Asia Week Ahead: Inflation And Trade Data Out Of India And China

By Robert Carnell and Nicholas Mapa of ING Economics

Economic and Financial Analysis • May 5, 2022 at 5:58 AM EDT

The coming week features inflation and trade data from the two biggest regional economies, and GDP readings from Indonesia and the Philippines.

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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 the impact of the 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's 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

Image Source: Refinitiv, ING, *GMT

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