Mexican labour market stagnation in Q2 was temporary

Aug 26, 2015 05:28 am UTC| Commentary

The growth slowdown in H1 led to stagnation in Mexican labour market. On a seasonally adjusted basis, the unemployment rate remained unchanged at 4.4% in Q2 compared with its Q1 value."With growth numbers improving from...

Mexican trade details likely strengthened in July

Aug 26, 2015 05:23 am UTC| Commentary

After two months in a row of yoy declines in exports and imports in April and May, dollar trade numbers improved in June (something also noticed in better manufacturing number for that month). Given strengthening US...

Brazil's GDP to contract heavily in Q2 and 2015, outlook deteriorates for 2016

Aug 26, 2015 05:19 am UTC| Commentary

Brazil economy seems to be heading for a worse contraction until just a couple of months back. Both private and public consumption look in worse shape with the anticipated and significant fiscal drag from H2 and inflation...

U.S. durable goods bookings expected to increase

Aug 26, 2015 05:19 am UTC| Commentary

U.S. durable goods orders likely climbed by 1.2% in July, building on the above-consensus 3.4% jump recorded in June - the first consecutive gains in hard goods requisitions since the corresponding period of 2014. A...

Brazil's real credit growth likely turned negative in July

Aug 26, 2015 05:12 am UTC| Commentary

After a brief pick-up in H2 14 on liquidity measures, Brazils credit growth resumed its decelerating trend. In fact, credit growth has been on a decelerating trend since end-2010 and it would be difficult to expect any...

U.K. retail sales for August in good shape

Aug 26, 2015 05:06 am UTC| Commentary

The drivers of U.K consumer demand have continued to strengthen this year as inflation has fallen to zero and nominal income growth has accelerated. Moreover, consumer confidence remains near record highs, fuelled by a...

Poland Q2 GDP growth likely to be slightly lower

Aug 26, 2015 05:06 am UTC| Commentary

It is quite likely that Polands domestic factors (both private consumption and investment) are still responsible for economic activity in Poland. A decline can be seen in the contribution of net exports to Q2 GDP growth...