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Asian Economic News

Australia Unemployment Data On Tap For Thursday

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Australia will on Thursday release February figures for unemployment, highlighting a busy day for Asia-Pacific economic activity.

The unemployment rate is expected to rise from 5.4 percent in January to 5.5 percent, with the addition of 10,000 jobs following the gain of 10,400 in the previous month.

Japan will see final January figures for industrial production; little change is expected from the preliminary readings that indicated an increase of 1.0 percent on month and a decline of 5.1 percent on year.

The Bank of Korea will conclude its monetary policy meeting and then announce its decision on interest rates. The central bank is widely expected to keep rates on hold at 2.75 percent.

The central bank of the Philippines also will announce its rate decision; it is expected to keep rates on hold at 3.50 percent.

Hong Kong will provide industrial production and producer price data for the fourth quarter of 2012; in Q3, output was down 0.1 percent on year, while PPI shed an annual 1.5 percent.

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