Decline in Brazil's IP likely continued in Q3

Sep 01, 2015 04:16 am UTC| Commentary

Brazils industrial production fell 6.7% yoy in Q2, after falling 5.9% yoy in Q1 ( down 2.4% qoq). Given the shape of domestic and external demand, nearly the same pace of decline is expected in IP in H2. The one factor...

Czech consumer confidence to increase

Sep 01, 2015 04:02 am UTC| Commentary

Czechs consumer confidence remains at a relatively high level and consumers are once again showing an appetite for spending. Supported by growing wages and decreasing unemployment, overall purchasing power is...

Poland's new monetary policy strategy for 2016

Sep 01, 2015 03:49 am UTC| Commentary Central Banks

Polands MPC is expected to announce the new Monetary Policy Guidelines for 2016 in September (probably after the September MPC meeting). The possibility that the council will change the inflation target cannot be ruled...

Poland's July MPC minutes not so dovish

Sep 01, 2015 03:49 am UTC| Commentary Central Banks

According to the July NBP minutes, the majority of council members want rates to stabilise at the current level. They wrote in the minutes that in the coming years inflation was likely to gradually rise towards the target,...

Australia's retail sales consolidating after autumn surge

Sep 01, 2015 03:47 am UTC| Commentary

Australias retail sales surprised on the upside in June with a 0.7% mom gain, despite a marginal (0.1%) decline in food sales, meaning that non-food sales jumped by 1.2% mom, their largest gain since January (food sales...

Australia's robust imports and weak export prices keep trade deficit elevated

Sep 01, 2015 03:46 am UTC| Commentary

According to the official advanced estimate, imports were practically unchanged in July from June (0.2% mom), meaning that they remained at a high level, and were up by around 4.5% yoy. That said, all of this gain, and...

RBA policy reaction at this stage is likely to be judged as premature

Sep 01, 2015 03:43 am UTC| Commentary

Firstly, the uncertainty about China is simply too great, and the risks are not all one-way, if Chinas growth prospects improve as a result of the various changes, admittedly not the most likely scenario, the impact would...