Asian Economic News

Share SHARE

Kiwi dairy giant Fonterra maintained its forecast for farmer payouts for the 2014/15 season, a released from the company revealed Wednesday. The 2014/15 Farmgate Milk Price forecast was retained at NZ$6.00 per KgMS. With the previously estimated dividend range of 20-25 cents per share, the cash payout...

The value of construction work done in Australia in the second quarter of 2014 was down a seasonally adjusted 1.2 percent on quarter, the Australian Bureau of Statistics said on Wednesday, standing at A$51.926 billion. That was well shy of forecasts for a contraction of 0.5 percent following the downwardly...

China's consumer sentiment decreased in August, results of a survey by MNI and Westpac showed Wednesday. The Westpac-MNI consumer sentiment index fell to 113.3 in August from 114.8 in July. In June, the index was at 112.6.

NewZealandcpi-071510.jpg Food prices in New Zealand dipped 0.7 percent on month in July, Statistics New Zealand said on Wednesday. That was well shy of forecasts for an increase of 0.7 percent and down sharply from the 1.4 percent gain in June. Prices also were up 0.6 percent in May. "There were lower prices for meat in...

Food prices in New Zealand were down 0.7 percent on month in July, Statistics New Zealand said on Wednesday. That was well shy of forecasts for an increase of 0.7 percent and down sharply from the 1.4 percent gain in June. The fall in meat, poultry, and fish prices (down 2.2 percent) reflects lower...

An index measuring consumer confidence in South Korea was up in August, the Bank of Korea said on Wednesday, coming in with a score of 107.0 - up from 105.0 in July. Consumer sentiment on current living standards was one point higher than in the previous month at 92, while that for their outlook remained...

New Zealand will on Wednesday release July numbers for food prices, headlining a modest day for Asia-Pacific economic activity. Food prices were up 1.4 percent on month in June. Australia will release Q2 figures for construction work done, with analysts expecting a decline of 0.5 percent following...

Japan's government maintained its economic view after raising its assessment last month, but expressed concerns over prolonged effects on the economy from April's sales tax hike. In its monthly report released Tuesday, the cabinet office said the economy is on a moderate recovery trend with the pullback...

Singapore's industrial production increased for the second straight month in July, data from the Economic Development Board showed Tuesday. Manufacturing output grew 3.3 percent year-on-year in July, in line with expectations. In June, production went up 0.8 percent, which was revised up from 0.4...

Standard & Poor's Ratings Services on Tuesday maintained its ratings on New Zealand citing moderate fiscal flexibility, economic resilience, public policy stability and sound financial sector. The foreign currency rating was affirmed at 'AA' and the local currency rating at 'AA+'. The rating outlook...

The trade surplus in the Philippines widened unexpectedly in June as imports continued to fall, preliminary data from the National Statistics Office showed Tuesday. The trade surplus came in at $731 million in June following the revised $423 million surplus in May. Economists had expected the trade...

China's economy continued to expand in July at a steady pace, the latest survey from the Conference Board revealed on Tuesday as its leading index added 1.3 percent. That follows the 1.3 percent increase in June and the 0.7 percent gain in May. The coincident index added 1.2 percent in July after...

An index measuring corporate service prices in Japan were up 3.7 percent on year in July, the Bank of Japan said on Tuesday - coming in at 102.7. That was in line with expectations and unchanged from the previous month following an upward revision from 3.6 percent. On a monthly basis, prices were...

NZtradebalance-082910.jpg New Zealand posted a merchandise trade deficit of NZS692 million in July, Statistics New Zealand said on Tuesday - or 19 percent of exports. That missed forecasts for a shortfall of NZD475 million following the NZD247 million surplus in June. Exports were down 3.3 percent on year to NZD3.70 billion,...

New Zealand saw a merchandise trade deficit of NZS692 million in July, Statistics New Zealand said on Tuesday. That missed forecasts for a shortfall of NZD475 million following the NZD247 million surplus in June. Exports were down 3.3 percent to NZD3.70 billion, shy of expectations for NZD3.98...