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China PMI figures show some sectors already in contractionary zone

October 31, 2018

HONG KONG - In a research note, ANZ Bank says all the numbers from China's PMI release today confirm a broad-based decline in economic activity. Apart from a drop in the non-manufacturing (-1.0) and manufacturing (-0.6) PMI in October, all sub-indices, including output (-1.0), new export orders (-1.1) and orders-on-hand (-0.9) also retreated.

New China data contains a mixed bag of risks

October 19, 2018

HONG KONG - China's GDP growth slowed to a post-global financial crisis low of 6.5% y/y in Q3, and is expected to moderate further in Q4, according to ANZ Bank's base scenario. China's GDP growth has tended to be weaker in Q3 in the past three years.

In a research note, ANZ says the 1.6% q/q growth registered in the quarter makes it the slowest Q3 since 2015, suggesting an actual decline in economic activity which cannot be explained by seasonality.

How protectionism impacts on the trade partners of targetted countries

October 17, 2018

PARIS - In a report published today, global credit insurer Coface said increased protectionism is affecting a large number of economies - both advanced and emerging. It says use of import tariffs by the US has doubled since 2009, with a sharp increase between 2016 and 2018. Nevertheless, these tariffs still only account for one-sixth of protectionist measures in place worldwide, Coface says.

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