Euro Area consumption likely to have been the main engine of growth
Aug 03, 2015 05:28 am UTC| Commentary
The euro area GDP to grow by 0.4% qoq in Q2 2015. This would represent 1.3% qoq at an annualised rate, higher than the euro area GDP potential (1.0%). The cyclical recovery continued in Q2 with the same momentum as Q1,...
Euro area June IP growth likely to post at 1.5% yoy with strength from Germany and France
Aug 03, 2015 05:23 am UTC| Commentary
National data, accounting for around 90% of global euro area industrial production growth is awaited. "Taking into account the forecasts for Germany, France, Italy and Spain and assuming that the other countries industrial...
Final Euro services PMI to hover around four-year high despite easing in July
Aug 03, 2015 05:09 am UTC| Commentary
The flash euro area services and composite PMIs, were 53.8 and 53.7 respectively, down slightly from the recorded four-year highs seen in June. This decrease was primarily driven by a weakening in business...
Indonesia likely to post weak GDP growth rate in Q2 15
Aug 03, 2015 05:06 am UTC| Commentary
Indonesias GDP data for Q2 is likely to release on 5th August. The economy, after having recorded the lowest ever growth rate (as per the new data set) of 4.71% yoy during Q1 2015, a mild uptick during Q2 2015 to 4.81% yoy...
Final Euro July manufacturing PMI set to remain strong
Aug 03, 2015 05:05 am UTC| Commentary
The flash euro area manufacturing PMI, fell more than expected from 52.5 in June to 52.2 in July. This indicates that the manufacturing sector expanded at a slightly lower rate than in June, but still showed strong growth...
EU leaders to choose large bailout/haircut for Greece, if IMF unwilling to participate
Aug 03, 2015 05:00 am UTC| Commentary
The question of the IMF participation is another hurdle. Indeed, media reports recently stated that the IMF would only be able to contribute to the third bailout if Greece were granted some form of debt relief. However, a...
High risks of Greece missing the mid-August deadline
Aug 03, 2015 04:52 am UTC| Commentary
According to the EU Commission, Greeces funding needs for August amount to 5bn, of which 3.2bn relate to the ECB debt repayment due on 20 August. In order to have the funds available before the ECB debt is due, the...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects