The moderation in India’s PMIs continues, as they end Q3 on a soft note
Food disinflation pushed down Malaysian inflation in August
Singaporean headline inflation falls in August, despite a pick-up in core
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- Colombia’s economy faces headwinds despite the modest recovery; policy shifts muddy the outlook.
- President Petro’s reform agenda meets political resistance, again; economic stability is at risk.
- BanRep is dealing with inflation and growth worries amid government pressure for a dovish policy shift.
Andrés Abadía (Chief LatAm Economist)Latin America
- The outperformance of Indian GDP growth versus other big EMs in the post- Covid era is undeniable…
- …But putting its growth pace into its proper context remove s a lot of sheen; China’s still a bigger driver.
- “Make in India” remains a macro failure, despite the smattering of success stories at the micro level.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- INSEE survey data show further signs of stabilisation in September but remain soft overall.
- The Summer Olympics boosted Q3 GDP growth in France, but a payback looms in Q4.
- We look for a big fall in the EZ PMIs today as the Olympics boost to French services reaches an end.
Claus Vistesen (Chief Eurozone Economist)Eurozone
- We expect payback for the 1.0% month-to-month August gain in retail sales, boosted by warm weather.
- But look through the volatile sector detail, and retail sales volumes are trending up as real wages rise.
- Consumer confidence, likely depressed by rising inflation expectations, poses a downside risk.
Rob Wood (Chief UK Economist)UK
October rate hike seems off the cards
Duncan WrigleyChina+
In one line: Better, but still consistent with weak growth in domestic demand.
Claus Vistesen (Chief Eurozone Economist)Eurozone
PBoC official hints that RRR cut will be the next move
Duncan WrigleyChina+
BoJ holds fast, offering rosier view on consumption activity
Duncan WrigleyChina+
Consumer inflation rises on the back of food inflation, notably rice shortages
Duncan WrigleyChina+
BoJ holds steady as Japan's national inflation rises modestly
China's LPRs unchanged
Duncan WrigleyChina+
- -CHINA TOUGHING IT OUT, HELPED BY RESILIENT EXPORTS
- - BOJ INSISTS ON ITS READINESS TO RAISE RATES
- - BOK COULD DELAY RATE CUT, ON HOUSING DEBT WORRIES
Kelvin Lam (Senior China+ Economist)China+
A significant recovery seems unlikely in the near term.
Oliver Allen (Senior US Economist)US
Little to suggest manufacturing is turning a corner.
Oliver Allen (Senior US Economist)US
RESTRICTIVE FED POLICY NO LONGER WARRANTED...
- ...EASING MUST BE RAPID TO STABILIZE THE LABOR MARKET
Samuel TombsUS
- In one line: Heating housing market concerns continue to haunt the CBC.
Moorthy Krshnan (Senior Asia Economist)Global
- In one line: Heating housing market concerns continue to haunt the CBC.
Moorthy Krshnan (Senior Asia Economist)Emerging Asia
