April euro area inflation to continue its rebound
Apr 27, 2015 01:54 am UTC| Commentary
March euro area HICP inflation quickened to -0.1% yoy from -0.3% yoy in February. Core inflation was at 0.6% yoy, down from 0.7% yoy in February. The energy component explained the bulk of the rise in inflation, up from...
US manufacturing ISM Boosted by weather, capped by the dollar
Apr 27, 2015 01:45 am UTC| Commentary
After five consecutive monthly declines, the manufacturing ISM index is expected to post a modest gain in April. A 1.5 increase to 53.0 is likely, which would mark the highest reading since January.The manufacturing sector...
US ECI to show a pickup in wage growth
Apr 27, 2015 01:10 am UTC| Commentary
The US Employment Cost Index is expected to register a 0.6% sequential increase in the first quarter. This is in line with the gain reported in Q4 and appears benign on the surface; however, it will push the yoy growth...
US Q1 GDP expanded only 0.5% q/q SAAR
Apr 27, 2015 00:42 am UTC| Commentary
The US Federal Open-Market Committee (FOMC) will meet as the Bureau of Economic Analysis releases its first estimate of Q1 GDP growth (29 April, 08:30 ET). Recent data points to an uninspiring Q1 growth picture."We...
UK consumption to drive growth, investment under pressure
Apr 26, 2015 23:26 pm UTC| Commentary
UK GDP is expected to have expanded 0.7% q/q (2.8% y/y) in Q1, slightly higher than the 0.6% q/q rise in Q4-2014.Household consumption likely remained the key contributor to GDP growth, as it has been since the beginning...
Japan retail sales probably weakened y/y in March on a high base
Apr 26, 2015 22:45 pm UTC| Commentary
Japan will release March retail sales data on 28 April. Retail sales is expected to increased 0.3% m/m, versus 0.7% in February. In y/y terms, they likely contracted 7.5% y/y thanks to last years high base.Retail sales...
Philippines trade balance likely improved on sluggish import growth
Apr 26, 2015 22:30 pm UTC| Commentary
The Philippines will release February trade data on 28 April. A small trade surplus of USD 100mn is expected , versus the USD 750mn deficit in January, which translates into a smaller contraction of 6.6% y/y, versus 14.2%...
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