Economic Monthly ASEAN & India
|
|
- Bethany Bennett
- 5 years ago
- Views:
Transcription
1 Economic Monthly ASEAN & India AKI FUKUCHI ECONOMIC RESEARCH OFFICE TOKYO YUMA TSUCHIYA, MAKIKO STOKES ECONOMIC RESEARCH OFFICE SINGAPORE OCTOBER 8 (ORIGINAL JAPANESE VERSION RELEASED ON OCTOBER 8) MUFG Bank, Ltd. A member of MUFG, a global financial group. Indonesia The central bank implemented an additional rate hike Bank Indonesia (BI), the central bank of Indonesia, decided to raise its benchmark 7-day Reverse Repo Rate by another basis points (bps) (from.% to.7%) at BI board of governors meeting held on -7 September. It is the fifth rate hike since May, bringing a total of bps hike, amid weaker rupiah on the back of USD appreciation and US interest rates rise as well as Indonesia s expanding current account deficit. The government adopted measures to stabilize its currency, such as a biofuel mandate to promote the use of fuel blended with domestic palm biodiesel (from September) and imposing higher corporate income taxes which are prepaid for imported consumer goods (from September). Furthermore, the government said it would review major development projects of state-owned companies which would require large-scale imports of capital goods. Current account deficit recorded USD -8. billion (-.% of Nominal GDP) in Apr-Jun, widened from the previous quarter (USD -.7 billion, -.% of Nominal GDP) as trade balance turned to a deficit for the first time in around four years owing to substantial expansion of imports on the back of solid domestic demand. Looking at financial account balance, direct investment and other investments continued to log a surplus. As a result, overall balance logged a deficit for the second consecutive quarter. 8 7 Chart:Consumer Price and Policy Rate Former Policy Rate CPI: Transportation, Communication and Finance CPI: Education, Recreation and Sports CPI: Health CPI: Clothing CPI: Housing, Electricity, Gas and Fuel CPI: Food Consumer Price Index Current Policy Rate 8 Chart : Balance of Payments (% of Nominal GDP) Net Error & Omissions Other Investment Portfolio Investment Direct Investment Current Account Balance Overall Balance Source: Indonesia Central Bureau of Statistics (BPS), (Year) Source: Indonesia Central Bureau of Statistics (BPS), (Year) Economic Monthly ASEAN & India October 8
2 . Malaysia Sales and Services Tax (SST) was reintroduced The Sales and Services Tax (SST) was reintroduced effective September, replacing the Goods and Services Tax (GST) which was withdrawn at the end of August. While GST was a multi-stage tax collected at every stage of the supply chain on the value added to goods sold or services supplied, SST is a single-stage tax collected only once when products shipped or services supplied. Under the SST,, items are taxable (Sales Tax), substantially reduced from,97 items listed under the GST, and, items are exempted (while items were initially determined as zero-rated under the GST). The government said the SST collection per year was expected to be around RM billion, as opposed to the GST collection of RM billion (7 estimates). CPI was +.% YoY in August, three-and-a-half year low Consumer Price Index (CPI) slowed to +.% YoY in August from the previous month (+.9% YoY), showing the lowest growth in three-and-a-half years. Transport (.% of total share) significantly slowed to +.% YoY from the previous month (+.7% YoY), together with zero rated Goods & Services Tax (GST) effective June, weighed on the overall index. Chart: Sales and Services Tax (SST) Chart : Consumer Price Tax Rate/ Number of Items Sales Tax % Sales Tax % Taxable Items (Definition/Examples) Alcohol, tobacco products,, Taxable goods that are manufactured, sold, used or bags, electrical appliances, toilet papers etc. disposed in Malaysia by a registered manufacturer; or 79 imported into Malaysia Camera, smartphone etc. 8 7 CPI: Others CPI: Communication CPI: Transport CPI: Furnishings, Household Equipment and Maintenance CPI: Housing,Water,Electricity,Gas & Other Fuels CPI: Food and Non Alcoholic Beverages CPI (Overall) (left axis) Policy Rate (right axis) (%) 8 7 Exemption Items listed under Exempted, (Sales Tax) Goods Meat, fish, egg, vegetable, milk, coffee, tea, sugar, bicycle etc. Services Tax % Taxable services that are provided in Malaysia by a registered person Hotel, restaurant, insurance, airline (domestic passenger air transport), credit card, etc. - - Exemption (Services Tax) Restaurant exemption: Canteens in educational institution or religious institution, airlines exemption: international flights and air transport route under Rural Air Services, etc. Note: The government will review the list of goods under the SST by year end Source: Royal Malaysian Customs Department (RMCD), various news reports, Source: Department of Statistics Malaysia, (Year) - -. Philippines Exports recorded +.% YoY in July, positive growth for the second consecutive month Exports was +.% YoY in July, registering positive growth, albeit a modest growth, for the second consecutive month. Looking at the breakdown by items, Electronic Products, which account for approximately % of total share, maintained low level particularly in products such as semiconductors. Meanwhile Other Manufactured Products and Mineral Products recovered. Imports also accelerated to +.% YoY. Looking at the breakdown, capital goods such as Telecom Equipment and Electronic Machines and raw materials both accelerated, and consumer goods maintained an increasing trend. As a result, trade balance recorded a deficit of USD -. billion, maintaining high level of deficit. Economic Monthly ASEAN & India October 8
