New Zealand will release some key economic figures on Tuesday, setting the pace for a modest day in Asia-Pacific economic activity. On tap are May figures for credit card spending and house prices.
Credit card spending was up 0.6 percent on month in April, while retail spending added 0.8 percent. House prices saw a 3.1 percent increase on month.
Japan will provide April numbers for loans and discounts, plus its tertiary industry index, as well as May data for its domestic corporate goods price index. Loans and discounts were down 0.4 percent on year in March, while the tertiary industry index is expected to rise 0.3 percent on month after falling 0.6 percent in March. Domestic CGPI is tipped to fall 0.4 percent both on month and on year after rising 0.3 percent on month and easing 0.2 percent on year in April.
Australia will see the May results of the NAB surveys for business confidence and business conditions. Confidence saw a score of 4 in April, while conditions were at 0.
by RTT Staff Writer
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