Japan will on Friday release December figures for household spending, highlighting a light day for Asia-Pacific economic activity. Spending is expected to slip 1.3 percent on month and 0.5 percent on year after rising 6.2 percent on month and 2.9 percent on year in November.
Japan also will see preliminary December readings for its leading and coincident indexes; in November, the leading index was up 0.1 percent and the coincident fell 1.0 percent.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.