US pending home sales data suggests softness in Q4 home sales

Dec 01, 2015 04:08 am UTC| Commentary Economy

US October pending home sales edged up slightly by 0.2% month on month, a more strong rebound was expected against the consecutive declines in past two months. 1.0% was expected by market consensus. There is an increase...

Japan's domestic demand still lackluster

Dec 01, 2015 02:59 am UTC| Commentary Economy

Yesterdays data showed that retail sales rose notably in Oct (1.1% MoM sa). But the household expenditures index posted a further decline during the same month (-0.7%). The latter is a better indicator measuring domestic...

India's July-September GDP not a game-changer for today’s RBI review

Dec 01, 2015 02:33 am UTC| Commentary Economy Central Banks

Indias growth maintained its spot as amongst the fastest in the region. Real GDP growth rose to 7.4% YoY in 3Q 2015 (second quarter FY15/16) in line with expectations and higher than 7% the quarter before. The underlying...

Loan growth sank back into the red in Singapore

Dec 01, 2015 02:06 am UTC| Commentary Economy

Singapore loan growth sank back into the red. After four encouraging months of expansion, growth in overall loans and advances has dipped into negative level again. Latest October loan growth reported a contraction of 0.4%...

Domestic demand remains the key driver in South Korea

Dec 01, 2015 01:38 am UTC| Commentary Economy

South Koreas domestic demand is gathering pace thanks to the stimulus effects of monetary and fiscal policy easing. Retail sales registered a very strong rise of 3.1% (MoM sa) in Oct. Consumer confidence index picked up...

Canada's business sector still soft

Dec 01, 2015 00:38 am UTC| Commentary Economy

After a solid rebound in 2Q, Canadian corporations operating profits fell 5.4% in 3Q and are down 10.4%oya. Although the oil and gas extraction industry did contribute an outsized share of the overall 3Q decline, weakness...

US real GDP growth for 3Q15 revised up to 2.1% on much stronger inventories

Dec 01, 2015 00:27 am UTC| Commentary Economy

The governments estimate of 3Q15 real GDP growth was revised up to 2.1% saar (from 1.5%). But, as expected, an upward revision to inventory accumulation to $90 billion saar (from $57 billion) accounted for the entire GDP...