- In one line: Exports—alone—steal the show in Q1, papering over a continued slowdown in domestic demand.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Soft, as we cautioned, and the big picture isn’t looking great either.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Decent, and the drag from refined petroleum products should reverse in the short run.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: External demand does the heavy lifting, thanks to helpful base effects.
Moorthy Krshnan (Senior Asia Economist)Emerging Asia
- In one line: A y/y bounce inflated by base effects, but trends at the margin are finally turning.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Delaying our first RBI rate cut call to August; industry is floundering, forget the H2 2023 ’strength’ in GDP.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: We repeat; forget the discrepancy-inflated headline, India’s main engine is still stuttering.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Lumpy non-oil imports continue to sag.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: The easing in upstream core deflation has come to a halt.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Still waiting on the onion price correction to show in CPI; the trend in IP growth is clearly one of moderation.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: The run-up to 2024 was devoid of upward momentum.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
The Philippines' slowdown resumes, but less dramatically than expected
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
Ignore the Tet noise, two-way trade started 2024 poorly
Retail sales had an abysmal January, too, leaving aside the rose-tinted headline
Headline stickiness is masking a persistent decline in core inflation
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
A welcome two-sided improvement, but Thai net trade should hit Q4 GDP
Don’t be fooled by the apparent recovery in Philippine exports
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
MAS likely to stay put next week as inflation inches up
Moorthy Krshnan (Senior Asia Economist)Emerging Asia
Weak external demand drags on Malaysian manufacturing in Q4
A particularly weak ending to 2023 for Malaysian exports
Moorthy Krshnan (Senior Asia Economist)Emerging Asia
Singaporean export growth in December falls on weak electronics
Moorthy Krshnan (Senior Asia Economist)Emerging Asia
Indonesian exports are improving, but demand still isn’t firing on all fronts
Plenty of reassuring details from India’s December WPI
Miguel Chanco (Chief EM Asia Economist)Emerging Asia