1 October 2025 Emerging Asia Monitor India's IP Q3-to-date: more robust than Q2, but with a few caveats

Ignore the miss in Indian IP in August; the recent stasis is breaking, and the fixed capex signal is solid.
Retail sales growth in Thailand crashed back down to earth in July, but expect much more softness…
…Consumption growth is seeing some stability alongside tourist arrivals; local demand is still weak.

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence