Asia Data Response Manufacturing PMIs & Korea Trade (Feb.) Manufacturing PMIs in Emerging Asia rose in February, helped by a rebound in the export orders sub-component. While the data provide the first tentative signs that the worst may be over for the region... 1st March 2023 · 2 mins read
India Data Response Manufacturing PMI (Feb.) India’s manufacturing PMI reading edged down in February to a four-month low. We expect the reading to drop further over the coming months as both external and domestic demand soften. 1st March 2023 · 3 mins read
China Data Response PMIs (Feb.) The latest survey data are exceptionally strong across the board, consistent with our expectation for a rapid near-term rebound. We expect this recovery to lose momentum later in the year but the... 1st March 2023 · 3 mins read
Australia & New Zealand Data Response Australia CoreLogic House Prices (Feb.) Although the decline in house prices slowed markedly in February, we’re not convinced the worst is over. As such, we expect house prices to fall by another 6% before the year is up. 1st March 2023 · 2 mins read
Australia & New Zealand Data Response Australia GDP (Q4 22) & CPI Indicator (Jan. 23) GDP growth softened last quarter and inflation slowed sharply in January. But with inflation still very high, that won’t prevent the RBA from hiking the cash rate to a peak of 4.1% in May. 1st March 2023 · 3 mins read
Australia & New Zealand Rapid Response Australia GDP (Q4 22) & Monthly CPI Indicator (Jan. 23) 1st March 2023 · 2 mins read
India Data Response GDP (Q4) GDP data for Q4 (Q3 of FY22/23) show that India’s economy came off the boil at the end of last year as higher interest rates weighed on household consumption and investment. But with the hawks still... 28th February 2023 · 2 mins read
China Chart Pack A near-term fiscal boost Local governments have stepped up their borrowing since the start of the year. They issued RMB860bn in special bonds over the course of January and February, up from an average of RMB105bn per month... 28th February 2023 · 12 mins read
Australia & New Zealand Data Response Retail Sales (Jan. 2023) & GDP Partials (Q4 2022) While retail sales bounced back in January, the rebound probably won’t be enough to prevent a contraction in sales volumes across the first quarter. 28th February 2023 · 4 mins read
Japan Data Response Japan Industrial Production & Retail Sales (Jan. 23) We suspect that the early start to the Lunar New Year was partly responsible for the sharp fall in industrial production in January and there should be a strong rebound in February. Meanwhile, retail... 28th February 2023 · 2 mins read
Australia & New Zealand Rapid Response Australia Retail Sales (Jan. 23) 28th February 2023 · 2 mins read
Asia Chart Pack How will central banks respond to the latest currency falls? Asian currencies have dropped back over the past few weeks against the US dollar, with the two worst hit currencies (the Thai baht and the Korean won) down around 6% against the greenback since the... 27th February 2023 · 15 mins read
Japan Rapid Response Japan Industrial Production & Retail Sales (Jan. 23) 27th February 2023 · 1 min read
Asia Economics Weekly Malaysia’s infrastructure budget, Korea’s hawkish hold Malaysia today announced a modest tightening of fiscal policy for 2023, but the most eye-catching element of the budget was a significant (and welcome) increase in infrastructure spending. Global Drop... 24th February 2023 · 7 mins read
China Economics Weekly Case for rate cuts fades as financial stability concerns return Much of the focus in the coming days will be on the senior government appointments that will be confirmed at the National People’s Congress that starts in just over a week, including for the PBOC. We... 24th February 2023 · 6 mins read
