Canada’s housing starts rises in June; high demand to boost new home building in near-term

Jul 12, 2016 05:48 am UTC| Commentary Economy

Canadas housing starts reached 218,000 units in June, an increase from 187,000 units in May. The six-month moving average trend in the housing starts increased to 198,000. Canadas housing dialogue has rapidly moved to...

Euro area industrial production likely to have declined in May

Jul 11, 2016 12:46 pm UTC| Commentary Economy

Industrial output is expected to have declined in May, following a rise in April. According to a Societe Generale research report, the euro area industrial production is likely to have come in at -1.2 percent on sequential...

Mexico’s industrial output growth likely to weaken in 2016

Jul 11, 2016 12:44 pm UTC| Commentary Economy

Mexicos industrial production has recorded three positive readings in 2016 in the initial four months on a year-on-year basis. However, the output growth has been declining since then on a sequential as well as on...

Portuguese growth likely to slow on systemic banking crisis

Jul 11, 2016 12:43 pm UTC| Commentary Economy

Portugals economic growth is expected to slow through this year and next, as the country struggles with a systemic banking crisis, the lack of a convincing medium-term fiscal plan and excessive public and private sector...

Singapore’s economic growth likely to surprise on upside in Q2; dynamics unlikely to sustain

Jul 11, 2016 11:50 am UTC| Commentary Economy

Singapores second quarter advance GDP estimates might possibly surprise on the upside due to the sharp rise in FX market turnover and significantly stronger than anticipated Mays NODX data, noted ANZ in a research report....

Brazil’s inflation eases in June; remains well ahead of central bank target

Jul 11, 2016 11:41 am UTC| Commentary Economy

Consumer prices in Brazil eased in June, remaining well above the targeted rate of inflation by the central bank. It remained almost double of what the central bank of Brazil had targeted, strictly because of rise in food...

German, French final HICP inflation in June likely stayed same as flash estimate

Jul 11, 2016 10:30 am UTC| Commentary Economy

Germany final HICP inflation is unlikely to show any changes from its flash estimate. The final HICP inflation is expected to come in at 0.2 percent year-on-year, noted Societe General, confirming the flash estimate. The...