Philippines expects modest improvement in April export growth
Jun 09, 2015 04:21 am UTC| Commentary
The Philippines will release April export data on 10 June. Standard Chartered expects exports to have increased 6% y/y, following 2.1% growth in March on a favourable base effect. Annalysts assume April exports fell...
Daily Economic Outlook: 9th June, 2015
Jun 09, 2015 04:12 am UTC| Commentary
The release of UK trade figures for April will provide todays domestic highlight. According to the March data the trade deficit narrowed by 0.5bn on the month to 2.8bn. This decline largely reflected a 5.4% rise in exports...
Australia - Owner occupier housing finance up 1% in April, investor lending +2.6%
Jun 09, 2015 02:30 am UTC| Commentary
Australian housing finance approvals to owner occupiers came in above expectations with a 1% rise in April vs consensus forecasts of a 2% dip.The detail was positive as well with approvals ex refi also up 1%mth, and strong...
Australia - Housing finance to show a dip in April
Jun 09, 2015 00:57 am UTC| Commentary
The 1.6% rise in owner occupier finance approvals in March was almost entirely due to a surge in refinancing (+4%mth, 21%yr) with loans ex refi up just 0.3%mth, and down 3%yr. Construction-related approvals were soft but...
BoK expected to cut the policy rate further to 1.50% from 1.75%
Jun 08, 2015 22:23 pm UTC| Commentary
The Bank of Korea (BoK) will to hold its Monetary Policy Committee (MPC) meeting on 11 June. It is expected to cut the policy rate further to 1.50% from 1.75%.It is believed that the recent deterioration in economic data...
Turkey – Q1 GDP will most likely reveal further weakness
Jun 08, 2015 22:13 pm UTC| Commentary
Turkey will release Q1 GDP on 10 June. y/y growth is expected to slow further to 1.4%, from 2.6% the previous quarter. Turkey grew at 2.9% y/y in 2014, a significant slowdown from the 4.2% y/y achieved in 2013.Domestic...
UK – Industrial production was likely flat in April
Jun 08, 2015 21:40 pm UTC| Commentary
UK industrial production (IP) is expected to have been flat in April on a monthly basis, and up 0.5% y/y. IP was sharply higher in March, up 0.5% m/m, its highest level since 2011.However, it remains about 10% below 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