3 The central bank implemented bps additional rate hike Bangko Sentral ng Pilipinas (BSP), the central bank of Philippines, decided to raise its benchmark Overnight Reverse Repo Rate by bps to.% on 7 September. It was the second consecutive bps rate increase following August and a total of bps hike since May. Consumer Price Index (CPI) recorded +.% YoY in August, far exceeding the target range (-%) for the last few months. This is on the back of the implementation of higher excise taxes since January, higher crude oil prices and weaker peso. Trade Balance (right axis) Exports Imports Chart : Trade Balance (USD bn) 7 Chart: Consumer Price and Policy Rate Others Transport Housing, Water, Electricity, Gas & Other Fuels Alcoholic Beverages & Tobacco Food & Non Alcoholic Beverages Consumer Price Index (CPI) CPI: Core Former Policy Rate Current Policy Rate (Year) Note: Exports/Imports figures represent three-month moving average Source: Philippine Statistics Authority, (Year) Source: Philippine Statistics Authority,. Singapore Industrial Production decelerated to +.% YoY in August Industrial Production was +.% YoY in August, decelerating for the third consecutive month. Looking at the breakdown, Electronics (approximately % share of total) slowed to +.% YoY, Biomedical Manufacturing (% share of total) and Chemicals (% share of total) also slowed from the previous month. Meanwhile Marine & Offshore Engineering (% share of total), which has continued to decline for three years until February this year, accelerated to +.% YoY on the back of rise in crude oil prices, increasing for the sixth consecutive month. Employment increased by +, QoQ in Apr-Jun The number of employment was.8 million (+, QoQ) in Apr-Jun, increasing for the third consecutive quarter. Looking at the breakdown by industries, employment in Services increased to.7 million (+7, QoQ). Looking at the breakdown of Services industry, employment in Retail Trade and Accommodation & Food Services declined while employment in highly specialized sectors such as Information & Communications, Financial & Insurance Services, Education and Transportation & Storage increased. Manufacturing was 8, (- QoQ), declining for the second consecutive quarter. While Food and Petroleum and Chemicals continued to increase, Transport Equipment and Materials continued declining following the previous quarter. Construction was, (-7 QoQ), declining for the eighth consecutive quarter. Economic Monthly ASEAN & India October 8
4 Chart : Industrial Production Others Chemicals Biomedical Manufacturing Marine & Offshore Engineering Electronics Industrial Production (QoQ, th) Chart : Employment Services Construction Manufacturing Employment Source: Singapore Economic Development Board, (Year) Source: Singapore Ministry of Manpower (MOM), (Yr). Thailand Trade surplus narrowed to USD million in August Exports stood at +.8% YoY in August, remaining solid. Looking at the breakdown of exports by items, Motor Vehicles and Auto Parts accelerated, Petroleum Products and Electronic and Electrical products also continued to increase. Imports also showed high growth of +.% YoY. Looking at the breakdown of imports by items, Electronic Parts, Telecommunication Equipment and Crude and Refined Products accelerated. Furthermore, an increase in import of Gold boosted total imports. As a result, trade surplus narrowed to USD million. CPI slowed to +.% YoY in September Consumer Price Index (CPI) slowed to +.% YoY in September. Looking at the breakdown, Transport & Communication maintained high growth on the back of rise in fuel prices, while the effect of rise in excise tax on cigarettes and alcoholic beverages last year has been lessened and weighed on the index. Core inflation rate was +.8% YoY, remaining low level. Chart : Trade Balance (USD bn). Chart : Consumer Price... - Trade Balance (right axis) - Exports (left axis) Imports (left axis) (Year) Source: Bank of Thailand (BOT), CPI: Others -. CPI: Transport & Communication CPI: Housing & Furnishing CPI: Food & Alcoholic Beverages -. Consumer Price Index (CPI) CPI (Core) (Year) Source: Bureau of Trade and Economic indices Ministry of Commerce Thailand, Economic Monthly ASEAN & India October 8
5 Jan-Mar Jan-Jun Jan-Sep Jan-Dec Jan-Mar Jan-Jun Jan-Sep Jan-Dec Jan-Mar Jan-Jun Jan-Sep Jan-Dec Jan-Mar Jan-Jun Jan-Sep Jan-Dec Jan-Mar Jan-Jun Jan-Sep Jan-Dec Jan-Mar Jan-Jun Jan-Sep Jan-Dec. Vietnam Real GDP growth was +.9% YoY in Jul-Sep, remaining solid Real GDP growth slightly accelerated to +.9% YoY in Jul-Sep from +.7% YoY in Apr-Jun. Looking at the growth in Jan-Sep (+7.% YoY) by industries, Services (+.9% YoY) remained solid backed by firm domestic demand and Construction (+8.% YoY) accelerated its growth from Jan-Jun (+7.9% YoY). Manufacturing also remained high (+.7% YoY), supported by export expansion. Meanwhile, Mining and Quarrying (-.% YoY) remained low level. Trade surplus widened to USD. billion Jul-Sep Exports stood at +.% YoY in Jul-Sep, accelerating from the previous quarter (+9.% YoY). While Food, Agricultural and Fishery Products grew at a sluggish pace, Telecommunication Equipment and Parts, Electronic Products and Garments and Footwear remained solid and Coal and Oil accelerated. Meanwhile, imports also accelerated to +.8% from the previous quarter (+.% YoY) mainly boosted by growth of Electronic Products and Motor Vehicles. As a result, trade surplus widened to USD. billon from USD. billion in the previous quarter. Chart:Real GDP Chart : Trade Balance (YTD YoY, %) (YoY,%) Trade Balance (right axis) Exports (left axis) Imports (left axis) (USD bn) Real GDP (%) Agriculture, Forestry and Fishery (%) Mining (7%) Manufacturing (7%) Construction (%) Service (9%) Note: Cumulative YTD. Figures in ( ) shows the % share in total GDP (7). Source: General Statistics Office of Vietnam, (Year) Source: General Statistics Office of Vietnam, - 7. India Current account deficit widened to -.% of Nominal GDP in Apr-Jun Current account balance was USD -.8 billion (-.% of Nominal GDP) in Apr-Jun, deficit widened from the previous quarter (USD -. billion, -.9% of Nominal GDP). Looking at the breakdown, trade deficit increased to USD -.7 billion from USD -. billion in the previous quarter which led to a widening of current account deficit. Meanwhile, balance on services and balance on income maintained surplus. Looking at financial account balance, a surplus of direct investment widened for the second consecutive quarter and other investments also continued to log a surplus while portfolio investment logged a deficit (USD -8. billion) for the first time in a year-and-a-half. In reaction to weakening rupee, the government on September announced the measures to stabilize the currency such as encouraging capital inflows and curving non-essential imports. Economic Monthly ASEAN & India October 8
