China Rapid Response Official Manufacturing PMI (Sep. 13) The official PMI for September raises further questions about the durability of China’s economic rebound. The headline index only edged up when most had expected a bigger improvement. In addition... 1st October 2013 · 1 min read
Asia Economics Update September PMIs suggest manufacturing may have turned a corner The September PMIs for Emerging Asia show that manufacturing conditions have improved, with the headline number increasing in all six economies. Moreover, a broad-based rise in the new orders... 1st October 2013 · 1 min read
China Economics Update China’s market rally fades China’s financial markets rallied in early September, but momentum has since faded. Meanwhile, the renminbi has remained stable. 1st October 2013 · 1 min read
China Economics Update Foundations weak for a property turnaround Against the backdrop of a strengthening economy, confidence in the prospects of China’s crucial real estate sector has also been heating up recently. But digging a little deeper in this China Watch we... 30th September 2013 · 1 min read
China Data Response HSBC/Markit Manufacturing PMI (Sep. 13) The September HSBC/Markit manufacturing PMI came in a full point weaker than the flash reading released last week. This might be a sign that the economic rebound has stalled, but the shift seems... 30th September 2013 · 1 min read
Emerging Markets Economics Update Quick-fire reforms won’t prevent renewed taper-turbulence Suggestions that policymakers in troubled emerging markets (EM) now have a window of opportunity to reduce external vulnerabilities before the Fed begins to taper miss the point that these countries’... 27th September 2013 · 1 min read
Emerging Markets Activity Monitor Talk of “Great Deceleration” overlooks recent stabilisation Despite recent talk of a “Great Deceleration” in the emerging world, our GDP Tracker suggests that EM growth has stabilised – albeit at a weak pace – over the past few months. 26th September 2013 · 1 min read
China Economics Update Service sector reform edges further forward Recently-implemented tax reforms should remove some of the disadvantages that have slowed the growth of China’s service sector and thereby deepened its economic imbalances. 25th September 2013 · 1 min read
Asia Chart Pack Short-lived relief for India and Indonesia Last week’s surprise decision by the US Fed to delay tapering of its QE programme provided an immediate boost to currencies and equity markets across Asia, including those in two of the region’s most... 24th September 2013 · 1 min read
Emerging Europe Economics Update Few signs of EM inflation pressures Emerging market inflation edged down in August and there’s little evidence to suggest that there will be a significant rise in price pressures over the coming months. 24th September 2013 · 1 min read
China Data Response HSBC/Markit Flash Manufacturing PMI (Sep 13.) The continued pick-up in today’s flash PMI signals that the summer turnaround in China’s manufacturing is continuing to the end of Q3. We continue to doubt that the rebound will last. For now though... 23rd September 2013 · 1 min read
China Economics Update China’s unwelcome rebound Evidence of an economic revival over the summer has settled the nerves of the many China watchers who had been worrying about an imminent crash. Those earlier fears were probably exaggerated, but the... 23rd September 2013 · 1 min read
Emerging Markets Economics Chart Pack Fed brings some relief to EM currencies Financial markets across the emerging world have rallied in the wake of the Fed’s decision to delay QE tapering, easing concerns that several EMs were on the cusp of currency crises. As it happens... 20th September 2013 · 1 min read
Latin America Economics Focus What might China hold in store for Peru and Chile? With fears of a ‘hard landing’ in China receding, the economic outlook for Peru and Chile has brightened a little in recent months. As it happens, both countries appear fairly well placed to deal with... 20th September 2013 · 1 min read
China Activity Monitor Summer surge The Capital Economics China Activity Proxy (CAP) signals that growth has continued to accelerate. But most of the strength is coming from a relatively narrow segment of the economy – heavy, state-led... 20th September 2013 · 1 min read
Emerging Markets Economics Update A reprieve for troubled EMs, but fundamental problems persist The Fed’s decision yesterday not to taper its asset purchases just yet provides some breathing room for the more troubled emerging economies. But their structural problems remain and uncertainty about... 19th September 2013 · 1 min read
