Mexico retail sales growing at an impressive pace
Aug 19, 2015 04:34 am UTC| Commentary
Despite Mexicos growth weakness in H1 and the visible effect of the slowdown in the labour market, retail sales on average have continued to trend up this year, in part due to the low base effect in H1 2014 and partly due...
Mexico's GDP growth likely slowed in Q2
Aug 19, 2015 04:32 am UTC| Commentary Economy
Mexicos industrial production and economic activity releases suggest that growth likely slowed to 2.0% yoy in Q2 even though activity growth improved to 2.2% yoy in June. While the supply side proxy puts Q2 growth at 2.1%...
Asia stocks trade in red as China douses risk sentiment
Aug 19, 2015 04:29 am UTC| Commentary
Chinas stock market crashed more than 6% on Tuesday evening, with no real explanation apart from fear that the worlds second-biggest economy is slowing to quickly, sending US markets lower on Tuesday as risk sentiment...
Brazil labour market deterioration continues as unemployment rate to hit 7%
Aug 19, 2015 04:22 am UTC| Commentary
While non-seasonally adjusted data shows Brazil unemployment rate falling to 4.3% in December 2014 and rising to 6.9% through June 2015, seasonally-adjusted series suggests the unemployment rate actually bottomed at 4.5%...
Brazil inflation acceleration continues in Q3
Aug 19, 2015 04:19 am UTC| Commentary Economy
While Brazil mom prices rose 0.62% in July, less than the 0.79% mom in June, annual inflation jumped to 9.56% yoy from 8.89% yoy in June. The acceleration was quite broad-based with the mom rate of price change exceeding...
Aug 19, 2015 04:02 am UTC| Commentary
Vietnams central bank set the reference rate for the USD/VND rate at 21,890 on Wednesday, up 0.99% on Tuesdays rate. The State Bank of Vietnam also widened the trading band for the USD/VND to 3% per day, from 2%...
US Q3 GDP tracking 2.7% after strong July housing starts
Aug 19, 2015 03:47 am UTC| Commentary
US housing starts rose 0.2% m/m in July, to 1.206mn. Multi-family family starts fell 17.0% m/m in July, given the surge in June from the expiration of a tax incentive in the Northeast region. While permits for the...
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