India Economics Update Finance Ministry strikes a delicate balance Finance Minister Nirmala Sitharaman appears to have successfully demonstrated her long-term commitment of reining in the fiscal deficit while still providing support to the economy in today’s FY23/24... 1st February 2023 · 3 mins read
India Data Response Manufacturing PMI (Jan.) India’s manufacturing PMI showed signs of moderation in January after defying gravity for several months previously. It should drop further over the coming months as the economy comes off the boil. 1st February 2023 · 2 mins read
Asia Data Response Manufacturing PMIs & Korea Trade (Jan.) Manufacturing PMIs edged up slightly in January but remained subdued overall. We continue to expect weak global demand and elevated interest rates to drag on manufacturing activity in the coming... 1st February 2023 · 2 mins read
China Data Response Caixin Manufacturing PMI (Jan.) The Caixin manufacturing PMI published today edged up slightly in January as disruption from the reopening wave eased but it remained at a subdued level. Taken together with the official survey... 1st February 2023 · 3 mins read
Capital Daily China’s stock market rally may have further to go Although China’s equities have now rallied a long way, we think they will make some further gains over the rest of this year. 31st January 2023 · 7 mins read
Climate Economics Focus The curious case of China’s climate credentials There is a touch of the Dr Jekyll and Mr Hyde about China’s climate credentials, with its well-documented record of burgeoning emissions and reliance on coal standing in stark contrast to its... 31st January 2023 · 16 mins read
China Data Response Official PMIs (Jan.) The official PMIs add to evidence of a rapid rebound in economic activity this month as disruption from the reopening wave faded. More shoppers returned to the street boosting services activity while... 31st January 2023 · 3 mins read
Australia & New Zealand Data Response Australia Retail Sales (Dec. 2022) Retail sales volumes declined last quarter on the back of a weaker-than-expected end to 2022. A solid increase in services spending means overall consumption should still have risen at a decent clip... 31st January 2023 · 2 mins read
Japan Data Response Japan Labour Market & Activity (Dec. 2022) The unemployment rate stayed unchanged in December, but labour market conditions are beginning to betray signs of loosening. Similarly, the strong rebound in retail sales is likely to give way to... 31st January 2023 · 4 mins read
Japan Rapid Response Japan Retail Sales & Industrial Production (Dec. 2022) 31st January 2023 · 2 mins read
China Chart Pack Consumers reopen their wallets The Lunar New Year holiday wasn’t quite back to normal this year as fears of spreading COVID to elderly relatives prevented many households from returning to their hometowns – long-distance journeys... 30th January 2023 · 13 mins read
Japan Economics Update Shunto not a leading indicator of wage growth The conventional wisdom is that the annual spring wage negotiations (Shunto) are a bellwether for wage growth. In reality, the small number of employees covered by the talks and their bias towards... 30th January 2023 · 2 mins read
