UK March industrial production stronger than expected
May 12, 2015 21:09 pm UTC| Commentary
United Kingdom March industrial production data were stronger than expected (+0.5% m/m; consensus flat), though this largely reflected a bounce in oil and gas production with manufacturing output close to expectations.The...
May 12, 2015 20:37 pm UTC| Commentary
The flash estimate is expected to reveal growth of 0.5% q/q, as a confluence of supportive tailwinds propel the recovery to its fastest pace since 2011.There will be limited details accompanying this first release, but it...
Decline in inflation likely to support further CBR rates cuts
May 12, 2015 18:21 pm UTC| Commentary
The stabilisation of financial markets in Russia is leading to a rapid decline in inflation, which has been running at a rate of about 8% per annum in April-May 2015. This has caused the CBR to cut rates aggressively from...
Russia trade surplus remains elevated due to import compression
May 12, 2015 18:05 pm UTC| Commentary
Russias trade surplus expanded in March to USD15.0bn from USD13.6bn in February. However, on a 12-month rolling basis the surplus has declined to USD183bn from a peak of nearly USD200bn in mid-2014.The main factor behind...
U.S. retail sales values probably recorded a modest gain in April
May 12, 2015 16:40 pm UTC| Commentary
According to Capital Economics, retail sales values (13.30 BST) in the US probably recorded a gain of only 0.2% m/m in April. Manufacturers data show that light motor vehicle sales dropped in April.Excluding autos, we...
GDP growth in the euro-zone probably rose slightly in Q1
May 12, 2015 16:29 pm UTC| Commentary
GDP growth is set to have slowed in Germany (07.00 BST) and the Netherlands (08.30 BST) after a strong end to 2014. But Frances GDP growth (06.30 BST) probably accelerated and the Italys economy (09.00 BST) may have just...
Q1 contraction adds downside risks to Mexican economy
May 12, 2015 15:39 pm UTC| Commentary
Industrial production remained flat in March, mostly driven by a recovery in the construction activities (3.0% m/m sa) offset by monthly contractions in manufacturing (-1.0%) and mining output (-1.6%). In annual terms IP...
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