CEIC Data ASEAN

𝐓𝐡𝐢𝐬 𝐦𝐨𝐧𝐭𝐡'𝐬 𝐫𝐞𝐥𝐞𝐚𝐬𝐞 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐮𝐫 𝐨𝐧𝐠𝐨𝐢𝐧𝐠 𝐞𝐧𝐡𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐛𝐨𝐭𝐡 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐞𝐝 𝐚𝐧𝐝 𝐞𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠: • The addition of the Volatility Index, a key benchmark measuring expected volatility in the U.S. stock market, and the Financial Stress Index from the Office of Financial Research. • Broadening our unique emerging market data coverage with more granular trade data for India, as well as daily car registrations in Malaysia, categorized by type and brand. • Enriching our property statistics by adding the FipeZap Index, an alternative indicator tracking asking prices for property sales and rentals in Brazil, along with data on the Renovation of Old Urban Residential Communities in China. 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐞𝐧𝐡𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 ➡️ https://hubs.la/Q02V2mQ60 https://hubs.la/Q02V2gKj0 https://hubs.la/Q02V2bv90 𝗔𝗿𝗲 𝘆𝗼𝘂 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗲𝗱 𝗶𝗻 𝗖𝗘𝗜𝗖’𝘀 𝗹𝗲𝗮𝗱𝗶𝗻𝗴 𝗮𝗻𝗮𝗹𝘆𝘁𝗶𝗰𝗮𝗹 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀? ➡️ https://hubs.la/Q02V2gJn0

Like Western economies, the ASEAN nations are embarking upon monetary easing as growth decelerates and inflation moderates. First to cut was the Philippines. Next came Indonesia, the region’s largest economy -- an interesting case because of the surprise rate hike implemented earlier this year. The https://hubs.la/Q02T1-Bj0 has a dual mandate that includes stabilizing the currency, which explains the 180-degree turn over the course of 2024. A weak rupiah tends to import inflation, and the central bank was worried about this when it hiked in April. Today, the rupiah has rebounded, headline inflation remains below the central bank’s target, and the US Federal Reserve has turned dovish. Furthermore, the Indonesian economy has deteriorated: manufacturing PMI worsened sharply, starting in April. 𝗔𝗰𝗰𝗲𝘀𝘀 𝘁𝗵𝗲 𝗰𝗵𝗮𝗿𝘁 ➡️https://hubs.la/Q02T21md0 𝗔𝗿𝗲 𝘆𝗼𝘂 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗲𝗱 𝗶𝗻 𝗖𝗘𝗜𝗖’𝘀 𝗹𝗲𝗮𝗱𝗶𝗻𝗴 𝗮𝗻𝗮𝗹𝘆𝘁𝗶𝗰𝗮𝗹 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀? ➡️ https://hubs.la/Q02T1-qc0 #Indonesia #Rupiah

Like many countries, Malaysia wants to promote electric-vehicle adoption as part of its climate goals. During 2022, buyers of EVs received considerable tax relief: first, exemption from road tax, and then complete exemptions from import duties, excise duties, and sales tax. Unsurprisingly, EV registrations have soared, as our first chart shows. Another leg up came in February 2023, when Tesla won approval to enter the market. We have broken down growth between the “motorcar” and “Jeep,” i.e. SUV, classifications. 𝗔𝗰𝗰𝗲𝘀𝘀 𝘁𝗵𝗲 𝗰𝗵𝗮𝗿𝘁 ➡️https://hubs.la/Q02RPx6P0 𝗔𝗿𝗲 𝘆𝗼𝘂 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗲𝗱 𝗶𝗻 𝗖𝗘𝗜𝗖’𝘀 𝗹𝗲𝗮𝗱𝗶𝗻𝗴 𝗮𝗻𝗮𝗹𝘆𝘁𝗶𝗰𝗮𝗹 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀? ➡️ https://hubs.la/Q02RPwgB0 #Malaysia #electricvehicles

