South Korea's growth still in line with expectations
Oct 02, 2015 01:44 am UTC| Commentary
The latest trade and manufacturing data were not as bad as feared. Exports fell 8.3% (YoY) in Sep, a smaller decline compared to -14.9% in Aug and better than the consensus forecast of -11.8%. Contrary to expectations for...
Japan faces risk of a technical recession
Oct 01, 2015 23:05 pm UTC| Commentary Economy
The risk of a technical recession has emerged due to the weakness in recent data. Industrial production contracted 0.5% (MoM sa) in Aug15, the second consecutive month of decline, reflecting the deterioration in exports...
US manufacturing slows as external factors outweigh domestic ones in September
Oct 01, 2015 22:08 pm UTC| Commentary
The Institute for Supply Management (ISM) manufacturing index fell 0.9 points to 50.2 in September. The reading was below consensus expectations, which called for a lesser pullback to 50.6. Most subcomponents experienced...
Chinese official PMI shows tentative signs of a cyclical bottom
Oct 01, 2015 21:30 pm UTC| Commentary
In contrast with the Caixin manufacturing PMI, official PMI manufacturing for September was slightly better than expected, rising to 49.8 from 49.7 in August (consensus: 49.7). The new orders index rose from 49.7 to 50.2....
Another weak US ISM manufacturing index
Oct 01, 2015 21:09 pm UTC| Commentary
The US manufacturing ISM for September declined to 50.2 from 51.1 versus 50.6 expected. New orders took another dive to 50.1 from 51.7. Customer inventories, increased to 54.5 from 53.0 but the inventory index (for the...
Red hot streak in US auto sales continues in September
Oct 01, 2015 20:46 pm UTC| Commentary
US auto sales surged to a seasonally-adjusted annualized rate of 18.06 million units in September, following a red-hot 17.7 million units sold in August. This is the highest pace of sales recorded since 2005 and well above...
Russia lowers export duty on wheat from today
Oct 01, 2015 12:13 pm UTC| Commentary
Russian Prime Minister Dmitry Medvedev signed a decree yesterday that will lower Russian export duty.Duty will be set at 50% of the domestic price per ton, minus 6,500 roubles (previously 5,500 roubles), notews...
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