Limits to growth in New Zealand's agriculture markets
Sep 15, 2015 23:31 pm UTC| Commentary
Beef exports have been one of our most consistently strong performers in recent years, with a steady uptrend in both prices and volumes. However, there is some looming constraints to thisgrowth, according to Westpac...
Sep 15, 2015 23:25 pm UTC| Commentary
US data was mixed overnight, (strong retail sales, very weak empire survey, and as expected IP) but the main take away was the solid outcome for retail sales. The control group measure for sales printed 0.4%m/m in Aug....
US Retail sales continue to reach new highs
Sep 15, 2015 17:21 pm UTC| Commentary
Consumers spent $447.7 billion in August, a new all-time record high or 0.2% over the prior month which was revised higher to 0.7%. That is why we call consumers the game changer. What are they buying? Autos in a big way...
Canadian housing activity settles into a still hot pace
Sep 15, 2015 17:13 pm UTC| Commentary
Following a sharp run-up in home sales during the spring months, Canadian housing activity appears to have stabilized at elevated levels. While existing home sales only rose a modest 0.3% m/m in August, it was the third...
US retail sales remain strong in August
Sep 15, 2015 16:52 pm UTC| Commentary
Retail sales rose 0.2% m/m in August, slightly below the median consensus forecast of 0.3% m/m. Revisions to the month prior were positive though, with Julys initial reading of 0.6% m/m revised higher to 0.7% m/m. The...
Canadian home sales steady in August
Sep 15, 2015 16:40 pm UTC| Commentary
National home sales were little changed in August (+0.3% m/m, seasonally adjusted). Following a strong spring surge in sales, activity has shown signs of stabilizing over the summer in many local markets, including in...
US industrial output remains sluggish, while motor vehicles distort headline
Sep 15, 2015 16:10 pm UTC| Commentary
Total industrial production fell 0.4% m/m in August, coming in weaker than forecast (0.1%) and consensus expectations (-0.2%). Manufacturing output fell sharply by 0.5% (forecast: -0.4%) as the seasonal boost to July motor...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects