- In one line: Core industries are still flying high, but the upsurge in refined petroleum products looks overstretched.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Statistical discrepancies accounted for 82% of Q2 “growth”; that’s the story.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: A punchy close that just about salvages Q2.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Ignore the sturdy y/y print, the level is stagnating.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Don’t break out the champagne for the consensus-beating Q1.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Watch out; electricity output falls y/y for the first time since 2020.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- The RBI unexpectedly hit the pause button on rate rises on Thursday, keeping the repo rate at 6.50%...
- ...It left the door open for hikes, but we think this hold will stick, partly as core inflation will soon fall.
- Don’t buy the hype over India’s Q1; GST revenue is stagnating and the PMIs tell only half a story.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
