- In one line: A 3.5-year low; base effects were the main culprit, but momentum is vanishing.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Post-duty cut spike in gold imports hits the deficit hard, overshadowing a more confident recovery in real import demand.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Down to a four-month low, thanks to a broad-based deceleration.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: The improvement in food inflation is real; IP is losing steam, with support from consumer industries fading quickly.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Unwinding of discrepancy boost in Q2 hides early signs of a revival in consumption.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Overdue crash in oil imports masks a further—welcome—rise in non-oil imports.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Likely the peak for 2024, barring any fresh shocks.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Vegetable prices are rearing their ugly head, again; industry is back to a two-track growth, this time with consumer durables racing ahead.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Deficit hit by lagged oil-price effects, which will now unwind.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Upstream core price pressures are now clearly reviving.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Some green shoots on food inflation; IP appears to be breaking out of its recent stagnation.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- 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: The deficit miss isn’t that bad, seasonal effects aside; don’t put too much stock into the jump in imports.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: A 13-month high, as upstream deflationary forces wane.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Food inflation remains frustratingly sticky; clearer signs that core has bottomed-out.
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: Little real good news from the smallest deficit in nearly a year.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: A simultaneous easing in manufactured products and fuel & power deflation.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
