Mexico's core inflation suggests better economic conditions

Jul 10, 2015 05:59 am UTC| Commentary

After changing its calendar to accommodate its decision right after the FOMC, Banxico seems to be waiting for the Fed to make a move. For now, the board will be very comfortable if the Fed delays its first hike during H2...

Malaysia IP, the soft patch disappears

Jul 10, 2015 05:49 am UTC| Commentary

Todays Malaysia IP report (at 4.5%) comes on the back of Mays poor trade performance, when exports fell by 8.7% y/y. Within the details, growth rebounded in mining, helped by strong increases in mineral fuel output and...

UK construction output to bounce in May

Jul 10, 2015 05:49 am UTC| Commentary

UK construction data were heavily revised last month as a new interim price series was introduced. The construction output series now shows that the upward trend reached a peak in the autumn of last year and has since been...

Italian economy likely to grow at 0.5/0.6% qoq

Jul 10, 2015 05:40 am UTC| Commentary

Markits factory PMI during the month of May (57.1, the highest since the beginning of 2011) indicates Italian economy started performing well. This is because, industrial output is one of the best indicator of GDP...

India's inflation to move up

Jul 10, 2015 05:37 am UTC| Commentary

The new series of India CPI data indicates that inflation has bottomed. While copious rainfall until early in the fourth week of June erased fears of insufficient rainfall, its performance since 25 June suggests that...

Modest improvement likely in China's trade growth

Jul 10, 2015 05:29 am UTC| Commentary

Chinas export growth is expected to turn positive in June after a three-month contraction but the improvement is likely to be only gradual. The latest data from other Asian economies suggest that global trade demand...

China's Money growth likely weakened on base effects

Jul 10, 2015 05:21 am UTC| Commentary

Chinas total credit growth probably dipped further, partly due to a technical factor. Chinas money growth to soften again in June, mostly due to base effects. The swap programme converted CNY135bn in outstanding bank...