The Week Ahead - PPI, CPI, GDP, PMI

Bank Negara will announce its international reserves as of April 15. The international reserves of Bank Negara amounted to US$115.6bil (RM500bil) as of March 31.

Producer price indexTHE Statistics Department is expected to announce the producer price index (PPI) for March, the leading index and coincident index for February this week.

Analysts expect the PPI to increase to 10% in March from 9.7% in February due to the higher prices of primary commodities.

According to Trading Economics’ global macro models and analysts’ expectations, the change in producer prices is expected to be 12% by the end of this quarter.

Meanwhile, Bank Negara will announce its international reserves as of April 15. The international reserves of Bank Negara amounted to US$115.6bil (RM500bil) as of March 31.

Singapore CPI

THE headline and core inflation rates are likely to quicken further in March as the Monetary Authority of Singapore (MAS) has tightened its monetary policy, according to ING. Core inflation is expected to rise 2.5% before reaching 3% by mid-year. ING expects both headline and core inflation to remain elevated in the near term.

Bloomberg estimates March inflation to expand 4.6% year-on-year while UOB Global Economics and Markets Research estimates an expansion of 4.5% from 4.3% year-on-year in February 2022.

South Korea GDP

SOUTH Korea’s gross domestic product (GDP) is expected to have expanded by a seasonally adjusted 0.6% in the January to March quarter from the previous three-month period, according to a Reuters poll.

ING said South Korea’s first quarter 2022 GDP is expected to decelerate, mainly due to weak household consumption and net export contributions.

The Bank of Korea’s consumer sentiment index and business survey index should reflect optimism on social mobility rules being lifted along with the re-opening of the economy – leading to improved consumer sentiment and suppressing concerns about high inflation and slow growth.

China manufacturing data

BLOOMBERG estimates China’s manufacturing purchasing managers index (PMI) in April to be at 47 from 49.5 in March while the non-manufacturing PMI is at 45.7 from 48.4 in March.

ING said the PMI in April should reflect weaker production as a result of lockdowns. Delivery times should increase, and input prices rise. The whole manufacturing picture could be quite gloomy. It expects the manufacturing and non-manufacturing PMIs in April to be below 50.

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The Week Ahead , PI , GDP , MPI , Bank Negara , reserves


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