US retail sales rose only 0.1% in September

Oct 14, 2015 20:16 pm UTC| Commentary

US retail sales rose only 0.1% in September, and August was revised 0.2ppts lower to 0.0%, undershooting expectations. Gasoline prices and building materials were notable contributors to the disappointment. However, even a...

US October Beige Book cites modest pace of economic expansion

Oct 14, 2015 20:10 pm UTC| Commentary Economy

The Federal Reserves Beige Book, which contains an assessment of economic conditions from the 12 Federal Reserve districts through October 5, reported that economic activity continued to expand at a modest pace from late...

Troubling data from U.S questions economic growth

Oct 14, 2015 17:32 pm UTC| Commentary Economy

Economic data from around the globe was released today, nearly all pointing in a negative direction. Headline U.S. retail sales inched up a slight 0.1 percent while retail sales excluding autos dropped 0.3 percent and PPI...

US retail sales slow in September

Oct 14, 2015 17:04 pm UTC| Commentary

September retail sales were weaker than consensus expected (+0.2% m/m) but slightly better than our expectation (0.0% m/m). Overall, retail sales increased 0.1% m/m but this was driven primarily by strong auto sales, as...

Brazil’s retail sales indicate that Q3 consumption could be nearly 45% worse than estimated

Oct 14, 2015 16:53 pm UTC| Commentary Economy

At -6.9% yoy (-0.9% mom), August retail sales were much weaker than expected and the worst since early 2003. All of the major sales segments fell sharply - with the exception of medical care and cosmetics - as consumers...

US consumer prices likely ran out of energy last month

Oct 14, 2015 16:35 pm UTC| Commentary

Triggered by a gasoline-led drop in retail energy quotes, the CPI probably edged 0.2% lower in September, following a 0.1% downtick in the prior month (see accompanying table). Pump prices likely tumbled by 8.7% after...

Is the game up for GBP?

Oct 14, 2015 16:11 pm UTC| Commentary

Economists take stock of the recent developments in GBP and look ahead to the prospects for the pound. The current market environment, with a distinct lack of focus on UK data, suggests that GBP will be beholden to global...