South Korea’s service sector shows signs of easing

Feb 17, 2016 05:32 am UTC| Commentary Economy

South Korea registered seasonally adjusted jobless rate of 3.5% in January, on par with consensus expectation of 3.4% and Barclays forecast of 3.5%. The jobless rate for December has been revised up by 10bp to 3.5%. Job...

Singapore’s January non-oil domestic exports fall, external-oriented sectors likely to remain weak in 2016

Feb 17, 2016 05:09 am UTC| Commentary Economy

Singapores January non-oil domestic exports declined 9.9% y/y, as compared with a fall of 7.2% in December and lower than consensus expectations of a decline of 7.6% and Barclays forecast for a drop of 6.2%. On a monthly...

Latest market turbulences weigh on German investor sentiment

Feb 16, 2016 14:32 pm UTC| Commentary Economy

Data released earlier today Germany headline Economic Sentiment Indicator fell for the second month running, from +10.2 to +1.0, a slightly better than consensus for a +0.1 reading. Survey suggests that the recent turmoil...

China Crisis Series

Weak Jan China trade data highlights sluggish demand and growth momentum

Feb 15, 2016 14:32 pm UTC| Commentary Economy

Chinas trade balance for January 2016 came in at CNY 406.2bn vs +389.01bn expected, but details showed a collapse in exports/imports. Exports contracted by -11.2% y/y (Dec 2015: -1.4%), the largest decline since March...

Indonesia’s trade surplus raises the probability for another rate cut from BI

Feb 15, 2016 10:07 am UTC| Commentary Economy Central Banks

Indonesias January trade balance recorded a minor surplus of 50 million USD, as compared to market expectation of 241million USD deficit. However, the overall trade activity remains subdued as exports declined 20.7% y/y...

India’s WPI inflation declines on the back of low food inflation

Feb 15, 2016 09:24 am UTC| Commentary Economy

Indias January wholesale price inflation surprisingly declined, however, markets still expect it to turn positive in Q1. WPI inflation decreased to -0.9% y/y in January as compared to -0.7% y/y in December. The decline...

Emerging Market Crisis Series

India’s WPI inflation decelerates in January on drop in food inflation, likely to turn positive in Q1

Feb 15, 2016 08:59 am UTC| Commentary Economy

Indias wholesale price inflation surprisingly decelerated in January; however, it might turn positive in Q1. WPI inflation dropped to -0.9% y/y in January from -0.7% y/y in December, as compared with Bloombergs median...