Asia week ahead: inflation and trade data out of India and China
The coming week features inflation and trade data from the two biggest regional economies, and GDP readings from Indonesia and the Philippines
Trade data to show impact of ongoing Ukraine war?
The Asia data release calendar is heavy on trade reports with China, India and Taiwan all reporting their latest figures. Slowing global demand and potential supply chain bottlenecks due to Covid-related movement restrictions may surface in the April numbers.
China and India inflation
The coming week also features inflation readings from India and China. Inflation could pick up for both India and China although price conditions for these two countries vary significantly. Accelerating inflation in India, which is expected to hit 7.3%, has already induced a rate increase from the central bank, while relatively subdued inflation in China persists given recent lockdowns.
GDP from Indonesia and the Philippines
Lastly, the region reports first quarter GDP readings from Indonesia and the Philippines. After dealing with respective Covid-induced lockdowns early in the quarter, both economies managed to reopen quickly and post respectable growth for the quarter. Indonesia likely grew 5.1% while the Philippine economy expanded by 6.1%, boosted by election-related spending.
Asia Economic Calendar
Download
Download article
5 May 2022
Our view on next week’s key events This bundle contains 3 Articles"THINK Outside" is a collection of specially commissioned content from third-party sources, such as economic think-tanks and academic institutions, that ING deems reliable and from non-research departments within ING. ING Bank N.V. ("ING") uses these sources to expand the range of opinions you can find on the THINK website. Some of these sources are not the property of or managed by ING, and therefore ING cannot always guarantee the correctness, completeness, actuality and quality of such sources, nor the availability at any given time of the data and information provided, and ING cannot accept any liability in this respect, insofar as this is permissible pursuant to the applicable laws and regulations.
This publication does not necessarily reflect the ING house view. This publication has been prepared solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Reasonable care has been taken to ensure that this publication is not untrue or misleading when published, but ING does not represent that it is accurate or complete. ING does not accept any liability for any direct, indirect or consequential loss arising from any use of this publication. Unless otherwise stated, any views, forecasts, or estimates are solely those of the author(s), as of the date of the publication and are subject to change without notice.
The distribution of this publication may be restricted by law or regulation in different jurisdictions and persons into whose possession this publication comes should inform themselves about, and observe, such restrictions.
Copyright and database rights protection exists in this report and it may not be reproduced, distributed or published by any person for any purpose without the prior express consent of ING. All rights are reserved.
ING Bank N.V. is authorised by the Dutch Central Bank and supervised by the European Central Bank (ECB), the Dutch Central Bank (DNB) and the Dutch Authority for the Financial Markets (AFM). ING Bank N.V. is incorporated in the Netherlands (Trade Register no. 33031431 Amsterdam).