US consumer prices likely stalled in August
Sep 15, 2015 06:14 am UTC| Commentary
Reflecting a projected 3.5% decline in US seasonally adjusted motor fuel costs, the CPI energy gauge likely fell by 1.6%, retracing a little over one quarter of the 6.2% hike posted over the May -July span. Echoing the...
BCCh rate changes unlikely till H1 2016 in Chile
Sep 15, 2015 05:35 am UTC| Commentary
On several occasions, the central bank has confirmed the suspicion that the bank sees further easing as futile, given the view that a substantial part of the growth deterioration is probably structural (vs cyclical).While...
Chile inflation rises again on peso depreciation
Sep 15, 2015 05:31 am UTC| Commentary
A fresh round of substantial peso depreciation has stopped Chile inflation moderation and, in fact, inflation returned to 5% yoy in August (with core inflation remaining more stubborn)."Given the pressure on the CLP and a...
Chile's recent growth surprised to upside, but still below trend and not quite broad-based
Sep 15, 2015 05:29 am UTC| Commentary
Chiles growth numbers have been surprisingly better over the past couple of months despite continued weakness in trade data. Q1 demand composition, however, suggests that private demand weakness has continued along with...
US industrial production probably contracted in August
Sep 15, 2015 05:26 am UTC| Commentary
In US, continued production-worker layoffs and cutbacks in hours worked suggest that output at the nations mines fell by 1.6% during the reference period, knocking 0.3 percentage point off the headline measure."Reduced...
Reduced gasoline purchases likely capped US retail sales in August
Sep 15, 2015 05:25 am UTC| Commentary
Continued solid demand for US new motor vehicles is expected to offset all but a fraction of the estimated falloff in nominal gasoline purchases. In contrast to the consensus call for a pullback, sales of light trucks and...
Federal Reserve district manufacturing surveys likely to be mixed
Sep 15, 2015 05:25 am UTC| Commentary
Canvasses of US local firms conducted by the Federal Reserve Banks of New York and Philadelphia will provide early glimpses at manufacturing activity in September and will allow to do some spadework on the projection for...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects