Mexico unemployment falling at a mild pace and won’t get to full employment this year
Oct 19, 2015 23:51 pm UTC| Commentary Economy
The average unemployment rate this year is down from 4.8% to 4.4%. However, the seasonally-adjusted number shows that, averages apart, the unemployment rate has hardly moved since the end of 2014 as the economy continues...
Brazil's inflation has peaked; but meaningful moderation will have to wait until next year
Oct 19, 2015 23:18 pm UTC| Commentary Economy
Releases through September suggest that inflation acceleration is over. The full month inflation number eased to 9.49% yoy in September from 9.56% in July and 9.53% in August. In fact, the monthly rate of change in prices...
Brazil's current account set for sharp improvement in H2 15
Oct 19, 2015 22:17 pm UTC| Commentary Economy
The deeper contraction in dollar import numbers (-23% yoy until September), compared with exports (-16.8% yoy), have helped the trade balance improve to USD10.2bn from a deficit of -USD0.7bn YTD. It is estimated that the...
UK public finances improvement to stall temporarily in September
Oct 19, 2015 20:54 pm UTC| Commentary Economy
The monthly evolution of the budget deficit is highly erratic. In the first three months of the fiscal year, the PSNBex measure fell by a total of 6bn compared to a year earlier but then in the following two months was...
Chinese economy continues to weigh on oil prices
Oct 19, 2015 16:01 pm UTC| Commentary Economy
Oil prices are beginning the new week of trading down in the wake of predominantly weak Chinese economic data . Brent has fallen to a good $50 per barrel and WTI has slipped below the $47 per barrel mark. New data relating...
Continued deterioration in Brazil's macro economy and financial conditions
Oct 19, 2015 12:19 pm UTC| Commentary Economy
Both the macro economy and financial conditions of Brazil have further deteriorated since the September Copom meeting. On the growth front, August retail sales and labour market developments were worse than expected...
China's deflationary risks hints further monetary easing
Oct 19, 2015 12:15 pm UTC| Commentary Economy
Chinas CPI inflation came in lower than expected at 1.6% y/y for September, down from 2.0% in August, driven mainly by food prices. Core inflation moderated by 10bp to 1.6% y/y. PPI deflation remained deeply negative at...
Canada retail sales rises in September