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Week Ahead APAC Economic Preview: Week of 8 October 2018
- Trade data from China, Taiwan, and the Philippines
- Other data from China include Caixin services PMI, new loans and credit, and FDI
- Singapore sets monetary policy and releases flash Q3 GDP
- US inflation
- Special focus on APAC's vulnerabilities to slower Chinese economic growth
With worries over trade wars and tariffs dominating the political and economic agenda, the release of trade data from several key Asian countries in the coming week will provide important clues as to trade performance in the region, notably for China. An especially busy data calendar for China after the Golden Week also includes Caixin Services PMI plus data on credit, money supply and foreign direct investment.
The main central bank action comes from Singapore, where the monetary policy is accompanied by the advance estimate of third quarter GDP.
Other data highlights for Asia include Malaysia's industrial production numbers, South Korea's unemployment data, Japan's machinery orders and current account, Philippine and Taiwan trade data, plus India's inflation and industrial production figures. Elsewhere, UK monthly GDP data and US inflation numbers warrants close attention.
Our special focus this week looks at how trade tensions are weighing on an already-weakening rate of economic expansion in China, and the likely impact on the rest of the APAC region.
Download the article for a full diary of key economic releases.
Contact for further APAC commentary: Rajiv.Biswas@ihsmarkit.com or Bernard.Aw@ihsmarkit.com
Contact for European and US PMI commentary: Chris.Williamson@ihsmarkit.com
© 2018, IHS Markit Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.
Purchasing Managers' Index™ (PMI™) data are compiled by IHS Markit for more than 40 economies worldwide. The monthly data are derived from surveys of senior executives at private sector companies, and are available only via subscription. The PMI dataset features a headline number, which indicates the overall health of an economy, and sub-indices, which provide insights into other key economic drivers such as GDP, inflation, exports, capacity utilization, employment and inventories. The PMI data are used by financial and corporate professionals to better understand where economies and markets are headed, and to uncover opportunities.
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