Emerging Asia

Emerging Asia Data Response

Emerging Asia Data Response

Korea Trade (Nov.)

Korean export values surged to record highs in November helped by temporary factors but also strong underlying growth. Exports should remain elevated for at least the next few months, helped by a gradual recovery in the auto sector.   Drop-In: India – How much scarring will the pandemic leave? 10:00 ET/15:00 GMT, Wednesday 1st December https://event.on24.com/wcc/r/3535749/63CC51718846E8FF3D871827AC84AF1E?partnerref=report Drop-In: Why is Asia sitting out the global inflation surge? 09:00 GMT/17:00 HKT, Thursday 2nd December https://event.on24.com/wcc/r/3546145/A9D34EF592141BEFCAC819ADB40359D5?partnerref=report

1 December 2021

Emerging Asia Data Response

Manufacturing PMIs (Nov.)

November Manufacturing PMIs suggest that the rebound in industry from the Delta wave in South East Asia continued last month, and we suspect it has further to run. Drop-In: India – How much scarring will the pandemic leave? 10:00 ET/15:00 GMT, Wednesday 1st December https://event.on24.com/wcc/r/3535749/63CC51718846E8FF3D871827AC84AF1E?partnerref=report Drop-In: Why is Asia sitting out the global inflation surge? 09:00 GMT/17:00 HKT, Thursday 2nd December https://event.on24.com/wcc/r/3546145/A9D34EF592141BEFCAC819ADB40359D5?partnerref=report

1 December 2021

Emerging Asia Data Response

Korea Activity Data (Oct.)

Korea’s economy is likely to have already rebounded from the downbeat October revealed in activity data today. But prospects for continued improvements have diminished, as a resurgence in virus cases pushes back the timeline for reopening the economy further.   Drop-In: India – How much scarring will the pandemic leave? 10:00 ET/15:00 GMT, Wednesday 1st December https://event.on24.com/wcc/r/3535749/63CC51718846E8FF3D871827AC84AF1E?partnerref=report Drop-In: Why is Asia sitting out the global inflation surge? 09:00 GMT/17:00 HKT, Thursday 2nd December https://event.on24.com/wcc/r/3546145/A9D34EF592141BEFCAC819ADB40359D5?partnerref=report

30 November 2021
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Emerging Asia Data Response

Singapore GDP (Q3, Revised)

Revised Q3 GDP data show that Singapore’s economy grew more strongly than first thought last quarter, and while containment measures mean the recovery is unlikely to have gained much momentum so far this quarter, a gradual reopening should see growth accelerate in the coming months.

Emerging Asia Data Response

Korea Trade (1st – 20th Nov.)

Korean export values saw continued strength in the first 20 days of November and should remain elevated in the coming months as exporters work through large backlogs of unmet orders.

Emerging Asia Data Response

Thailand GDP (Q3)

Thai GDP shrank in the third quarter after the government tightened restrictions and, while the economy should bounce back strongly in the fourth quarter, the speed of the recovery beyond the end of the year will depend on how quickly foreign tourists return to the country.

Emerging Asia Data Response

Malaysia GDP (Q3)

Malaysia’s economy shrank further in Q3 but was already rebounding sharply by the end of the quarter. with vaccinations high, virus cases down and restrictions being eased, this rebound will continue in Q4.

Emerging Asia Data Response

Philippines GDP (Q3)

Q3 GDP data were much stronger than expected and output is set to jump again in the fourth quarter following a sharp drop in virus cases and the further easing of restrictions. That said, even after rapid growth in the second half of this year, the recovery will still have a long way to go, and the economy will remain in catch-up mode throughout 2022.

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