6 Motor vehicle sales was +.% YoY in August, increasing for the fourteenth consecutive month Motor vehicle sales (based on the shipments by manufacturers) recorded +.% YoY in August, increasing for the fourteenth consecutive month supported by a jump (+9.% YoY) of commercial vehicles sales although passenger vehicles sales recorded a decline ( -.% YoY). (% of Nominal GDP) Chart:Balance of Payments Current Account Portfolio Investment Error FDI Other Investment Overrall Balance Chart : Motor Vehicle Sales Motor Vehicle Sales (right axis) YoY (left axis) (th) Source: Reserve Bank of India (RBI), (Year) Government of India Central Statistics Offic (CSO), Source: Society of Indian Automobile Manufacturers (SIAM), (Year) Economic Monthly ASEAN & India October 8
7 Appendix: Economic indicators in major Asian economies Indonesia Major Economic Indicators Nominal GDP (USD bn) 8 9, Population (person mn) GDP Per Capita (USD),7,, Q 8Q Q Q JUN-8 JUL AUG SEP Real GDP Growth Rate (.9) (.) (.) (.) (.) (.) Industrial Production Index (.8) (.) (.7) (.) (.) (.) (-.) (9.) Domestic Motor Vehicle Sales (Unit),,9,,79,79, 7,7 9,, 8,8 7,7,97 (-.) (.9) (.) (-.) (.9) (.8) (-.) (.9) (.) Consumer Price Index* (.) (.) (.8) (.) (.) (.) (.) (.) (.) (.) (.9) Exports (fob) (USD mn),,8 8,7,,7,7,97,9,88 (-.) (-.) (.) (.) (8.8) (.) (.) (9.7) (.) Imports (cif) (USD mn),9,,99,9,99,9,8 8,97,8 (-9.9) (-.9) (.7) (.) (.) (.) (.8) (.7) (.7) Trade Balance (USD mn) 7,7 9,, ,7,77 -,7 -, Current Account Balance (USD mn) -7,9 -,9-7,7 -,8 -,77-8,8 Total Reserves Minus Gold (USD mn),8,9,87,87, BI Rate 7. 7-day Reverse Repo Rate Exchange Rate (IDR/USD)*,9,,8,,8,79,97,,,,87 Stock Index,9.,9.7,.7,.7,89.,799.,97.,799.,9.,8.,97. Note: *Average value during the period, End-of-period values. 7-day Reverse Repo Rate w as adopted as benchmark on August 9,. Source: Bank Indonesia (BI), CEIC, Bloomberg etc, Malaysia Major Economic Indicators Nominal GDP (USD bn) Population (person mn) Q 8Q Q Q JUN-8 JUL AUG SEP GDP Per Capita (USD) 9, 9,99 9,87 Real GDP Growth Rate (.) (.) (.9) (.9) (.) (.) Industrial Production Index (.) (.) (.) (.) (.9) (.8) (.) (.) Motor Vehicle Sales (Unit),7 8,8 7,7,9,8,7, 8,, (.) (-.) (-.) (-.7) (-.) (7.) (8.) (.) (.8) Consumer Price Index (.) (.) (.8) (.) (.8) (.) (.8) (.9) (.) Exports (fob) (USD mn) 99,88 89,798 7,77 8,879,,7 9,, (-.9) (-.7) (.7) (.8) (9.) (8.7) (.) (.8) Imports (cif) (USD mn) 7, 8, 9,79,,, 8, 9, (-.7) (-.) (.) (9.) (.) (8.9) (.) (.8) Trade Balance (USD mn),,,978,7 8,,897,,9 Current Account Balance (USD mn) 9,9 7, 9,,7,87 99 Total Reserves Minus Gold (USD mn) 9,979 9,7,878,878,,8,8,979 Three-month KLIBOR (%) Exchange Rate (MYR/USD)* Stock Index,9.,.7,79.8,79.8,8.,9.,79.,9.,78.,89.7,79. Note: *Average value during the period, End-of-period values Source: Bank Negara Malaysia (BNM), CEIC etc, Philippines Major Economic Indicators Nominal GDP (USD bn) 9 Population (person mn) Q 8Q Q Q JUN-8 JUL AUG SEP GDP Per Capita (USD),88,9,989 Real GDP Growth Rate (.) (.9) (.7) (.) (.) (.) Industrial Production Index (.) (.9) (-.) (-7.) (.) (.) (.) (.8) Domestic Motor Vehicle Sales (Unit),,88 7,9,8 8,7 8,98 9,9 8, (9.) (.9) (7.) (.) (-8.) (-.) (-.9) (-.) Consumer Price Index (.7) (.) (.9) (.) (.) (.) (.) (.7) (.) Exports (fob) (USD mn) 8,87 7, 8,7,88,8 7,,8,8 (-.) (-.) (9.7) (.) (-.) (-.) (.8) (.) Imports (cif) (USD mn) 7,7 8,8 9,9,77, 7, 9, 9,97 (8.7) (8.) (.) (.) (.9) (9.) (.) (.) Trade Balance (USD mn) -, -,7-7,8-9,87-8,8 -,8 -,88 -, Current Account Balance (USD mn) 7, -,99 -, -, - -,9-8 Total Reserves Minus Gold (USD mn) 7,9 7, 7, 7, 7, 9, 9, 8,9 7, TB Rate.8. NA NA Exchange Rate (PHP/USD)* Stock Index,9.,8. 8,8. 8,8. 7, ,9.7 7,7.8 7,9.7 7,7. 7,8.7 7,7.8 Note: *Average value during the period, End-of-period values. Domestic Motor Vehicle Sales: Quarterly/Monthly sales are based on data by Chamber of Automotive Manufacturers of the Philippines (CAMPI) /only Calender Year sales include data by Association of Vehicle Importers and Distributors (AVID) (some are duplicated). Source: Philippine Statistics Authority, Bangko Sentral ng Pilipinas(BSP), IMF, CEIC etc, 7 Economic Monthly ASEAN & India October 8
8 Singapore Major Economic Indicators Nominal GDP (USD bn) Population (person mn) Q 8Q Q Q JUN-8 JUL AUG SEP GDP Per Capita (USD),99, 7,7 Real GDP Growth Rate (.) (.) (.) (.) (.) (.9) Industrial Production Index (IPI) (-.) (.7) (.) (.8) (.8) (.) ( 8.) (.7) (.) Real Retail Sales Index (RSI) (.) (.) (.) (.) (-.8) (.) (.) (-.) Consumer Price Index (-.) (-.) (.) (.) (.) (.) (.) (.) (.7) Exports (fob) (SGD mn) 9,8,9,,9 8, 8,,9 8,9, (-.) (-.) (.) (.) (.) (9.) (8.) (.) (.) Imports (cif) (SGD mn),,,,98,8,,,,8 (-.) (-.7) (.) (9.) (.8) (.) (.7) (.) (.) Trade Balance (SGD mn) 8,,7,899,9,8,,9,7, Current Account Balance (SGD mn) 77,8 8,97 8, 7,7,,8 Total Reserves Minus Gold (USD mn) 7,, 79,9 79,9 8,9 87,8 87,8 89, Three-month SIBOR (SGD,%) Exchange Rate (SGD/USD)* Stock Index,88.7,88.8,.9,.9,8.,8.7,7.,8.7,9.9,.,7. Note: *Average value during the period, End-of-period values Source: Singapore Department of Statistics, CEIC etc, Thailand Major Economic Indicators Nominal GDP (USD bn) Population (person mn).7.9. GDP Per Capita (USD),8,9,88 7 7Q 8Q Q Q JUN-8 JUL AUG SEP Real GDP Growth Rate (.) (.) (.9) (.) (.9) (.) Industrial Production Index (.) (.) (.) (.) (.) (.7) (.) (.9) (.7) Private Consumption Indicator (.) (.8) (.7) (.) (.) (.) (.7) (.) (.) Motor Vehicle Sales (Unit) 799, 78,788 87,7,9 7,9, 87,8 8,9 8,8 (-9.) (-.9) (.) (8.) (.) (.) (.9) (.7) (7.7) Consumer Price Index (-.9) (.) (.7) (.9) (.) (.) (.) (.) (.) (.) (.) Unemployment Rate (%)* Exports (fob) (USD mn),,,7,,788,,7,,8 (-.) (.) (9.8) (.) (9.9) (.) (.) (8.) (.8) Imports (cif) (USD mn) 87,8 77,7,7,98, 7, 8,88 9,,77 (-.) (-.) (.) (.) (7.9) (.8) (.9) (.) (.) Trade Balance (USD mn),798,9, 7,,,8,87 88 Current Account Balance (USD mn), 8,8,,9,7,,,8 7 Capital and Financial Account (USD mn) -,799 -,8 -,9 -, -, -,9-7, -8 -,7 External Debt (USD mn),78,8,, 7,8, Total Reserves Minus Gold (USD mn),,7 9, 9, 9,,9,9 99, 98,9 One-day Repo Rate (%) Exchange Rate (THB/USD)* Stock Index,88.,.9,7.7,7.7,77.,9., Note: *Average value during the period, End-of-period