Asia Data Response Manufacturing PMIs & Korea Trade (May.) Manufacturing PMIs declined in most countries in Emerging Asia. Weak demand and elevated inventory levels are likely to continue to weigh on manufacturing output in Asia over the coming quarters. 1st June 2023 · 2 mins read
Asia Data Response Thailand GDP (Q1) GDP figures released earlier today show the economy bounced back strongly in the first quarter of the year. Provided political stability is maintained, the economy is well placed to grow strongly in... 15th May 2023 · 3 mins read
Asia Data Response Malaysia GDP (Q1) The economy expanded in Q1 but failed to completely offset the decline from the previous quarter. Growth is likely to remain weak over the coming quarters as elevated interest rates and weak external... 12th May 2023 · 2 mins read
Asia Data Response Philippines GDP (Q1) Growth slowed in Q1 and we expect the economy to weaken further over the coming quarters against a backdrop of weak global demand and high interest rates. 11th May 2023 · 3 mins read
Asia Data Response Indonesia GDP (Q1) Economic growth in Indonesia was unchanged at 5.0% y/y in the first quarter of the year, but we think growth will slow over coming months as tight monetary policy and weaker exports drag on activity. 5th May 2023 · 2 mins read
Asia Data Response Manufacturing PMIs, Korea Trade and Inflation (Apr.) A simple average of manufacturing PMIs in Emerging Asia rose slightly in April but this was almost entirely driven by a large jump in Thailand’s headline index to a record high. Weak global demand and... 2nd May 2023 · 3 mins read
Asia Data Response Taiwan GDP (Q1) Taiwan’s GDP contracted sharply in the first quarter of the year, as a slump in exports put the economy into a technical recession. We think the economy will struggle over the coming quarters as weak... 28th April 2023 · 3 mins read
Asia Data Response Korea GDP (Q1) GDP in Korea rose slightly during the first quarter of the year but we think the economy faces a difficult year ahead as high interest rates and weak external demand weigh on output. 25th April 2023 · 3 mins read
Asia Data Response Manufacturing PMIs & Korea Trade (Mar.) Manufacturing PMIs in Emerging Asia dropped back in March, driven by a fall in the new export orders and employment sub-indices. With global growth set to remain weak in the coming quarters, we expect... 3rd April 2023 · 3 mins read
Asia Data Response Vietnam GDP (Q1) Vietnam’s economy slowed sharply in the first quarter and we expect growth to remain weak this year due to the challenging external demand backdrop and the lagged impact of monetary policy tightening. 29th March 2023 · 3 mins read
Asia Data Response Sri Lanka GDP (Q4) GDP figures released today for Sri Lanka highlight the scale of the economic damage caused by last year’s political crisis and debt default. While there are some tentative signs that the worst may be... 15th March 2023 · 3 mins read
Asia Data Response Manufacturing PMIs & Korea Trade (Feb.) Manufacturing PMIs in Emerging Asia rose in February, helped by a rebound in the export orders sub-component. While the data provide the first tentative signs that the worst may be over for the region... 1st March 2023 · 2 mins read
Asia Data Response Thailand GDP (Q4) Thailand’s economy contracted sharply in the final quarter of last year, as a strong recovery in the tourism sector was unable to compensate for weakness elsewhere. Looking beyond the weak fourth... 17th February 2023 · 5 mins read
Asia Data Response Singapore GDP (Q4, final estimate) The economy slowed sharply in Q4 and we expect growth to remain tepid and well below-trend over the coming months as multi-decade high interest rates and weak global demand weigh on prospects. 13th February 2023 · 3 mins read
Asia Data Response Malaysia GDP (Q4) GDP contracted sharply in Q4 2022 and we think the economy will continue to struggle in the coming quarters as high interest rates, weak external demand and tepid consumption activity drag on... 10th February 2023 · 3 mins read
Asia Data Response Indonesia GDP (Q4) Economic growth in Indonesia slowed in the final quarter of last year and further weakness is likely as weak global demand, high inflation and elevated interest rates drag on activity. 6th February 2023 · 2 mins read
