India’s HSBC PMI to Reveal Growth Momentum as Asia Inflation Data Arrive
HSBC•India’s HSBC PMI data for June will help determine whether its growth pace is accelerating or stabilizing, with services output closely watched. China’s Loan Prime Rate is expected to remain unchanged, while Australia’s trimmed mean consumer-price gauge accelerated to 3.4% in May.
1. Asia-Pacific Economic Calendar
The week features key releases across Asia-Pacific, including China’s Loan Prime Rate fixing expected to remain unchanged and Australia’s trimmed mean CPI, which accelerated to 3.4% in May, offering insight into regional inflation trends.
2. India’s HSBC PMI Report
India’s HSBC Purchasing Managers’ Index for June will gauge services and manufacturing momentum after the country outpaced regional peers in growth, with analysts focusing on input costs and output levels for direction.
3. Australian Inflation Update
Australia’s trimmed mean consumer-price index rose 3.4% year-on-year in May, the fastest pace since early 2023, reflecting rising underlying price pressures beyond volatile energy costs.
4. Global Policy Focus
Investors await the US personal consumption expenditures price index on Thursday to assess Fed tightening prospects, while central bank meetings in Canada, Europe and emerging markets will shape near-term monetary outlooks.
