India Economics Update RBI ramps up virus response In an unscheduled announcement today, RBI Governor Shaktikanta Das unveiled an array of measures aimed at mitigating the economic and financial impact of India’s virus crisis. This Update takes stock... 5th May 2021 · 3 mins read
Asia Data Response Indonesia GDP (Q1) Indonesia’s economy struggled to gain any momentum in the first quarter of the year and a failure to contain the virus will hold back the recovery in the quarters ahead. 5th May 2021 · 3 mins read
Australia & New Zealand Data Response New Zealand - Labour Market (Q1) The fall in the unemployment rate to 4.7% in New Zealand is consistent with our view that a continued tightening in the labour market will prompt the RBNZ to hike rates next year. 5th May 2021 · 2 mins read
Emerging Europe Data Response Manufacturing PMIs (Apr.) April’s robust manufacturing PMIs for Czechia and Poland were artificially boosted by longer supplier delivery times and there were further signs that supply chain issues have caused price pressures... 4th May 2021 · 2 mins read
US Data Response ISM Manufacturing Index (Apr.) The drop back in the ISM manufacturing index, to 60.7 in April from 64.7, appears to reflect intense and widespread supply constraints rather than a moderation in demand, a view which is underlined by... 3rd May 2021 · 2 mins read
China Data Response Hong Kong GDP (Q1 Preliminary) Hong Kong’s y/y GDP growth turned positive in Q1 for the first time since Q2 2019. Even after accounting for base effects, the economy expanded impressively thanks to the strength of exports. With the... 3rd May 2021 · 3 mins read
India Data Response Manufacturing PMI (Apr.) India’s manufacturing PMI held up well in April, reflecting the fact that the containment measures in response to the surge in COVID-19 cases have been very light touch compared to last year. But the... 3rd May 2021 · 2 mins read
Asia Data Response Manufacturing PMIs (Apr.) The April PMI readings suggest that manufacturing improved further in most places in Asia after a strong Q1. Global demand for electronics should continue to support the sector over the next few... 3rd May 2021 · 2 mins read
US Economics Weekly Economic take-off already underway President Joe Biden’s Families Plan wouldn’t provide much of an additional boost, but the stimulus already in place should ensure that the economic recovery goes from strength to strength, with the... 30th April 2021 · 7 mins read
Canada Data Response GDP by Industry (Feb.) At 0.4% m/m in February, GDP growth was a bit weaker than Stats Can first thought but, with the preliminary estimate pointing to a much larger 0.9% m/m rise in GDP in March, first-quarter growth... 30th April 2021 · 2 mins read
India Data Response Core Infrastructure Industries (Mar.) India’s core infrastructure industries index rebounded in March, but this is old news given the dramatic surge in virus cases and renewed tightening of containment measures since then. 30th April 2021 · 2 mins read
UK Economics Weekly Rise in capital stock diminishes risk of severe scarring The small rise in the net capital stock last year is an encouraging sign that the pandemic won’t damage large parts of the capital stock and leave the level of GDP lower forever more. And while we... 30th April 2021 · 4 mins read
Latin America Data Response Mexico GDP (Q1 Prov.) The modest 0.4% q/q rise in Mexico’s GDP in Q1 largely reflects the economy’s poor performance at the start of the year. The good news is that the recovery got back on track at the end of the quarter... 30th April 2021 · 3 mins read
Asia Data Response Taiwan GDP (Q1, provisional) Taiwan has been the star performer of the pandemic, with figures today showing the economy grew by 8.2% y/y in the first quarter of the year. Surging demand for semiconductors and booming investment... 30th April 2021 · 3 mins read
Emerging Europe Data Response Czech GDP (Q1 2021) The 0.3% q/q drop in Czech GDP in Q1 was slightly better than expected and, with authorities now moving to relax virus restrictions, we expect a strong recovery to take hold in the second half of this... 30th April 2021 · 2 mins read
Japan Economics Weekly Chip shortages set to ease, vaccine passports The rebound in industrial production in March is consistent with our view that the second state of emergency wasn’t as damaging as many had feared. And while the chip shortages that are plaguing car... 30th April 2021 · 5 mins read
