Wider output gap set to curb FX pressures in Latin America

Sep 12, 2015 09:42 am UTC| Commentary Economy

LatAm inflation is marked by divergent trends at present: upward in the small, open economies and downward in the larger countries with disappointing growth. In Brazil and Mexico, upward inflation pressures from weaker...

US federal government posts budget deficit of $64.4bn in August

Sep 12, 2015 09:06 am UTC| Commentary Economy

The US federal government reported a monthly deficit of $64.4bn in August, modestly wider than CBO projections ($62bn) and $64bn narrower than in August 2014. A large portion of this decline, however, was due to the time...

Modest growth in Mexico's IP set to continue

Sep 11, 2015 16:39 pm UTC| Commentary Economy

Mexico IP increased 0.2% m/m sa in July, mostly driven by construction activities and mining, which increased 1.5% and 0.5% m/m sa, respectively, partially offset by the decline in manufacturing (-0.5%). In annual terms,...

UK construction output slows down in spite of supply shortage

Sep 11, 2015 09:10 am UTC| Insights & Views Economy

According to latest data, UK construction output contracted by 1% in July from June, while economists were expecting growth of 0.5%. This week Halifax house prices showed property prices in UK went up 2.7% in August,...

Softer petroleum quotes likely led US August PPI decline

Sep 11, 2015 06:46 am UTC| Commentary Economy

A petroleum-led drop in wholesale energy quotes, combined with a partial reversal of Julys hike in services costs, probably pared the Producer Price Index for final demand (PPI-fd) by 0.6% in August, reversing a little...

Premier Li’s comments on Chinese economy

Sep 10, 2015 04:29 am UTC| Commentary Economy

China Premier Li Keqiang told a conference on Thursday that growth in China is stabilizing and that the worlds second-biggest economy is still on track to achieve growth targets this year. While admitting that China was...

Mexico's industrial growth modest despite decent manufacturing growth

Sep 09, 2015 23:17 pm UTC| Commentary Economy

Trade data suggests that Mexicos industrial production likely grew by 1.4% yoy as manufacturing continued to expand at the decent pace of 3.9% yoy, although the mining sector decline continues to be a significant drag and...