Australia's central bankers were global outliers in 2024. While many of their counterparts in the G20 discussed rate cuts, the Reserve Bank of Australia (RBA) continued to make hawkish noises, concerned about stubborn inflation. In that context, the nation's latest CPI figures prompt a sigh of relief. Consumer price growth slowed to 2.7%, the lowest in three years. However, a breakdown of the inflation report reveals some concerning trends that are probably being discussed at the RBA. Core inflation is staying higher than the headline, for one thing. And the annual trimmed mean (the RBA’s favored indicator) rose at a 3.4% year-on-year pace in August. That's slower than the 3.8% pace in July, but still above the target range of 2-3%. 𝗔𝗰𝗰𝗲𝘀𝘀 𝘁𝗵𝗲 𝗰𝗵𝗮𝗿𝘁 ➡️https://hubs.la/Q02RBYMT0 𝗔𝗿𝗲 𝘆𝗼𝘂 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗲𝗱 𝗶𝗻 𝗖𝗘𝗜𝗖’𝘀 𝗹𝗲𝗮𝗱𝗶𝗻𝗴 𝗮𝗻𝗮𝗹𝘆𝘁𝗶𝗰𝗮𝗹 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀? ➡️ https://hubs.la/Q02RBYtj0 #Australia #inflation

On October 29, ISI Markets will host the 2025 South Korea Economic Outlook event in Seoul, where we will offer expert analysis and forward-looking perspectives on South Korea as they navigate the complexities of geopolitical and trade tensions, and a troubled property market, using the power of CEIC Data’s machine learning-driven economic nowcasts alongside EPFR’s global fund-flow insights. Register to secure your place: https://hubs.ly/Q02QJ_wx0

📢Unlock Insights into China's Economic Revival! China’s latest stimulus measures are a bold response to a struggling property market, designed to lower borrowing costs and invigorate the economy. At CEIC, we leverage our global macroeconomic leadership and deep-rooted expertise in China to dissect these developments from every angle. 📊 We’ve curated a comprehensive pack of 70+ insightful charts that dive deep into this vast and intricate economy. Our analysis spans: - Money Markets & Borrowing Costs - Industrial Production Trends - Real Estate Dynamics - Household Leverage Insights - Consumer Behavior Patterns - Financial Market Movements From daily real estate transactions to port calls, we provide high-value datasets that offer granular insight into the Chinese economy. Plus, we highlight our enhanced partnership with EPFR (a ISI Markets company), showcasing crucial fund flows into Chinese bonds and equities as global investors strategize their capital allocation. 📥 Download the chart pack ➡️https://lnkd.in/eS-jca-z Want access to high value data sets via an intuitive analytics platform?  Request a trial ➡️https://hubs.la/Q02QQh0k0

We're continually tapping fund-flow data from our partners at EPFR to demonstrate how asset-allocation decisions, with their implications of heightened or waning confidence in an economy, can have a predictive relationship with bottom-up metrics. In this case, we head to Singapore, where the government compiles statistics on construction contracts and publishes the Tender Price Index (TPI). As stock inflows recovered after the 2020 pandemic shock, we can see a pickup in the value of construction tenders; both of our metrics eased off through 2021-22. The TPI and indices of property prices and rents are usually moving in the same direction. The post-pandemic period was marked by surging property prices, driven by constrained supply and increased investor interest in real estate. And positive sentiment towards the equity market and the property sector often coincide. 𝗔𝗰𝗰𝗲𝘀𝘀 𝘁𝗵𝗲 𝗰𝗵𝗮𝗿𝘁 ➡️https://hubs.la/Q02RkWBY0 𝗔𝗿𝗲 𝘆𝗼𝘂 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗲𝗱 𝗶𝗻 𝗖𝗘𝗜𝗖’𝘀 𝗹𝗲𝗮𝗱𝗶𝗻𝗴 𝗮𝗻𝗮𝗹𝘆𝘁𝗶𝗰𝗮𝗹 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀? ➡️ https://hubs.la/Q02RkS4m0 #Singapore #Construction