values Source: Bank of Thailand (BOT), NESDB, CEIC etc, Vietnam Major Economic Indicators Nominal GDP (USD bn) 9 Population (person mn) Q 8Q Q Q JUN-8 JUL AUG SEP GDP Per Capita (USD),9,,8 Real GDP Growth Rate (.7) (.) (.8) (7.7) (7.) (.7) (.9) Industrial Production Index (9.8) (7.) (9.) (.) (.7) (8.) (.7) (.) (.) (.) (9.) Domestic Motor Vehicle Sales (Unit) 8,8 7,8,,78 8,8,,7, 9, (.) (.) (-7.8) (-.) (-.7) (-.) (-.) (.) (-7.) Consumer Price Index (.) (.7) (.) (.7) (.8) (.8) (.) (.7) (.) (.) (.) Exports (fob) (USD mn),7 7,8,9,9,8 8,, 9,8,,8, (7.9) (9.) (.8) (.) (.) (9.) (.) (.) (.8) (8.) (.) Imports (cif) (USD mn),7 7,8,7 7,8,98 7,,8 9,,9,8 9,8 (.) (.) (.9) (7.) (.7) (.) (.8) (.9) (.) (.) (8.) Trade Balance (USD mn) -,,777,,9,7,7, 799 -,97 7 Current Account Balance (USD mn) 9 8,,,8,9, Total Reserves Minus Gold (USD mn) 8,,7 9,7 9,7, Refinancing Rate Exchange Rate (VND/USD)*,9,,78,77,7,8,,8,98,9,88 Stock Index , , ,7. Note: *Average value during the period, End-of-period values Source: General Statistics Office of Vietnam, State Bank of Vietnam (SBV), IMF, CEIC etc, 8 Economic Monthly ASEAN & India October 8
9 India Major Economic Indicators Nominal GDP (USD bn),,7, Population (person mn),8,99, FY FY FY7 FY7Q FY7Q FY8Q FY8Q JUN-8 JUL AUG SEP GDP Per Capita (USD),9,7,977 Real GDP Growth Rate (8.) (7.) (.7) ( 7.) ( 7.7) ( 8.) Industrial Production Index (IPI) (.) (.) (.) (.9) (.) (.) (.9) (.) Motor Vehicle Sales: Passenger Vehicle (PV),789,8,7,79,88, 79,9 8,8 87, 7,79 9,9 87,8 (7.) (9.) (7.9) (.) (7.) (9.9) (7.) (-.7) (-.) Wholesale Price Index (-.) (.8) (.9) (.8) (.8) (.7) (.7) (.) (.) (.9) (.) (.) (.) (.) (.8) (.9) (.) (.7) Exports (fob) (SGD mn),9 7,8,7 77, 8, 8,97 7,,9 7,87 (-.) (.) (.) (.) (.) (.) (8.7) (.) (9.) Imports (cif) (USD mn) 8,8 8,7,7,9,7 8,9,89,79, (-.) (.9) (.9) (7.9) (.) (.) (.9) (8.) (.) Trade Balance (USD mn) -8,77-8, -, -,98 -,78 -, -7,89-7,8-7, Current Account Balance (USD mn) -,88 -, -8, -,7 -,7 -,87 Total Reserves Minus Gold (USD mn),89,9,7 89,,7 8, 8, 8,777 Repo Rate(%) Exchange Rate (INR/USD)* Stock Index, 9,,99,7,99,,7, 7,7 8,,7 Note: *Average value during the period, End-of-period values. "Motor Vehicle Sales" include Utility Vehicle (UV) and Multipurpose Vehicle (MPV). Source: Reserve Bank of India (RBI), Central Statistics Office, CEIC etc, 9 Economic Monthly ASEAN & India October 8
10 Cambodia Major Economic Indicators 7 Nominal GDP (USD bn) 7 8 Population (person mn) GDP Per Capita (USD) ,,,,, Real GDP Growth Rate (7.) (7.) (7.) (7.) (.9) (7.) (.9) Consumer Price Index (.) (.9) (.9) (.9) (.) (.) (.9) Current Account Balance (USD mn) -,9 -, -,7 -,8 -,7 -,97 -,8 Trade Balance (USD mn) -,7 -,8 -, -,8 -,99 -,8 -,78 Total Reserves Minus Gold (USD mn),,7,,,88 8,9, External Debt (USD mn),7,8 7, 7,9 9,8, NA Exchange Rate (KHR/USD)*,9,,7,8,8,9, Myanmar Major Economic Indicators 7 Nominal GDP (USD bn) 9 7 Population (person mn) GDP Per Capita (USD),8,7,9,,,9, Real GDP Growth Rate. ( 7.) ( 8.) ( 8.) ( 7.) (.9) (.8) Consumer Price Index (.) (.) ( 8.9) (.) ( 9.) (.9) (.) Current Account Balance (USD mn) -, -,8 - -,9 -,9 -, -,78 Trade Balance (USD mn) -9 -, -, -, -,9 -, Total Reserves Minus Gold (USD mn) 7,,9 8,,8,,9,9 External Debt (USD mn) 8,9 7,8 7,,,7, NA Exchange Rate (MMK/USD)* ,.,.87,. Bangladesh Major Economic Indicators 7 Nominal GDP (USD bn) Population (person mn) GDP Per Capita (USD) ,,,7, Real GDP Growth Rate. (.) (.) (.) (.) (7.) (7.) Consumer Price Index (.9) (8.7) (.8) (7.) (.) (.9) (.) Current Account Balance (USD mn) -,8-7,88,9,9, -,8 Trade Balance (USD mn) -, -,7 -, -,8 -,9 -,8-9,7 Total Reserves Minus Gold (USD mn) 8,, 7,,78 7,,77,89 External Debt (USD mn) 7,77 8,9,99, 8,88, NA Exchange Rate (BDT/USD)* Pakistan Major Economic Indicators 7 Nominal GDP (USD bn) Population (person mn) GDP Per Capita (USD),9,88,9,,9,,9 Real GDP Growth Rate (.7) (.) (.) (.7) (.7) (.) (.) Consumer Price Index (.7) (.) (7.) (8.) (.) (.9) (.) Current Account Balance (USD mn) -,8 -,9 -, -,79 -,87 -, Trade Balance (USD mn) -, -, -9,8 -, -,88 -,8 -,7 Total Reserves Minus Gold (USD mn),8,,,87 7,8 9,,7 External Debt (USD mn),9, 7,88,7,77 7,97 NA Exchange Rate (PKR/USD)* Note: *Average value during the period, End-of-period values. Trade balance is BOP base. Myanmar's Nominal GDP, Real GDP Growth Rate, GDP Per Capita and External Debt are FY (Apr-Mar) base. Myanmar's exchange rate system was transformed from fixed exchange rate system to managed float regime in April. Bangladesh and Pakistan's Nominal GDP, GDP Per Capita, Real GDP Grow th Rate, Current Account Balance and Trade Balance are FY (Jul-Jun) base. Source: ADB, IMF, Economic Monthly ASEAN & India October 8
11 Appendix: Comparison of economic indicators in major Asian economies. Nominal GDP (USD bn) ,88 8, 97, 9 7 7,87 9,8 7, ,, 9, ,,97 9 8,8 9 97,7,9, 7,,, 7,. Population (person mn) ,., ,., ,7., ,8., ,99., ,., GDP Per Capita (USD),79,8,9,7,7,7,9,,,,7,79,9,78 7,,9,98,8 7, 8,,97,9,8,89,89 7,7,7,, 7,,8,87 7,87,7 9,,88,99,8,9,9 7,978,,8 7,, 9,99,9,,9,,7 8,97,99, 7, 7,878 9,87,989 7,7,88,8,977 8,87,,7 9,78. Real GDP Growth Rate Q Q Q Q.9. Consumer Price Index Note: India's figures are FY (Apr-Mar) base. Source: Individual country statistics, IMF, CEIC, Economic Monthly ASEAN & India October 8
12 . Total Reserves Minus Gold (USD bn) , , , , , ,9 8 Sep ,8 9 8 Oct ,8 9 8 Nov ,8 8 Dec ,9 8 Jan ,8 9 Feb-8 7 8, 9 Mar , 9 Apr , 9 May ,9 9 Jun , 9 Jul ,7 98 Aug External Debt (USD bn)(end-of-period value) , , ,78, ,8, ,, ,7, Exchange Rate to USD (Average value during the period) 9, , ,7,8....7, ,9, , ,, , ,, , , 7, , , Source: Individual country statistics, IMF, World Bank, Bloomberg, For further details, please contact the Economic Research Office, MUFG Bank Managing Director, Yasuhiro Ishimaru Tel: +8-()-- Written by Aki Fukuchi <aki_fukuchi@mufg.jp> Yuma Tsuchiya <yuma_tsuchiya@sg.mufg.jp> Makiko Stokes <makiko_stokes@sg.mufg.jp> This report is intended for information purposes only and shall not be construed as solicitation to take any action such as purchasing/selling/investing financial market products. In taking any action, each reader is requested to act on the basis of his or her own judgment. This report is based on information believed to be reliable, but we do not guarantee its accuracy. The contents of the report may be revised without advance notice. Also, this report is a literary work protected by the copyright act. No part of this report may be reproduced in any form without express statement of its source. This report is also available for viewing online. Economic Monthly ASEAN & India October 8
