Big week in terms of economic data releases

This week will be a big one in terms of local economic data releases‚ with balance of trade‚ PMI‚ credit extension and consumer confidence providing insight into aggregate demand dynamics‚ according to Investec economist Kamilla Kaplan. Referring to the release of local balance of trade data on Tuesday‚ Kaplan says both exports and imports are likely to have lifted in May‚ but monthly import growth is likely to have outpaced export growth‚ resulting in a widening of the trade deficit to an esti...