Mexico's economy heading for further slowdown in Q2
Jul 24, 2015 05:40 am UTC| Commentary
Given the strong correlation between Mexicos monthly supply-side proxy of growth and industrial production, the growth is estimated to have slowed substantially to 0.5% yoy in May, the weakest pace since April 2014.The...
Mexico labour market deterioration in Q2 likely to be short lived
Jul 24, 2015 05:33 am UTC| Commentary
As a result of the Mexico IP slowdown, the labour market showed some signs of stagnation in Q2 if not deterioration. In May, the IP posted its first negative yoy print in over a year and appears that growth has slowed...
China housing market to continue improving
Jul 24, 2015 05:27 am UTC| Commentary
Increases in new home prices expanded to 27 out of 70 cities in China in June, reaching 14-month high, while the differentiation in trends between markets in the Tier-1 and other cities widened. In line with the...
China's fiscal and monetary policy mix to stay accommodative
Jul 24, 2015 05:22 am UTC| Commentary
Although the pace of Chinas broad-based monetary easing is likely to slow, the fiscal policy is expected to be more expansionary, with increasing local government spending to support investment, particularly in...
MERS drives consumption lower in Korea's Q2 GDP
Jul 24, 2015 05:16 am UTC| Commentary
The conditions for a late-summer acceleration, in Koreas IP and exports remain in place, although modest, helped by inventory destocking in the electronics and auto sectors, and a stronger recovery in the US and...
Due to weaker PMI China likely to grow at 6.8% in 2015
Jul 24, 2015 04:55 am UTC| Commentary
The headline PMI deteriorated from its final reading of 49.4 in June, with the output sub-index worsening to 47.3, a 16-month low. The Markit "flash" manufacturing PMI fell to 48.2 in July, reaching a 15-month low, where...
Daily Economic Outlook: 24th July, 2015
Jul 24, 2015 04:19 am UTC| Commentary
The euro area purchasing managers indices have remained relatively resilient in recent months, even as the Greek crisis intensified. In fact, both manufacturing and services PMIs improved in June, leaving the average for...
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