Asia Data Response Manufacturing PMIs (Dec.) PMIs for Emerging Asia (ex. China) improved slightly in December, which is consistent with our view that while regional growth remains weak, it has at least bottomed out. 2nd January 2020 · 2 mins read
Asia Data Response Manufacturing PMIs (Nov.) PMIs for Emerging Asia (ex. China) were slightly more positive in November, suggesting that while industry remains weak it is starting to recover. The continued improvement in PMIs for China provides... 2nd December 2019 · 2 mins read
Asia Data Response Korea Trade, CPI (Nov.) The uptick in Korean export growth in November was much weaker than expectations and suggests that external demand remains in the doldrums. Headline inflation was also weaker than expected last month. 2nd December 2019 · 2 mins read
Asia Data Response Singapore GDP (Q3, Revised) The revised estimate of Singapore GDP showed that the economy bounced back a little last quarter, but while we expect this recovery to continue in the quarters ahead, it is likely to be slow going. 21st November 2019 · 3 mins read
Asia Data Response Thailand GDP (Q3) GDP growth in Thailand only managed to nudge up in Q3, and with global growth set to drag on exports we expect the economy to remain sluggish in the quarters ahead. 18th November 2019 · 3 mins read
Asia Data Response Malaysia GDP (Q3) GDP growth in Malaysia slowed in the third quarter, and we think the economy is likely to lose more steam in the quarters ahead due to headwinds from tighter fiscal policy and a weak external... 15th November 2019 · 2 mins read
Asia Data Response Philippines GDP (Q3) The jump in growth in Q3 was mainly driven by temporary factors relating to the delayed 2019 budget. Once this distortion drops out, we expect growth to settle at around 6.0% as a tough external... 7th November 2019 · 3 mins read
Asia Data Response Indonesia GDP (Q3) GDP growth in Indonesia has been suspiciously stable at around 5% over the past five years, and it was no surprise that it recorded another quarter of growth at this rate in the third quarter. Our... 5th November 2019 · 3 mins read
Asia Data Response Manufacturing PMIs (Oct.) PMIs for Emerging Asia (ex. China) softened slightly last month and continue to suggest that industry remains weak. The PMIs for China gave mixed signals, but on balance provide some hope for a pickup... 1st November 2019 · 2 mins read
Asia Data Response Korea Trade, CPI (Oct.) Korean exports fell sharply again in y/y terms last month, but the sector is in better health than the headline data suggest. Meanwhile, Korea exited deflation in October and inflation should continue... 1st November 2019 · 2 mins read
Asia Data Response Taiwan GDP (Q3) Taiwan’s economy continued to perform strongly last quarter, thanks mainly to an acceleration in government spending and strong export growth. The outperformance of the economy is the main reason why... 31st October 2019 · 2 mins read
Asia Data Response Korea GDP (Q3, provisional) GDP growth was sluggish in Q3, but looser fiscal and monetary policy should help the economy to regain some momentum in the quarters ahead. With external headwinds set to remain, the rebound in growth... 24th October 2019 · 3 mins read
Asia Data Response Korea Trade, Manufacturing PMIs (Sep.) Downbeat trade data for Korea and weak regional manufacturing PMIs suggest that GDP data for last quarter are likely to be subdued again in most places, but there were some signs of improvement at the... 1st October 2019 · 3 mins read
Asia Data Response Korea Consumer Prices (Sep.) Despite headline inflation in Korea dropping further into negative territory in September, we don’t think there is much risk of a damaging period of prolonged deflation. 1st October 2019 · 2 mins read
Asia Data Response Korea Trade, Manufacturing PMIs (Aug.) Weak trade data for Korea and the weakness of regional manufacturing PMIs in August suggest that economic conditions failed to improve in the middle of this quarter. While we suspect that regional GDP... 2nd September 2019 · 3 mins read
Asia Data Response Thailand GDP (Q2) GDP figures released today for the second quarter show that growth in Thailand slowed sharply to an almost five-year low. With weak global demand and a downturn in the tourism sector likely to drag on... 19th August 2019 · 2 mins read
