Report published August 28, 2026
Asia Week Ahead: Key Economic Data on Australia, China, India, Japan, Korea, and Philippines
Source and citation context
- Issuer
- ING
- Report date
- August 28, 2026
- Analysis as of
- Not stated in source
Authors / editors: Deepali Bhargava (Author), Lynn Song (Author)
Finvaulta summarizes ING'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.
ING previews key economic releases across Asia for the week ahead, focusing on GDP growth for India and Australia, China PMIs, and regional inflation figures. Highlights include expectations for slowing Australian GDP growth (1.8% YoY), robust Indian growth (7.5% YoY), and sub-50 China PMI rebounds.
Key Takeaways
- 1.India's Q2 GDP growth is expected to ease modestly to 7.5% YoY but continue to outperform regional peers supported by domestic demand and resilient exports.
- 2.Australia's 2Q GDP is forecast to slow to 1.8% YoY due to housing sector weakness, with ING leaning towards the RBA keeping rates on hold despite markets pricing rate hike risks.
- 3.China's August manufacturing and non-manufacturing PMIs are projected to rebound modestly to 49.5 and 49.4 but remain in contraction below 50 due to persistent domestic demand weakness.
Table of Contents
- Asia Research highlights of the week
- India: Growth remains robust despite moderation
- Australia: GDP growth set to slow in 2Q
- China: PMIs to rebound but remain in contraction
- Philippines: Headline inflation expected to ease
- Japan: Production to slow as retail sales rebound
- South Korea: Trade to moderate as inflation accelerates
- Key events in Asia next week
- Author
- Disclaimer
Report data
Key events in Asia next week
| Metric | Estimate | Context |
|---|---|---|
| Q2 GDP Growth (YoY) | 7.5% | India Q2 GDP growth forecast (down from 7.8% previous) |
| Q2 Real GDP Growth (YoY) | 1.8% | Australia Q2 GDP growth forecast (down from 2.5% previous) |
| NBS Manufacturing PMI | 49.5 index points | China August manufacturing PMI forecast (up from 49.2 previous) |
| NBS Non-Manufacturing PMI | 49.4 index points | China August non-manufacturing PMI forecast (up from 49.0 previous) |
| Headline CPI Inflation (YoY) | 6.0% | Philippines August headline inflation forecast (down from 6.2% previous) |
Reports in this series
Asia Week Ahead is shown in chronological order through this edition, published on August 28, 2026.
Part of the Asia Week Ahead series — view all 8 editions
Looking for the latest edition? ING Think asia week ahead 040926 (Sep 4, 2026)
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Authors / Editors
Reported Data Context
- Q2 GDP Growth (YoY): 7.5 % (Q2) · Source: ING
- Q2 Real GDP Growth (YoY): 1.8 % (Q2) · Source: ING
- NBS Manufacturing PMI: 49.5 index points (Aug) · Source: ING
- NBS Non-Manufacturing PMI: 49.4 index points (Aug) · Source: ING
- Headline CPI Inflation (YoY): 6.0 % (Aug) · Source: ING
Themes
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