International
Asia Week Ahead: Inflation Prints; GDP Reports; Producer Price Figures
The week ahead in Asia has a number of key figures scheduled for release.The week starts with inflation numbers from Thailand and Taiwan, along with China's trade figures and Q2 GDP growth for Japan and South Korea.Mid-week, the calendar shows China's inflation and producer price numbers set to be published. Japan's Reuters Tankan index and machine tool orders are expected among other data.The week will close with Japan's producer price index numbers, while India's inflation data is expected to come out on Sept. 12.The 18th BRICS summit will take place in New Delhi, India, from Sept. 12 to 13, with members from a number of countries in attendance.MONDAY, Sept. 7Singapore's retail sales rose 1.5% year-over-year to SG$4.4 billion in July, slower than a 4% increase in the prior month.Elsewhere, Thailand's headline consumer price index rose 2.53% in August from a year earlier, accelerating from a 1.95% increase in July.TUESDAY, Sept. 8China is expected to see a trade surplus of $119.1 billion for August, with exports increasing 27.5% according to Citi forecasts, the Wall Street Journal reported.ING experts project the country's trade surplus at $107 billion, with export and import growth coming in at a respective 24.1% and 32.4%.Japan's revised annualized GDP growth for the second quarter is expected to come in at 1.8%, according to a market consensus forecast reported by ING.South Korea will also release Q2 GDP data, with growth projected at 3.7% year over year, according to ING.Taiwan's annual inflation for the month of August is expected to fall between 2.3% and 2.5% based on economists' expectations, according to the WSJ.WEDNESDAY, Sept. 9China will post inflation and producer price data for August.Inflation is expected to rise 0.9% year over year, according to ING economists. The producer price index is projected to rise slightly to 3.6%, Trading Economics said.Japan's Reuters Tankan manufacturing index will likely fall to +15 points in September from +18 points a month prior, according to Trading Economics. The country will also post machine tool order data for the month.South Korea's unemployment rate for August is expected to fall slightly to 2.7%.Elsewhere, Taiwan expects to see a trade surplus of $21.9 billion for August, with export and import growth coming in at 32.7% and 33.5%, respectively, according to forecasts by ING experts. Economists project exports to climb about 30%, the WSJ said.Malaysia is set to release industrial output figures for July.THURSDAY, Sept. 10A speech by Bank of Japan's policy board member Kazuyuki Masu is anticipated to give investors clues about a potential rate hike in September.Indonesia will post retail sales for July, while consumer confidence numbers are expected from Thailand.FRIDAY, Sept. 11Japan's producer price index (PPI) is expected to rise 7.4% year over year in August, up from 7.2% in July, according to market consensus forecast data by ING.Malaysia will publish retail sales and unemployment numbers.SATURDAY, Sept. 12India will post inflation data, with CPI expected to jump 4.7% year over year in August, an ING forecast showed.
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