Third time expected to be the charm for US Q2 GDP growth
Sep 21, 2015 23:19 pm UTC| Commentary
Data released subsequent to the Bureau of Economic Analysis preliminary report on real GDP growth during the spring point to yet another markup. Stepped-up spending by consumers and businesses, along with a larger...
Falloff in transport bookings likely pared US durables orders in August
Sep 21, 2015 23:09 pm UTC| Commentary
Widespread cutbacks in transportation equipment requisitions probably left US durable goods orders 1.9% lower in August, erasing all but a fraction of Julys reported 2.2% gain. A sharp reduction in commercial jetliner...
Mexico's trade deficit rises further as exports falling in dollar terms
Sep 21, 2015 22:35 pm UTC| Commentary
Year-to-date, the trade balance has worsened to -USD6,319m from -USD1,302m during the same period last year. The worsening trade balance primarily has to do with the fall in dollar exports growth (-2.2% year-to-date from...
Inflation continues to slip after falling below Banxico target in May
Sep 21, 2015 22:26 pm UTC| Commentary
Inflation slipped below 3.0% (the Banxicos target) in May for the first time in a decade and has declined even further since then, as core inflation remained at its lowest level ever at 2.3% and food inflation fell to its...
Australian house prices reaccelerating, driven by Sydney
Sep 21, 2015 21:54 pm UTC| Commentary
The two rate RBA rate cuts in February and May, which were effectively fully passed on by lenders, have reignited residential property prices, especially in Sydney and Melbourne. In addition, discussions about tightening...
Brazil's real credit growth likely turned negative in July
Sep 21, 2015 21:27 pm UTC| Commentary
After a brief pick-up in H2 14 on liquidity measures, credit growth resumed its decelerating trend. Credit growth shrunk below 10% in June but saw a modest uptick in July as business credit posted the best yoy gain in four...
Mexico's retail sales growing at an impressive pace on lower inflation
Sep 21, 2015 21:03 pm UTC| Commentary
Despite the growth weakness in H1 and the visible effect of the slowdown in the labour market, retail sales on average have continued to trend up this year - in part due to the low base effect in H1 2014, but mostly due to...
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