Daily Economic Outlook: March 12th, 2015
May 12, 2015 05:13 am UTC| Commentary
Todays economic calendar kicks off with the release of UK industrial production for March (0830 GMT). Industrial output rose by 0.1% m/m in February following monthly falls of 0.2% and 0.1% in December and January...
Philippines exports rebound following easing of port congestion
May 12, 2015 02:10 am UTC| Commentary
Exports rebounded more strongly than expected in March, with shipments up 7.4% m/m sa. This followed a more modest recovery of +4.6% m/m sa in February, though exports still remain some 12.1% below the recent peak reached...
China’s monetary policy easing should lower financing costs
May 11, 2015 22:02 pm UTC| Commentary
The broad-based 25bps interest-rate cut announced on 10 May signals that the Peoples Bank of China (PBoC) is maintaining a prudent monetary policy stance with an easing bias to stabilise growth.The rate cut should help...
China’s April growth indices were likely weak
May 11, 2015 21:44 pm UTC| Commentary
The market keenly awaits Chinas April growth indicators (due 13 May) and monetary indicators (due 12-15 May).IP growth is expected to have improved to 6.0% y/y in April from 5.6% in March, but weak new orders likely kept...
Ghana's monetary policy committee likely to hold prime rate at 21%
May 11, 2015 21:26 pm UTC| Commentary
The Bank of Ghana (BoG) is expected to hold its prime rate steady at 21% when it announces its interest-rate decision on Wednesday.Although recent Ghanian cedi (GHS) depreciation will likely add to inflationary pressure,...
Euro area GDP expected to have been buoyant in Q1
May 11, 2015 21:17 pm UTC| Commentary
The euro area likely registered its fastest GDP growth since 2011 in Q1-2015; 0.5% q/q is expected. The recovery was likely broad-based, with consumption and net trade likely contributing the most to growth.That said,...
Japan's current account surplus likely reached a record high in March
May 11, 2015 21:07 pm UTC| Commentary
Japan will release March current account (C/A) data on 13 May. A current account surplus of JPY 1.96tn is expected, the highest since October 2010.The current account surplus tends to be high in March owing to seasonal...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects