Sweden’s weak trade data weighs on Riksbank inflation target

Feb 25, 2016 10:42 am UTC| Commentary

Swedens import prices for consumption goods declined significantly, which was expected under current SEK development. This has further pressurized the Riksbank to achieve its inflation target of 2% in near term. Januarys...

Confidence levels in Sweden continue to be elevated despite falling slightly in February

Feb 25, 2016 09:27 am UTC| Commentary

Confidence in Sweden declined slightly in February, on par with expectations. However, the levels continue to be elevated and support the case for a high economic growth in the near-term. According to the ESI indicator,...

US durable goods order likely grew in January

Feb 25, 2016 09:15 am UTC| Commentary

US durable goods order is expected to have grown 5.3% in January on commercial jetliner-led snapback in transportation-equipment requisitions. This will more than counter the 5% decline in December. Reflecting a likely...

Australia’s capital expenditure grew in Q4/2015, likely to weaken in 2016

Feb 25, 2016 07:34 am UTC| Commentary

Australias total real capital expenditure in Q4 2015 grew 0.8%, as compared with the 8.4% fall in Q3 2015. The growth was mainly due to the more than expected outcome in mining, likely owing to the volatility of the...

Oil in Global Economy Series

Industrial commodities’ prices likely to recover further through 2016 as markets tighten

Feb 25, 2016 06:52 am UTC| Commentary

Many industrial commodities prices, including base metals and oil, seem to be finding a floor, based on the day-to-day volatility. This is consistent with the relative positive outlook for the remainder of 2016. However,...

Mexico’s mid-February CPI rises surprisingly, inflation likely to remain on target for long time

Feb 25, 2016 06:05 am UTC| Commentary

Mexicos mid-February CPI rose 0.29% 2w/2w on additional price increases in prices of perishable good that rose 2.08% 2w/2w. Core inflation accelerated on par with expectations. Core other goods prices rose 0.57% 2w/2w,...

US new home sales fall in January on major decline in West region

Feb 25, 2016 05:42 am UTC| Commentary Real Estate

US new home sales in January declined to 494k, a larger decline than expected. The fall in sales was mainly due to the West region, where sales and increased sharply in the prior two months. The Northeast and the South...