Asia Data Response Manufacturing PMIs and Korea Trade (Jul.) PMIs for Emerging Asia and Korean trade data suggest that the recovery in economic activity across the region is picking up some momentum. That said, the data do not point to the kind of strong... 3rd August 2020 · 3 mins read
Asia Economics Update Will Asia benefit from China’s strong rebound? China’s rapid economic recovery from the Global Financial Crisis did not play as big a role as is commonly assumed in supporting growth in the rest of Asia. We doubt a strong rebound in China from the... 24th July 2020 · 4 mins read
Asia Data Response Korea GDP (Q2, Provisional) Korean GDP shrank sharply in Q2 on the back of the largest drop in exports since 1963, but output probably bottomed out in the middle of the quarter. The recovery, which is already underway, is set to... 23rd July 2020 · 3 mins read
Asia Data Response Korea Trade (1st – 20th July) Korean trade data for the first 20 days of July suggest that the recovery in exports has continued this month. But the initial rebound has still been weak and the recovery in external demand in the... 21st July 2020 · 2 mins read
Asia Economics Update Bank of Korea stands pat, but more action still likely The Bank of Korea (BoK) left its policy rate on hold at 0.50% today and while it did not unveil any further unconventional policy measures, the Bank gave hints it could employ them in future. With... 16th July 2020 · 3 mins read
Asia Data Response Korea Trade (1st – 10th Jul.) Korean trade data for the first ten days of this month suggest that the recovery in external demand gained a little momentum at the start of July. This should carry on over the coming months, albeit... 13th July 2020 · 2 mins read
Asia Data Response Korea Trade (Jun.) Korean export values nudged up very slightly in June, after collapsing in April and May, but while external demand is probably now past the worst, it is only likely to recover slowly in the coming... 1st July 2020 · 2 mins read
Asia Data Response Manufacturing PMIs (Jun.) The PMIs point to an improvement in manufacturing conditions last month, although many readings are still low and suggest that overall manufacturers continue to struggle. 1st July 2020 · 2 mins read
Asia Data Response Korea Trade (1st – 20th June) Korean trade data for the first 20 days of June suggest that the slump in exports is probably past the worse. But the recovery in external demand in the quarters ahead is likely to be a protracted one... 22nd June 2020 · 2 mins read
Asia Data Response Korea Trade (1st – 10th June) Korean trade data for the first ten days of June suggest that the external environment improved slightly at the start of last month. We suspect this will mark the start of a long and slow recovery. 11th June 2020 · 2 mins read
Asia Economics Update Further signs of improvement in Korea Despite the sharp rise in the unemployment rate last month, there are signs that the Korean labour market has turned a corner. This adds to evidence that the economy has now bottomed out. 10th June 2020 · 2 mins read
Asia Economics Focus Which countries will rebound fastest? The high-frequency data that we track suggest that while economic activity is picking up across most of the region, the pace of recovery varies significantly by country. We expect China, Singapore... 8th June 2020 · 11 mins read
Asia Data Response Korea Trade (May) Korean export values sank further in May after collapsing in April, and while this is likely to mark the bottom, external demand is only likely to recover very slowly in the coming months. 1st June 2020 · 2 mins read
Asia Data Response Manufacturing PMIs (May) We suspect that PMI readings do not accurately reflect the change in industry conditions last month, but they are still indicative of the fact that output remains very depressed. 1st June 2020 · 2 mins read
Asia Economics Weekly Bumps in Korea’s recovery, how to interpret the PMIs A couple of new outbreaks of coronavirus in Korea’s capital city, Seoul, has led to renewed fears of a second wave of infections. The recent spike appears to have put the recovery on hold and has led... 29th May 2020 · 5 mins read
Asia Economics Update BoK stops short of full QE, more action still likely The Bank of Korea (BoK) cut its policy rate by 25bps to a new record low of 0.50% and gave some vague assurances that it would act to keep long term government bond yields down. With growth likely to... 28th May 2020 · 3 mins read
