Korea Q1 growth lifted by construction
Apr 23, 2015 02:38 am UTC| Commentary
The advance estimate of Q1 GDP showed expansion of 0.8% q/q sa (Q4: 0.3%; Q3: 0.8%), above consensus forecast for growth of 0.6%.On an annualized basis, growth accelerated to 3.1% q/q saar (Q4: 1.1%; Q3: 3.2%), while on a...
UK April MPC meeting minutes taken as relatively hawkish
Apr 23, 2015 02:19 am UTC| Commentary
Todays April MPC meeting minutes were taken as relatively hawkish. The minutes suggested that previous GBP strength had fed through to prices faster than expected.This, combined with the fading impact of lower energy...
Vietnam April data likely showed steady growth
Apr 23, 2015 00:50 am UTC| Commentary
Vietnam is scheduled to release key April data over 24-30 April. CPI inflation data on 24 April will likely show that inflation was steady at 1.05% y/y, versus 0.93% in March.The decline in global oil prices has caused...
Germany IFO business climate likely continued to improve
Apr 22, 2015 23:58 pm UTC| Commentary
The index has been on a clear uptrend since its trough in October 2014. The combination of a lower oil price, and European Central Bank easing policies that led to euro (EUR) depreciation and lower borrowing rates is...
United States underlying trend in new home sales is firming up
Apr 22, 2015 23:11 pm UTC| Commentary
Recent housing data has been mixed but there are signs that Q2-2015 may be stronger, including a rise in mortgage approval data, stronger homebuilder confidence and evidence that banks are gradually easing credit...
US existing home sales decently beat expectations
Apr 22, 2015 22:10 pm UTC| Commentary
US Existing home sales decently beat expectations, printing 5.2m (est. 5.0m)-the best level since Sept 2013. Details showed broad gains in both condos and single-family units.The firm report looks to be driven by the...
High level of consumer confidence likely to boost UK retail sales in March
Apr 22, 2015 19:05 pm UTC| Commentary
UK Marchs retail sales figures (09.30 BST) should show that retail spending is still growing strongly.The BRCs measure of annual growth in like-for-like sales values picked up from 0.2% to 3.2% in March, and while the...
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