News Column

South Korea GDP On Tap For Thursday

September 3, 2014

CANBERA (Alliance News) - South Korea will on Thursday release gross domestic product figures for the second quarter of 2014, highlighting a modest day for Asia-Pacific economic activity.

In the first quarter, GDP was up 0.6% on quarter and 3.6% on year.

The Bank of Japan will conclude its monetary policy meeting and then announce its decision on interest rates. The central bank is widely expected to keep rates unchanged at 0 to 0.10%.

Australia will see July numbers for retail sales and trade balance. Retail sales are expected to add a seasonally adjusted 0.4% on month, slowing from the 0.6% gain in June. The trade balance is expected to reflect a deficit of AUD1,750 million after posting a AUD1,683 million shortfall a month earlier.

Thailand will see August results for its consumer confidence index; in July, the index posted a score of 78.2.

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Source: Alliance News

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