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...

Greece effect may cause Euro area GDP growth to slow in Q3 despite otherwise firm recovery

Nov 11, 2015 00:52 am UTC| Commentary

Euro area GDP is expected to grow by 0.3% qoq in Q3 15, down from 0.4% in Q2. However, this apparent slowdown would be misleading. A contraction of 3.6% qoq (not annualised) is expected for Q3 in Greece (0.9% qoq in Q2)....

Chile's BCCh’s October statement was not as certain as September

Nov 11, 2015 00:35 am UTC| Commentary Central Banks

This realization is also not new. In fact, BCChs post-meeting (October) statement was considerably dovish and the key paragraph now has an element of uncertainty compared with the September statement, in which the bank was...