Asia Data Response

Philippines GDP (Q2)

The continued weakness of growth means that the central bank will likely opt for a more aggressive 50bp policy rate cut this afternoon. And while growth should recover from here, don’t expect a strong...

8th August 2019 · 3 mins read

Asia Data Response

Indonesia GDP (Q2)

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 close to this rate in the second...

5th August 2019 · 3 mins read

Asia Data Response

Manufacturing PMIs (Jul.)

PMI readings for Emerging Asia were slightly more positive at the start of Q3, but the big picture is that they remain low by past standards and there are few signs of a meaningful turnaround yet.

1st August 2019 · 2 mins read

Asia Data Response

Korea Trade (Jul.)

Korea’s trade data suggest that a meaningful recovery in the external environment remained elusive at the start to the second half of the year, with weakness in the technology sector and slowing...

1st August 2019 · 2 mins read

Asia Data Response

Taiwan GDP (Q2)

GDP growth in Taiwan rebounded strongly last quarter, thanks mainly to a surprise acceleration in export growth. But with headwinds to the economy mounting, we don’t expect the recovery to last.

31st July 2019 · 2 mins read

Asia Data Response

Korea GDP (Q2)

The strength of growth in Q2 more than offset the contraction in Q1, but with the economy still likely to face large external headwinds in the second half of this year, a sustained upturn is unlikely.

25th July 2019 · 3 mins read

Asia Data Response

Singapore GDP (Q2 Advanced)

The advanced estimate of Singapore’s GDP suggest the economy performed very poorly last quarter. Although the economy should start to pick up a little over the coming quarters, helped by looser fiscal...

12th July 2019 · 3 mins read

Asia Data Response

Philippines CPI (Jun.)

The renewed drop in inflation in June is likely to continue as the headline rate is dragged down by falling food and fuel price inflation, providing a green light for the central bank to cut rates in...

5th July 2019 · 3 mins read

Asia Data Response

Korea Trade, Manufacturing PMIs (June)

Very weak trade data for Korea and the fall in the manufacturing PMIs in June suggest that economic conditions deteriorated at the end of last quarter. After a weak Q1, GDP growth looks unlikely to...

1st July 2019 · 3 mins read

Asia Data Response

Vietnam GDP (Q2)

Vietnam’s economy grew strongly in the second quarter of the year and the economy is likely to perform well over the coming year, helped by booming exports to the US.

28th June 2019 · 2 mins read

Asia Data Response

Sri Lanka GDP (Q1)

GDP growth in Sri Lanka accelerated in the first quarter of the year, but with tourism arrivals collapsing following the Easter Sunday terrorist attacks, growth is likely to slow sharply this year.

19th June 2019 · 1 min read

Asia Data Response

Philippines Current Account (Q1), Remittances (Apr.)

The current account deficit of the Philippines widened again last quarter and is likely to remain a key source of vulnerability over the coming year.

17th June 2019 · 1 min read

Asia Data Response

Philippines CPI (May)

The unexpected uptick in inflation in May mainly reflected temporary factors and is unlikely to preclude further rate cuts from the central bank. We are sticking with our forecast for two more cuts in...

5th June 2019 · 1 min read

Asia Data Response

Manufacturing PMIs, Korea Trade (May)

Weak PMI readings and the deterioration in Korea’s export data suggest that the regional economy is likely to have endured another quarter of disappointing growth in Q2, dashing hopes of a quick...

3rd June 2019 · 1 min read

Asia Data Response

Thailand GDP (Q1)

GDP growth in Thailand slowed to a four-year low in the first quarter of the year, and with exports set to remain weak, we expect growth to stay subdued. The uncertain political situation is the main...

21st May 2019 · 1 min read