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Report published August 28, 2026

Goldman Sachs: Asia ex-Japan Week Ahead – India GDP, Regional PMIs, BNM Meeting & Korea Budget

Source and citation context

Report date
August 28, 2026
Analysis as of
Not stated in source

Authors / editors: Chris Poh, Hui Shan

Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Weekly UpdateMacro Economic IndicatorsRates Govt BondsOther

This report provides weekly previews and forecasts for key Asia ex-Japan economic indicators, including China PMIs, Korea's budget and trade data, India's Q2 GDP, and the Bank Negara Malaysia policy meeting.

Key Takeaways

  • 1.Goldman Sachs raised its India Q2 CY26 real GDP growth forecast by 0.6pp to 7.5% yoy (and full-year CY26 to 7.3%) due to resilient consumption, manufacturing, and bank credit growth.
  • 2.China's August NBS manufacturing PMI is expected to edge up to 49.4 from 49.2, while non-manufacturing PMI is projected to soften to 48.8 due to adverse weather disruptions.
  • 3.Bank Negara Malaysia (BNM) is expected to hold its overnight policy rate steady at 2.75% supported by resilient growth and contained inflationary pressure.

Table of Contents

  • China
  • South Korea
  • India
  • ASEAN
  • Roundup of last week's economic and policy events
  • Asia ex-Japan Economics Calendar
  • Disclosure Appendix

Report data

Asia ex-Japan Economics Calendar

MetricEstimateContext
China NBS Manufacturing PMI49.4 indexGS forecast for NBS manufacturing PMI vs 49.2 in July.
India Real GDP Growth7.5 % yoyGS upgraded Q2 CY26 real GDP forecast.
Bank Negara Malaysia Policy Rate2.75%Expected policy rate decision by BNM.
South Korea Headline CPI3.3 % yoyGS forecast for August CPI inflation up from 2.8% in July.
South Korea Exports Growth64.6 % yoyGS forecast for August export growth.
Source: Goldman Sachs Global Investment Research. This is a dated model snapshot, not a live forecast.

Reports in this series

AEJ Week Ahead is shown in chronological order through this edition, published on August 28, 2026.

Part of the AEJ Week Ahead series — view all 7 editions

Looking for the latest edition? AEJ Week Ahead China trade inflation credit data (Sep 4, 2026)

  1. May 24AEJ Week Ahead Korea and Taiwan IP, BOK meeting and Singapore CPI
  2. Jun 18AEJ Week Ahead: Korea exports and Taiwan IP; CPI in Malaysia and Singapore; BOT meeting
  3. Jul 24AEJ Week Ahead China PMI, Korea IP, and GDP for Hong Kong and Taiwan
  4. Jul 31AEJ Week Ahead CPI and trade data across the region, Malaysia state election, RBI meeting
  5. Aug 7AEJ Week Ahead China inflation and credit data, India inflation, and Singapore and Malaysia GDP(1)

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Authors / Editors

Chris PohHui Shan

Reported Data Context

  • China NBS Manufacturing PMI: 49.4 index (August 2026) · Source: Goldman Sachs Global Investment Research
  • India Real GDP Growth: 7.5 % yoy (Q2 CY2026) · Source: Goldman Sachs Global Investment Research
  • Bank Negara Malaysia Policy Rate: 2.75 % (September 2026) · Source: Goldman Sachs Global Investment Research
  • South Korea Headline CPI: 3.3 % yoy (August 2026) · Source: Goldman Sachs Global Investment Research
  • South Korea Exports Growth: 64.6 % yoy (August 2026) · Source: Goldman Sachs Global Investment Research

Securities

Korea Treasury Bond

Themes

Asia Macro Economic Outlook & Central Bank PolicyFiscal and Sovereign Debt Issuance Dynamics

Regions

Asia PacificChinaSouth KoreaIndia

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Goldman SachsWeekly UpdateMacro Economic IndicatorsRates Govt Bonds

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