U.S. demographics and the wage-less recovery

Sep 01, 2015 20:55 pm UTC| Commentary Economy

This Fridays employment figures will be the last key labor data ahead of the September FOMC meeting. The aboveconsensus forecast for a 0.4% m/m gain would put the yoy growth rate at 2.2%, an uptick from the July reading,...

Ocean's 13: The impact of TPP and TTIP

Sep 01, 2015 17:32 pm UTC| Commentary Economy

There are currently two large trade agreements under negotiation that could have a major economic impact on the global economy as they involve a dozen Pacific countries, including the US, and the EU, and would intensify...

US ISM manufacturing set to decline further

Sep 01, 2015 16:43 pm UTC| Commentary Economy

The US manufacturing ISM index was outright weak with the headline falling to 51.1, from 52.7, so much weaker than expected. New orders plunged to 51.7, from 56.5. Employment was lower as well and the customer inventories...

Encouraging fall in Eurozone unemployment

Sep 01, 2015 12:29 pm UTC| Commentary Economy

The latest euro-zone unemployment data offered hopes that the slow recovery in the regions labor market has not reversed. But the bigger picture is that unemployment remains too high to boost wage growth and...

Volatile PMI unreliable indicator of Hungary GDP growth

Sep 01, 2015 12:05 pm UTC| Commentary Economy

Hungary PMI recovered slightly to 50.7 in August and was the only country in the group that registered an increase in August. This is this is the second monthly low PMI following Q2 levels of nearly 54. The composition of...

Australia's economic slowdown as net exports take a breather

Sep 01, 2015 05:32 am UTC| Commentary Economy

Most components of demand are expected to have grown more strongly or at a similar pace to the first quarter, but overall GDP growth in Australia is expected to have slowed substantially in Q2. The reason is that net...

Consumption and net exports to lead Euro area GDP in Q2

Sep 01, 2015 04:42 am UTC| Commentary Economy

Seasonally adjusted GDP rose by 0.3% qoq in the euro area during the second quarter of 2015, after an increase by 0.4% qoq in Q1. For the second reading, no change has been expected and a confirmation of the 0.3% qoq...