Economic Monthly ASEAN & India
Economic Monthly ASEAN & India AKI FUKUCHI, SHOHEI TAKASE ECONOMIC RESEARCH OFFICE TOKYO YUMA TSUCHIYA, MAKIKO STOKES ECONOMIC RESEARCH OFFICE SINGAPORE 1 DECEMBER 1 (ORIGINAL JAPANESE VERSION RELEASED
More informationEconomic Monthly ASEAN & India
Economic Monthly ASEAN & India AKI FUKUCHI ECONOMIC RESEARCH OFFICE TOKYO YUMA TSUCHIYA ECONOMIC RESEARCH OFFICE SINGAPORE JULY 8 (ORIGINAL JAPANESE VERSION RELEASED ON JULY 8) MUFG Bank, Ltd. A member
More informationEconomic Monthly ASEAN & India
Economic Monthly ASEAN & India AKI FUKUCHI ECONOMIC RESEARCH OFFICE TOKYO YUMA TSUCHIYA ECONOMIC RESEARCH OFFICE SINGAPORE APRIL 8 (ORIGINAL JAPANESE VERSION RELEASED ON APRIL 8) MUFG Bank, Ltd. A member
More informationEconomic Monthly ASEAN & India
Economic Monthly ASEAN & India AKI FUKUCHI ECONOMIC RESEARCH OFFICE TOKYO YUMA TSUCHIYA ECONOMIC RESEARCH OFFICE SINGAPORE 13 NOVEMBER 17 (ORIGINAL JAPANESE VERSION RELEASED ON OCTOBER 17) The Bank of
More informationEconomic Monthly ASEAN & India
Economic Monthly ASEAN & India AKI FUKUCHI ECONOMIC RESEARCH OFFICE TOKYO YUMA TSUCHIYA, MAKIKO STOKES ECONOMIC RESEARCH OFFICE SINGAPORE 27 NOVEMBER 218 (ORIGINAL JAPANESE VERSION RELEASED ON NOVEMBER
More informationEconomic Monthly ASEAN & India
Economic Monthly ASEAN & India AKI FUKUCHI ECONOMIC RESEARCH OFFICE TOKYO YUMA TSUCHIYA ECONOMIC RESEARCH OFFICE SINGAPORE 8 FEBRUARY 218 (ORIGINAL JAPANESE VERSION RELEASED ON 1 FEBRUARY 218) The Bank
More informationEconomic Monthly ASEAN & India
Economic Monthly ASEAN & India AKI FUKUCHI ECONOMIC RESEARCH OFFICE TOKYO YUMA TSUCHIYA ECONOMIC RESEARCH OFFICE SINGAPORE 3 JANUARY 8 (ORIGINAL JAPANESE VERSION RELEASED ON JANUARY 8) The Bank of Tokyo-Mitsubishi
More informationThe Outlook for Asian & Australian Economies
The Outlook for Asian & Australian Economies Stable growth to continue led by domestic demand, impact of US-China trade conflict will bear watching AKI FUKUCHI, YOKO HAGIWARA, SHOHEI TAKASE ECONOMIC RESEARCH
More informationThe Outlook for Asian & Australian Economies
The Outlook for Asian & Australian Economies Asian economies maintain stable growth led by domestic demand although growth pace slows down slightly AKI FUKUCHI, YOKO HAGIWARA ECONOMIC RESEARCH OFFICE TOKYO
More informationAsia Bond Monitor November 2018
7 December 8 Key Developments in Asian Local Currency Markets T he monetary board of the Bangko Sentral ng Pilipinas decided to keep its key policy rates steady during its final meeting for the year on
More informationThe Outlook for Asian & Australian Economies
The Outlook for Asian & Australian Economies Stable growth will continue backed by solid domestic demand and an expansion of export to advanced countries 16 MARCH 18 (ORIGINAL JAPANESE VERSION RELEASED
More informationBTMU ASEAN TOPICS. YUMA TSUCHIYA ECONOMIC RESEARCH OFFICE SINGAPORE 23 JANUARY 2018
BTMU ASEAN TOPICS YUMA TSUCHIYA ECONOMIC RESEARCH OFFICE SINGAPORE yuma_tsuchiya@sg.mufg.jp 23 JANUARY 218 (ORIGINAL JAPANESE VERSION RELEASED ON 28 DECEMBER 217) The Bank of Tokyo-Mitsubishi UFJ, Ltd.
More informationAsia Bond Monitor March 2015
June 1 asianbondsonline.adb.org Key Developments in Asian Local Currency Markets Consumer price inflation in Malaysia accelerated to.1% year-on-year (y-o-y) in May from 1.8% y-o-y in April, mainly due
More informationValentyn Povroznyuk, Radu Mihai Balan, Edilberto L. Segura
September 214 GDP grew by 1.2% yoy in Q2 214. Industrial output growth was equal to 1.4% yoy in June 214. The consolidated budget deficit narrowed to.2% of GDP in January-July 214. Consumer inflation slightly
More information2.1 Supply. Economic and Monetary Conditions, July Nominal Farm Income. Real Farm Income
Economic and Monetary Conditions, y 2.1 Supply Farm income expanded from the same period last year as supported mainly by increased agricultural production, while agricultural prices slightly contracted.
More informationAsianBondsOnline WEEKLY DEBT HIGHLIGHTS
AsianBondsOnline WEEKLY 9 January 7 asianbondsonline.adb.org Key Developments in Asian Local Currency Markets Consumer price inflation in Indonesia eased to.% year-on-year (y-o-y) in December from.6% y-o-y
More informationAsia Bond Monitor November 2015
1 February 16 asianbondsonline.adb.org Key Developments in Asian Local Currency Markets Bangko Sentral ng Pilipinas (BSP) decided on 11 February to keep unchanged the overnight borrowing rate at.% and
More informationAsia Bond Monitor November 2018
January 9 asianbondsonline.adb.org Key Developments in Asian Local Currency Markets L ast week, the Philippines raised USD. billion from the sale of -year global bonds priced at basis points above benchmark
More information2.1 Supply. Nominal Farm Income. Economic and Monetary Conditions, June Real Farm Income. Manufacturing Production Index (MPI)
Economic and Monetary Conditions, June 2.1 Supply Farm income expanded from the same period last year as supported mainly by increased agricultural production, while agricultural prices continued to contract
More informationKBank Capital Markets Perspectives 29 February 2016
KBank Capital Markets Perspectives 29 February 2016 Thailand Economic Monitor and BoT Forecast : March 2016 Thailand s economy steadied in February, though domestic demand decelerated slightly from January
More informationAPPENDIX: A SNAPSHOT OF INDONESIAN ECONOMIC INDICATORS
APPENDIX: A SNAPSHOT OF INDONESIAN ECONOMIC INDICATORS Appendix Figure : Quarterly and annual GDP growth (percent growth) Appendix Figure : Contributions to GDP expenditures (quarter-on-quarter, seasonally
More information2.1 Supply. Nominal Farm Income. Bank of Thailand, November Real Farm Income
Bank of Thailand, November 2.1 Supply Farm income contracted from both decreased agricultural prices and production. Manufacturing and services sector activities expanded from the same period last year.
