Singapore's commerce and financial services offset weak manufacturing

Jan 04, 2016 02:57 am UTC| Commentary Economy

Singapore Q4 GDPs advance estimate has come out more than what the market consensus expected at 5.7% qoq saar. Services has primarily led this upward surprise, with the services output contributing 4.4pp to overall qoq...

Fed Hike Aftermath Series

No signs of relief to Fed wondering if they might have jumped the gun in December

Jan 04, 2016 02:55 am UTC| Commentary Central Banks Economy

The data surely arent bringing sighs of relief to any Fed officials wondering if they might have jumped the gun in December. 3Q GDP growth had already dropped to 2% (QoQ, saar) before they pulled the trigger and the higher...

Singapore economy ended 2015 on a high note

Jan 04, 2016 02:33 am UTC| Commentary Economy

The economy ended 2015 on a high note. GDP growth in 4Q15 was stronger than expected. Based on the advance GDP estimates released today, the economy is projected to have expanded by 5.7% QoQ saar in 4Q1. This translated...

Emerging Market Crisis Series

Deeper slump in South Korea's electronics exports accentuates drop in December shipments

Jan 04, 2016 01:12 am UTC| Commentary Economy

Exports fell by 13.8% y/y in December, much weaker than expected (consensus: -11.7%), following a one-time vessel delivery lift in November (Nov: -4.8% y/y; Oct: -16.0%). The release marked the weakest annual export...

Canada's employment report and PMI in focus

Jan 03, 2016 22:18 pm UTC| Commentary Economy

Recent economic data have surprised to the downside as the Canadian economy registered no growth in October and showed flat retail sales in real terms. The lack of momentum points to a lacklustre growth in Q4, and the...

Thailand economic activities continue to show modest improvement

Dec 31, 2015 06:22 am UTC| Commentary Economy

November economic report of Bank of Thailand is the domestic demand showing indications of a revival, even as tourism and rural sectors see slowdown. Domestic demand improvement comes along with manufacturing activity...

Recent drop in US pending home sales likely to be temporary

Dec 31, 2015 05:04 am UTC| Commentary Real Estate Economy

US pending home sales declined 0.9% mom in November, way lower than the market consensus anticipations of firm monthly rise. The upward revisions to last months data boosted the yoy rise to 5.1% over consensus...