Japan's consumption bounced back in May, but to improve in Q3
Jul 03, 2015 06:10 am UTC| Commentary
Japans consumption-related data bounced back in May after falling in April. Based on household survey and retail sales data, consumption is now tracking slightly above Q1levels.However, it is still trailing for Q2 (0.3%...
UK saving rate down to lowest level since Q3 2008
Jul 03, 2015 06:07 am UTC| Commentary
UK GfK survey jumped to +7 points, the highest level seen in 15 years and the second highest in 18 years. The headline bounce was driven by a broad-based rebound, as components such as a saving opportunity or major...
UK consumer credit growing at 7.2%y/y
Jul 03, 2015 05:58 am UTC| Commentary
The April Lending Report showed a surprise fall in mortgage approvals (down to 64.4k from a downwardly revised 14 month high of 67.6k), contradicting BBA data released earlier showing further pickup. Meanwhile, net lending...
ECB does not pull ELA plug for Greece
Jul 03, 2015 05:48 am UTC| Commentary
The ECB did not pull the ELA plug, as expected. Otherwise, the consequences would be a collapse of the Greek banking sector, plunging the country into an even more chaotic situation, and forcing the Greek government to...
Malaysia: Lower oil prices’ impact on the trade balance
Jul 03, 2015 05:47 am UTC| Commentary
Malaysias trade surplus was manageable in May and exports fell. The softness in trade is a direct result of lower crude prices and their impact on LNG prices, a dynamic that is starting to feed through to exports.Q2 is...
Eurozone's final services PMI to suggest fastest growth for 4 years
Jul 03, 2015 05:46 am UTC| Commentary
The flash euro area services and composite PMIs, published last week, were 54.4 and 54.1 respectively - both at four-year highs, implying the fastest growth in four years. This was primarily driven by strong outstanding...
Japan's IP on track to turn down q/q in Q2, in line with real exports
Jul 03, 2015 05:35 am UTC| Commentary
The biggest downside surprises relative to Japans previous months METI forecast indices were in general machinery and electronic parts/devices, which also have the highest export ratios among all industries."Industrial...
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