Inflows to a nation's bond and stock markets can significantly influence exchange rates. We can explore this trend in Malaysia and the broader ASEAN-6 bloc thanks to our partnership with EPFR and its wealth of data on fund flows and asset allocation. Our chart tracks the USD/MYR exchange rate. Inflows to bond and equity funds gradually turned positive recently; July and August saw the ringgit jump against the dollar. This month, fund inflows have tapered. Will this result in a near-term ceiling for ringgit appreciation? This might be unlikely – because of a move on the dollar side of USD/MYR. The Federal Reserve Board just cut rates by 50 basis points, which surprised some observers. This will likely be supportive for ASEAN currencies against the dollar over the near term. 𝗔𝗰𝗰𝗲𝘀𝘀 𝘁𝗵𝗲 𝗰𝗵𝗮𝗿𝘁 ➡️https://hubs.la/Q02QK8Ly0 𝗔𝗿𝗲 𝘆𝗼𝘂 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗲𝗱 𝗶𝗻 𝗖𝗘𝗜𝗖’𝘀 𝗹𝗲𝗮𝗱𝗶𝗻𝗴 𝗮𝗻𝗮𝗹𝘆𝘁𝗶𝗰𝗮𝗹 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀? ➡️ https://hubs.la/Q02QK9jT0 #Malaysia #ASEAN

Amid the fanfare of Apple's latest product reveal, we charted iPhone sales at some of the most popular online retailers in China. (Apple regularly tops the market-share table in China, outpacing rival foreign and domestic brands.) Data on Jingdong, Taobao and Tmall can be found in our China premium database. Together, these firms capture more than half of Chinese shoppers’ overall online spend. Jingdong has usually been the biggest seller of Apple devices. In July, its Apple-related product sales reached RMB 12.4 billion. In recent quarters, our data also shows a much higher average price for Apple products sold at Jingdong. 𝗔𝗰𝗰𝗲𝘀𝘀 𝘁𝗵𝗲 𝗰𝗵𝗮𝗿𝘁 ➡️https://hubs.la/Q02QyDhr0 𝗔𝗿𝗲 𝘆𝗼𝘂 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗲𝗱 𝗶𝗻 𝗖𝗘𝗜𝗖’𝘀 𝗹𝗲𝗮𝗱𝗶𝗻𝗴 𝗮𝗻𝗮𝗹𝘆𝘁𝗶𝗰𝗮𝗹 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀? ➡️ https://hubs.la/Q02QyCNK0 #China #smartphones

The Federal Reserve Board's first rate cut of this cycle is almost certainly taking place in a matter of hours. But will the Fed cut by 25 basis points, or go a full half percentage point? CEIC tracks market expectations for the Fed via CME Group's FedWatch tool. And as our chart shows, perceptions have been changing rapidly. Only a week ago, traders seemed confident that a quarter-point rate cut was the most likely outcome -- but that has changed. The purple section of this chart demonstrates the proportion of market bets that the Fed fund rates would be set to a range between 5%-5.25% today -- i.e., a quarter-point cut from current levels. The teal indicates bets on a 4.75%-5% Fed funds rate; these spiked in the early August market correction before retreating. Today, a 50-basis point cut is seen as very much back on the table -- and, in fact, the most likely outcome. 𝗔𝗰𝗰𝗲𝘀𝘀 𝘁𝗵𝗲 𝗰𝗵𝗮𝗿𝘁 ➡️https://hubs.la/Q02QyCRv0 𝗔𝗿𝗲 𝘆𝗼𝘂 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗲𝗱 𝗶𝗻 𝗖𝗘𝗜𝗖’𝘀 𝗹𝗲𝗮𝗱𝗶𝗻𝗴 𝗮𝗻𝗮𝗹𝘆𝘁𝗶𝗰𝗮𝗹 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀? ➡️ https://hubs.la/Q02QyFnz0 #Fed #FedFundsFutures