Volatile PMI unreliable indicator of Hungary GDP growth

Sep 01, 2015 12:05 pm UTC| Commentary Economy

Hungary PMI recovered slightly to 50.7 in August and was the only country in the group that registered an increase in August. This is this is the second monthly low PMI following Q2 levels of nearly 54. The composition of...

Australia's economic slowdown as net exports take a breather

Sep 01, 2015 05:32 am UTC| Commentary Economy

Most components of demand are expected to have grown more strongly or at a similar pace to the first quarter, but overall GDP growth in Australia is expected to have slowed substantially in Q2. The reason is that net...

Consumption and net exports to lead Euro area GDP in Q2

Sep 01, 2015 04:42 am UTC| Commentary Economy

Seasonally adjusted GDP rose by 0.3% qoq in the euro area during the second quarter of 2015, after an increase by 0.4% qoq in Q1. For the second reading, no change has been expected and a confirmation of the 0.3% qoq...

US labour market tighter but market still waiting for inflation

Aug 31, 2015 16:30 pm UTC| Commentary Economy

US data continue to show progress and the downward pressure on the unemployment rate is set to continue. Weak labour productivity and a low participation rate should ensure lower unemployment, even with a temporary...

Imports to reduce U.S trade deficit

Aug 31, 2015 12:24 pm UTC| Insights & Views Economy

The US trade deficit is projected to turn down remarkably in July, narrowing to $41.81B from $43.84B the month before, with import activity falling on account of falling energy prices while export activity should rise...

Domestic data no burden for Japanese Yen

Aug 31, 2015 07:17 am UTC| Commentary Economy

In July Japanese industrial production was surprisingly weak as the Ministry for Trade and Industry announced this morning. July industrial production is declined by 0.6% mom, after a firm growth in June of +1.1%...

Australia's robust imports and weak export prices keep trade deficit elevated

Aug 31, 2015 06:09 am UTC| Commentary Economy

According to the official advanced estimate, imports were practically unchanged in July from June (0.2% mom), meaning that they remained at a high level, and were up by around 4.5% yoy. That said, all of this gain, and...