More informationAsia Bond Monitor June 2018
September 8 asianbondsonline.adb.org Key Developments in Asian Local Currency Markets Japan s industrial production fell.% on a month-on-month (m-o-m) basis but rose.% on a year-on-year (y-o-y) basis in
More informationInflation Remains Tepid in November at 0.2% as Transport Cost Trending Downward
19 December 2018 ECONOMIC REVIEW November 2018 Consumer Price Index Inflation Remains Tepid in November at 0.2% as Transport Cost Trending Downward Headline inflation back to near 4-year low. Consumer
More informationBroad Money and Its Affecting Factors
Broad Money and Its Affecting Factors wa e Weaker growth of broad money (M2) remained in e. It grew 13.0, lower than 13.4 growth in. The deceleration of M2 growth was dragged by Quasi Money (Time and Saving
More informationMonthly Economic Insight
Monthly Economic Insight Prepared by : TMB Analytics Date: 22 February 2018 Executive Summary Synchronized global economic growth continued to brighten global economic outlook and global trade outlook.
More informationMalaysia. Real Sector. Economic recovery is gaining momentum.
Malaysia Real Sector Economic recovery is gaining momentum. Malaysia s economy grew 4.7% in the first three quarters of 23, well above the year-earlier pace of 3.7%. GDP rose 5.1% in the third quarter,
More informationMonitoring the Philippine Economy
Monitoring the Philippine Economy Second Quarter Report for 2015 Project of Angelo King Institute Mitzie Irene P. Conchada 1 Assistant Professor School of Economics Edgardo Manuel Jopson BS-MS Economics
More informationSupply. Nominal Farm Income. Economic and Monetary Conditions, Febuary Real Farm Income. Manufacturing Production Index (MPI)
Economic and Monetary Conditions, Febuary Supply Farm income continued to contract, attributed mainly to decreased agricultural prices which outweighed the expansion in agricultural production. Manufacturing
More information2.1 Supply. Nominal Farm Income. Bank of Thailand, October 2017
Bank of Thailand, October 2.1 Supply Farm income contracted from both decreased agricultural prices and output. Manufacturing production remained unchanged from the same period last year. The overall services
More informationSACU INFLATION REPORT. July 2018
SACU INFLATION REPORT July 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall not
More informationThailand Macroeconomic Assessment Bank of Thailand, June Jun. (%MoM) -0.3% -4.2% +1.3% (%) (%MoM)
Thailand Macroeconomic Assessment Bank of Thailand, June Farm income increased due mainly to higher farm prices while farm production remained low. Manufacturing production expanded slightly from the previous
More information2.1 Supply. Bank of Thailand, January Nominal Farm Income. Manufacturing Production Index (MPI)
Bank of Thailand, uary 2.1 Supply Farm income continually increased but concentrated in certain crops and regions. Service sector continued to expand, especially for tourism-related activities on the back
More informationAsia Bond Monitor November 2018
January 9 asianbondsonline.adb.org Key Developments in Asian Local Currency Markets Japan s November industrial production was revised upward to.% year-on-year (y-o-y) from the preliminary estimate of.%
More informationRadu Mihai Balan, Edilberto L. Segura
April 15 GDP expanded by.9% yoy in 1, reaching EUR 15.7 billion. Industrial output expanded 1.% yoy in January, slowing down from 3.1% yoy in December. The consolidated budget deficit posted a.33% of GDP
More informationSACU INFLATION REPORT. October 2018
SACU INFLATION REPORT October 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationEconomic and Financial Market Highlights (20-26 March 2010)
Economic and Financial Market Highlights (-6 March ) Indicators continue to point to strong recoveries amidst rising inflation, but with lingering concerns about the global outlook and sluggish decline
More informationAsianBondsOnline WEEKLY DEBT HIGHLIGHTS
AsianBondsOnline WEEKLY October 6 asianbondsonline.adb.org Key Developments in Asian Local Currency Markets T he People s Republic of China s (PRC) gross domestic product (GDP) grew 6.7% year-on-year (y-o-y)
More informationKASIKORNBANK. Investor Presentation. Monthly Economic Information By KASIKORN RESEARCH CENTER. June 2017
KASIKORNBANK Investor Presentation Monthly Economic Information By KASIKORN RESEARCH CENTER June 7 For further information, please contact Investor Relations Unit or visit our website at www.kasikornbankgroup.com
More informationVietnam grew quicker than expected in 3Q
September 9, 1 Global Markets Research Economics - Vietnam Vietnam grew quicker than expected in 3Q Vietnam s economy grew.93 in the past nine months (1H: +.) as momentum in the manufacturing and services
More informationROYAL MONETARY AUTHORITY OF BHUTAN SELECTED ECONOMIC INDICATORS
ROYAL MONETARY AUTHORITY OF BHUTAN SELECTED ECONOMIC INDICATORS JUNE 2012 ROYAL MONETARY AUTHORITY OF BHUTAN SELECTED ECONOMIC INDICATORS Vol.26 No.2 JUNE 2012 Postal Address Royal Monetary Authority of
More informationSupply. Nominal Farm Income. Economic and Monetary Conditions, March Real Farm Income. Manufacturing Production Index (MPI)
Economic and Monetary Conditions, March Supply Farm income continued to decline from the same period last year albeit at a decelerated rate, attributed mainly to decreased agricultural prices which outweighed
More informationKazakhstan s economy expanded by 4.2% in 1H17, supported by growth in mining, manufacturing, construction and transportation sectors
Economics Research Desk Market Highlights: Kazakhstan 18 July 2017 Kazakhstan s economy expanded by 4.2% in 1H17, supported by growth in mining, manufacturing, construction and transportation sectors Review
More informationSACU INFLATION REPORT. December 2017
SACU INFLATION REPORT December 20 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall not
More informationSri Lanka: Recent Economic Trends. January 2018
Sri Lanka: Recent Economic Trends January 2018 1 Agenda Summary Economic Growth Inflation and Monetary Policy External Account Fiscal Scenario of Government of Sri Lanka ICRA Lanka Limited 2 2 Agenda Summary
More informationSupply. Bank of Thailand, December Nominal Farm Income. Real Farm Income. Manufacturing Production Index (MPI)
Bank of Thailand, December Supply Farm income continued to decline from decreased agricultural prices which outweighed the expansion in agricultural production Manufacturing production expanded from the
More informationQUARTERLY ECONOMIC REVIEW (QER)
QUARTERLY ECONOMIC REVIEW (QER) Volume 2 No 4 January - March 2018 OBJECTIVES OF THE CENTRAL BANK OF KENYA The principal objectives of the Central Bank of Kenya (CBK) as established in the CBK Act are:
More informationBNM Maintains OPR at 3.25%, Hawkish About Economic Outlook
7 March 2018 ECONOMIC REVIEW March 2018 BNM MPC BNM Maintains OPR at 3.25%, Hawkish About Economic Outlook Overnight Policy Rate maintained at 3.25%. In line with our expectation, overnight policy rate,
More informationRomania Macroeconomic Situation
November 13 Valentyn Povroznyuk, Radu Mihai Balan, Edilberto L. Segura GDP grew by.7% over 9 months of 13. Industrial production grew by.3% yoy in August 13. The consolidated budget deficit reached 1.3%
More informationJapan Economic Monthly
Japan Economic Monthly Signs of a Full-Scale Capital Expenditures Recovery among large Enterprises REI TSURUTA TOORU KANAHORI ECONOMIC RESEARCH OFFICE 1 SEPTEMBER (ORIGINAL JAPANESE VERSION RELEASED ON
