- In one line: Another leap in gold imports drags the deficit to a fresh low.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: No major surprises; red carpet being relaid for rate cuts.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: A modest acceleration, and one that was flattered by Diwali calendar effects.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Oil imports are seeing an impressive—but likely temporary—revival.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: A December rate cut is only just barely alive; a weak Q3 GDP print could still sway things.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Thank a big reversal in the August leap in gold imports.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Blame the continued reversal of helpful food base effects; m/m trends are still improving.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Primary articles inflation bounces on lower base effects, but underlying inflation remains muted.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: So much for the RBI’s “resilient” growth outlook.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: A 3.5-year low; base effects were the main culprit, but momentum is vanishing.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Post-duty cut spike in gold imports hits the deficit hard, overshadowing a more confident recovery in real import demand.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Down to a four-month low, thanks to a broad-based deceleration.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: The improvement in food inflation is real; IP is losing steam, with support from consumer industries fading quickly.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Unwinding of discrepancy boost in Q2 hides early signs of a revival in consumption.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Overdue crash in oil imports masks a further—welcome—rise in non-oil imports.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Likely the peak for 2024, barring any fresh shocks.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Vegetable prices are rearing their ugly head, again; industry is back to a two-track growth, this time with consumer durables racing ahead.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Deficit hit by lagged oil-price effects, which will now unwind.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
