Chinese Credit Data Give Room for PBOC to be Proactive in Q3
Yesterday, PBOC released data which show a credit slowdown in June. Aggregate financing, the PBOC’s broadest measure of credit that includes bond sales, entrusted loans and bankers’ acceptance bills,...
View ArticleEurozone Recovery Could Take Place in Q3 2013
According to the PMIs’ surveys published this morning, Eurozone business activity resumed modest growth in July for the first time since the start of 2012. More from Reuters: Euro zone private...
View ArticleSpanish Q2 GDP Supports the Scenario of an Eurozone Recovery
The Spanish economy is finally about to return to growth, with official estimates showing that GDP fell by only 0.1% in Q2 2013 – the slowest rate of decline in almost two years. These data were in...
View ArticleEurozone Q2 GDP Forecasts: Last Update
Since our last update, several German and French officials confirmed that the two largest economies grew in Q2 and even gave some indications regarding second-quarter figures: 1/ The German economy...
View ArticleBOI Quarterly Economic Bulletin: Italian Growth Stabilized in Q3 and Might...
After declining by 0.6% and 0.3% QoQ in Q1 and Q2, BOI Quarterly Economic Bulletin notes that last opinion surveys indicate that Italian growth stabilized in Q3 and should rebound in Q4. This...
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The Spanish GDP Rebounded in Q3 after Nine Quarters of Contraction
Spain emerged from a two-year recession in the third quarter. Growth was driven by overseas sales as domestic demand fell 0.3%, the Bank of Spain said today. The decline in investment slowed and...
View ArticleEurozone Q3 GDP Forecasts
Several indicators which can be used to forecast Eurozone Q3 GDP were published this week: 1/ Belgian economy grew 0.3% QoQ in Q3 (strongest since Q1 2011). 2/ Spanish GDP increased 0.1% QoQ in Q3...
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