More stagnant inflation for Japan in July

Aug 26, 2015 04:35 am UTC| Commentary Economy

There will be a base effect due to last years rise in oil prices that continued through to mid-2014. Although the BoJ is aiming at achieving a 2% price stability target, Japan CPI (excluding fresh food) likely fell below...

Brazil's GDP to contract heavily in Q2 and 2015

Aug 25, 2015 22:36 pm UTC| Commentary Economy

Brazils economic activity index suggests that the supply-side economy contracted -7.3% qoq (annualised ) or -3.1% yoy in Q2. This prompts to project Q2 GDP growth of -1.7% qoq (-7.0% annualised or -2.7% yoy for the...

Why are we not seeing a manufacturing rebound in the northeast of US?

Aug 24, 2015 16:24 pm UTC| Commentary Economy

The U.S. manufacturing sector enjoyed a relatively swift bounce-back during the recovery. However, the rising tide did not lift all boats equally, with factory activity in the Northeast showing little improvement. This...

Brazil Q2 GDP unlikely to fall

Aug 21, 2015 09:26 am UTC| Commentary Economy

The June monthly GDP proxy for Brazil contracted by 0.6% m/m sa is consistent with the 1.0% m/m sa contraction of industrial production and the 0.8% m/m sa drop in broad retail sales. In q/q terms, the monthly GDP proxy...

Eurozone growth loses steam slightly

Aug 20, 2015 16:06 pm UTC| Commentary Economy

Eurozone growth slowed slightly to 0.3% q/q in Q2, from 0.4% q/q in the two previous quarters. This slowdown can be attributed to the backlash in economic growth in France, the Netherlands and Austria. The modest rebound...

Norwegian economy continues to suffer

Aug 20, 2015 07:20 am UTC| Commentary Economy

Things are strange, at least for Norges Bank. While other G10 central banks have to cope with (too) low inflation and relatively healthy growth, Norges Bank has to deal with (too) high inflation and (too) low growth....

Global IP growth and trade look to have bottomed

Aug 20, 2015 05:08 am UTC| Commentary Economy

Global IP growth was zero on a 3m basis in May and the 4.5pp slowing in the IP growth rate since January was quite large and only slightly smaller than the slowdowns in the springs of 2010 and 2011. Of note, IP growth in...