RTTNews - China is set to announce May numbers for its consumer and producer price indexes, headlining Wednesday's Asian economic news. Analysts are expecting inflation to fall 1.3 percent on year after the 1.5 percent annual contraction in April. Producer prices are called lower by 6.9 percent on year after the 6.6 percent annual decline in the previous month.

Japan is set to announce May numbers for its domestic corporate goods price index and April data for key machine orders. CGPI is expected to ease 0.3 percent on month after the 0.4 percent decline in April. On year, CGPI is expected to fall 5.1 percent after the 3.8 percent decline in the previous month. Machine orders are predicted to fall 0.6 percent on month after the 1.3 percent decline in March. On year, orders are seen lower by 29.5 percent after the 22.2 contraction in the previous month.

The Philippines will announce exports figures for May, with analysts predicting a 33.7 percent decline on year. That follows the 30.9 percent annual contraction in April.

South Korea will announce April numbers for money supply and May figures for household debt and unemployment. Money supply is expected to climb 9.7 percent on year after the 11.1 percent annual expansion in March. Household debt came in at 392.7 trillion won in April, while the seasonally adjusted unemployment rate is expected to climb from 3.7 percent to 3.8 percent.

Malaysia will release April figures for industrial production, with analysts calling for a 14 percent annual contraction following the 14.4 percent decline on year in March.

For comments and feedback: contact editorial@rttnews.com