Q1 15 euro-area GDP breakdown to show a consumption-led recovery
Jun 05, 2015 06:59 am UTC| Commentary
The second estimate of euro-area GDP is expected to confirm the first estimate of 0.4% qoq and 1.0% yoy. Consumption rose 0.4% qoq in Q1 15. In terms of GDP components, the 2015 cyclical recovery is mainly being driven by...
German's factory orders still looking for direction
Jun 05, 2015 06:51 am UTC| Commentary
In April, factory orders is expected to rise by a weak 0.2% mom, following a 0.9% increase in March."While foreign orders should drop sizeable due to the 4.3% bounce in March, domestic orders should recover equally...
Czech Republic's retail sales should erase March’s loss
Jun 05, 2015 06:39 am UTC| Commentary
Czech retail sales (excluding cars) should add 1.1% mom (SWDA) in April, confirming strong consumer demand. Although consumer confidence in April decreased to its low since November of last year, Continuous improvements is...
UK's inflation expectations to fall again
Jun 05, 2015 06:24 am UTC| Commentary
Since the last survey taken in the first half of February, UKs rate of inflation has fallen further from 0.3% yoy in January to -0.1% yoy in April, which should be reflected in expectations. The fall to 0% in February was...
Mexican consumer confidence likely to have recovered in May
Jun 05, 2015 06:17 am UTC| Commentary
The decline in Mexican consumer confidence in April was probably a result of a loss of growth momentum in Q1. However, with low inflation helping real wage growth and the growth outlook staying positive despite the Q1...
Soft external demand depressing Taiwan's foreign trade
Jun 05, 2015 06:02 am UTC| Commentary
Taiwans exports declined faster at -11.7% yoy in April after -8.9% yoy in March, while imports remained in deep contraction (-22.1% yoy after -17.8% yoy). The negative base effects of commodity prices were only part of the...
China's trade stuck in contraction
Jun 05, 2015 05:51 am UTC| Commentary
Chinas both exports and imports is expected to contract yoy again in May. For exports, the sharp contraction in March caused very negative carry-over effects for the data in the following months. In April, the mom rate was...
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