Asia Week Ahead

Latest edition · August 28, 2026

ING Think asia week ahead 280826

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.

This weekly preview by ING details major macro releases across the Asia-Pacific region. India's Q2 GDP growth is expected to moderate slightly to 7.5% YoY while remaining resilient, whereas Australia's 2Q GDP is forecast to decelerate to 1.8% YoY amid housing sector headwinds. In China, August manufacturing and non-manufacturing PMIs are projected to pick up slightly to 49.5 and 49.4, remaining in contraction territory. Meanwhile, Philippines inflation is expected to ease to 6.0% YoY on lower fuel prices, Japan anticipates mixed output and retail data, and South Korea faces accelerating headline CPI inflation alongside moderating trade growth.

Key takeaways from the latest edition

• 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.

What this series covers

• 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

Edition archive

• ING Think asia week ahead 280826

  August 28, 2026

• ING-Think-asia-week-ahead-100726

  July 10, 2026

• ING-Think-asia-week-ahead-260626

  June 26, 2026

• ING-Think-asia-week-ahead-rate-120626

  June 12, 2026

• ING-Think-asia-week-ahead-050626

  June 5, 2026

• ING-Think-asia-week-ahead-220526

  May 22, 2026