Asia

Dwindling export orders halt the index from rising.

Extreme weather change and maintenance hindered manufacturing growth.

Automobile growth breathed back life into the sector.

Imports also increased 30.4% in May.

Higher demand for electronics could be pulling the country up.

Bleak output, wages, and outlook are halting growth in the country.

Poor exports blocked the country's room for economic growth.

Costs stayed high despite government efforts to keep them down.

It will be curbed by higher levels of debt payments.

China, India, and Japan will take up 40% of the global infrastructure spending need.

But optimism towards construction and mining sectors contract.

Thanks to strong manufacturing and services sector expansion.

South Asia will register the strongest growth at 7%.

Thanks to foreign markets’ robust orders.

Chinese tourists’ overseas spending could hit US$429b.

This is based on results from a retail sales survey. According to OCBC Investment Research, Bank Indonesia’s Retail Sales Survey reveals that Indonesia’s GDP grew 5.0% y-o-y in 1Q17, and is expected to grow 5.1% to 5.2% YoY for 2017 according to recent comments by Bank Indonesia’s deputy governor. In addition, real sales growth in Indonesia grew 4.2% y-o-y in March, with the growth mainly driven by spending on food.