Singapore & Malaysia CPI, South Korea GDP & Bank Indonesia Headline Week

CPI from Singapore and Malaysia headline the docket in Asia today. Further out this week we also have South Korea GDP and Bank Indonesia monetary policy decision; however in China the calendar is thin this week.

• China - The only data of note this week is June Industrial Profits on Thursday, there is no estimate for the print yet and the prior read was a fall of 12.6% Y/Y
• South Korea - On the wires tomorrow we have the Advance Read of Q2 GDP, a rise of 0.8% Y/Y is expected. Also due this week is July Consumer Confidence (Tuesday), August Business Survey (Thursday) and June Industrial Production (Friday).
• Taiwan - June Unemployment Rate is due today, an uptick to 3.60% from 3.50% is forecast. Also on the wires on monday is June Industrial Production, a fall of 16.49% Y/Y is expected. Further out on Friday the Advance read of Q2 GDP crosses.
• Singapore - The June CPI print today provides the highlight of the week. A 4.4% Y/Y rise is expected in the headline CPI, down from 5.1% Y/Y in June. The Core CPI is expected to fall to 4.2% Y/Y from 4.7%. On Wednesday June Industrial Production is due, a rise of 3.8% M/M is expected. The June Unemployment Rate will cross on Thursday or Friday.
• Malaysia - Today June CPI crosses, a fall to 2.4% Y/Y from 2.8% is expected. Also due today is July 14 Foreign Reserves. The docket is empty for the remainder of the week.
• Indonesia - The only event of note this week is the rate decision from the Bank Indonesia, the 7-Day Reverse Repo rate is expected to be held steady at 5.75%.