Review South African NAAMSA new vehicle sales dropped by 23.7% y/y , but improved compared to -34.7% y/y in May, suggesting that the worst might be over and some stabilisation has been reached. Yesterday, the European Commission set a deadline for Latvia to bring its budget deficit below 3% of GDP by 2012 . Furthermore the Commission said that the second instalment of EU aid to Latvia would be disbursed in July. Preview Inflation in Turkey is due for release today. We expect inflation to rise
