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.

Japan Data Response

Economy Watchers Survey (Jan.)

The slump in the Economy Watchers Survey in January probably reflects cold winter weather and we wouldn’t read too much into it.

8th February 2018 1 min read

Europe Data Response

German Industrial Production (Dec.)

December’s fall in German industrial production came as no surprise after a surge in November and it is very unlikely to mark the start of a downward trend. We still see German GDP rising by about 2.7...

7th February 2018 1 min read

Japan Data Response

Labour Cash Earnings (Dec.)

The slowdown in wage growth in December was driven by bonus payments and overtime pay whereas regular pay rebounded. The big picture is that wage growth remains sluggish.

7th February 2018 1 min read

Australia & New Zealand Economics Update

RBA hints it’s in no rush to raise rates

The jitters in the financial markets are due to concerns that global interest rates will rise rapidly, but the Reserve Bank of Australia (RBA) did its part to calm fears by leaving interest rates at...

6th February 2018 1 min read

Australia & New Zealand Data Response

Retail Sales & International Trade (Dec.)

The fall in retail sales and the deterioration in the international trade balance in December probably won’t ease the current jitters in the financial markets, but the figures aren’t as bad as they...

6th February 2018 1 min read

Emerging Europe Data Response

Turkey CPI (Jan.)

Turkish inflation fell to a lower-than-expected 10.3% y/y last month, from 11.9% y/y in December, and is likely to edge down further over the rest of this year. Even so, with the headline rate likely...

5th February 2018 1 min read

Asia Data Response

Indonesia GDP (Q4)

Indonesia’s growth picked up slightly in the fourth quarter to 5.2%, from 5.1%, but we doubt the recovery has further to run. While the consensus is expecting growth to accelerate gradually over the...

5th February 2018 1 min read

India Data Response

Manufacturing PMI (Jan.)

India’s manufacturing PMI slipped in January from December’s five-year high. But the reading is still strong, and prospects for local manufacturers look relatively bright over the near term.

1st February 2018 1 min read

China Data Response

Caixin Manufacturing PMI (Jan.)

The survey data suggest that output growth held steady at the start of 2018, with disruptions from the anti-pollution campaign starting to ease. But signs in the data of a slight softening in demand...

1st February 2018 1 min read

Asia Data Response

Manufacturing PMIs (Jan.)

Emerging Asia’s PMIs for January suggest the region’s manufacturing sectors gained momentum at the start of 2018. Encouragingly, the headline readings for Taiwan and Korea – the two economies where...

1st February 2018 1 min read

RBNZ Watch

New Zealand - Spencer to play it safe at his penultimate meeting

The Reserve Bank of New Zealand (RBNZ) will almost certainly leave the official cash rate on hold at 1.75% at its policy meeting on Thursday 8th February and, in the accompanying Monetary Policy...

1st February 2018 1 min read

Japan Data Response

Consumer Confidence (Jan.)

Household sentiment remained strong at the start of 2018 and suggests that the expansion in consumer spending has further to run.

31st January 2018 1 min read

RBA Watch

Another year of record low rates

Despite the strengthening of the activity data, the Reserve Bank of Australia won’t raise interest rates from 1.5% at the meeting on Tuesday 6th February and probably won’t hint in the following...

31st January 2018 1 min read

China Data Response

Official PMIs (Jan.)

While the survey data have yet to fully reflect the slowdown in growth shown on our China Activity Proxy, the latest decline in the official PMI does add weight to the view that the economy is cooling...

31st January 2018 1 min read

Australia & New Zealand Data Response

Consumer Prices (Q4)

It is possible that price pressures are a little stronger than the CPI data for the fourth quarter suggest. But the main message is that inflation is still hovering just below the 2-3% target and it...

31st January 2018 1 min read

Japan Data Response

Industrial Production (Dec.)

Industrial production recorded another marked rise last quarter which suggests that GDP growth remained strong. However, the outlook for the coming months is less rosy.

31st January 2018 1 min read