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...

UK inflation to slip back below zero

Sep 15, 2015 05:24 am UTC| Commentary

The surprise in UKs last months data for July was that core inflation jumped from 0.8% yoy to 1.2% yoy, driven largely by higher clothing inflation, taking headline inflation from zero to 0.1% yoy. At the time, the ONS...

China effect likely to depress Germany's ZEW

Sep 15, 2015 05:20 am UTC| Commentary

One problem with Germanys this month ZEW survey, which was conducted over the 10 first days of the month, is the increased volatility displayed in markets over that period, the Dax moved down by around 2.5% twice and twice...