Asia Data Response Korea Trade (1st – 20th Aug.) While exports dropped back a little in the first 20 days of August, we suspect this was mainly due to the impact of widespread flooding at the start of the month. Looking at the data more recently... 21st August 2020 · 2 mins read
Asia Data Response Thailand GDP (Q2) The drop in Thai GDP last quarter was not as huge as some other economies in the region, but Thailand’s dependence on tourism will weigh on the recovery in the quarters ahead and means the economic... 17th August 2020 · 3 mins read
Asia Data Response Malaysia GDP (Q2) Malaysia’s economy contracted by much more than we had expected in Q2, but monthly GDP data suggest that most of the slump had unwound by the end of the quarter. We think the economy will shrink by 5... 14th August 2020 · 3 mins read
Asia Data Response Korea Trade (1st – 10th Aug.) The unexpected slump in Korean exports in the first 10 days of August could just be volatility in the data, but a reversal in the performance of exports to the US suggests the fall at least partially... 11th August 2020 · 2 mins read
Asia Data Response Singapore GDP (Q2) Revised GDP figures confirm that Singapore’s economy collapsed in Q2, but the message from the more-timely data is that a strong recovery is already underway. We expect this rebound to continue... 11th August 2020 · 3 mins read
Asia Data Response Philippines GDP (Q2) The Philippines experienced what is likely to be one of the biggest falls in output anywhere in Q2. A failure to contain the virus, continued restrictions to movement and inadequate policy support... 6th August 2020 · 3 mins read
Asia Data Response Indonesia GDP (Q2) Economic activity in Indonesia collapsed in the second quarter. A failure to contain the virus effectively and inadequate policy support mean the recovery is likely to be one of the slowest in the... 5th August 2020 · 2 mins read
Asia Data Response Manufacturing PMIs and Korea Trade (Jul.) PMIs for Emerging Asia and Korean trade data suggest that the recovery in economic activity across the region is picking up some momentum. That said, the data do not point to the kind of strong... 3rd August 2020 · 3 mins read
Asia Data Response Taiwan GDP (Q2) The 0.7% y/y drop in GDP last quarter was Taiwan’s worst performance since the Global Financial Crisis, but it still represents an unusually strong performance given what’s happening in the rest of... 31st July 2020 · 3 mins read
Asia Data Response Korea GDP (Q2, Provisional) Korean GDP shrank sharply in Q2 on the back of the largest drop in exports since 1963, but output probably bottomed out in the middle of the quarter. The recovery, which is already underway, is set to... 23rd July 2020 · 3 mins read
Asia Data Response Korea Trade (1st – 20th July) Korean trade data for the first 20 days of July suggest that the recovery in exports has continued this month. But the initial rebound has still been weak and the recovery in external demand in the... 21st July 2020 · 2 mins read
Asia Data Response Singapore GDP (Q2, Advanced) Singapore’s economy contracted by the most on record in Q2, but with many restrictions to economic activity now lifted and strong government support, output is set to rebound over the second half of... 14th July 2020 · 3 mins read
Asia Data Response Korea Trade (1st – 10th Jul.) Korean trade data for the first ten days of this month suggest that the recovery in external demand gained a little momentum at the start of July. This should carry on over the coming months, albeit... 13th July 2020 · 2 mins read
Asia Data Response Korea Trade (Jun.) Korean export values nudged up very slightly in June, after collapsing in April and May, but while external demand is probably now past the worst, it is only likely to recover slowly in the coming... 1st July 2020 · 2 mins read
Asia Data Response Manufacturing PMIs (Jun.) The PMIs point to an improvement in manufacturing conditions last month, although many readings are still low and suggest that overall manufacturers continue to struggle. 1st July 2020 · 2 mins read
Asia Data Response Vietnam GDP (Q2) Vietnam’s economy slowed sharply in the second quarter, but the numbers were stronger than expected, and put the economy on course to be one of the few countries in the world to grow this year. 29th June 2020 · 2 mins read
