U.S. September wholesale inventories hints Q3 GDP may grow at 1.7%
Nov 11, 2015 04:50 am UTC| Commentary
In the United States, wholesale inventories for September increased by 0.5% m/m are above expectation. The nondurable sector posted a robust growth in the referred month as it is stood at 1.9%m/m against 0.5% in the...
National Bank of Hungary likely to ease further
Nov 11, 2015 04:44 am UTC| Commentary Central Banks
There is a rise in Hungarys October inflation, which leaves the National Bank of Hungary (NBH) plenty of room to maintain its loose monetary policy conditions for an longer period. The NBH predicts that inflation will...
Hungary October inflation rises from food and base effects
Nov 11, 2015 04:23 am UTC| Commentary
Hungarys October inflation rose to 0.1%, from Septembers -0.4%. Increase in food inflation to 1.5% yoy from last months 0.4%, from base effects unseasonal monthly declines in food prices in last October. Household...
US October retail sales likely rose
Nov 11, 2015 03:32 am UTC| Commentary
US retail sales edged up 0.1% in September, from being steady in August, due to lower gasoline prices weighing on service station reciepts, while automobile purchase profits reflected strong domestic demand.In october,...
Euro area advance 3Q GDP numbers to remain in focus
Nov 11, 2015 02:37 am UTC| Commentary
The Eurozone economy is due to release its advance 3Q GDP numbers this Friday. Growth likely held nearly steady at 1.6% YoY in the third quarter (0.4% QoQ, sa), up modestly from 2Qs 1.5%. At the economy level, trends are...
The best way to look at both US payrolls and retail sales may be from a longer-term perspective
Nov 11, 2015 02:12 am UTC| Commentary
Markets expect a hefty 0.3% (MoM, sa) rise in retail sales in October, mainly, it seems, because growth in the previous two months was zero and not even the bears thinks the economy is doing that poorly. Consensus looks...
Taiwan's short-term growth cycle bottoming out but no significant turnaround in sight
Nov 11, 2015 01:56 am UTC| Commentary
There are more evidences that the short-term growth cycle is bottoming out. Exports shrank 11.0% (YoY) in Oct15, a smaller rate of decline compared to -13.9% on average in 3Q15. The improvement was primarily driven by...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects