Singapore’s non-oil domestic exports contract for third consecutive month in May

18 June, 2019
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics

HIGHLIGHTS May 2019 trade NODX slumped 15.9% yoy in May, the slowest since March 2016, dampened by weaknesses in non-electronics and electronics. Singapore’s trade outlook would likely remain bleak as the downturn in electronics

Indonesia’s headline inflation in May reaches 13-month high y-o-y

13 June, 2019
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic

HIGHLIGHTS May 2019 CPI inflation Headline inflation in May accelerated past 3% for the first time this year, to reach a 13-month high of 3.3% yoy. Seasonally-higher demand during Ramadan was the key contributor

Singapore’s industrial production index rises 0.1% in April, beating expectations

27 May, 2019
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics

HIGHLIGHTS Singapore’s industrial production index rises 0.1% in April, beating expectations Singapore’s IPI increased 0.1% yoy in Apr due to sharp improvements in semiconductor output, but the rebound could be short-lived. Early read-through from

Singapore’s non-oil domestic exports weakens 10% in April

21 May, 2019
By Michelle Chia, Economist, CIMB Research and Economic and Sofea Azahar, Economist, CIMB Research and Economics

HIGHLIGHTS April 2019 trade NODX plunged 10% in April, on weakness in electronics and non-electronics. Downside risks to Singapore’s GDP growth and inflation outlook have intensified as protracted US-China talks weigh on trade recovery

Weaker than expected improvement in Indonesia’s 1Q19 current account deficit

15 May, 2019
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic

HIGHLIGHTS 1Q19 balance of payments The 1Q19 current account deficit (CAD) improved to US$7.0bn/2.6% of GDP, the smallest since 2Q18, though it fell short of our expectation. We raise our CAD forecast to US$29.6bn/2.7%

Indonesia’s 1Q19 GDP growth of 5.1% slightly disappoints

10 May, 2019
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic

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

Malaysia cuts OPR rate to 3.00% against expectations

9 May, 2019

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

Malaysia: March 2019 trade

7 May, 2019

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