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The manufacturing sector in Australia continued to expand in June, and at a slightly faster rate, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 55.8. That's up from 55.7 in May, and it moves further above the boom-or-bust line of 50 tat separates expansion...

Australia will on Thursday see June results for the manufacturing, services and composite PMIs from S&P Global, highlighting a busy day for Asia-Pacific economic activity. In May, their scores were 55.7, 53.2 and 52.9, respectively. Japan will see June results for the manufacturing, services and composite...

Producer prices in South Korea were up 0.5 percent on month in May, the Bank of Korea said on Thursday - slowing from 1.6 percent in April. Individually, prices for agricultural, forestry and marine products climbed 1.5 percent, manufacturing products were up 0.8 percent, utilities fell 1.1 percent...

The Reserve Bank of India remained focused on the withdrawal of monetary accommodation, to ensure that inflation remains with the target, without disrupting economic recovery, the minutes of the June meeting showed Wednesday. At the meeting held on June 6-8, the monetary policy committee unanimously...

New Zealand credit card spending increased for the third straight month in May, data from the Reserve Bank of New Zealand revealed on Wednesday. Total credit card billings rose 1.8 percent monthly in May, following a 0.9 percent increase in April. In March, spending was 3.5 percent.  Domestic billings...

australia aug19 22jun22 Australia's leading index growth slowed in May largely due to the deterioration in consumer sentiment, data released by Westpac showed on Wednesday. Nonetheless, the index signaled above trend growth for this year. The six-month annualized growth rate in the Westpac-Melbourne Institute Leading Index, fell to 0.58 percent in May from 1.09 percent in April.

Members of the Bank of Japan's Monetary Policy Board said that the country's economy is headed in the right direction, minutes from the board's April 27 and 28 policy meeting revealed on Wednesday - although the upside continues to be limited by lingering COVID-19 cases. Exports and industrial production...

New Zealand posted a merchandise trade surplus of NZ$263 million in May, Statistics New Zealand said on Wednesday. That follows the downwardly revised NZ$440 million surplus in April (originally (NZ$584 million). Exports were worth NZ$6.95 billion last month, accelerating from the downwardly revised...

The Bank of Japan will on Wednesday release the minutes from its monetary policy meeting on April 27 and 28, highlighting a modest day for Asia-Pacific economic activity. At the meeting, the BoJ maintained its massive stimulus and guidance of ultra-low interest rates at -0.1 percent and raised the...

Hong Kong's consumer price inflation eased unexpectedly in May, though marginally, data released by the Census and Statistics Department showed on Tuesday. Consumer prices climbed 1.2 percent year-over-year in May, following a 1.3 percent increase in April. Meanwhile, economists had expected inflation...

rba philip lowe 050417 21jun22 Reserve Bank of Australia Governor Philip Lowe said more interest rate increases are likely in the coming months as the central bank will do what is necessary to ensure that inflation returns to the target range over time. Although the interest rate is still very low, the governor played down the market expectations for an increase in the rate to 4 percent by the year-end as such an action would

The Reserve Bank of Australia will on Monday release the minutes from its monetary policy meeting on June 7, highlighting a light day for Asia-Pacific economic activity. At the meeting, the RBA raised its key interest rate by a bigger-than-expected 50 basis points to 0.85 percent from 0.35 percent,...

India is at low risk of stagflation, owing to its prudent stabilization policies, the Finance Ministry said in its monthly economic review on Monday. India faces near-term challenges in managing its fiscal deficit, sustaining economic growth, reining in inflation and containing the current account...

Taiwan's export orders increased more than expected in May, data from the Ministry of Economic Affairs showed on Monday. Export orders rose 6.0 percent year-on-year in May. Economists had expected a 0.3 percent growth. Orders for mineral products grew 124.1 percent annually in May and those of...

New Zealand's service sector expanded at the fastest pace in eleven months in May, as activity and new orders rose at sharper rates, survey figures from Business NZ showed on Monday. The performance of services index, or PSI, rose to 55.2 in May from 52.2 in April. A reading above 50 indicates an...

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