UK CPI inflation still avoiding a negative number

Apr 14, 2015 06:06 am UTC| Commentary

After the surprise fall in CPI inflation to precisely zero in February, and the prediction from the Bank of England in its February Inflation Report that "inflation ... will ... potentially turn negative in the spring" the...

Final March Italian HICP inflation to confirm flash estimates at -0.1% yoy

Apr 14, 2015 06:02 am UTC| Commentary

Flash March Italian HICP inflation fell by -0.1% yoy after its reading of 0.1% in February. Even though the energy component rose from -8.4% yoy to -6.5% yoy, adding 19bp to the headline numbers, and food prices added a...

Spanish final March HICP inflation seen at -0.7% yoy

Apr 14, 2015 06:00 am UTC| Commentary

The flash estimate of Spanish HICP inflation came in at -0.7% yoy, up from -1.2% yoy in February (2.0% mom).Markets were looking for a reading of -0.9% but some analysts see inflation sharply rebounding to -0.6%, on the...

Euro area industrial output to rise in February

Apr 14, 2015 05:56 am UTC| Commentary

Available national data accounting for 80% of global euro area industrial production points to a nice rebound in growth in February (0.9% mom, 1.1% yoy w.d.a.)."The carry-over for Q1 2015 also points to growth in...

Good momentum in Euro area, but ECB will continue with QE

Apr 14, 2015 05:40 am UTC| Commentary

European Central Bank (ECB) President Draghi is likely to note stronger euro-area survey data at Wednesdays post-meeting press conference. But ongoing negative headline CPI and weak core inflation (down to 0.6% y/y in...

Daily Economic Outlook: 14 April, 2015

Apr 14, 2015 05:12 am UTC| Commentary

Todays US retail sales (1230 GMT) report is set to be an important litmus test of the health of US consumers. Accumulating evidence of a soft first quarter for the economy has resulted in early estimates of Q1 GDP growth...

MAS maintains monetary policy stance

Apr 14, 2015 01:54 am UTC| Commentary

The Monetary Authority of Singapores unchanged stance implies little change in the medium-term outlook for the Singapore economy. The decision to leave the policy band unchanged was only partly expected by the market.As...