More informationGDP Forecast Revised Due to Weak Global Outlook
5 July 2016 MONTHLY ECONOMIC REVIEW Jun 2016 GDP Forecast Revised Due to Weak Global Outlook Exports were down by 0.9%yoy in May, while trade balance moderated to RM3.2 billion. This was largely due to
More informationSACU INFLATION REPORT. November 2018
SACU INFLATION REPORT November 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationBANK OF TANZANIA. Monthly Economic Review
BANK OF TANZANIA Monthly Economic Review February 2011 1 TABLE OF CONTENTS 1.0 Inflation Developments... 3 Food Supply Situation... 5 2.0 Monetary and Financial Markets Developments... 6 Money Supply and
More informationGlobal Markets Group. Trade Performance: Narrowing Surplus Author: Juniman Chief Economist. Economic Research. Trade Outlook Monthly Report
Global Markets Group Trade Outlook Monthly Report Economic Research November 2016 Trade Performance: Narrowing Surplus Author: Juniman Chief Economist Trade Highlights Exports in September 2016 fell to
More informationPPI Inched Up 0.1% in Jun-18 Driven By Rising Commodity Price
31 July 2018 ECONOMIC REVIEW June 2018 Producer Price Index Inched Up 0.1% in Jun-18 Driven By Rising Commodity Price grew for the first time in 2018. Malaysia s producer prices increased by 0.1%yoy in
More informationModerating External Trade Caused IPI to Hit 3-Month Low at 3%
12 July 2018 ECONOMIC REVIEW May 2018 Industrial Production Index Moderating External Trade Caused IPI to Hit 3-Month Low at 3% IPI meets market estimates. Malaysia s industrial production expands by 3%yoy
More informationSACU INFLATION REPORT. February 2018
SACU INFLATION REPORT February 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationSACU INFLATION REPORT. April 2018
SACU INFLATION REPORT April 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall not
More informationNielsen s FMCG Index & Fuel Index Jan 2014 = 100 Jan 2014 = 100. Service Index* & Net Tourist Spending Index Jan 2014 = 100
1 = Nielsen s FMCG Index & Fuel Index = = 115 105 95 85 Durable and Semi-durable Indices Nielsen s FMCG Index sa, 3mma Fuel Index, sa Fuel Index sa, 3mma (RHS) Semi-durable Index sa,3mma Durable Index
More informationJul 2018 = 20.3 Bn USD Ex. Gold = 20.1 Bn USD. H1 H2 H1 Q1 Q2 Jun Jul
1 Jun = 21.8 Bn USD Ex. Gold = 21.3 Bn USD %YoY Export Value Source: Compiled from Customs Department s data P = Preliminary data = 20.3 Bn USD Ex. Gold = 20.1 Bn USD P P Share P P H1 H2 H1 Q1 Q2 Jun %MoM
More informationSACU INFLATION REPORT. January 2018
SACU INFLATION REPORT January 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationNielsen s FMCG Index & Fuel Index Jan 2014 = 100 Jan 2014 = 100. Service Index* & Net Tourist Spending Index Jan 2014 = 100
1 = Nielsen s FMCG Index & Fuel Index = = 115 15 95 85 Durable and Semi-durable Indices Nielsen s FMCG Index sa, 3mma Fuel Index, sa Fuel Index sa, 3mma (RHS) Semi-durable Index sa,3mma Durable Index sa,
More informationInternational Monetary Fund Washington, D.C.
2005 International Monetary Fund September 2005 IMF Country Report No. 05/357 Brunei Darussalam: Statistical Appendix This Statistical Appendix paper for Brunei Darussalam was prepared by a staff team
More informationOct 2017 = 20.0 Bn USD Ex. Gold = 19.9 Bn USD
1 Sep = 21.9 Bn USD Ex. Gold = 20.6 Bn USD %YoY Oct = 20.0 Bn USD Ex. Gold = 19.9 Bn USD Share P P P H1 Q2 Q3 Sep Oct %MoM sa Agriculture 7.0-6.2 19.8 19.2 28.4 9.8 10.2-5.2 Fishery 1.0 15.1 6.5 10.4 11.5
More informationMonitoring the Philippine Economy First Quarter Report for 2016
Monitoring the Philippine Economy First Quarter Report for 2016 Project of Angelo King Institute Mitzie Irene P. Conchada 1 Assistant Professor School of Economics Regina S. Villasor BS Applied Economics
More informationBroad Money and Its Affecting Factors
Broad Money and Its Affecting Factors wa ember The growth of liquidity in the economy, or broad money (M2), grew at 9.2% (yoy) in ember, down from 10.4% (yoy) the month earlier. By component, growth of
More informationSustaining Resilience, Expanding Opportunities for Inclusive Growth
1 Sustaining Resilience, Expanding Opportunities for Inclusive Growth Deputy Governor Diwa C. Guinigundo Bangko Sentral ng Pilipinas Source: Google images 2 PH emerges as growth leader in the ASEAN pack
More informationRBI s Sixth Bi-Monthly Monetary Policy Review ( ) Maintains status quo...neutral Stance
7h February 2018 RBI s Sixth Bi-Monthly Monetary Policy Review (2017-18) Maintains status quo...neutral Stance Repo Rate unchanged at Reverse Repo Rate stands at 5.75% Marginal Standing Facility and Bank
More informationAugust 1, 2017 I Economics EXPECTATIONS FROM CREDIT POLICY: AUGUST 2017
EXPECTATIONS FROM CREDIT POLICY: AUGUST 2017 August 1, 2017 I Economics The third bi-monthly monetary policy review for this fiscal year is to be announced by the RBI on 2nd August 2017. It will be sixth
More informationQuarterly Economic Outlook: Quarter on 25 September 2018 Strong Economic Expansions amidst Uncertainty of Trade War
Foregin Direct Investment (Billion USD) China U.S. Asia World Quarterly Economic Outlook: Quarter 3 2018 on 25 September 2018 Strong Economic Expansions amidst Uncertainty of Trade War Thai Economy: Thai
More informationSACU INFLATION REPORT. December 2014
SACU INFLATION REPORT December 2014 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationSaudi Arabian Economy
Saudi Arabian Economy Research Department ARC Research Team, Tel. +966 11 211 9370, devassyp@alrajhi-capital.com Saudi Arabian economy continued to expand in Q3 Saudi Arabian economy has continued to expand
More informationEconomic Outlook Economic Intelligence Center 27 th November 2015
Economic Outlook 2016 Economic Intelligence Center 27 th November 2015 Global outlook Domestic outlook 2 In 2016, recovery pace in most regions are expected to pick up except for China Eurozone 2.0 1.5
More informationSep 2017 = 21.9 Bn USD Ex. Gold = 20.6 Bn USD. H1 H2 Q1 Q2 Q3 Aug Sep %MoM
1 Aug = 21.0 Bn USD Ex. Gold = 20.0 Bn USD Source: Compiled from Customs Department s data P = Preliminary data Sep = 21.9 Bn USD Ex. Gold = 20.6 Bn USD P P Share %YoY P P H1 H2 Q1 Q2 Q3 Aug Sep %MoM sa
More informationPrice and Inflation. Chapter-3. Global Inflation Scenario. Chart 3.1 National CPI inflation (12-month average : base FY06=100)
Global Inflation Scenario 3.1 Global inflation remained controlled in 1 while some commodity prices were still high. Decline in commodity prices, especially fuels and foods, has contributed to the decrease
More informationEconomic Outlook: Global and India. Ajit Ranade IEEMA T & D Conclave December 12, 2014
Economic Outlook: Global and India Ajit Ranade IEEMA T & D Conclave December 12, 2014 Global scenario US expected to drive global growth in 2015 Difference from % YoY Growth October Actual October Projections
More informationMacroeconomic Assessment. 30 April 2015
Macroeconomic Assessment 30 April Source : Office of Agricultural Economics, calculated by Bank of Thailand Supply Side Policy Team Tel. 0 2283 6190 2 200 150 100 50 0 (%YoY) P = Preliminary Data H1 H2
More informationPERFORMANCE OF THE ECONOMY REPORT NOVEMBER 2017
PERFORMANCE OF THE ECONOMY REPORT NOVEMBER 2017 MACROECONOMIC POLICY DEPARTMENT MINISTRY OF FINANCE, PLANNING AND ECONOMIC DEVELOPMENT www.finance.go.ug Table of Contents SUMMARY... 2 REAL SECTOR DEVELOPMENTS...
