logo

Asian Economic News

Share

The wage price index in Australia was up 2.6 percent on year in the second quarter of 2022, the Australian Bureau of Statistics said on Wednesday. That was shy of expectations for an increase of 2.7 percent and up from 2.4 percent in the three months prior. On a seasonally adjusted quarterly basis,...

Japan posted a merchandise trade deficit of 1,436.8 billion yen in July, the Ministry of Finance said on Wednesday. That missed estimates for a shortfall of 1,405 billion yen following the downwardly revised 1.398 billion yen deficit in June (originally 1.383 billion yen). Exports were up 19.0...

The total value of core machine orders in Japan was up a seasonally adjusted 0.9 percent on month in July, the Cabinet Office said on Wednesday - coming in at 917.0 billion yen. That missed expectations for an increase of 1.3 percent following the 5.6 percent decline in May. On a yearly basis,...

Producer price outputs in New Zealand were up 2.4 percent on quarter in the second quarter of 2022, Statistics New Zealand said on Wednesday - easing from 2.6 percent in the previous three months. The largest output industry contributions were from: building construction, up 4.2 percent; electricity...

The Reserve Bank of New Zealand will wrap up its monetary policy meeting on Wednesday and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity. The central bank is expected to hike its Official Cash Rate by 25 basis points, from 2.50 percent to 3 percent. New...

Japan's tertiary activity dropped for the first time in four months in June, data from the Ministry of Economy, Trade and Industry showed on Tuesday. The seasonally adjusted tertiary activity index declined 0.2 percent month-on-month in June, after a 1.1 percent growth in May. Economists had forecast...

India's wholesale price inflation slowed for the second straight month in July, and at a faster-than-expected pace, provisional data from the Ministry of Commerce and Industry revealed on Tuesday. The wholesale price index climbed 13.93 percent year-over-year in July, following a 15.18 rise in June....

Policymakers of the Reserve Bank of Australia said more interest rate hikes will be needed in the process of normalizing monetary policy over the months ahead, the minutes of the meeting held on August 2 showed Tuesday. At the meeting, the board had decided to raise the cash rate by 50 basis points...

The Reserve Bank of Australia will on Tuesday release the minutes from its monetary policy meeting on August 2, setting the pace for a light day in Asia-Pacific economic activity. At the meeting, the central bank decided to lift the cash rate target by 50 basis points to 1.85 percent, the highest...

Indonesia's foreign trade surplus decreased in July, as exports fell and imports rose, figures from Statistics Indonesia showed on Monday. The trade surplus shrank to $4.22 billion in July from $5.14 billion in June. Economists had expected a surplus of $3.93 billion. Exports dropped 2.20 percent...

Japan's industrial production rose more than initially estimated in June, latest data from the Ministry of Economy, Trade and Industry said on Monday. Industrial production increased a seasonally adjusted 9.2 percent monthly in June. In the initial estimate, output grew 8.9 percent. Shipments rose...

chinaflag aug14 15aug22 In an attempt to provide impetus to the slowing economic growth, China's central bank cut interest rates unexpectedly on Monday as official data revealed weaker-than-expected industrial production and retail sales growth amid falling property investment. In a surprise move, the People's Bank of China reduced its key policy rate for the first time since January.

thailand aug19 15aug22 Thailand's economic growth improved in the second quarter as the service sector gained momentum, resulting from the easing of pandemic related restrictions and stimulus measures for tourism, official data showed Monday. Gross domestic product grew 2.5 percent from the last year, faster than the 2.3 percent expansion seen a quarter ago, the Office of the National Economic and Social Development Co

Industrial production in China was up 3.8 percent on year in July, the National Bureau of Statistics said on Monday - shy of expectations for an increase of 4.6 percent and down from 3.9 percent in June. The bureau also said that retail sales rose an annual 2.7 percent - again missing expectations...

Japan's gross domestic product expanded an annualized 2.2 percent on year in the second quarter of 2022, the Cabinet Office said in Monday's preliminary reading. That missed expectations for an increase of 2.5 percent following the upwardly revised 0.5 percent contraction in the previous three months...

Follow RTT