Philippines remittances recovery loses momentum
Jun 15, 2015 09:32 am UTC| Commentary
The Philippines remittances recovery stalled in April, following a strong rebound in March. While remittances - which are reported in USD - continue to be weighed by the near 20% decline in EURUSD over the past year,...
India posts negative inflation in May
Jun 15, 2015 09:22 am UTC| Commentary
Indias WPI data released on Monday stood at -2.63%, is the lowest for 7th consecutive month. Despite higher prices of pulses, the food inflation was low, at 3.8%. Fuel price reduced to 10.5% and manufacturing prices...
US May IP data may show positive growth in manufacturing
Jun 15, 2015 08:04 am UTC| Commentary
Drop in oil price, appreciating US dollar, and mixed global demand, created unfavourable environment for the US industrial sector in past few months. As a result, industrial production could able to post only 1.9%y/y...
UK's CPI inflation likely to rebound to 0.0%
Jun 15, 2015 07:18 am UTC| Commentary
UKs CPI inflation data is likely to be released on 16th June. The CPI inflation is expected to move up to 0.0% in May, which was slipped into negative territory in April with a -0.1%y/y growth, estimates Standard...
Japan’s trade deficit likely widened in May despite higher export growth
Jun 15, 2015 06:51 am UTC| Commentary
Japan is set to release May trade data on 17 June, expecting 10% y/y growth. This may be result of increase in export growth to the US. Imports, in contrast, likely to remain sluggish in May, say Standard Chartered....
US may experience higher inflation
Jun 15, 2015 06:05 am UTC| Commentary
US gasoline prices have raised 10% mom in May. "After a small seasonal adjustment, the SA index is expected to show a 9.8 percent growth. Core CPI expected to increase at 0.2% as food and energy are likely to boost...
US housing starts to decline modestly after an April surge
Jun 15, 2015 05:13 am UTC| Commentary
Increase in household formations and related drop in the vacancy rate might have caused the US residential investment activity to surge. Household formations are currently running near 1.5mln per year indicates demand for...