Taiwan's third quarter could be weaker than expected

Sep 22, 2015 01:37 am UTC| Commentary

The latest trade data continued to disappoint. Total value of export orders shrank 8.3% (YoY) in Aug15, a deeper decline than -5.0% in Jul15 and far worse than the consensus forecast of -4.8%. Excluding the price factors,...

Mexico's economic growth still impressive given the slowdown of industrial sector

Sep 22, 2015 01:00 am UTC| Commentary

Economic activity has surprised to upside in recent months considering the slowdown in industrial production. Industrial production growth over past six months (including the July 2015 release) slowed to 1.0% yoy from 2.0%...

US domestic demand fundamentals remain strong

Sep 22, 2015 00:50 am UTC| Commentary

The disinflationary forces will deliver some offsetting benefits to the U.S. economy. Whereas in June, the average household was set to save $700 at the gas pumps relative to last year, they will now save over $900. As...

Fed rate hikes are not far away

Sep 21, 2015 23:57 pm UTC| Commentary

In the meeting that everyone had been waiting for, the Federal Reserve left its policy rate on hold. The decision was not an easy one. One the one hand, the improvement in the unemployment rate and broader economy argued...

Dollar picks up steam against developing economy currencies

Sep 21, 2015 23:45 pm UTC| Commentary

The other development on the external front is the magnitude of the rise in the dollar. Up until recently, the dollars rise had been more prominent against major advanced trading partners. Between the start of 2014 and the...

Third time expected to be the charm for US Q2 GDP growth

Sep 21, 2015 23:19 pm UTC| Commentary

Data released subsequent to the Bureau of Economic Analysis preliminary report on real GDP growth during the spring point to yet another markup. Stepped-up spending by consumers and businesses, along with a larger...

Falloff in transport bookings likely pared US durables orders in August

Sep 21, 2015 23:09 pm UTC| Commentary

Widespread cutbacks in transportation equipment requisitions probably left US durable goods orders 1.9% lower in August, erasing all but a fraction of Julys reported 2.2% gain. A sharp reduction in commercial jetliner...