- 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: 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: Should be just a temporary drop below the BoT’s target range.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Inflated—yet again—by ‘other’ retail sales; ignore.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: A not-so-emphatic return to the black, once adjusted for seasonality.
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: A reassuring bounce in exports narrows the Songkran-adjusted deficit substantially.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
India’s lofty manufacturing PMI is becoming more well-rounded
India’s unreliable flash services PMI is still plateauing
Higher utilities inflation in Singapore offsets food disinflation in April
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
Don’t hang your hat on Thailand’s market-beating Q1 GDP print
Malaysian export recovery still in play despite headline trade figures likely falling in May
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
A poorer start to Q2 for Indonesian trade than suggested by the already-soft headlines
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
Will the Q1 strength in Indonesian sales carry over to Q2?
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
A very quiet start to the year for the Philippine economy, especially in private domestic demand
Malaysian retail sales growth rises in March, despite a drop in wholesale growth
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
The H2 2023 recovery in Philippine sales hit a big speed-bump in Q1
Not the kind of deficit reduction we’d like to see
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
