Australia's mining sector capex slump to be partially offset by services sector

Aug 26, 2015 05:00 am UTC| Commentary

The big disappointment in Australias Q1 private sector capital expenditure (capex) report was not the unabated decline in the mining sector, but the fact that the services sector fell back sharply. This is a one-off...

Japan's July unemployment rate likely to be unchanged at 3.4%

Aug 26, 2015 04:53 am UTC| Commentary

The number of job seekers that dropped out of the Japans labour force increased in March and April, and these job seekers returned to the labour force in May and June. Most of them were absorbed by the increase in...

National Bank of Hungary remains optimistic on growth

Aug 26, 2015 04:49 am UTC| Commentary

The National Bank of Hungary (NBH) kept its base rate on hold at 1.35%, which was consistent with expectations and with the NBH announcement last month that it was ending the rate cut cycle and would be on hold for an...

Japan CPI to reach 0.5% by year end

Aug 26, 2015 04:36 am UTC| Commentary

The second CT hike scheduled to start in April 2017 is also suppressing Japans consumer sentiment. Corporates are now aware of the rising risk that further price increases may result in a deterioration of consumer demand....

More stagnant inflation for Japan in July

Aug 26, 2015 04:35 am UTC| Commentary Economy

There will be a base effect due to last years rise in oil prices that continued through to mid-2014. Although the BoJ is aiming at achieving a 2% price stability target, Japan CPI (excluding fresh food) likely fell below...

UK Q2 GDP second estimate to confirm first estimate of 0.7%

Aug 26, 2015 04:25 am UTC| Commentary

Further data has been released for both industrial production and construction output, since the release of the first estimate. In the first estimate, the qoq growth rates of these two components were 1.0% and 0.0% and in...

Daily Economic Outlook: 26th August, 2015

Aug 26, 2015 04:13 am UTC| Commentary

In terms of data, the US durable goods report for July is expected to show firmer growth at the outset of Q3. Following the 3.4% rise in headline orders in June, a 0.5% rise is expected in July, states Lloyds Bank. In the...