Russia’s economic contraction is likely to have bottomed in Q3 15

Oct 20, 2015 14:58 pm UTC| Commentary Economy

Russias September output and demand data signalled that economic contraction reached the bottom in Q3 15 as previously expected. The dip in fixed investments and industrial production was less (-5.6% y/y and -3.7% y/y,...

U.S. housing starts remain near the 1.2 million post-recession peak

Oct 20, 2015 14:21 pm UTC| Commentary Economy

Housing starts increased by 74 thousand to 1,206 thousand (annualized) in September, handsomely beating expectations for an uptick to 1,142 thousand. Revisions to recent months figures largely offset each other, with...

Russia's economy likely near bottom of the cycle

Oct 20, 2015 04:31 am UTC| Commentary Economy

Russias September real sector indicators provide some encouragement. Production indicators signal that the decline may have hit bottom and production is no longer declining. However, household consumption indicators imply...

Few aspects are encouraging, but not all growth cylinders are firing away in India

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

Not all growth cylinders are firing at once, some are showing progress. Better production numbers and improved discretionary spending are encouraging, though the capex cycle is yet to take-off convincingly. Firstly,...

Mexico's inflation slips further on food prices even as core inflation strengthens

Oct 20, 2015 00:22 am UTC| Commentary Economy Central Banks

Mexicos inflation slipped below 3.0% (Banxicos target) in May for the first time in a decade and continued to fall since then, as core inflation remained at its lowest level ever at 2.3% and food inflation fell. Core...

Mexico unemployment falling at a mild pace and won’t get to full employment this year

Oct 19, 2015 23:51 pm UTC| Commentary Economy

The average unemployment rate this year is down from 4.8% to 4.4%. However, the seasonally-adjusted number shows that, averages apart, the unemployment rate has hardly moved since the end of 2014 as the economy continues...

Brazil's inflation has peaked; but meaningful moderation will have to wait until next year

Oct 19, 2015 23:18 pm UTC| Commentary Economy

Releases through September suggest that inflation acceleration is over. The full month inflation number eased to 9.49% yoy in September from 9.56% in July and 9.53% in August. In fact, the monthly rate of change in prices...