Asia Economics Week Ahead: 28 September – 4 October

We discuss our expectations for relevant economic indicators to be disclosed in EM Asia over the next week. China — We expect the September manufacturing PMI to rebound to 50.2, returning to expansionary territory from 49.8 in August. Singapore — We project Singapore industrial production growth to accelerate to 16.1%YoY in August from 6.8%YoY in July. Sri Lanka — We expect CBSL to raise the Overnight Policy Rate by 50bps to 9.25% next week. Indonesia — We see headline CPI inflation to rise to 3.38%YoY in September from 3.19%YoY in August, while core inflation should ease to 2.85%YoY from 2.92%YoY. South Korea — We expect South Korea's export growth to remain robust at 68.4%YoY in September. Hong Kong — We expect Hong Kong's retail sales will grow by 3.7%YoY in August compared to 4.5%YoY last month.