Latest reading: Industrial output grew 22.3% compared to the same month of the previous year in April to reach a record high (March: +12.8% yoy). Surging manufacturing production was the key driver, thanks to the dynamic tech sector. In contrast, mining and utilities output was soft. On a monthly basis, industrial production rose 8.8% in
Latest reading: Inflation came in at 2.0% in April, which was down from March’s 2.3%. Looking at the details of the release, prices for food and housing grew at a more moderate pace in April while transportation prices contracted at a faster pace. The trend pointed up mildly, with annual average inflation coming in at
Latest reading: Merchandise exports jumped 29.9% annually in April, on the heels of March’s 18.6% upturn and close to double market expectations. Firms front-loading exports ahead of U.S. tariffs likely drove the higher-than-expected print, with IT and electronics remaining top performing sectors. Meanwhile, merchandise imports shot up 33.0% in annual terms in April (March: +28.8%
Inflation came in at 2.5% in July, which was up from June’s 2.4% and was driven by a faster rise in food prices. July’s reading was the highest inflation rate since February. The trend was unchanged, with annual average inflation coming in at June’s 2.5% in July. Finally, consumer prices rose 0.19% from the previous
Industrial output expanded 13.2% in year-on-year terms in June, which was a deterioration from May’s 15.7% increase but still a strong reading by historical standards. Looking at the details of the release, manufacturing output grew at a softer—albeit still robust—rate in June, while electricity and gas supply output accelerated. Rising demand for AI and cloud
Merchandise exports jumped 23.5% on an annual basis in June (May: +3.5% year-on-year), beating market expectations. The result marked the most robust growth since February 2022, and was largely due to a more-than-doubling of IT exports thanks to booming global demand for AI products. Meanwhile, merchandise imports climbed 33.9% in annual terms in June (May:
Inflation rose to 2.4% in June, above May’s 2.2%. The pick-up was largely due to rising price pressures for food. The trend pointed up mildly, with annual average inflation coming in at 2.5% in June (May: 2.4%). Finally, consumer prices increased 0.31% over the previous month in June, picking up from the 0.21% increase logged
Industrial output increased 16.1% in year-on-year terms in May, which was above April’s 14.5% increase. May’s result marked the best reading since July 2021. May’s pickup was largely due to faster growth in manufacturing output, likely as burgeoning global demand for AI applications boosted the country’s electronics sector. On a monthly basis, industrial production increased
Latest reading: Non-oil domestic exports (NODX) shot up 12.4% in annual terms in April, following March’s 5.4% increase. The jump marked the fastest rise since July 2024 and exceeded market expectations. Growth in electronics exports and non-electronic shipments soared, boosted by front-loading sales ahead of U.S. tariffs. Looking at key export markets, annual NODX to