Technical recession confirmed in Japan; little impact on monetary policy

Nov 16, 2015 02:49 am UTC| Commentary Economy

The 3Q GDP reported a 0.8% (QoQ saar) contraction this morning. This is the second consecutive quarter of decline, confirming that the economy has slipped into a technical recession. Investment and inventories were the...

Eurozone 3Q GDP growth runs out of steam

Nov 16, 2015 02:31 am UTC| Commentary Economy

According to advance estimates, the Eurozone economy expanded 0.3% (QoQ, sa) in 3Q15 slowing from 0.4% in 2Q. This translated to 1.6% YoY pace, in line with the expectations but slightly slower than consensus at 1.7%....

New Zealand Q3 2015 retail sales up 1.6%

Nov 16, 2015 01:55 am UTC| Commentary Economy

After pausing for air in June, retail sales growth rebounded in September. Over the quarter, the volume of goods sold was up a solid 1.6%, leaving sales up 5.7% over the year. Looking into the details of the report,...

Statistic base effects to support Poland's Q3 data

Nov 13, 2015 07:51 am UTC| Commentary Economy

In Poland, far weaker growth is observed in the retail sales in recent months, both in nominal and real terms. In industrial production, a moderate growth was seen, which is modestly better than that of Q2. We expect...

Hungary may be benefited more on a relative basis

Nov 13, 2015 07:33 am UTC| Commentary Economy

European Central Banks QE extension will be supporting the CEE bonds, but it might help Hungary more on a comparative basis, when idiosyncratic risk prevails elsewhere. HUF assets risk premium is expected to be reduced...

Consumption leads French GDP growth

Nov 13, 2015 06:32 am UTC| Commentary Economy

In France, goods consumption, which shares 50% of total consumption posted a solid growth rate of 0.7% qoq in Q3. The industrial output inched up by 0.4% qoq at the same time.The Q3 GDP of the economy is expected to grow...

US federal deficit likely to remain at current levels in Q4

Nov 13, 2015 05:29 am UTC| Commentary Economy

US Treasury released its monthly federal budget balance statement for October, in which a deficit of $137bn was reported. This is modestly above the consensus expectations of $132bn. When compared to same period last...