PANTHEON EM ASIA DATA WRAP 27 March 2026

Two-way trade in the Philippines was picking up steam before the war

March 2026 - Emerging Asia Chartbook

CPI FORECASTS UP ACROSS THE BOARD IN EM ASIA

• …BUT FROM LOW STARTING POINTS; ONLY SBV SET TO HIKE

EM Asia Datanote: Retail Sales, Taiwan, February

• In one line: Q1 consumption remains firm.

EM Asia Datanote: Customs Trade, Thailand, February 2026

• In one line: Fundamental downward pressure on the THB is building rapidly.

PANTHEON EM ASIA DATA WRAP 24 March 2026

Iran war, unsurprisingly, hits India's PMIs immediately

PANTHEON EM ASIA DATA WRAP 23 March 2026

Inflation broadly accelerating in Singapore in Q1

EM Asia Datanote: Core Production, India, February 2026

• In one line: Infrastructure sectors carrying more of the weight alone; overall momentum still solid.

PANTHEON EM ASIA DATA WRAP 19 March 2026

Malaysian headline export growth in Q1 still up from Q4, despite February miss
Inflation at bay, for now

PANTHEON EM ASIA DATA WRAP 17 March 2026

Electronic exports in Singapore continue to boom

EM Asia Datanote: Trade, India, February 2026

• In one line: Big short-term downside risks to the deficit due to the Iran war.

PANTHEON EM ASIA DATA WRAP 16 March 2026

Iran war forcing an upgrade to our 2026 India WPI forecast to 5%

EM Asia Datanote: CPI, India, February 2026

• In one line: Still mainly a food story, but Middle East pressures should surface in the March data.

PANTHEON EM ASIA DATA WRAP 12 March 2026

Brace for a potential inflation hit to Malaysian retail sales growth this year

PANTHEON EM ASIA DATA WRAP 10 March 2026

A decent, if unimpressive, start to the year for Indonesian retail sales

PANTHEON EM ASIA DATA WRAP 6 March 2026

Don’t stress about the February collapse in Vietnamese export growth
A disappointing Tet season for retail sales in Vietnam
Raising our 2026 average inflation forecast for Vietnam to 3.7%
Strong end-2025 momentum in Philippine sales carrying over to early-2025

EM Asia Datanote: CPI, Thailand, February 2026

• In one line: Diesel fix still more than safe; shading our 2026 forecast.

EM Asia Datanote: Bank Negara Malaysia Decision, March 2026

• In one line: Members hold rates, but seem spooked by the Middle East crisis. 

PANTHEON EM ASIA DATA WRAP 5 March 2026

Don’t read too much into the Lunar New Year noise in Singapore’s January sales
Returning food inflation drives Philippine inflation up higher; BSP target still safe

PANTHEON EM ASIA DATA WRAP 3 March 2026

Rising domestic and external demand lifting most boats in ASEAN

EM Asia Datanote: IP, India, January 2026

• In one line: An understandable, and likely temporary, breather to start 2026.