China will on Friday provide the results of its manufacturing PMI for May, highlighting a busy day in Asia-Pacific economic activity. The index is expected to come in at 52, down from 53.3 in April. In addition, the HSBC manufacturing PMI for May is due; it was at 49.3 in the previous month.
Japan will provide Q1 numbers for capital spending, plus May figures for vehicle sales. Capital spending is expected to rise 1.0 percent after climbing 7.6 percent in the previous three months. Capital spending excluding software is tipped to ease 0.1 percent following the 4.9 percent jump in the fourth quarter of 2011. Vehicle sales saw an annual increase of 92.0 percent in April.
New Zealand will announce Q1 numbers for terms of trade, plus May figures for commodity prices. Terms of trade are expected to fall 2.8 percent on quarter after shedding 1.4 percent in the previous three months. Commodity prices were down 4.5 percent in April.
Australia will see the results of the AiG Performance of Manufacturing Index for May, as well as the Rismark House Price Balance for April. AiG was at 43.9 in April, while Rismark fell 0.8 percent in March.
South Korea will release May figures for inflation; CPI was up 2.5 percent on year and flat on month, while core CPI added 1.6 percent on year and 0.1 percent on month.
Indonesia will provide April figures for imports, exports and trade balance, as well as May data for inflation. Imports were at $16.43 billion in March, while exports came in at $17.27 billion for a trade surplus of $0.84 billion. Inflation was up 4.50 percent on year and 0.21 percent on month in April, while core CPI added 5.13 percent on year and 0.62 percent on month.
Thailand will announce May numbers for CPI and PPI. Overall inflation is expected to come in unchanged at 2.5 percent on year while falling to 0.1 percent on month from 0.42 percent in April. Core CPI is called at 1.7 percent on year, down from 2.1 percent in the previous month; it is expected to hold steady on month at 0.1 percent. PPI was up 0.4 percent on month and 0.8 percent on year in April.
by RTT Staff Writer
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