Asia Economics Update Thailand: no more rate hikes, El Niño the key risk 2nd August 2023 · 3 mins read
Australia & New Zealand Rapid Response New Zealand Labour Market (Q2 2023) Although New Zealand’s unemployment rate rose slightly last quarter, the labour market remains very tight by historical standards. However, early signs are that the balance of labour demand and supply... 2nd August 2023 · 2 mins read
Commodities Update China PMIs are grim reading for commodities demand China’s PMIs suggest that commodities demand has come completely off the boil. For the recent rally in industrial metals prices to be sustained, China’s policymakers will have to deliver on promises... 1st August 2023 · 2 mins read
Australia & New Zealand Economics Update RBA stays on hold again The Reserve Bank of Australia left rates unchanged at 4.10% for the second consecutive month. And while the Board continued to strike some hawkish notes, there is a good chance that its tightening... 1st August 2023 · 2 mins read
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
Australia & New Zealand Data Response Australia CoreLogic House Prices (Jul.) Australia’s house-price rebound went full steam ahead in July. At the margin, that should strengthen the case for the RBA to lift its cash rate by a further 25bp at its meeting later today... 1st August 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
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
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
Japan Rapid Response Japan Industrial Production & Retail Sales (Jun. 23) June’s activity data were broadly positive for Q2, with both the industrial production and capital goods shipments data suggesting the economy expanded at a decent pace. However, firms’ forecasts for... 31st July 2023 · 2 mins read
Capital Daily RIP YCC: What next for Japanese and global markets? The Bank of Japan seems to have effectively ended yield curve control without making a big splash in financial markets, but we wouldn’t rule out further effects – on Japan’s markets and those around... 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
China Economics Weekly Politburo keeps stimulus hopes alive The highlight of the week was Monday’s Politburo meeting, which struck a dovish tone and promised greater policy support. A lot will depend on the follow-through, and in this note we flag some areas... 28th July 2023 · 7 mins read
