Japan's trade balance likely turned negative again in April

May 21, 2015 22:48 pm UTC| Commentary

Japan will release April trade data on 25 May. Exports and imports are expected to have grown 5% and 1.5% y/y. The trade balance likely turned to a deficit of JPY 504bn from the March surplus of JPY 227.4bn.Exports to the...

Taiwan – Slower IP growth expected in April on weak export sales

May 21, 2015 22:13 pm UTC| Commentary

Taiwan is scheduled to release April industrial production (IP) data on 25 May. April IP growth likely slowed to 1.2% y/y from 6.49% in March - marking the softest monthly y/y gain since early 2014 on weak external...

Singapore – Prices may have continued to fall in April

May 21, 2015 21:41 pm UTC| Commentary

Singapore will announce April inflation numbers on 25 May. The headline number is expected to remain in deflation territory for the sixth consecutive month at -0.3% y/y, similar to the March reading.Transport and housing...

Canada - A flat GDP growth expected in Q1-2015; still see a Q2 contraction

May 21, 2015 21:24 pm UTC| Commentary

Canadas economy is slowing as headwinds from the oil-price shock persist. Q1 GDP growth (released on 29 May) is expected to have been flat q/q, slowing from 2.4% in Q4.GDP growth for January and February was -0.2% m/m and...

Asia manufacturing data to remain a mixed bag

May 21, 2015 21:10 pm UTC| Commentary

Manufacturing data in Asia could remain a mixed bag. In Taiwan, industrial production (IP) slowed to 1.2% y/y in April - the softest since early 2014 - from 6.5% in March.Singapores April manufacturing activity could have...

US Q1 GDP could be revised to negative; Q2 bounce looks shallow

May 21, 2015 21:04 pm UTC| Commentary

In the US, Q1 GDP growth could be revised to negative territory in the second print, which could further fuel debate about winter-related seasonal adjustment issues.The statistics agency has said the seasonal adjustment...

Negotiations between Greece and euro area to remain in the spotlight

May 21, 2015 20:58 pm UTC| Commentary

With the negotiations between Greece and the rest of the euro area at an impasse, an impatient German Chancellor Merkel has warned that an agreement must be reached before the end of the month.Meanwhile, some Greek...