Disappointing US and China reverses gains in November Global manufacturing confidence

Dec 02, 2015 03:20 am UTC| Commentary Economy

Disappointing PMI prints from US and China have driven this decline in the global business confidence, also the weak report from UK. PMIs of Euro Area were strong, indicating the resilience of region to the global growth...

Drop in US ISM highlights the risks to the economy emanating from the manufacturing sector

Dec 02, 2015 02:39 am UTC| Commentary Economy

The drop in the ISM to its lowest point since the subprime crisis highlights the risks to the economy emanating from the manufacturing sector. Its by no means an all-of-a-sudden move so it wont derail Fed plans for...

Singapore PMIs for November will continue to paint a gloomy outlook for the manufacturing sector

Dec 02, 2015 01:47 am UTC| Commentary Economy

Singapore PMIs for November will continue to paint a gloomy outlook for the manufacturing sector. Consensus is expecting both overall manufacturing and electronics PMIs to remain underwater at 49.0 and 48.8 respectively....

A big fall in Chinese fiscal spending near year-end

Dec 02, 2015 00:55 am UTC| Commentary Economy

Fiscal drag has been a major concern in the analysis of Chinas growth outlook this year. A key event was the fiscal reform announced in 3Q14, which allowed for issuance of local government bonds but will gradually...

US auto sales remained red hot in November

Dec 02, 2015 00:21 am UTC| Commentary Economy

Purchases remained above an annualized 18 million units for a record-setting third consecutive month. Enhanced incentives, a solid labour market and significant replacement demand have combined to lift year-to-date sales...

Hong Kong’s exports stronger than expected in October, telecom exports surge

Dec 01, 2015 23:08 pm UTC| Commentary Economy

Hong Kongs total exports rose 1.1%m/m, sa in October, leaving total exports down 3.7%oya. Meanwhile imports slipped 0.1%m/m, sa, falling 8.5%oya in October. As a result, the trade deficit narrowed to HK$29.6 billion in...

Peru’s domestic demand is stabilizing

Dec 01, 2015 22:44 pm UTC| Commentary Economy

Perus GDP grew 2.9%oya in 3Q15, virtually unchanged from the 3.0% growth in 2Q. On a sequential basis, activity slowed to 2.7%q/q, saar in 3Q from 3.6% in 2Q, pointing to stabilization ahead. On a year-to-date basis the...