Brazil's growth pace decelerates further and has yet to bottom out

Mar 16, 2015 08:59 am UTC| Commentary

The economic activity index shows that supply-side growth in Brazil fell to -0.1% in 2014versus 3.2% in 2013 (GDP growth in 2013 came in at 2.5%).More importantly, the index suggests that growth decelerated further in H2...

Polish Industrial output growth to accelerate in February

Mar 16, 2015 08:46 am UTC| Commentary

Societe Generale notes the following in a report on Monday... We expect Polish industrial output growth to have increased to 2.5% yoy in February from 1.7% in January. In monthly terms, we estimate a decrease of 1.0%....

Polish gross wage growth likely to have slowed down in February

Mar 16, 2015 08:44 am UTC| Commentary

Societe Generale notes the following in a report on Monday... We anticipate a decline in average gross wages to 3.2% yoy in February from 3.6% in January, while, in monthly terms, wages should increase by 0.9%. Growth...

Low inflation ought not to influence BI's monetary policy

Mar 16, 2015 08:41 am UTC| Commentary

With the continued fall in crude prices and concomitant reduction in domestic motor fuel prices pulling down these prices virtually to the same level as the pre-hike level, the BI no longer felt the need for a tighter...

UK public finances continue to improve

Mar 16, 2015 08:35 am UTC| Commentary

Coming only a day after the UK Budget, this release will attract much less interest than usual.The OBRs updated forecasts for the 2014-15 fiscal year will include implied figures for February and March combined so the...

MPC minutes more dovish

Mar 16, 2015 08:33 am UTC| Commentary

The key features in the month up to the last MPC meeting were the fall in inflation and the associated continued appreciation of sterling.Looking at the latest speech from Mark Carney, he seems to be placing increasing...

Further large falls in the U.K claimant count

Mar 16, 2015 07:06 am UTC| Commentary

Societe Generale notes as follows on Monday: The U.K unemployment rate continues to fall apace, now standing at 5.7%. It should stay there in this months release but the claimant count rate should fall from 2.5% to...