Daily Economic Outlook: 28 April, 2015

Apr 28, 2015 05:14 am UTC| Commentary

Todays UKs highlight is the release of the first estimate of Q1 GDP (0830 GMT). The recent survey evidence, especially the PMIs, has been fairly upbeat and points to the 0.6%q/q Q4 pace of activity being sustained....

BoT to keep policy rate on hold

Apr 28, 2015 02:02 am UTC| Commentary

The Bank of Thailand (BoT) will hold its regular meeting on 29 April. Markets appear to be pricing in a 25bps rate cut to 1.50% at this meeting. This follows the dovish statement by the BoTs Director of Macroeconomic...

Euro area consumer confidence likely dipped in April

Apr 27, 2015 23:04 pm UTC| Commentary

The final euro-area consumer confidence index is expected to match the flash release of -4.6 in April, dropping from -3.7 prior, which was the highest reading since 2007.The main reasons for higher consumer confidence are...

BoJ expected to ease further on 30 April

Apr 27, 2015 22:38 pm UTC| Commentary

The Bank of Japan (BoJ) will hold its second Monetary Policy Committee meeting for April on 30 April, at which it will conduct its semi-annual review of GDP and inflation forecasts.It is expected to lower its inflation...

New Zealand RBNZ likely to keep the cash rate at 3.50% in April

Apr 27, 2015 22:10 pm UTC| Commentary

The Reserve Bank of New Zealand (RBNZ) will announce its monetary policy decision on 30 April. It is expected to keep the cash rate unchanged at 3.50% (in line with consensus) but remain dovish; swap markets price in a 94%...

France driven by buoyant consumption in Q1 15

Apr 27, 2015 21:10 pm UTC| Commentary

A firmer growth is expected in Q1, clocking in at 0.4% qoq, following a modest H214 (0.2%).Goods consumption likely increased by 1.5% qoq in Q1, mainly due to energy consumption but also impressive new car registrations...

Italy very likely to move out of recession in Q1

Apr 27, 2015 20:47 pm UTC| Commentary

The Italian recovery is materializing and Q1 GDP growth should reach 0.2% qoq, turning positive only for the second time since the spring of 2011. This development will likely be attributable to the following factors:1)...