French GDP to show consumption driven recovery
Nov 12, 2015 21:53 pm UTC| Commentary Economy
Q3 GDP growth of 0.4% qoq is expected in France (up from 0% in the previous quarter). A batch of hard data even suggests that risks are tilted to the upside. Goods consumption (representing 50% of total consumption)...
Spanish GDP growth has passed its peak
Nov 12, 2015 21:38 pm UTC| Commentary Economy
The Q3 GDP figure for Spain was released at the end of October, but without the details in terms of components. Growing by 0.8% qoq in Q3 (3.4% yoy), the Spanish economy remained one of the most dynamic in the euro area....
Nov 12, 2015 21:34 pm UTC| Commentary Economy
German GDP is expected to have grown by 0.4% qoq, the same as in Q2, pointing to resilience to the Greek confidence shock and global growth concerns due to China. Late data in Q3 have however been weaker than expected,...
US federal government posts deficit of $136.5bn in October
Nov 12, 2015 19:46 pm UTC| Commentary
The US Treasury reported a federal deficit of $136.5bn for October, in line with economists estimates ($137bn) and modestly above median consensus expectations ($132bn). Relative to the same period one year ago, the...
Nov 12, 2015 17:43 pm UTC| Commentary
Russia GDP improved to -4.1% y/y (NSA) from -4.6% in Q2 (Figure 1). This was better than the consensus forecasts (-4.4% y/y). This is an advanced release as the preliminary GDP, along with the full breakdown of the...
Swedish inflation on track, in line with Riksbank’s view
Nov 12, 2015 16:50 pm UTC| Commentary Central Banks
Inflation for October came out very much as expected. The CPI rose by 0.1% on the month, in line with forecasts. CPIF stood at 1.1% y/y, a tad higher than we had expected (1.0%) but in line with consensus and the Riksbanks...
US JOLTS data reflect declining labor market slack, steady worker confidence
Nov 12, 2015 16:08 pm UTC| Commentary
Total job openings rose to 5.526mn in September (previous: 5.377mn) according to the US Job Openings and Labor Turnover Survey (JOLTS) released this morning. The increase in total labor demand was led by service sector...