Final July euro area inflation to confirm flash estimates at 0.2% yoy

Aug 03, 2015 01:07 am UTC| Commentary

The flash estimate of euro area HICP inflation in July was stable, in line with consensus at 0.2% yoy. Core inflation rose to 1.0% yoy in July vs 0.8% yoy in June, above the expectations of 0.9% yoy and the consensus...

Q2 GDP growth to show Euro area consumption-led above potential growth

Aug 03, 2015 00:56 am UTC| Commentary

Euro area GDP is expected 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...

Euro area IP growth to post at 1.5% yoy with strength from Germany and France

Aug 03, 2015 00:42 am UTC| Commentary

National data, accounting for around 90% of global euro area industrial production growth, will become available next week. Taking into account the forecasts for Germany, France, Italy and Spain and assuming that the other...

Euro area final services PMI hover around 4-year high despite easing in July

Aug 03, 2015 00:33 am UTC| Commentary

The flash euro area services and composite PMIs, published last week, 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...

US industrial output likely quickened in July

Aug 02, 2015 23:58 pm UTC| Commentary

Powered by an auto-led rebound in manufacturing output, US industrial production probably climbed by 0.5% in July - the largest gain since last November. Buoyed by an anticipated surge in motor vehicle assemblies during...

US retail sales expected to begin the summer on a high note

Aug 02, 2015 23:50 pm UTC| Commentary

Consumers probably opened their wallets with gusto in July. The preliminary analysis suggests that retail and food services sales jumped by 1.0% last month, erasing the surprisingly weak -0.3% print posted in May. The...

Australia's Q2 real retail sales to show a more muted 0.4%qtr gain

Aug 02, 2015 23:33 pm UTC| Commentary

Australias real retail sales recorded a solid 0.7% gain in Q1, following strong gains of 1.2% in Q4 and 1% in Q3. Note that the Q4 gain was augmented by an abnormally large, and questionable, level shift in electronic...