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Asian Economic News
South Korean Trade Balance Due On Tuesday
11/30/2009 6:02 PM ET
(RTTNews) -
South Korea is scheduled to release November numbers for imports, exports, trade balance and inflation on Tuesday, headlining a busy day for Asian economic news. Imports are expected to climb 8.6 percent on year following the 16 percent annual plunge in October. Exports are called higher by 22.8 percent following the 8.5 percent annual contraction in the previous month. The trade balance is expected to show a surplus of $3.6 billion after the $3.794 billion surplus a month earlier. Inflation is expected to climb to 2.2 percent from the current 2 percent.
China will release its November PMI for manufacturing, with analysts looking for an index score of 55.7, up from 55.2 in October.
Hong Kong will announce retail sales data for October, with numbers expected to climb 7.6 percent on year by value and 6.5 percent by volume. That follows the 2.4 percent annual hike by value the 1 percent gain by volume in September.
Indonesia is slated to announce October figures for imports, exports, trade balance and inflation. Imports are tipped to fall 18.3 percent on year after the 24.2 percent annual contraction in September. Exports are predicted to fall 7 percent on year after the 19.9 percent decline in the previous month. The trade balance is expected to reflect a surplus of $1.163 billion after the $1.269 billion surplus a month earlier. Inflation is expected to climb to 2.7 percent from the current 2.57 percent.
Thailand will release November inflation figures, with the headline number expected to jump to 1.8 percent from the current 0.4 percent. Core inflation is tipped to rise 0.2 percent on year after the 0.1 percent decline in October.
by RTT Staff Writer
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