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.

Australia & New Zealand Data Response

CoreLogic House Prices (Mar.)

We Expect house prices in the eight capital cities to fall by at least another 6%, though our sales-to-new-listings ratio points to smaller declines in coming months.

1st April 2019 1 min read

Japan Data Response

Tankan (Q1)

The Q1 Tankan revealed a sharp deterioration in activity at the start of the year. That suggests that the easing in capacity and staff shortages that started in manufacturing should soon spread to...

1st April 2019 1 min read

India Economics Weekly

Spotlight on female employment

The extremely low share of women in India’s formal workforce has become a talking point in the election campaign. It has far-reaching ramifications, including by keeping the economy much smaller than...

22nd March 2019 1 min read

Japan Data Response

Consumer Prices (Feb.)

Inflation remained flat in February and will probably start to slow over the coming months due to falling energy prices and moderating underlying price pressures.

22nd March 2019 1 min read

India Data Response

Wholesale Prices (Feb.)

The slight rebound in February’s wholesale price inflation is unlikely to prevent the RBI from cutting rates again next month. However, there is good reason to think that underlying inflation will...

14th March 2019 1 min read

Australia & New Zealand Economics Update

New government can’t ignore the weaker economy

Irrespective of the incoming government’s planned policy, the deterioration in the economic outlook means that fiscal policy should become stimulatory to avoid exacerbating the downturn.

14th March 2019 1 min read

China Data Response

Caixin Manufacturing PMI (Feb.)

The unofficial PMI rebounded last month, after slumping in January. Looking through this volatility, the survey data remain consistent with our expectation for a further slowdown in economic growth in...

1st March 2019 1 min read

China Data Response

Official PMIs (Feb.)

The latest survey data suggest that manufacturing output growth slowed last month, possibly to its weakest level since 2009. Construction activity also appears to have softened, raising questions over...

28th February 2019 1 min read

Australia & New Zealand Data Response

Private Capex Survey (Q4)

While the private capital expenditure survey showed a rise in capital spending in Q4, we think that private investment spending actually fell. And given the recent deterioration in business confidence...

28th February 2019 1 min read

Japan Data Response

Industrial Production & Retail Sales (Jan.)

The sharp falls in industrial production and retail sales in January suggest that the economy slowed sharply at the start of 2019. And the deterioration in business confidence means that a rapid...

28th February 2019 1 min read

Australia & New Zealand Data Response

Wage Price Index (Q4)

Broadly unchanged wage growth in the fourth quarter of 2018 suggests that the unemployment rate remains above the natural rate. We think the unemployment rate may actually rise this year meaning wage...

20th February 2019 1 min read

Japan Data Response

External Trade (Jan.)

The renewed widening of the trade deficit in January suggests that net trade remained a drag on GDP growth in the first quarter and we think that export growth will remain sluggish this year.

20th February 2019 1 min read

Asia Data Response

Malaysia GDP (Q4)

The rise in GDP growth to 4.7% y/y in Q4, from 4.4% in Q3, was the first pick-up in five quarters, but we think that there is little chance of a sustained rebound. Softer external demand coupled with...

14th February 2019 1 min read

Japan Data Response

GDP (Q4)

Japan’s economy returned to growth in Q4 but its performance over the past year has been poor. Domestic demand will get a lift ahead of October’s sales tax hike but that sugar-high won’t be sustained.

14th February 2019 1 min read

Asia Economics Update

Philippines: May interest rate cut looking more likely

The central bank in the Philippines (BSP) left interest rates unchanged today, but with inflation set to continue falling back over the coming months, we think that the BSP will soon start to unwind...

7th February 2019 1 min read

RBNZ Watch

New Zealand - Slowdown will keep rates on hold until 2021

The Bank will be weighing up the impact of a tighter labour market but weaker GDP growth when it leaves interest rates at 1.75% on Wednesday. It’s unlikely that any of the recent data will cause the...

7th February 2019 1 min read