India Rapid Response Manufacturing PMI (Jul.) India’s manufacturing PMI edged down in July to a three-month low, and we expect higher rates and subdued global demand to weigh more substantially on manufacturing activity over the coming months. 1st August 2023 · 2 mins read
Australia & New Zealand Rapid Response Reserve Bank of Australia Meeting (Aug. 23) 1st August 2023 · 2 mins read
Asia Economics Update Manufacturing PMIs & Korea Trade (July.) Manufacturing PMIs remained in contractionary territory across most of Emerging Asia last month and the underlying data point to further weakness ahead. Falling new orders, bleak employment prospects... 1st August 2023 · 2 mins read
Latin America Rapid Response Mexico GDP (Q2 Prov.) The 0.9% q/q rise in Mexican GDP last quarter followed a strong Q1 and showed that Mexico’s economy was more resilient in the first half of the year than we’d expected. That said, we think that weaker... 31st July 2023 · 2 mins read
China Chart Pack China Chart Pack (Jul. 23) China's reopening recovery has fizzled out and the economy is now at risk of slipping into a recession. We think policymakers will provide enough stimulus to avoid this and deliver a modest... 31st July 2023 · 1 min read
Europe Economics Update Euro-zone GDP not as good as it looks The 0.3% rise in euro-zone GDP in Q2 was largely due to a huge increase in Ireland’s GDP and the export of a cruise ship from France. Neither of these is a sustainable source of growth. With more of... 31st July 2023 · 2 mins read
China Rapid Response Hong Kong GDP (Q2 Preliminary) Hong Kong’s GDP contracted in q/q terms in Q2, underperforming most expectations. A sharp fall in government spending and further struggles in the trade logistics sector more than outweighed a... 31st July 2023 · 3 mins read
Europe Rapid Response Euro-zone GDP (Q2) and HICP (July) July’s inflation data will have been a disappointment for policymakers as, although headline inflation fell in line with expectations, core inflation was unchanged at 5.5% and services inflation... 31st July 2023 · 2 mins read
Europe Rapid Response Italy GDP (Q2 2023) The drop in GDP in Italy in Q2 means euro-zone output probably rose by 0.3% q/q in Q2, and just 0.1% if Ireland is excluded. Italy is no longer outperforming its peers and we think it will experience... 31st July 2023 · 2 mins read
Middle East & North Africa Rapid Response Saudi Arabia GDP (Q2 2023, Flash Estimate) Saudi Arabia’s flash GDP estimate showed that the economy fell into a technical recession on the back of oil output cuts, whereas the non-oil economy continued to post robust growth. With the Kingdom... 31st July 2023 · 2 mins read
China Rapid Response PMIs (Jul.) The PMI surveys suggest that China’s economic recovery continued to lose momentum in July. Downward pressure on manufacturing intensified, construction activity decelerated sharply, and services... 31st July 2023 · 3 mins read
US Economics Weekly Data dependence spells the end for Fed tightening This week’s FOMC meeting brought hints that Fed officials are no longer wedded to previous plans for further policy tightening. Even if activity growth continues to hold up a bit better than expected... 28th July 2023 · 7 mins read
Canada Economics Weekly September hike requires upside surprise The Bank of Canada’s Summary of Deliberations highlighted the Bank’s concern that inflation could become stuck above the 2% target. Although headline inflation faces a bumpy downward path over the... 28th July 2023 · 5 mins read
Asia Economics Weekly Singapore labour market cools, Taiwan rate cut delayed Labour market and inflation figures for Singapore published this week support our view that the central bank (MAS) will loosen policy at its October meeting. Meanwhile, we have changed our Taiwan... 28th July 2023 · 8 mins read
