Global economy has made a disappointing start to 2015

Apr 23, 2015 16:12 pm UTC| Commentary

Business surveys released today suggest that the worlds four largest economies slowed in April. But global growth has not collapsed.The US Markit manufacturing PMI fell in April, possibly reflecting the headwind from the...

Mexico inflation can absorb additional MXN depreciation

Apr 23, 2015 15:49 pm UTC| Commentary

Mexico CPI decreased 0.45% 2w/2w in the first fortnight of April, owing to the seasonal adjustment of electricity tariffs and a reduction in tourism services. The surprise came from additional price declines in perishable...

Pace is sluggish but the trend in U.S. new home sales is still higher

Apr 23, 2015 15:32 pm UTC| Commentary

U.S. new home sales took a dive last month. The worse-than-expected 11.4% drop to 481,000 annualized units (lowest in four months) was the largest % decline since July 2013. The March drop follows three consecutive monthly...

IGAE report confirms that the Mexican economy decelerated in Q1

Apr 23, 2015 15:11 pm UTC| Commentary

The Mexican economy did not grow in February as the GDP proxy for this month reported 0.0% m/m sa, driven by a very timid expansion in industrial activities and no growth in the services sector."We are expecting IP to have...

Euro area PMIs provide evidence of still fragile growth

Apr 23, 2015 08:53 am UTC| Commentary

The Composite Purchasing Manager Index (PMI) fell in April underlining that the growth momentum in the Euro area still is fragile. Confidence both in the services sector and the manufacturing sector dropped. The weaker...

Singapore headline inflation to remain negative in Q2

Apr 23, 2015 08:48 am UTC| Commentary

Singapores inflation held steady at -0.3% y/y in March - stronger than expectations - while core inflation fell back to 1.0% from 1.3%, marginally weaker (headline - consensus: -0.5%; core - consensus : 1.1%). The main...

US new home sales to correct in March, but remain on a strong trend

Apr 23, 2015 05:45 am UTC| Commentary

US new home sales surged unexpectedly by 7.8% mom in February despite severe temperatures in many parts of the country. This one-month increase is regarded as excessive and some moderation is expected in March.Market...