Thursday, April 27 2017 | ASIA TODAY INTERNATIONAL - Reporting the Business that Matters in Asia
Updated: 3 hours 23 min ago
Residential sales declined in October and maintained the tone of moderation observed in previous months. Despite this, annual growth trends are positive and residential demand drivers remain strong. On the other hand, the House Price Index (IPV) ticked up again in the third quarter, and new residential permits rebounded in October.
Law delimits Reverse Mortgage rates below the average mortgage rate. Trust in charge of SEDESOL-CDMX will be an option for pensioners. Loans can not be less than 70% of the value of the property
The industrial production (IP) grew by 2.7% (WDA YoY) in November, slightly below the market median call (3.6%). Positive IP growth in October-November period confirms our expectations of a modest recovery in 4Q.
What will we be talking about in 2017? In macroeconomic terms, 2017 will be the fourth consecutive year of growth, and the consensus seems to point unanimously to a slowdown, although activity will be sufficiently dynamic to continue reducing some of the major imbalances in the Spanish economy.
Weekly economic update focusing on the data to be released the week of January 9, 2017. Special topic: income disparity, technology and globalization.
If the president elect were to impose such restrictions, he would a) pass a law obliging financial institutions to verify the immigration status of customers sending remittances, which would no doubt affect remittances by undocumented immigrants, and b) seek to impose some form of duty on sending of remittances from the US to Mexico and possibly to Latin America as a whole
Financial stress for DM remains contained with positive sentiment of equity investors. International debt securities issuance during 3Q 2016, at $1.4 trillion, was 10% lower than in the previous quarter. In EMEs, net borrowing on international securities markets in Q3, at $83 billion, was 35% below that of the previous quarter