Mexico: Solid growth in services GDP, constant unemployment
Jul 24, 2015 15:17 pm UTC| Commentary
The Mexican economy expanded 0.1% m/m sa in May according to the IGAE index. This number came in stronger than the expectations, since it was estimated of 0.5% contraction, mainly as a result of the decline observed in the...
US Markit flash manufacturing PMI edges higher in July
Jul 24, 2015 14:59 pm UTC| Commentary
The US Markit manufacturing PMI rose modestly to 53.8 in the July flash estimate, against consensus expectations for an unchanged reading of 53.6. The details of the survey show modest increases in output (55.4, previous-...
Pace of Czech Republic's employment growth likely to decelerate
Jul 24, 2015 12:31 pm UTC| Commentary
In the Czech Republic, employment reached an all-time high in Q1 15. However, solid employment growth is visible in all CEE countries. The rise in employment is attributable mostly to increasing labour demand in the...
Cyclical recovery expected in Singapore's electronics sector
Jul 24, 2015 12:22 pm UTC| Commentary
Singapores June industrial production came in much weaker than expected. The industrial production declining by 4.4% y/y, or 3.3% m/m sa.Despite the recent pickup in electronics exports and the PMI, electronics production...
Brazil's inflation remains under pressure
Jul 24, 2015 10:44 am UTC| Commentary
The recent inflation prints in Brazil surprised on the upside, as food prices seasonally experience a decrease between the months of May and July, driving headline inflation lower. This year, however, food prices monthly...
SARB likely to revise bank rate end of this year
Jul 24, 2015 10:04 am UTC| Commentary
SARB expects the South Africas CPI inflation to edge up in near future. Therefore, in order to control the expected inflation the bank wants to increase the interest rate. Governor Kganyago cited the "real interest rate"...
CBT maintains a cautious monetary policy stance
Jul 24, 2015 09:46 am UTC| Commentary
The CBT maintained its cautious monetary policy stance and reiterated that "future monetary policy decisions will be conditional on the improvements in the inflation outlook"."Furthermore, core inflation momentum has...