Recent surge in Japan industrial production unlikely to continue
Mar 24, 2015 18:15 pm UTC| Commentary
According to the flash estimate, the headline manufacturing PMI dropped from 51.6 in February to 50.4 in March, the second straight decline. (Data released on Tuesday.) The result was below expectations.Capital Economics...
Germany’s Ifo index will probably point to a continued recovery
Mar 24, 2015 18:09 pm UTC| Commentary
Capital Economics notes as follows .... We expect the German Ifo index (09.00 GMT) to have risen for the fourth consecutive month in March, adding to signs that the German recovery continued in Q1. Admittedly, there is...
US durable goods orders are likely to have fallen in February
Mar 24, 2015 18:07 pm UTC| Commentary
Capital Economics notes as follows .... Incoming data suggest that poor weather in the Midwest and Northeast had a significant impact on activity last month, which is likely to have also affected durable goods orders...
Hungary inflation will remain well below the 3% target, giving space for NBH to cut further
Mar 24, 2015 17:41 pm UTC| Commentary
The National Bank of Hungary (NBH) cut its base rate by 15bp to 1.95%. After eight months being on hold, the NBH has re-initiated a cutting cycle.Since then, CPI entered an extended period of deflation. The main factors...
Mar 24, 2015 17:19 pm UTC| Commentary
TD Economics notes in a report as follows .... Global economic growth disappointed last year. Lower oil prices and stimulus measures across much of the world will help lead to a modest pickup this year. From 3.3% in...
Mar 24, 2015 17:15 pm UTC| Commentary
TD Economics notes in a report as follows .... In a pattern similar to last year, unseasonably cold weather and record snowfall in parts of the country combined to slow economic activity at the start of this year. As it...
Mar 24, 2015 17:12 pm UTC| Commentary
TD Economics notes in a report as follows: As crude oil prices continue to fluctuate, the knock-on effects of their sharp decline since last autumn on the real economy and job market are expected to be felt for the...
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