UK growth eases on construction and manufacturing
Oct 28, 2015 05:27 am UTC| Commentary
The ONS preliminary estimate of UK Q3 GDP came in at 0.5% q/q (2.3% y/y), below consensus and BoE expectations. The output breakdown shows value added grew by 0.49%, driven by services, while industrial was broadly muted...
BoJ's next CT hike will be implemented in April 2017
Oct 28, 2015 05:20 am UTC| Commentary
Despite the BoJs commitment to the 2% price stability target, inflationary pressure in the economy has stalled due to the decline in oil prices and sluggish demand after the consumption tax (CT) hike. The CPI (ex fresh...
China's housing at an important inflection phase
Oct 28, 2015 05:18 am UTC| Commentary
While it is heartening that Chinas real estate exhibited overall resilience in October, it is observed that the gulf between the coastal provinces and the hinterlands [in terms of price expectations] has opened up again.A...
BoJ's additional QQE measures likely in this week
Oct 28, 2015 05:12 am UTC| Commentary
The Bank of Japan (BoJ) is expected to implement additional QQE measures at its meeting on 30 October by increasing the annual monetary base target to 85trn on an annual basis, up from 80trn. At this meeting, the BoJ will...
Westpac's China MNI decreases confidence
Oct 28, 2015 05:11 am UTC| Commentary
The Westpac MNI China Consumer Sentiment Indicator decreased by 8.5pts from 118.2 in September to 109.7 in October. The Indicator is now 1.1% lower than a year ago and 8.8% below its long run average.While the October...
“Polarization” is not new semantics for US industry shifts or educational attainment
Oct 28, 2015 05:06 am UTC| Commentary
The distinctions among different occupations are quite different than focusing on different industrial sectors, or education levels. For example, US manufacturing and construction took significant hits during the downturn,...
Daily Economic Outlook: 28th October, 2015
Oct 28, 2015 05:06 am UTC| Commentary
Todays FOMC policy announcement is not expected to produce a change in the policy stance. However, in the absence of an accompanying press conference or updates to the Committee members forecasts, attention will focus...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects