Japan Data Response Flash Manufacturing PMI (Apr.) The manufacturing PMI remained at a high level in April and suggests that the sector had a strong start to the second quarter. What’s more, there are mounting signs that price pressures are... 21st April 2017 · 1 min read
Emerging Markets Economics Chart Pack Politics dominates the headlines but market impact limited The escalation of political risks has dominated the headlines in EMs in recent weeks, but the fallout in financial markets has been surprisingly small. Equities in Russia and South Korea initially... 20th April 2017 · 1 min read
China Chart Pack Household credit boom set to slow Household borrowing has soared over recent months, largely in the form of mortgages. But this boom is probably nearing an end. Restrictions on property purchases have been reintroduced in many cities... 20th April 2017 · 1 min read
Japan Data Response External trade (Mar.) Export values slumped in March as distortions related to the Lunar New Year unwound. Nonetheless, we still expect net exports to provide another boost to Q1 GDP growth. 20th April 2017 · 1 min read
Europe Data Response Euro-zone Trade (Feb.) & Inflation (Final, Mar.) The euro-zone goods trade surplus rose in February but probably narrowed in Q1 as a whole. With higher energy prices explaining much of that narrowing, trade volumes may still have boosted GDP in Q1... 19th April 2017 · 1 min read
Asia Chart Pack KORUS renegotiation on the cards Confirmation that the US is seeking to renegotiate but not scrap the Korea-US free trade agreement (KORUS) is the latest sign that President Trump’s bark, at least when it comes to trade, is turning... 19th April 2017 · 1 min read
Global Economics Update IMF’s forecasts reflect a bright economic outlook The IMF’s latest projections for global growth, published today, are in line with ours (using official figures for China) and point to healthy global GDP growth of about 3½% in the coming year or two. 18th April 2017 · 1 min read
Japan Economics Update Will Japan and the US sign a free trade agreement? High-level discussions with the US today have revived talk in Japan of a bilateral trade deal that could in principle generate sizeable productivity gains for Japan and make up for the US abandoning... 18th April 2017 · 1 min read
India Economics Update How much of a threat is the rise in gold imports? The jump in gold imports over the past couple of months is likely to have been boosted by temporary factors, including a rebound in purchases following demonetisation and greater consumer demand ahead... 18th April 2017 · 1 min read
Japan Economics Update Monetary Indicators Monitor (Mar.) Bank lending is rising at the fastest pace since 2009, led by non-manufacturing firms. A combination of record-low bank lending rates and extremely loose bank lending attitudes has fuelled the credit... 17th April 2017 · 1 min read
Commodities Update China’s commodity imports grow, but so do stocks Strong growth in China’s commodity imports in March would, at first glance, appear to be supportive of commodity prices. However, the rise in stocks of some commodities suggests that the buying has... 13th April 2017 · 1 min read
China Data Response Trade (Mar.) The latest trade data point to buoyant external demand but suggest that domestic demand may have started to cool. 13th April 2017 · 1 min read
Japan Chart Pack Price expectations too weak to reach 2% inflation The labour market continues to tighten and firms are reporting the most severe capacity shortages in years. Underlying inflation is therefore set to recover after approaching zero at the start of this... 12th April 2017 · 1 min read
Asia Economic Outlook Stronger exports to boost growth in 2017 Buoyant global demand should help to support growth across most of Emerging Asia over the coming quarters, but mounting domestic headwinds mean a strong rebound is not on the cards. Although the... 11th April 2017 · 1 min read
Emerging Europe Data Response Turkey Curr. Acc. (Feb.) & Hungary CPI (Mar.) Turkey’s current account deficit remained wide in February, but there are some encouraging signs that the boost to competitiveness from the weak lira may already be having a positive effect. Elsewhere... 11th April 2017 · 1 min read
India Economics Update Remittance inflows should remain strong Remittance inflows are an important source of external funding for India, and were equivalent to more than 3% of GDP in 2016 – almost twice as large as net capital inflows. Though there are some risks... 11th April 2017 · 1 min read
