growth

Sep 09, 2015 23:17 pm UTC| Commentary Economy

Trade data suggests that Mexicos industrial production likely grew by 1.4% yoy as manufacturing continued to expand at the decent pace of 3.9% yoy, although the mining sector decline continues to be a significant drag and...

Mexico's Inflation outlook does not support a September hike

Sep 09, 2015 15:50 pm UTC| Commentary Economy

Mexico CPI increased 0.21% m/m in August as a result of a very soft inflation print in the second half of the month (0.11% 2w/2w) surprising markets on the downside (Consensus: 0.18%), particularly driven by a relative...