Asia Data Response Korea Trade (July) July data add to evidence that Korean exports are plateauing, after reaching very high levels. While we expect some softening ahead as final demand weakens a touch, a sharp pullback in exports is... 2nd August 2021 · 3 mins read
Asia Data Response 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... 2nd August 2021 · 2 mins read
Australia & New Zealand Data Response Australia CoreLogic House Prices (Jul.) House prices are continuing to surge and forward indicators suggest the upswing has a little further to run. Even so we think house price growth will slow in 2022. 2nd August 2021 · 2 mins read
China Economics Weekly Delta putting zero-COVID approach under strain China’s ability to quash COVID flare-ups is being tested again: the Delta variant outbreak that was identified in Nanjing last week has already spread further within China than any since the first... 30th July 2021 · 6 mins read
India Data Response Core Infrastructure Industries (Jun.) India’s core infrastructure industries index rebounded in seasonally-adjusted m/m terms in June, suggesting that an industrial recovery is well underway. 30th July 2021 · 2 mins read
China Data Response Hong Kong GDP (Q2 Preliminary) Hong Kong’s economy contracted last quarter as exports moderated after an exceptional Q1. The path of output is likely to remain subdued until Hong Kong’s borders reopen. 30th July 2021 · 2 mins read
Asia Data Response Taiwan GDP (Q2, provisional) Taiwan’s economy only contracted slightly last quarter despite a major COVID outbreak, as strong exports cushioned the blow. Large backlogs of orders should keep exports elevated which, alongside a... 30th July 2021 · 3 mins read
Japan Economics Weekly Another disappointing quarter Strong activity data for June confirm that the economy entered Q3 on a relatively strong footing. But while vaccinations are limiting the number of severe cases and deaths, daily coronavirus cases... 30th July 2021 · 5 mins read
China Chart Pack Investors refocus on long-term concerns Questions about the strength of China’s post-lockdown rebound have become louder since the People’s Bank cut the required reserve ratio three weeks ago. But the trigger for this week’s sharp equity... 30th July 2021 · 13 mins read
Australia & New Zealand Economics Weekly Activity to rebound in fourth quarter With the Sydney lockdown set to extend into the fourth quarter, we’ve lowered our Q3 GDP forecast further. However, we still think that the economy will bounce back in Q4 as vaccine hesitancy is... 30th July 2021 · 8 mins read
Asia Economics Weekly Virus now hitting industry in Malaysia and Vietnam Industry in Malaysia and Vietnam was already feeling a pinch from restrictions and worker shortages brought about by a jump in COVID-19 cases, but the situation is deteriorating fast. Data early next... 30th July 2021 · 9 mins read
India Economics Weekly Bankruptcy code upgrade, RBI meeting The amendments to the Insolvency and Bankruptcy Code (IBC) that were approved in the Lok Sabha (lower house of parliament) this week could provide much-needed support to India’s banking sector. But... 30th July 2021 · 5 mins read
Japan Data Response Labour Market, Ind. Production & Retail Sales (Jun. 21) Retail sales, industrial production and employment all rebounded strongly in June, pointing to a sizeable recovery in activity in between the Alpha- and Delta-driven coronavirus waves. That supports... 30th July 2021 · 3 mins read
RBI Watch RBI in no rush to tighten Policy rates are highly likely to be left unchanged at the conclusion of the RBI’s upcoming MPC meeting on 6 th August, particularly given that inflation now appears to have peaked. Further ahead, we... 29th July 2021 · 7 mins read
Japan Economics Update Short-lived spike in underlying inflation on the cards The surge in input prices caused by supply shortages is starting to show signs of filtering through into higher output prices. Combined with upwards pressure on services inflation from a “vaccine... 29th July 2021 · 3 mins read
RBA Watch RBA to delay tapering to November We expect the Reserve Bank of Australia to respond to the worsening virus outbreak in Sydney by delaying the tapering of its asset purchases from September to November. Even so, we still expect those... 28th July 2021 · 7 mins read
