Canadian retail sales advance beyond expectations in May

Jul 23, 2015 16:22 pm UTC| Commentary

Canadian retail sales rose 1.0% (m/m) in May, following a decline of 0.1% last month. Todays reading came in above market expectations of a 0.6% increase. In volume terms, sales were up a more modest 0.4%.The details of...

Mexico CPI: Subdued inflation should keep the hawkish sentiment of Banxico

Jul 23, 2015 16:10 pm UTC| Commentary

Mexicos CPI increased 0.09% 2w/2w in the first half of July as a result of incremental rises in fruit and vegetable prices, partially offset by a reduction in egg prices and a weak core print. Core inflation was 0.10%...

China’s economy is entering a slower, riskier phase

Jul 23, 2015 16:01 pm UTC| Commentary

Since the turn of the millennium, the growth of the Chinese economy has been the biggest story for the global economy. However, in recent years, that growth has been too dependent on credit-fuelled stimulus. Non-financial...

Brazil unemployment rate: Far from a stabilization point

Jul 23, 2015 15:53 pm UTC| Commentary

The June unemployment rate inched up to 6.9%, compared with 4.9% in June of last year. In seasonally adjusted terms, the unemployment rate is higher at 6.4%, from 6.3% in May and 5.4% at the beginning of the year. The rise...

Experts says Taiwan IP to improve on a sequential basis

Jul 23, 2015 11:24 am UTC| Commentary

Taiwans industrial production contracted by 1.4% y/y in June, which is revised lower to -3.5% from -3.2% in last month. While consensus was expecting -3.3% growth in this sector.On a seasonally adjusted m/m basis,...

France business confidence indicators continued to improve

Jul 23, 2015 09:59 am UTC| Commentary

Despite some divergence in June, French business confidence indicators continued to improve, as manufacturing and services sectors are performing well.Therefore, INSEE, Bank of France and PMIs anticipates the business...

Greek public finances likely worsening

Jul 23, 2015 09:36 am UTC| Commentary

Additional austerity measures would run the risk of deepening the Greece recession even further and eventually be inefficient in improving the fiscal position of the country.The move back into deep recession is likely to...