RUB likely to depreciate further

Aug 21, 2015 06:25 am UTC| Commentary

Russias real sector indictors for July were disappointing in Russia, pointing to continued negative growth in Q3. In particular, the declines in investment and real wages deepened while retail trade remained weak. The...

Mexican economy to grow by 2.4% in 2016

Aug 21, 2015 05:59 am UTC| Commentary

Mexicos manufacturing is likely to decelerate as the uncertainties of global growth keep a lid on global trade, reducing the impulse from manufacturing exports. Growth in manufacturing exports decelerated to 3.8% y/y in H1...

Hungary's steady monetary policy

Aug 21, 2015 05:46 am UTC| Commentary

Hungarian growth eased to 2.7% y/y in Q2, raising concerns. But lowering the base rate will probably not help because bank lending has declined with banks balance sheets under financial pressure from the bank levy, loan...

Taiwan industrial production likely contracted further on weak exports

Aug 21, 2015 05:42 am UTC| Commentary

Taiwans export orders print slowed its decline slightly to -5% yoy in July from -5.8% yoy in June. The manufacturing PMI rose fractionally to 47.1 in July from 46.3 in June, supported by improving domestic orders. The...

Euro area consumer confidence to remain stable in August

Aug 21, 2015 05:40 am UTC| Commentary

Euro area consumer confidence has been rising dramatically since 2013, reaching historically high levels. Since the beginning of the year, it has improved further on the back of falling oil prices. However, since May,...

Euro area PMIs to soften in August

Aug 21, 2015 05:34 am UTC| Commentary

The Euroarea manufacturing PMI data for August is scheduled to release today."The data is expected to soften from 52.4 to 51.6 in August, with only France eking out a small gain in its manufacturing PMI compared to its low...

Mexico retail sales growing at an impressive pace

Aug 21, 2015 05:31 am UTC| Commentary

Despite Mexicos growth weakness in H1 and the visible effect of the slowdown in the labour market, retail sales on average have continued to trend up this year, in part due to the low base effect in H1 2014 and partly due...