HIGHLIGHTS March 2019 industrial production PI growth rebounded to 3.1% yoy in March as the drag on mining diminished. Seasonal demand and illicit tobacco crackdown helped offset weakness in the construction and electrical &
HIGHLIGHTS 1Q19 GDP growth 1Q19 real GDP growth came in slightly below expectation at 5.1% yoy on slowing investment activity and the drag from inventory contribution. We raise our 2019 GDP growth forecast by
HIGHLIGHTS May Monetary Policy Committee – Overnight Policy Rate cut by 25bp OPR cut by 25bp to 3.00% against our expectations of a hold in May. Tightening domestic financial conditions and concerns over downside
HIGHLIGHTS March 2019 trade Trade performance in Mar exceeded expectations as milder-than-expected declines in exports and imports lifted the trade surplus to RM14.4bn. A US-China trade deal, recovery in regional manufacturing activity, and stronger
HIGHLIGHTS 1Q19 direct investment realisation Total realised investments fell 2.8% yoy to US$13.4bn in 1Q19 as the gains in the tertiary sector were insufficient to offset declines in other sectors. We expect investments to
HIGHLIGHTS March 2019 industrial production The IPI contracted by 4.8% yoy in March due to declines in all clusters except for biomed, transport engineering and general manufacturing. External headwinds and benign core inflation risks
HIGHLIGHTS MAS monetary policy review MAS kept its monetary policy stance unchanged today as real GDP growth eased to 1.3% yoy in 1Q19 amid accelerating headwinds in manufacturing MAS expects 2019F GDP growth slightly
HIGHLIGHTS February 2019 industrial production IPI growth undershot expectations at 1.7% yoy in February While slower growth in manufacturing growth tallied with our expectations, the 5% contraction in mining output threw our forecasts off
HIGHLIGHTS Inflation to tick-up but stay manageable Vietnam registered a trade deficit of US$768m in February due to negative growth of 3.3% in exports. An upswing in domestic manufacturing compensated for the setback in
HIGHLIGHTS Macro snapshot Thailand’s trade balance came in healthier at a surplus of US$3.5bn in February as a result of a sharp contraction in imports Better-than-expected election results for pro-junta coalition raises likelihood of