Non-oil domestic exports data for June will be released on Thursday. The data will be watched to see if shipments continued to decline after May’s contraction amid U.S. trade uncertainty.
Malaysia
Malaysia will release second-quarter advance GDP figures, as well as June trade data.
Economic growth likely slowed to 4.2% in April-June from 4.4% in the first quarter, as indicators suggest weaker consumer demand and easing exports, ANZ economists said in a note.
While capital goods imports point to continuing infrastructure activity, softer retail trade, falling consumer imports, and weak manufacturing orders reflect slowing domestic and external demand, it added.
ANZ expects the country's full-year growth to come in at 4.1%, with no further rate cuts in the pipeline.
Malaysia's export growth likely rebounded in June due to a low base last year, while an on-month decline in imports probably helped widen the trade surplus, Barclays analysts said in a note.
India
India's inflation data on Monday will help show whether consumer prices have continued to ease, justifying the central bank's recent decision to frontload interest rate cuts.
ANZ Research expects inflation to have cooled again in June due to favorable base effects. It thinks the central bank will likely cut rates by 25 basis points again in the fourth quarter, or even sooner if the risk of a food price shock ebbs.
While inflation will likely remain at "comfortable levels" through the year, there are risks from trade uncertainties and geopolitical tensions, CareEdge Ratings said in a report.
On Tuesday, trade figures give a glimpse into the strength of India's exports in June amid worries about U.S. tariffs.
Faced with a 26% levy, India has been in talks with the U.S. to negotiate a deal. Analysts see a good chance that India could secure some reprieve from country-specific as well as sectoral tariffs.
Any references to days are in local times.
Write to Jessica Fleetham at jessica.fleetham@wsj.com and Jihye Lee at jihye.lee@wsj.com
(END) Dow Jones Newswires
July 13, 2025 17:14 ET (21:14 GMT)
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