PANTHEON EM ASIA DATA WRAP 9 April 2025

Expect at least two more consecutive 25bp cuts from the RBI

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PANTHEON EM ASIA DATA WRAP 8 April 2025

Short-lived, policy-induced deflation in Indonesia is over
How high can Philippine sales go before they hit a ceiling?

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PANTHEON EM ASIA DATA WRAP 4 April 2025

A brief spell of policy-induced deflation is around the corner in Thailand
Very soft, but March should be the low for Philippine inflation this year

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PANTHEON EM ASIA DATA WRAP 2 April 2025

The nascent improvement in ASEAN manufacturing is far from comprehensive

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

EM Asia Datanote: Core Industries, India, February

• In one line: Blame mainly an unsurprising reversal of the January jump in petroleum products.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PANTHEON EM ASIA DATA WRAP 28 March 2025

Philippine trade takes a breather after a fast start to 2025

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

March 2025 - Emerging Asia Chartbook

INDIAN CONSUMPTION ON THE MEND, SLOWLY

• …US TARIFF FRONT-RUNNING SURFACES IN FEB. TRADE DATA

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PANTHEON EM ASIA DATA WRAP 24 March 2025

Indian services are still broadly losing momentum

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

EM Asia Datanote: Customs Trade, Thailand, February

• In one line: The—small—surplus is consolidating.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

EM Asia Datanote: Trade, India, February

• In one line: No need to panic over the nosedive in imports.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

EM Asia Datanote: WPI, India, February

• In one line: Blame mainly softer fuel & power deflation; headline disinflation is just around the corner.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PANTHEON EM ASIA DATA WRAP 17 March 2025

Indonesia’s February export pop isn’t so black and white

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: CPI, Thailand, February

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

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PANTHEON EM ASIA DATA WRAP 7 March 2025

Philippine sales growth remains sturdy, but the remittance lift should soon reverse

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PANTHEON EM ASIA DATA WRAP 6 March 2025

Finally seeing signs of US front-loading in Vietnamese exports, Tet noise aside
Ignore the official slip, sales growth strengthened in February
Food inflation noesdives with the help of residual Tet noise

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PANTHEON EM ASIA DATA WRAP 5 March 2025

Door now wide open for the BSP to resume easing in April

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PANTHEON EM ASIA DATA WRAP 3 March 2025

A 7-month high for ASEAN’s PMI, but no clear signs of US front-loading, yet
A surprising—though likely temporary—dip into outright deflation in Indonesia

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PANTHEON EM ASIA DATA WRAP 28 February 2025

A surprisingly fast start to 2025 for Philippine trade

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

February 2025 - Emerging Asia Chartbook

RBI RATE CUTS FINALLY HERE; EXPECT 2 MORE IN Q2

1. …THAI GROWTH HAS LIKELY PEAKED, PROMPTING A BOT CUT

Miguel Chanco (Chief EM Asia Economist)Emerging Asia