Julie Nicol

Julie Nicol is the Office Administrator in Singapore, working closely with the London office as well as providing support to the local sales team.

India Data Response

Manufacturing PMI (Aug.)

India’s manufacturing PMI dropped in August, suggesting that growth in the sector has lost a bit of momentum in Q3 after a very strong Q2.

3rd September 2018 1 min read

Asia Data Response

Manufacturing PMIs (Aug.)

The August PMIs for Emerging Asia suggest that the region’s manufacturing sectors remained lacklustre. Meanwhile, Korean export data suggest export growth in the rest of the region stayed robust last...

3rd September 2018 1 min read

China Data Response

Caixin Manufacturing PMI (Aug.)

The latest survey data suggest that China’s economy continued to come under pressure last month. We expect further weakness ahead despite the shift toward policy easing.

3rd September 2018 1 min read

Australia & New Zealand Data Response

Retail Sales (Jul.)

It's become more likely that GDP growth in the second quarter was a bit stronger than we have been expecting, but the stagnation in retail sales values in July suggests that consumption may have lost...

3rd September 2018 1 min read

Australia & New Zealand Data Response

CoreLogic House Prices (Aug.)

With the full effects of tighter credit conditions and rising mortgage rates yet to be felt, the current housing downturn will probably end up being the longest and deepest in Australia’s modern...

3rd September 2018 1 min read

Japan Data Response

Capital Spending (Q2)

Today’s capital spending data suggest that business investment was much stronger last quarter than initially reported. This points to an upward revision to GDP growth in next week’s second estimate.

3rd September 2018 1 min read

Asia Economics Update

Korea: rate hike this year looking increasingly unlikely

The Bank of Korea’s (BoK) decision to leave interest rates on hold at 1.50% today came as no great surprise given the recent deterioration in the labour market. Looking ahead, with headwinds to growth...

31st August 2018 1 min read

Japan Economics Weekly

Growth probably slowed in Q3

This week’s activity data for July were rather weak. The 0.1% m/m rise in retail sales values wasn’t too bad given that sales had jumped by 1.4% m/m in June. But consumer goods prices rose by 0.7% m/m...

31st August 2018 1 min read

China Economics Weekly

Trade war or cold war?

The end of the summer in Beijing has brought with it a hardening of views on the trade dispute with the US. Increasingly, tariffs are being seen not as negotiating ploys to win run-of-the-mill...

31st August 2018 1 min read

India Economics Weekly

Fuel price hikes, equities soar, demonetisation failure

Fuel prices have risen to record highs in most of India’s major cities in recent weeks. This creates a political headache for the ruling BJP ahead of next year’s general election. However, the price...

31st August 2018 1 min read

China Data Response

Official PMIs (Aug.)

Today’s better-than-expected PMI readings suggest that output growth may have edged up last month. But the breakdown of the surveys point to a further weakening in demand, consistent with our view...

31st August 2018 1 min read

Japan Data Response

Labour Market & Ind. Prod. (Jul.) & Tokyo CPI (Aug.)

The third consecutive decline in industrial production in July suggests that growth will slow in Q3. Meanwhile, the tight labour market is starting to boost price pressures.

31st August 2018 1 min read

Australia & New Zealand Chart Pack

Households holding up well

Australian households have been more resilient to low income growth and falling house prices than we expected. After rising by just 0.3% q/q in the first quarter, the solid rises in retail sales in...

29th August 2018 1 min read

Australia & New Zealand Economics Weekly

Is the dollar pondering a Labor government?

This week’s political chaos has increased the downside risks to the Australian dollar. Although the markets welcomed the news that Scott Morrison has replaced Malcolm Turnbull as Australia’s Prime...

24th August 2018 1 min read

Japan Data Response

Flash Manufacturing PMI (Aug.)

Even though the manufacturing PMI still points to robust gains in industrial production, there are signs that the prospect of a global trade war is weighing on external demand.

23rd August 2018 1 min read

Asia Economics Update

Korea’s household debt overhang a constraint on growth

Household debt in Korea has surged in recent years, raising fears of a messy unwinding. But while a financial crisis is unlikely to materialise, the debt overhang will act as a constraint on growth. A...

21st August 2018 1 min read