Asia's economic calendar is busy in the week ahead, with a number of PMI reports, inflation numbers, and other data scheduled for release.
The week starts light, with Monday seeing industrial data from China and India, among other releases, while Tuesday will feature Singapore's export and import prices, and producer price index.
On Wednesday, investors will be on the lookout for China's PMI, as well as Japan and South Korea's industrial output and retail sales.
The bulk of releases are scheduled for Thursday, including a number of PMI reports across the region, alongside trade and inflation data from Indonesia.
Friday will see key releases from Japan, as well as South Korea's inflation numbers and Hong Kong's retail sales.
Here's what to watch in the week ahead.
MONDAY, Sept. 28
The Bank of Japan released minutes from its July 30-31 monetary policy meeting where the policy board voted 8-1 to maintain its uncollateralized overnight call rate at around 1%.
Japan's economic recovery has been moderate but faces temporary deceleration headwinds from higher energy and raw-material prices, the minutes said.
The BOJ said global AI-related demand was supporting exports, production, and business investment, but warned that renewed tensions in the Middle East and higher crude oil prices could weaken Japan's economy and push up inflation.
Japan's services producer price index jumped 3.7% from a year prior in August, up from 3.6% in July, according to preliminary figures.
Elsewhere, profits of China's major industrial firms grew 15.7% year over year to 5.272 trillion yuan in the first eight months of the year, while Singapore's manufacturing output increased 15.4% year on year in August.
India will post industrial and manufacturing output data for August later today.
TUESDAY, Sept. 29
South Korea will post business confidence data for September.
Singapore's export and import prices, as well as producer price index, will also land for August.
WEDNESDAY, Sept. 30
China will see NBS and RatingDog PMI prints for September.
NBS manufacturing and non-manufacturing PMI is expected to improve slightly to 50.1 and 49.2, respectively, from 49.8 and 49 previously, according to estimates from ING economists.
Japan's industrial production is expected to grow 7% in August, while retail sales may slip to 3.2% year over year, according to market consensus forecast data tracked by ING.
Elsewhere, South Korea's industrial output is expected to improve to 4.5% year over year in August, ING said citing market forecasts. Retail sales data for the month will also arrive.
The Philippines' August trade deficit will narrow to $5.3 billion. Export and import growth is projected at 12.5% and 19%, respectively, compared with 10.8% and 19.8% previously.
Thailand will post retail sales data for July.
THURSDAY, Oct. 1
Japan's Tankan Large Manufacturers index for the third quarter will shift to 25 from 22 previously, with the outlook increasing to 22 from 17, according to ING experts.
Bank of Japan will publish the summary of opinions from its September meeting in which it raised its policy rate to 1.25%.
Market consensus is for South Korea's trade surplus to increase to $38.4 billion in September from $34.8 billion previously, with export and import growth easing to 61.2% and 20.7%, respectively, ING said.
Citigroup economist Jin-Wook Kim, however, projects a surplus of $42.7 billion, with exports and imports growing 68.4% and 21%, respectively, the Wall Street Journal reported. Exports will likely continue to be driven by strong semiconductor shipments, Kim said.
Elsewhere, ANZ's Jennifer Kusuma expects inflation in Indonesia to edge up to 3.3% in September, mainly due to a rise in food prices, the WSJ said.
Trade surplus may rise to $700 million from $100 million previously, with export growth falling to 4% and import growth edging up to 28%, according to ING economists.
S&P Global Manufacturing PMI reports for September will land for Japan, South Korea, Malaysia, Taiwan, Thailand, and Indonesia.
India's HSBC manufacturing PMI will also arrive.
FRIDAY, Oct. 2
Market consensus is for Japan's inflation to rise to 2.5% in September from 1.9% previously, ING said.
Unemployment rate is expected to remain unchanged at 2.4% for August. Consumer Confidence data will also land.
South Korea's inflation is projected to ease slightly to 3% year over year in September from 3.1% previously, market consensus forecasts compiled by ING and a projection from Citigroup showed.
Singapore's manufacturing PMI for September will arrive, alongside Hong Kong's retail sales for August.
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