Simon Murray, Research Analyst at Westpac, explains that the September Asia PMI’s indicate that some of the tiger economies are having difficulties relating to the escalating US-China trade war, with Taiwan seeing a particularly sharp decline in activity.
Key Quotes
“2017’s Asian growth outperformers have returned to trend.”
“For the less China exposed emerging market countries, the PMI’s did not see the same uplift in 2017 and have so far remained around trend in 2018. However, input inflation pressures are materialising on the back of currency weakness and oil prices.”
Share
