Emerging Asia

Myanmar

Manufacturing PMIs (Aug.)

Falling output indices in Korea and Taiwan suggest that the virus disruption in South East Asia is reverberating across the region. The end of supply chain shortages continues to slip further out of sight.

1 September 2021

Manufacturing PMIs (July)

The July PMIs for Emerging Asia point to sharp contractions in manufacturing in those places worst affected by the virus. With outbreaks likely to remain a key headwind for months to come, the rapid growth in industry over the past few quarters looks unlikely to be repeated.  

2 August 2021

Manufacturing PMIs (June)

The June PMIs dropped back as virus outbreaks and supply chains issues created mounting headwinds for industry. With neither issue likely to be resolved soon, the rapid growth in industry over the past few quarters looks unlikely to be repeated.

1 July 2021
More Publications

August rate hike in Korea, Indonesia outbreak

We were already more hawkish that the consensus in expecting a rate hike in Korea this year, but recent comments by the central bank and strong economic data mean we are shifting forward our forecast for the first hike to the Bank of Korea’s meeting on 26th August. Meanwhile, Indonesia’s government has introduced tough new restrictions to combat a jump in virus cases. Despite the worsening outlook, there is little prospect of monetary or fiscal policy being loosened further to support demand.

1 to 0 of 0 publications