Singapore’s economic growth likely to surprise on upside in Q2; dynamics unlikely to sustain

Jul 11, 2016 11:50 am UTC| Commentary Economy

Singapores second quarter advance GDP estimates might possibly surprise on the upside due to the sharp rise in FX market turnover and significantly stronger than anticipated Mays NODX data, noted ANZ in a research report....

Brazil’s inflation eases in June; remains well ahead of central bank target

Jul 11, 2016 11:41 am UTC| Commentary Economy

Consumer prices in Brazil eased in June, remaining well above the targeted rate of inflation by the central bank. It remained almost double of what the central bank of Brazil had targeted, strictly because of rise in food...

German, French final HICP inflation in June likely stayed same as flash estimate

Jul 11, 2016 10:30 am UTC| Commentary Economy

Germany final HICP inflation is unlikely to show any changes from its flash estimate. The final HICP inflation is expected to come in at 0.2 percent year-on-year, noted Societe General, confirming the flash estimate. The...

Bank Indonesia predicts GDP to remain muted on weakness in household consumption

Jul 11, 2016 09:59 am UTC| Commentary Economy

Bank Indonesia (BI), in its recent analysis of the Indonesian economy predicted growth to remain muted in the second quarter of this year, as household consumption spending has not improved markedly yet, as reflected by...

Norway’s consumer price index surprises on the upside in June; inflation likely to slow in H2

Jul 11, 2016 09:54 am UTC| Commentary Economy

Norways consumer price index rose 0.6 percent in June month-on-month, whereas on a year-on-year basis, the consumer price inflation was 3.7 percent in June, a rise of 0.3 percentage points from May, stated Statistics...

Danish inflation accelerates in June on increased services prices

Jul 11, 2016 09:50 am UTC| Commentary Economy

Denmarks inflation accelerated 0.3 percent year-on-year in June, coming in above consensus projection of 0.2 percent. Meanwhile, core inflation rose 0.8 percent in the month, mainly due to increased prices on services....

Italy’s industrial production sinks deeper than expected in May

Jul 11, 2016 09:45 am UTC| Commentary Economy

Industrial production in Italy during the month of May sank deeper than the markets had expected, making conditions worse for Prime Minister Matteo Renzi to put the economy on a stable footing, especially after the Brexit...