Week Ahead Data - China April Trade, CPI & Aggregate Finance Data In Focus

The week ahead sees China prints dominate, with Apr trade and CPI prints due. Aggregate lending and news loan for Apr are also out.

• China - Tuesday delivers Apr trade figures. Export growth at +8.0% forecast, prior was +14.8%, imports -0.3% expected, prior -1.4%, trade surplus projected at $71.25bn. Thursday Apr CPI (CPI 0.3% y/y forecast, -3.4% y/y for PPI). May 9th to 15th is also the release window of aggregate finance data (2000bn expected, versus 5380bn yuan prior). Friday delivers Q1 BoP data.
• South Korea - Wednesday sees Mar BoP and goods balance data, as well as Apr unemployment figures. Friday has Mar money supply on tap. Bank lending to households is due between May 9-16.
• Taiwan - Apr trade figures today (exports forecast at -19.4%).
• Singapore - just FX reserves today for Apr.
• India - Mar IP (3.2% y/y expected) and Apr CPI (4.8% y/y forecast) are out on Friday.
• Indonesia - Apr FX reserves today, Consumer confidence for Apr due Tues.
• Thailand - Apr Consumer confidence on Thurs, FX reserves on Fri.
• Malaysia - Manufacturing sales, IP for Mar. Q1 GDP on Fri (1.8% q/q, 4.8% y/y forecast).
• Philippines - Mar unemployment rate today, Apr trade figures tomorrow (forecasts - export growth -18.1% y/y, trade bal -$4.5bn). Agricultural output for Q1 on Wed, Q1 GDP on Thurs (forecasts GDP q/q 0.7%, y/y 6.2%).