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Philippines Trade Balance On Tap For Tuesday

The Philippines will on Tuesday release December figures for imports and trade balance, highlighting a modest day for Asia-Pacific economic activity.

Imports are expected to contract 1.0 percent on year after adding 0.6 percent in November. The trade balance is expected to show a deficit of $1.372 billion after posting a shortfall of $1.634 billion in the previous month.

South Korea will provide current account numbers for January, with forecasts suggesting a deficit of $2.5 billion following the $3.959 billion surplus in December.

Japan will provide January numbers for retail sales, plus the results of February's small business confidence survey. Retail sales are expected to rise 1.0 percent on month but fall 0.1 percent on year following the 0.3 percent monthly gain and the 2.5 percent annual jump in December. Sales from large retailers are called lower by 1.1 percent on year after easing 0.3 percent in the previous month. The small business confidence survey saw a score of 45.7 in January.

Thailand will release manufacturing production data for January, with analysts expecting a plunge of 18.2 percent on year. That follows the 25.8 percent decline in December.

Finally, the Taiwan Stock Exchange remains closed Tuesday for Peace Memorial Day. It will re-open on Wednesday.

by RTTNews Staff Writer

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