China Activity Monitor CAP: Cyclical recovery still underway Our China Activity Proxy (CAP) suggests the economy saw a healthy expansion in March, driven by the continued strength of industry. While we think that fiscal support will keep fuelling the economy in... 24th April 2024 · 3 mins read
Asia Economics Update Indonesia: surprise hike, but no further tightening likely In a surprise move, Bank Indonesia (BI) today hiked its main policy rate by 25bps (to 6.25%) and made clear that supporting the currency would remain its key priority over the coming months. But there... 24th April 2024 · 2 mins read
Japan Chart Pack Japan Chart Pack (Apr. 2024) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. (Please ignore the previous email which linked to the February Chart Pack) The latest activity data... 24th April 2024 · 1 min read
Australia & New Zealand Rapid Response Australia Consumer Prices (Q1 2024) With price pressures proving inordinately resilient, there is little scope for the Reserve Bank of Australia to start loosening policy in the near future. 24th April 2024 · 2 mins read
India Rapid Response India Flash Composite PMI (Apr. 2024) The flash composite PMI reading for April suggests that the strength of economic activity over the past few quarters has continued through to the eve of the election. Looking ahead, while growth is... 23rd April 2024 · 2 mins read
China Economics Update China trip notes – sentiment still depressed A week spent visiting clients, contacts and friends in Beijing and Shanghai has underlined the extent of the pessimistic shift in sentiment within China. 23rd April 2024 · 5 mins read
Japan Economics Update Services inflation will remain around 2% this year We now expect services inflation to remain around 2% this year as a fading tailwind from soaring hotel and package tour prices will be offset by stronger labour cost growth. The upshot is that the... 23rd April 2024 · 4 mins read
Asia Economics Update Another tough year ahead for Korean consumers A weak labour market and high interest rates will continue to weigh heavily on Korea’s consumer sector this year. The poor prospects for consumer spending is one of the main reasons we think overall... 22nd April 2024 · 2 mins read
Asia Economics Update Time to worry about inflation (again)? Recent currency falls and higher oil prices are unlikely to put significant upward pressure on consumer prices across Asia. We continue to expect inflation in the region to remain low over the coming... 22nd April 2024 · 2 mins read
China Economics Weekly Service sector picking up, overcapacity worsening The GDP breakdown suggests that the acceleration in growth last quarter was driven by the service sector, although the parts most dependent on consumer spending fared less well. And despite the recent... 19th April 2024 · 5 mins read
Asia Economics Weekly How will Bank Indonesia respond to the slump in the rupiah? With the rupiah coming under further downward pressure against the US dollar this week, a rate hike by Bank Indonesia at its scheduled meeting on Wednesday cannot be ruled out. However, our sense is... 19th April 2024 · 6 mins read
India Economics Weekly Election begins, RBI intervention, Middle East tensions India's mammoth general election has just kicked off. Results will be announced on 4 th June and as things stand, PM Modi’s BJP looks on course for another big win. Meanwhile, the rupee fell to a... 19th April 2024 · 4 mins read
Japan Economics Weekly Why Japan intervenes in foreign exchange markets Foreign exchange interventions by the Bank of Japan have become rare and the further weakening of the yen in recent weeks has yet to trigger one. While there are some arguments in favour of using FX... 19th April 2024 · 4 mins read
