Asia Data Response Manufacturing PMIs (Oct.) The October PMIs for Emerging Asia indicate that the region’s manufacturing sectors lost further momentum at the start of Q4. Meanwhile, the weakness in new export orders supports our view that the... 1st November 2018 · 1 min read
Asia Economics Update Further rate hikes still likely in Indonesia Today’s decision by Bank Indonesia (BI) to leave interest rates on hold is unlikely to mark the end of the current tightening cycle. With the rupiah likely to remain under downward pressure over the... 23rd October 2018 · 1 min read
Asia Economics Update What does the recent jump in oil prices mean for Asia? The biggest impact of a period of sustained higher oil prices would be in India and the Philippines, whose current account deficits would be pushed even more into the red, putting further downward... 4th October 2018 · 1 min read
Asia Economics Update Further rate hikes likely in Indonesia Today’s 25 basis point rate hike by Bank Indonesia is unlikely to be the last in the current cycle. With the rupiah set to remain under downward pressure over the coming months, we expect at least two... 27th September 2018 · 1 min read
Asia Economics Update What next for the Indonesian rupiah? Supporting the rupiah is increasingly becoming the central pre-occupation for Bank Indonesia and the government. We think the central bank will raise interest rates at least twice more before the end... 6th 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
Asia Economics Update What to make of Indonesia’s populist budget? Indonesia’s budget for next year envisages a big increase in cash handouts, and is clearly aimed at boosting support for the president ahead of next year’s general election. Worryingly, however, the... 17th August 2018 · 1 min read
Asia Economics Update Further tightening to come in Indonesia Today’s rate hike by Bank Indonesia (BI) comes against a backdrop of continued weak economic growth and subdued inflation, and demonstrates that BI’s main focus remains supporting the currency. With... 15th August 2018 · 1 min read
Asia Economics Update What does the crisis in Turkey mean for Asia? There is a good chance that the recent volatility in financial markets triggered by the crisis in Turkey will prompt Bank Indonesia into hiking interest rates at its meeting on Wednesday. For most... 13th August 2018 · 1 min read
Asia Data Response Indonesia GDP (Q2) Indonesia’s growth picked up to 5.3% y/y in Q2, from 5.1% in Q1, with a slowdown in investment growth compensated for by a pick-up in consumption and government spending. However, we doubt Indonesia’s... 6th August 2018 · 1 min read
Asia Data Response Manufacturing PMIs (Jul.) Most of Emerging Asia’s PMIs fell in July. However, there were no clear signs in the PMI surveys that suggest the first tranche of US tariffs on Chinese goods that came into effect in early July have... 1st August 2018 · 1 min read
Asia Economics Update Indonesia: more rate rises likely despite today’s hold Bank Indonesia (BI) left interest rates on hold today, but the hawkish tone of Governor Perry Warjiyo’s press conference and the accompanying policy statement reaffirm our view that further monetary... 19th July 2018 · 1 min read
Asia Data Response Manufacturing PMIs (Jun.) The June PMIs for Emerging Asia indicate that the region’s manufacturing sectors remained in decent health. Meanwhile, Korean export data suggest export growth in the rest of the region likely ended... 2nd July 2018 · 1 min read
Asia Economics Update Further rate hikes likely in Indonesia Bank Indonesia’s (BI) decision to hike interest rates by a more-than-expected 50 basis points today suggests that the central bank’s priority over the coming months will be to support the currency... 29th June 2018 · 1 min read
Asia Chart Pack Asian markets take a beating on trade war fears Rising US-China trade tensions, fears over the outlook for China’s domestic economy and the uncertain outlook over US monetary policy have all weighed heavily on the region’s financial markets over... 28th June 2018 · 1 min read
Asia Data Response Manufacturing PMIs (May) Most of Emerging Asia’s PMIs picked up in May. However, the manufacturing sector in Taiwan, one of the economies where the PMIs most closely track the hard data, appears to be losing momentum. 1st June 2018 · 1 min read
