logo

Asian Economic News

Share

Taiwan's industrial production growth improved for the second straight month in August, largely driven by robust output expansion in the mining and quarrying sector, preliminary data from the Ministry of Economic Affairs showed on Friday. Industrial production rose 3.68 percent year-over-year in August,...

Singapore's consumer price inflation accelerated at a faster-than-expected pace in August to reach its highest level in more than fourteen years, data published by the Monetary Authority of Singapore and the Ministry of Trade and Industry showed on Friday. Consumer prices climbed 7.5 percent year-on-year...

Malaysia's consumer prices grew at the fastest pace in more than a year in August on higher food prices, data released by the Department of Statistics showed on Friday. Consumer price inflation rose to 4.7 percent in August from 4.4 percent in July. A similar higher rate was last reported in April...

The manufacturing sector in Australia continued to expand in September, and at a fractionally higher pace, the latest survey from S&P Global revealed on Friday with a Manufacturing PMI score of 53.9. That's up slightly from 53.8 in August, and it moves further above the boom-or-bust line of 50 that...

Producer prices in South Korea were down 0.3 percent on month in August, the Bank of Korea said on Friday, reversing a 0.3 percent monthly increase in July. Among the individual components, agriculture, forestry and marine products were up 2.5 percent on month, while manufacturing products fell 1.4...

Australia will on Friday see September results for the manufacturing, services and composite PMIs from S&P Global, highlighting a modest day for Asia-Pacific economic activity. In August, their scores were 53.8, 50.2 and 50.2, respectively. Singapore will provide August data for consumer prices. Overall...

Taiwan's central bank raised its key policy rate for the third time in a row against the backdrop of inflationary pressures and intensified headwinds facing the global economy. The central bank board unanimously decided to raise the benchmark discount rate by 0.125 percentage points to 1.625 percent,...

Hong Kong's consumer price inflation held steady in August, after accelerating in the previous two months, data released by the Census and Statistics Department showed on Thursday. Consumer prices rose at a stable rate of 1.9 percent year-over-year in August. That was in line with economists' forecast. The...

Taiwan's unemployment rate decreased for the second straight month in August, though marginally, the Directorate General of Budget Accounting & Statistics showed on Thursday. The seasonally adjusted jobless rate dropped to 3.67 percent in August from 3.68 percent in July. In the corresponding month...

The Philippines' central bank lifted its benchmark interest rate further at its September meeting in order to curb rising inflation and to strengthen the Philippine peso, that hit a record low against the US dollar as the Fed remains in hawkish mode. The Monetary Board decided to raise its benchmark...

Indonesia's central bank raised interest rates by 50 basis points on Thursday, which was the second rate hike in a row. The Board of Governors hiked the seven-day reverse repo rate by 50 basis points to 4.25 percent, the Bank Indonesia said. The deposit facility rate was raised to 3.50 percent...

The Hong Kong Monetary Authority raised its benchmark rate on Thursday after the rate hike of the U.S. Federal Reserve. The Base Rate was adjusted upward to 3.50 percent with immediate effect according to a pre-set formula. On Wednesday, the Federal Reserve had raised the target range for the...

boj 031617 21sep22 The Bank of Japan maintained its ultra-loose monetary policy on Thursday despite the sharp weakening of the yen amid tightening stance adopted by its global peers. The policy board, governed by Haruhiko Kuroda, decided to maintain a negative interest rate of -0.1 percent on current accounts that financial institutions maintain at the central bank.

New Zealand posted a merchandise trade deficit of NZ$2.447 billion in August, Statistics New Zealand said on Thursday. That follows the downwardly revised NZ$1.406 billion deficit in July (originally NZ$1.092 billion). Exports were worth NZ$5.48 billion, down from the downwardly revised NZ$6.35...

The Bank of Japan will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity. The B0J is expected to keep its benchmark lending rate unchanged at -0.1 percent. New Zealand will release August figures...

Follow RTT