RTTNews - The Philippines will announce May numbers for its consumer price index on Friday, setting the pace for a modestly busy day for Asian economic news. Analysts are forecasting inflation to rise 0.5 percent on month, holding steady from the previous month. On an annual basis, CPI is expected to come in at 3.7 percent - easing from 4.8 percent in April.
Malaysia will provide foreign reserves numbers for the week ending May 29. Forecasts call for a surplus of $89.85 billion after the $88.03 billion total in the previous week.
Taiwan will release May data for inflation, WPI and foreign reserves. Inflation is forecast at minus-0.31 percent on year after the 0.45 percent annual contraction in April. Wholesale prices are forecast to fall 12.5 percent on year after the 10.99 percent annual decline in the previous month. Foreign reserves are seen at $301.56 billion after coming in at $304.66 billion a month earlier.
Thailand will provide foreign reserves numbers for the week ending May 29, with analysts predicting an increase of 121.8 percent on year after the 120.5 percent annual gain in the previous week.
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