South Korea will on Wednesday provide July figures for inflation and manufacturing PMI, highlighting a busy day for Asia-Pacific economic activity.
Overall inflation is expected to rise 0.2 percent on month and 1.9 percent on year following the 0.1 percent monthly contraction and the 2.2 percent annual increase in June. Core CPI was up 0.3 percent on month and 1.5 percent on year in the previous month. The manufacturing PMI saw a score of 49.4 in June.
China will see the July results of its manufacturing PMI, with forecasts suggesting a score of 50.4 - up from 50.2 in June. Also on tap is the HSBC Manufacturing PMI for July, which is called at 49.5 - up from 48.2 in June.
Thailand will announce inflation data for July, with core CPI expected to be flat on month and up 1.9 percent on year after adding 0.15 percent on month and 1.9 percent on year in June. Overall CPI was up 0.16 percent on month and 2.6 percent on year in June, while producer prices were down 1.3 percent on month and 0.4 percent on year.
Indonesia will release July numbers for inflation, along with June figures for imports, exports and trade balance. Overall CPI is expected to add 0.7 percent on month and 4.5 percent on year after rising 0.62 percent on month and 4.53 percent on year in June. Core CPI was up 0.48 percent on month in June and 5.39 percent on year. Exports were worth $16.73 billion in May, while imports were at $17.21 billion, resulting in a deficit of $0.48 billion.
Australia will see July numbers for commodity prices and the AiG Performance of Manufacturing Index, as well as Q2 figures for house prices. The commodity price index saw an annual decline of 10.5 percent in June, down to a score of 97.5, while the manufacturing index came in at 47.2. House prices are expected to fall 0.5 percent on quarter and 4.2 percent on year after shedding 1.1 percent on quarter and 4.5 percent on year in the three months prior.
by RTT Staff Writer
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