U.K. economic growth shrinks sharply in Q1 2020, likely to fall further in coming months

May 13, 2020 12:39 pm UTC| Commentary

U.K. economic activity saw a record monthly fall in March as lockdown measures took effect. On a month-on-month basis, the economic growth shrank 5.8 percent in March. This is a smaller contraction than consensus...

U.S. consumer price inflation eases in April on fall in gasoline prices

May 12, 2020 17:41 pm UTC| Commentary

U.S. consumer prices dropped 0.8 percent in April, the largest monthly fall since December 2008. Inflation is barely in positive territory. On a year-on-year basis, the consumer price inflation came in at just 0.3 percent,...

U.S. small business optimism eases in April, NFIB index falls to 90.9

May 12, 2020 15:12 pm UTC| Commentary

U.S. small business optimism eased in April. The NFIBs small business optimism index fell 5.5 points to 90.9 in April. Todays data is above consensus expectations of a print of 83. The falls were widespread, with nine of...

Indonesian economic growth likely to slow down further in Q2 2020, BI to cut rates further by 50 bps

May 12, 2020 13:48 pm UTC| Commentary

The Indonesian economic growth is expected to ease further in the second quarter of this year. According to an ANZ research report, the GDP growth is likely to slow down to 0.8 percent year-on-year, in line with the...

Australian business conditions index falls further in April, improvement in conditions likely in May

May 12, 2020 12:27 pm UTC| Commentary

Business conditions of Australia worsened further in April, with non-essential services shut down throughout the month. Business conditions dropped 12 points to -34 in the month, while business confidence rose 20 points to...

Polish economic growth likely decelerated in Q1, to contract in 2020

May 11, 2020 19:01 pm UTC| Commentary

The Polish first quarter GDP growth data is set to be released this week. According to an Erste Group research report, the flash estimate is expected to show that the economic growth decelerated to 1.2 percent year-on-year...

U.S. headline inflation likely to have eased sharply in April on large fall in energy prices

May 11, 2020 18:25 pm UTC| Commentary

The U.S. April inflation data is set to release tomorrow. According to a Barclays research report, the CPI inflation is likely to have eased sharply by 0.8 percent sequentially in the month. This would be its largest...