China will on Friday release July figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.
Imports are expected to rise 7.0 percent on year after adding 6.3 percent in June. Exports are called higher by an annual 8.0 percent following the 11.3 percent jump in the previous month. The trade balance is expected to reflect a surplus of $35.05 billion, up from $31.72 billion a month earlier.
Singapore will provide final GDP figures for the second quarter of 2012; last month's advanced estimate suggested an increase of 1.9 percent on year and a contraction of 1.1 percent on quarter.
Japan will provide final June figures for industrial production and July numbers for its domestic corporate goods price index. Output is expected to see little change from last month's preliminary reading that suggested a contraction of 0.1 percent on month and 2.0 percent on year. The CGPI is expected to add 0.1 percent on month and fall 1.5 percent on year after shedding 0.6 percent on month and 1.3 percent on year in June.
The Reserve Bank of Australia will release its statement on monetary policy. Earlier this week, the RBA kept rates on hold at 3.50 percent.
New Zealand will provide July figures for credit card spending; in June, it was up 0.3 percent on month and retail credit card spending was up 0.4 percent on month.
by RTT Staff Writer
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