Bank Indonesia predicts GDP to remain muted on weakness in household consumption

Jul 11, 2016 09:59 am UTC| Commentary Economy

Bank Indonesia (BI), in its recent analysis of the Indonesian economy predicted growth to remain muted in the second quarter of this year, as household consumption spending has not improved markedly yet, as reflected by...

Norway’s consumer price index surprises on the upside in June; inflation likely to slow in H2

Jul 11, 2016 09:54 am UTC| Commentary Economy

Norways consumer price index rose 0.6 percent in June month-on-month, whereas on a year-on-year basis, the consumer price inflation was 3.7 percent in June, a rise of 0.3 percentage points from May, stated Statistics...

Danish inflation accelerates in June on increased services prices

Jul 11, 2016 09:50 am UTC| Commentary Economy

Denmarks inflation accelerated 0.3 percent year-on-year in June, coming in above consensus projection of 0.2 percent. Meanwhile, core inflation rose 0.8 percent in the month, mainly due to increased prices on services....

Italy’s industrial production sinks deeper than expected in May

Jul 11, 2016 09:45 am UTC| Commentary Economy

Industrial production in Italy during the month of May sank deeper than the markets had expected, making conditions worse for Prime Minister Matteo Renzi to put the economy on a stable footing, especially after the Brexit...

Brazil’s retail sales likely declined in May; consumption growth unlikely to recover in near term

Jul 11, 2016 08:07 am UTC| Commentary Economy

In the first quarter, the rate of Brazils retail sales deceleration was quite the same, as compared to the fourth quarter of 2015. Retail sales is expected to have dropped 1.1 percent on sequential basis or 6 percent on...

Indonesian imports likely to contract on subdued household consumption

Jul 11, 2016 08:00 am UTC| Commentary Economy

Indonesian imports during the month of June are expected to contract despite hopes that the auspicious month of Ramadan will spike consumption, leading to rise in imports. A double-digit contraction is expected for the...

Czech Republic’s inflation likely to have slowed to zero in June

Jul 11, 2016 07:53 am UTC| Commentary Economy

Czech Republics inflation is likely to have stalled in June on both year-on-year basis and on a sequential basis, noted Societe Generale in a research report. While prices of fuel surged due to increasing oil prices and...