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

External Trade (Sep.)

Net exports probably supported quarterly GDP growth in Q3 despite September’s weakness in export volumes. But we expect overseas GDP growth to weaken so the slowdown in export growth should continue.

19th October 2017 1 min read

India Data Response

Wholesale Prices (Sep.)

Wholesale price inflation unexpectedly eased in September. But stripping out the effect of volatile fuel and food prices, our measure of core WPI inflation accelerated further last month. With reasons...

16th October 2017 1 min read

China Data Response

Inflation & Credit (Sep.)

Core inflation rose to a near six-year high last month and producer price inflation continued to rebound, consistent with resilient growth ahead of the Party Congress. But the credit data suggest that...

16th October 2017 1 min read

India Economics Update

Trade position will remain comfortable

India’s trade deficit narrowed to a seven-month low in September. Looking ahead, there are several reasons to think that it will stay in check over the coming months. This should keep India’s...

16th October 2017 1 min read

Japan Economics Weekly

Will exports continue to impress?

Export values rose the most since 2013 in August but the recent acceleration largely reflects a pick-up in export prices that is unlikely to last. While business surveys suggest that export volumes...

13th October 2017 1 min read

China Data Response

Trade (Sep.)

Seasonal factors helped to boost year-on-year trade growth last month. But there are also hints of a real pick-up in domestic demand, perhaps due to efforts to shore up activity ahead of the Party...

13th October 2017 1 min read

Asia Economics Update

MAS to keep monetary policy supportive

The Monetary Authority of Singapore (MAS) today left its monetary policy settings unchanged. The accompanying statement gives the MAS room to tighten policy if necessary, but given the subdued outlook...

13th October 2017 1 min read

Japan Chart Pack

Positive verdict on Abenomics ahead of snap elections

The economy is providing a favourable backdrop to Prime Minister Abe’s efforts to be re-elected on 22nd October. Firms are the most upbeat in a generation following a jump in their profits. Job growth...

12th October 2017 1 min read

India Economics Update

Calculating the potential fiscal cost of loan waivers

Announcements of debt write-offs for farmers in a number of Indian states in recent months have grabbed the headlines. In this Update, we attempt to calculate the fiscal cost of the announced waivers...

12th October 2017 1 min read

Australia & New Zealand Economics Focus

When will interest rates rise?

We believe the financial markets have gone too far by pricing in a strong possibility that the Reserve Bank of Australia will raise interest rates twice next year, from 1.5% to 2.0%. Economic...

12th October 2017 1 min read

Japan Data Response

Machinery Orders (Aug.)

Machinery orders rose further in August and suggest that the recovery in investment spending continued last quarter. With firms facing rising capacity shortages, the outlook for capital expenditure...

11th October 2017 1 min read

Japan Data Response

Economy Watchers Survey (Sep.)

The jump in household activity in today’s Economy Watchers Survey suggests that the recent slowdown in consumer spending is unlikely to last. And if anything, buoyant consumers should bolster the...

10th October 2017 1 min read

Europe Data Response

German Industrial Production

August’s surge in German industrial production was in line with the positive message from business surveys and puts the economy on course for a strong Q3.

9th October 2017 1 min read

Japan Economics Weekly

Signs the recovery sputtering in Q3

Weak consumer spending data suggest that the expansion faltered in the third quarter. This might not spell the end of the economy’s extended growth spurt. But with the economy running into capacity...

6th October 2017 1 min read

India Economics Update

Core price pressures are building

Consumer price inflation is likely to have accelerated further in September, due in large part to another rise in vegetable price inflation. Core price pressures are also building, meaning there is no...

6th October 2017 1 min read

Japan Data Response

Labour Cash Earnings (Aug.)

The rebound in wage growth in August reflects a fading drag from falling summer bonuses rather than any acceleration in regular earnings. Stronger gains in part-time pay suggest that underlying wage...

6th October 2017 1 min read