News Column

Australian Data Tops Thursday's Economic Action

July 30, 2014

CANBERA (Alliance News) - Australia is set to release a raft of data on Thursday, highlighting a busy day for Asia-Pacific economic activity. On tap are Q2 numbers for import and export prices, as well as June figures for building approvals and private sector credit.

Import prices are expected to fall 1.5% on quarter after adding 3.2% in Q1. Export prices are called lower by 4.0% after rising 3.6% in the first quarter.

Building approvals are tipped to surge 23.3% on year after climbing 14.3% in May. Approvals are called flat on month after jumping 9.9% in the previous month.

Private sector credit is tipped to add 0.4% on month and 4.6% on year after gaining 0.4% on month and 4.7% on year in May.

Japan will see June numbers for labor cash earnings, vehicle production, housing starts and construction orders.

Labor cash earnings are expected to add 0.8% on year after gaining 0.6% in May. Vehicle production climbed 6.1% in the previous month. Housing starts are called lower by 11.5% on year after tumbling 15.0% a month earlier. Construction orders spiked an annual 13.7% in May.

Hong Kong will release retail sales data for June; in May, sales dipped 4.1% on year.

Thailand will see June numbers for imports, exports, trade balance and current account. In May, imports were worth USD17.64 billion and exports were at USD19.27 billion for a trade surplus of USD1.63 billion. The current account saw a deficit of USD664 million.

Malaysia will provide producer price data for June; in May, PPI was down 0.6% on month and up 3.7% on year.

Singapore will release unemployment numbers for the second quarter; in Q1, the jobless rate was 2.0%.

Finally, markets in Indonesia remain closed on Thursday in observance of Eid-ul-Fitri; they will be off until August 4.

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Source: Alliance News

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