US industrial production probably contracted in August

Sep 14, 2015 05:26 am UTC| Commentary

In US, continued production-worker layoffs and cutbacks in hours worked suggest that output at the nations mines fell by 1.6% during the reference period, knocking 0.3 percentage point off the headline measure. Reduced...

Reduced gasoline purchases likely capped US retail sales in August

Sep 14, 2015 05:23 am UTC| Commentary

Continued solid demand for US new motor vehicles is expected to offset all but a fraction of the estimated falloff in nominal gasoline purchases. In contrast to the consensus call for a pullback, sales of light trucks and...

Federal Reserve district manufacturing surveys likely to be mixed

Sep 14, 2015 05:16 am UTC| Commentary

Canvasses of US local firms conducted by the Federal Reserve Banks of New York and Philadelphia will provide early glimpses at manufacturing activity in September and will allow to do some spadework on the projection for...

Euro Area's industrial output likely to strengthen in July

Sep 14, 2015 04:51 am UTC| Commentary

The July increase in Euro Areas IP only partially offset the weak momentum observed at the end of Q2, as the 3m/3m growth rate would still print in negative territory (-0.3%). The picture is not uniform across countries....

Final Italian HICP consumer prices likley to print at 0.5% yoy

Sep 14, 2015 04:47 am UTC| Commentary

As expected, Italys energy component was the biggest drag, declining further from -5.4% yoy in July to -6.4% yoy in August and cutting 10bp from the headline figure. The food component increased from 1.1% yoy in July to...

More QQE possible from BoJ in October

Sep 14, 2015 04:43 am UTC| Commentary

It is increasingly probable that the Japan government will declare a complete exit from deflation by the time the upper house election is held next summer. PM Abes ruling coalition will likely target voters by pointing to...

No change likely at BoJ's September meeting

Sep 14, 2015 04:34 am UTC| Commentary

Despite the BoJs commitment to the 2% price stability target, inflationary pressure has stalled due to the decline in oil prices and sluggish demand after the consumption tax (CT) hike. The CPI is likely to temporarily...