News Column

China Trade Data On Tap For Thursday

July 9, 2014



CANBERA (Alliance News) - China will on Thursday release June figures for imports, exports, trade balance and new yuan loans, setting the pace for a busy day in Asia-Pacific economic activity.

Imports are expected to rise 5.6% on year after easing 1.6% in May. Exports are called higher by 10.2% after gaining 7.0% in the previous month. The trade balance is expected to reflect a surplus of USD36.95 billion, up from USD35.92 billion a month earlier. Yuan loans are expected total 950.0 billion, up from 870.8 billion in May.

Japan will provide May numbers for machine orders and tertiary industry, as well as June data for domestic corporate goods prices and consumer confidence.

Machine orders are tipped to add 0.7% on month and 10.1% on year after tumbling 9.1% on month and climbing 17.6% on year in April.

The tertiary industry index is expected to gain 1.7% on month after tumbling 5.4% in April. The domestic price index is tipped to add 0.1% on month and 4.5% on year after gaining 0.3% on month and 4.4% on year in May. The consumer confidence index is expected to rise to 40.3 from 39.3 in May.

Australia will release June unemployment figures, with the jobless rate expected to rise to 5.9% from 5.8% in May. The Australian economy is tipped to have added 12,000 jobs following the loss of 4,800 jobs in the previous month.

The Bank of Korea will close out its monetary policy meeting and then announce its decision on interest rates; the bank is widely expected to keep rates on hold at 2.50%.

New Zealand will see June results for the Performance of Manufacturing Index from Business NZ; the index saw a score of 52.7 in May.

The Malaysia central bank will conclude its monetary policy meeting and announce its decision on interest rates; the bank is widely expected to keep rates on hold at 3.00%.

Malaysia also will see May results for industrial and manufacturing production. Industrial output is expected to fall 1.3% on month and gain 3.5% on year after rising 3.6% on month and 4.2% on year a month earlier. Manufacturing production climbed 4.1% on month and 4.0% on year in April.

The central bank in Indonesia will wrap up its monetary policy meeting and then announce its decision on interest rates; the central bank is widely expected to keep rates on hold at 7.50%.



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Source: Alliance News


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