A technical recession underway in China

Nov 12, 2015 02:35 am UTC| Commentary Economy

The 3Q GDP (preliminary) is due for release next Monday. It is estimated that growth has contracted 0.8% (QoQ saar), better than the -1.2% recorded in 2Q, but worse than the consensus forecast of -0.3%. This will confirm...

Philippines's poor export growth in September unlikely to matter much for now

Nov 12, 2015 02:23 am UTC| Commentary Economy

Philippiness September export growth came in at -24.7% (YoY), well below expectations. It is important to watch data in the upcoming months even if this may prove to be just a one-off. Nonetheless, after falling some 11%...

India's FDI regulations eased, focus returns to today’s data releases

Nov 12, 2015 02:05 am UTC| Commentary Economy

The Indian government eased FDI regulations in about 15 sectors, including defence, broadcasting, retail, private banking and civil aviation. Measures included an increase in some sectoral FDI caps, raising the...

France IP: Persistent manufacturing weakness implies a moderate but fragile recovery

Nov 12, 2015 00:50 am UTC| Commentary Economy

Industrial production edged up 0.1% m/m in September, above the consensus expectations, stabilising after a volatile summer. The typically volatile components of mining, electricity, gas and water output rose by 0.7% m/m...

UK September labour report shows signs of weakness, particularly on wage growth

Nov 11, 2015 23:40 pm UTC| Commentary Economy

Todays September labour report shows signs of weakness, particularly on wage growth. While the September unemployment rate fell to 5.3%, the large increase in the October claimant count warrants this to be read with...

France's Q3 GDP to show consumption driven recovery

Nov 11, 2015 23:21 pm UTC| Commentary Economy

Q3 qoq GDP growth of 0.4% is expected in France (up from 0.0% in the previous quarter). A batch of hard data even suggests that risks are tilted to the upside. Goods consumption (that represents 50% of total consumption)...

U.S. True Debt Pegged At USD65 Trillion, Not USD18.5, Ex-GAO Chief Says

Nov 11, 2015 15:29 pm UTC| Business Economy

The true debt of the US is apparently bigger than what everyone thinks. In an radio interview that aired on Sunday, former Government Accountability Office (GAO) head Dave Walker said that the countrys true debt is...