EM Asia Datanote: Retail Sales, Thailand, January

• In one line: First red ink since mid-2023, as the inexplicable lift from ‘other’ sales continues to unwind.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

EM Asia Datanote: February CPI & January IP, India

• In one line: Food disinflation strikes again; consumer non-durables IP stages a partial rebound.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

EM Asia Datanote: Retail Sales, Indonesia, January

• In one line: A not-too-damning payback from the modest front-running, pre-VAT hike.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

EM Asia Datanote: CPI, Thailand, February

• In one line: Dragged down by transportation and communication base effects.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

EM Asia Datanote: Core Industries, India, January

• In one line: Offsetting base effects all over the place; momentum is solid, otherwise.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

EM Asia Datanote: Retail Sales, Thailand, December

• In one line: Finally, back down to earth.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

EM Asia Datanote: Trade, India, January

• In one line: Deficit hit on both sides of the balance.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

EM Asia Datanote: January CPI & December IP, India

• In one line: Setting the stage for an immediate follow-up rate cut in April; consumer goods output go MIA to close off 2024.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

EM Asia Datanote: Core Industries, India, December

• In one line: A respectable Q4 comeback, to close out 2024.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PANTHEON EM ASIA DATA WRAP 30 January 2025

Stable Q4 headline hides renewed deterioration in Philippine private consumption

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PANTHEON EM ASIA DATA WRAP 24 January 2025

India’s key services PMI plunged to a 15-month low to start the year
A largely unwelcome consolidation of the Philippines’ trade deficit in late-2024

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PANTHEON EM ASIA DATA WRAP 23 January 2025

A robust end to the year for Thai exports, despite flattening DM demand

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

EM Asia Datanote: Trade, India, December

• In one line: Gold imports correct sharply—again—but their broad trend is upwards.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PANTHEON EM ASIA DATA WRAP 15 January 2025

Ignore the volatility, Indonesia's trade surplus is growing, slowly

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PANTHEON EM ASIA DATA WRAP 14 January 2025

Expect a quieter year for Indian WPI inflation in 2025

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

EM Asia Datanote: CPI, India, December

• In one line: Carpet being rolled out for a February rate cut.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PANTHEON EM ASIA DATA WRAP 10 January 2025

Indonesian sales growth should at least settle at a floor, shortly

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PANTHEON EM ASIA DATA WRAP 9 January 2025

Real import demand in the Philippines was due a correction

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PANTHEON EM ASIA DATA WRAP 7 January 2025

Huge revisions put a more positive spin on Philippine sales
Oil-sensitive components drive the December rise in inflation

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PANTHEON EM ASIA DATA WRAP 6 January 2025

A scorching end to 2024 for Vietnamese services
Exports in Vietnam are once again finding their feet
Not buying the five-month high in Vietnamese sales growth
Vietnamese inflation stays under 3% for a fourth month
Turnaround in Thai transportation & communication CPI should soon peak

Miguel Chanco (Chief EM Asia Economist)Emerging Asia