Asia Data Response

Korea Trade (Mar.)

Korean trade figures held up surprising well in March but given collapsing global demand this is unlikely to continue. We expect a sharp contraction in export values in the next few months.

1st April 2020 · 2 mins read

Asia Data Response

Manufacturing PMIs (Mar.)

The manufacturing PMIs for Asia suggest that industry has been hit hard by the coronavirus, and we suspect the readings will deteriorate much further in the next couple of months.

1st April 2020 · 2 mins read

Asia Data Response

Singapore GDP (Q1, Advanced)

The sharp contraction in Singapore’s economy in Q1 was deeper than expected, and with global growth collapsing, the worst is yet to come. Given today’s outturn, we are lowering our 2020 GDP growth...

26th March 2020 · 3 mins read

Asia Data Response

Korea Trade (1st – 20th Mar.)

There are signs that trade has recovered somewhat from the shock of Chinese factory shutdowns, with both exports and imports bouncing back over the first 20 days of March. But with the world economy...

23rd March 2020 · 2 mins read

Asia Data Response

Korea Trade (1st – 10th Mar.)

Korean trade data for the first 10 days of March suggest that the disruption from factory closures in China to regional industry eased recently, although both imports and exports remain depressed.

11th March 2020 · 2 mins read

Asia Data Response

Manufacturing PMIs (Feb.)

PMI readings for Asia are likely to have understated the disruption to industry from factory shutdowns in China, and the recent rise in coronavirus cases outside of China means that worse may be yet...

2nd March 2020 · 2 mins read

Asia Data Response

Korea Trade (Feb.)

Growth in Korean trade in February masks underlying weakness. Trade with China shrank sharply due to disruption from the coronavirus, and there were few signs of strength elsewhere.

2nd March 2020 · 2 mins read

Asia Data Response

Korea Trade (1st – 20th Feb.)

Korean trade data for the first 20 days of February add to the evidence that factory closures in China are disrupting local industry.

21st February 2020 · 3 mins read

Asia Data Response

Thailand GDP (Q4)

Figures published today reveal that Thailand’s economy was in a poor state, even before the coronavirus hit. With tourist arrivals collapsing and the disruption from factory closures in China likely...

17th February 2020 · 3 mins read

Asia Data Response

Malaysia GDP (Q4)

GDP growth in Malaysia slowed again in Q4 and the disruption to trade and tourism flows from the coronavirus outbreak is likely to cause a much sharper downturn this quarter. The Prime Minister’s...

12th February 2020 · 3 mins read

Asia Data Response

Korea Trade (1st – 10th Feb.)

Korean trade data serve as a good bellwether for the rest of the region and figures for the first 10 days of February suggest that factory closures in China are disrupting regional industry.

11th February 2020 · 3 mins read

Asia Data Response

Manufacturing PMIs and Korea Trade (Jan.)

PMIs for Emerging Asia (ex. China) and Korean trade data were mostly unchanged in January, but neither give a good indication of how the coronavirus has hit the regional economy most recently. With...

3rd February 2020 · 3 mins read

Asia Data Response

Philippines GDP (Q4)

GDP growth picked up pace again in the final quarter of last year, but with the big boost from government spending likely to fade this year, we think this will be as good as it gets.

23rd January 2020 · 3 mins read

Asia Data Response

Korea GDP (Q4, provisional)

GDP growth rebounded more strongly than expected at the end of last year, and the economy should continue to stage a recovery over the coming quarters. The strong outturn in Q4 means we no longer...

22nd January 2020 · 3 mins read

Asia Data Response

Taiwan GDP (Q4)

Taiwan’s economy picked up steam again last quarter, and with the economy continuing to benefit from the trade war, we expect growth to remain strong throughout 2020.

21st January 2020 · 3 mins read