Strong UK retail sales suggest recovery has momentum
May 21, 2015 09:01 am UTC| Commentary
Aprils strong retail sales figures offer another reason to think that the economic recovery is not about to fizzle out. The volume of retail sales (including petrol) rose by a monthly 1.2% in April, much stronger than the...
Sweden's inflation still way below 2%
May 21, 2015 08:02 am UTC| Commentary
The Riksbank remains committed to lift inflation to its 2% target within short. Governors have been clear that they will be acting asymmetrically in response to surprises, i.e. the tolerance for negative inflation...
Malaysia – GST to boost full-year inflation
May 21, 2015 07:52 am UTC| Commentary
Malaysia will announce April inflation on 22 May. The headline CPI is expected to have risen by 2.1% y/y, versus 0.7% y/y in Q1. The acceleration in inflation is largely due to the implementation of the 6% goods and...
Germany – IFO index likely to maintain its upward trend
May 21, 2015 07:37 am UTC| Commentary
The German IFO business climate index is expected to increase to 109.0 in May from 108.6 in April, which was a 10-month high. The index has been on a clear upward trend since it reached a trough in October 2014. Lower oil...
Brazil – A bumpy road for fiscal adjustment, but in the right direction
May 21, 2015 07:34 am UTC| Commentary
Despite political noise, Brazils fiscal accounts are set to improve. The political debate surrounding measures to cut spending has intensified. Last week thelower house passed a watered-down version of a proposal to reduce...
China's HSBC manufacturing PMI improves slightly - appears to have bottomed out
May 21, 2015 07:21 am UTC| Commentary
In China the flash estimate for HSBC manufacturing PMI in May improved slightly to 49.1 (Consensus: 49.3, DBM: 48.7) from a final reading of 48.9 in April.The details were relatively strong with new orders improving to...
Poland's April data turn dovish
May 21, 2015 07:03 am UTC| Commentary
Polands real economy and inflation indicators surprised to the downside in April: industrial output growth was slower at 2.7% y/y (calendar-adjusted) vs. c.5%-6% average recorded in previous months, and the m/m reading...
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