Australia’s credit growth likely grew steadily in February

Mar 30, 2016 11:58 am UTC| Commentary Economy

Australias two-thirds of private sector credit is housing related. Given that this sector is important for the credits overall evolution. Weekend house auctions have been stronger, implying that housing market activity is...

Euro zone sentiment sours despite being captured before Brussels attack

Mar 30, 2016 09:51 am UTC| Commentary Economy

Euro Zone sentiment report showed confidence tilted despite additional stimulus from European Central Bank. Moreover the data were collected before recent terror attack on Brussels. Economic slowdown and fear among...

Singapore’s manufacturing sector to remain weak, recovery unlikely in near term

Mar 30, 2016 06:51 am UTC| Commentary Economy

Singapores industrial production in February declined 4.7% y/y, in spite of having a very low base in February 2015, when the output had dropped to a 24-month low. The data is worrisome as the February 2016s figure is even...

Trend in New Zealand’s residential dwelling issuance rises steadily

Mar 30, 2016 06:05 am UTC| Commentary Economy

Building permits in New Zealand for February rose 10.8% m/m sa after dropping sharply in January. A portion of the volatility is because of the multi-dwelling component, which rose 28.9% m/m sa, and the number of permits...

Canada's new Government spending supports an improved growth outlook

Mar 28, 2016 14:31 pm UTC| Commentary Economy

On Tuesday last week, Canadian government unveiled its first budget in which a number of new spending initiatives were introduced. The Budget is well designed to support the middle class and the economic impact may be...

Worrisome Signs Series

Worrisome Signs Series: World trade suffers further setback in 2016

Mar 28, 2016 09:58 am UTC| Commentary Economy

According to data from CPB Netherlands Bureau of Economic Policy Analysis, global trade suffered further setback in January, to start the year, posing doubts, whether global economy can actually recover, without key...

Budget explainer: why the federal budget falls in May

Mar 24, 2016 00:15 am UTC| Politics Economy

Prime Minister Malcolm Turnbulls decision to bring forward the 2016 budget statement by one week to May 3 paves the way for the passing of supply bills, in case an election is called on May 11. The normal budget date...