New Zealand Q3 2015 retail sales up 1.6%

Nov 16, 2015 01:55 am UTC| Commentary Economy

After pausing for air in June, retail sales growth rebounded in September. Over the quarter, the volume of goods sold was up a solid 1.6%, leaving sales up 5.7% over the year. Looking into the details of the report,...

Statistic base effects to support Poland's Q3 data

Nov 13, 2015 07:51 am UTC| Commentary Economy

In Poland, far weaker growth is observed in the retail sales in recent months, both in nominal and real terms. In industrial production, a moderate growth was seen, which is modestly better than that of Q2. We expect...

Hungary may be benefited more on a relative basis

Nov 13, 2015 07:33 am UTC| Commentary Economy

European Central Banks QE extension will be supporting the CEE bonds, but it might help Hungary more on a comparative basis, when idiosyncratic risk prevails elsewhere. HUF assets risk premium is expected to be reduced...

Consumption leads French GDP growth

Nov 13, 2015 06:32 am UTC| Commentary Economy

In France, goods consumption, which shares 50% of total consumption posted a solid growth rate of 0.7% qoq in Q3. The industrial output inched up by 0.4% qoq at the same time.The Q3 GDP of the economy is expected to grow...

US federal deficit likely to remain at current levels in Q4

Nov 13, 2015 05:29 am UTC| Commentary Economy

US Treasury released its monthly federal budget balance statement for October, in which a deficit of $137bn was reported. This is modestly above the consensus expectations of $132bn. When compared to same period last...

India's CPI inflation accelerates, production softens

Nov 13, 2015 02:30 am UTC| Commentary Economy

Oct CPI inflation accelerated to 5% (YoY) from Seps 4.4% on higher food prices and fading base effects. Headline readings are off the sub-4% trough in Jul-Aug, with base effects and pipeline food pressures to keep...

Looking ahead to a decent Italian GDP report

Nov 12, 2015 22:23 pm UTC| Commentary Economy

Recent developments in the Italian economy indicate that activity remained unchanged at 0.3% qoq in Q3. The statistical tools put GDP growth at 0.3% qoq, in line with the increase posted in Q2. The improvement seems to...