Research: Flash German Hicp Inflation to Accelerate to 1.8% Yoy in June

Quotes from Societe Generale Cross Asset Research: -German HICP accelerated from 1. 1% yoy in April to 1. 6% yoy in May, on the back of higher food and services inflation.

Although energy prices decelerated on a monthly basis, they benefited from a base effect compared to the same period last year. In June, this base effect should be amplified as we expect a slight increase in energy prices on a monthly basis.


-All other components should remain broadly stable, and the yearly rate should accelerate to 1. 8% yoy (data to be released on 28th June). Looking ahead, we expect HICP inflation in Germany to remain broadly at the same pace until year-end, carried by a continued 3% wage growth.

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2013-6-24 19:07

Источник: news.instaforex.com

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Research: Taiwan's September Ip Growth Likely to have slowed Further

Quotes from Societe Generale Cross Asset Research:


-We expect Taiwan's industrial production to remain in the contraction zone in September after the disappointing reading in August (data to be released on 23rd October). Export orders, which usually lead industrial production by one month or more, disappointed in August, growing by just 0.5% yoy. The September trade data served as another reminder of the painfully slow recovery of the island's economy. 


-Exports contracted sharply by 7% yoy, slowing from +3.6% yoy in August. The base effect certainly played a role, but the underlying trend of external demand also failed to strengthen further. By destination, export growth to China slumped the most to -10.9% yoy from +3.6% yoy in the previous month.


-By goods, the contribution from machineries & electrical equipments (ME) to headline growth fell from +2.5ppt to -0.5ppt. Hence, the chance of getting another soft data point for production seems fairly high. 

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2013-10-21 17:42

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