More informationAsia Key Economic and Financial Indicators 13-Jul-17
Asia Key Economic and Financial Indicators -Jul-7 ASEAN Brunei (BN) Cambodia (KH) Indonesia () Laos (LA) Malaysia () Myanmar (MM) Philippines () Singapore () Thailand () Vietnam () East Asia China (CN)
More informationMonitoring the Philippine Economy Third Quarter Report for 2016
Monitoring the Philippine Economy Third Quarter Report for 2016 Project of Angelo King Institute Mitzie Irene P. Conchada 1 Assistant Professor School of Economics Regina S. Villasor BS Applied Economics
More information1.0 BANK OF TANZANIA MONTHLY ECONOMIC REVIEW
1.0 BANK OF TANZANIA MONTHLY ECONOMIC REVIEW April 2016 Contents 1.0 Inflation and Food Supply Situation... 1 1.1 Inflation Developments... 1 1.2 Food Supply Situation... 1 1.3 Prices of Food Crops...
More informationGlobal Markets Group. Trade Performance: Depressed by the Eid holiday Author: Juniman Chief Economist. Economic Research. Trade Outlook Monthly Report
Global Markets Group Trade Outlook Monthly Report Economic Research August 2016 Trade Performance: Depressed by the Eid holiday Author: Juniman Chief Economist Trade Highlights Exports in June 2016 rose
More informationEconomic and Monetary Conditions, September Economic and Monetary Conditions September 2018
Economic and Monetary Conditions September Monetary Policy Group October Content 1 Executive Summary 1 2 The Thai Economy 3 2.1 Supply 3 Agricultural sector Manufacturing sector Service sector Real estate
More informationSACU INFLATION REPORT. February 2016
SACU INFLATION REPORT February 2016 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationMalaysia s export growth at record high in 2017
Dr. Mohd Afzanizam Abdul Rashid Chief Economist 03-2088 8075 afzanizam@bankislam.com.my Malaysia s export growth at record high in 2017 Facts Total exports in 2017 grew by 18.9% (2016: 1.2%) to RM935.4
More informationMONTHLY REPORT D A N A R E K S A R E S E A R C H I N S T I T U T E. October October Outlook: Moderating Trade
MONTHLY REPORT D A N A R E K S A R E S E A R C H I N S T I T U T E /132/to/217 October 217 TRADE OUTLOOK October Outlook: Moderating Trade Indonesia posted its largest trade surplus for the year in August,
More informationJun 2018 = 21.8 Bn USD Ex. Gold = 21.3 Bn USD
1 May = 22.3 Bn USD Ex. Gold = 21.9 Bn USD %YoY Source: Compiled from Customs Department s data P = Preliminary data Jun = 21.8 Bn USD Ex. Gold = 21.3 Bn USD P P Share P P H1 H2 H1 Q1 Q2 May Jun %MoM sa
More informationAUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN GENERAL
Bank Indonesia cut its reference rate by 25bps to 6.5% This was in tandem with slower global growth and Fed pause on rate Bank Indonesia (BI) unexpectedly cut BI reference rate by 25bps to 6.5% on the
More informationSACU INFLATION REPORT. February 2017
SACU INFLATION REPORT February 2017 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationImproved Macroeconomic Conditions Boost Consumer Sentiment to Its Highest Level in 3½-Year
ECONOMIC REPORT Business & Consumer Confidence 17 April 2018 Improved Macroeconomic Conditions Boost Consumer Sentiment to Its Highest Level in 3½-Year MIER s CSI rebounded to 3.5-year high. Underpin by
More informationInvestor Presentation. December 2013
Investor Presentation December 2013 24.02.2014 Table of Contents 1. Thai economy 2. Strengthening bank and client base 3. BBL s financial results Thai economy in 2014-2015 Thailand is facing short-term
More informationMONTHLY ECONOMIC INDICATORS
MONTHLY ECONOMIC INDICATORS JULY Table of Contents 1. INFLATION... 2 2. MONEY, CREDIT AND INTEREST RATES... 6 3. REAL SECTOR INDICATORS... 9 4. BALANCE OF PAYMENT AND EXTERNAL SECTOR INDICATORS... 10 5.
More informationSACU INFLATION REPORT. December 2018
SACU INFLATION REPORT December 201 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationMonitoring the Philippine Economy Second Quarter Report for 2016
Monitoring the Philippine Economy Second Quarter Report for 20 Project of Angelo King Institute Mitzie Irene P. Conchada 1 Assistant Professor School of Economics Regina S. Villasor BS Applied Economics
More information1 RED June/July 2018 JUNE/JULY 2018
1 RED June/July 20 JUNE/JULY 20 2 RED June/July 20 MAJOR HIGHLIGHTS Headline consumer inflation grew by 4.9 per cent in June 20 compared to 4.8 per cent recorded in May 20 Inflation rate (% y/y) 4.9 (June)
More informationB-GUIDE: Economic Outlook
Aug-12 Apr-13 Dec-13 Aug-14 Apr-15 Dec-15 Aug-16 Apr-17 Jul-15 Nov-15 Mar-16 Jul-16 Nov-16 Mar-17 Jul-17 Quarterly Economic Outlook: Quarter 4 2017 4 January 2018 B-GUIDE: Economic Outlook The economy
More informationNESDB ECONOMIC REPORT
ECONOMIC REPORT Thai Economic Performance in Q4 and 2016 and Outlook for 2017 Macroeconomic Strategy and Planning Office Press Release 9.30 a.m. February 20, 2017 Economic Projection of 2017 (%YoY) 2015
More informationKGkh BANK OF TANZANIA MONTHLY ECONOMIC REVIEW
KGkh BANK OF TANZANIA MONTHLY ECONOMIC REVIEW June 218 Contents 1. Inflation and Food Stocks... 1 1.1 Inflation Developments... 1 1.2 Food Stocks... 1 1.3 Prices of Food Crops... 2 2. Monetary and Financial
More informationPPI Contracted for Two Consecutive Months as Prices Fell Further For Agriculture
30 March 2018 ECONOMIC REVIEW February 2018 Producer Price Index Contracted for Two Consecutive Months as Prices Fell Further For Agriculture Producer prices continued to fall for two consecutive months.
More informationAdvanced and Emerging Economies Two speed Recovery
Advanced and Emerging Economies Two speed Recovery 23 November 2 Bauhinia Foundation Research Centre Masaaki Shirakawa Governor of the Bank of Japan Slide 1 Japan s Silver Yen and Hong Kong s Silver Yuan
More information