Asian Economic News

China Data On Tap For Friday

China will on Friday release a raft of economic data, highlighting a modest day for Asia-Pacific economic activity. On tap are Q3 figures for GDP, as well as September numbers for retail sales, industrial production and fixed asset investment.

GDP is expected to rise 2.1 percent on quarter and 7.8 percent on year after adding 1.7 percent on quarter and 7.5 percent on year in the previous three months.

Retail sales are called higher by 13.5 percent on year following the 13.4 percent gain in August. Industrial output is tipped to rise 10.2 percent on year, slowing from 10.4 percent in the previous month. FAI is expected to climb 20.4 percent, up from 20.3 percent a month earlier.

Japan will release September numbers for department store sales; in August, nationwide sales were up 2.7 percent on year, while Tokyo sales jumped an annual 5.6 percent.

The Philippines will provide September numbers for current account; in August, the current account balance was a deficit of $318 million.

by RTTNews Staff Writer

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