Japan Industrial Production On Tap For Thursday
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Japan on Thursday released preliminary October data for industrial production, setting the pace for a busy day in Asia-Pacific economic activity. Industrial output is expected to rise 1.8% on month and 7.2% on year after falling 1.0% on month and gaining 2.6% on year in September.
Japan also will see October figures for vehicle production, housing starts and construction orders. Housing starts are expected to fall 2.8% on year to 950,000 after sliding 2.9% in September to 952,000.
Vehicle production was up 1.7% on year in September, while construction orders plummeted 11.6%.
China will see November numbers for its manufacturing and non-manufacturing PMIs; in October, their scores were 51.6 and 54.3, respectively.
The central bank in South Korea will wrap up its monetary policy meeting and then announce its decision on interest rates, with the bank widely expected to keep its benchmark lending rate unchanged at 1.25%.
South Korea also will see October numbers for industrial production and retail sales. Output is expected to add 0.6% on month and 6.1% on year after gaining 0.1% on month and 8.4% on year in September. Retail sales were up 3.1% on month and 8.3% on year in September.
Australia will provide October numbers for private sector credit and building approvals, plus Q3 data for private capital expenditure.
Private sector credit is expected to add 0.4% on month and 5.3% on year after gaining 0.3% on month and 5.4% on year in September.
Building approvals are expected to sink 1.0% on month and surge 14.1% on year after adding 1.5% on month and 0.2% on year in the previous month. Capex is expected to rise 1.0% on quarter after adding 0.8% in Q2.
New Zealand will see November results of the activity outlook and business confidence indexes from ANZ; in October, their scores were 22.2 and -10.1, respectively.
Hong Kong will provide October figures for retail sales – which are expected to rise 6.2% on year after gaining 5.5% in September.
Thailand will release Q3 data for current account and October trade data. In the third quarter, the current account surplus was USD8.32 billion and the financial account deficit was USD6.89 billion. In September, imports were worth USD16.47 billion and exports were at USD21.87 billion for a trade surplus of USD5.40 billion.
Malaysia will see October numbers for producer prices; in September producer prices were up 1.1% on month and 6.0% on year.
Questions & Answers
Q.What is the forecast for industrial production in Japan for October?
What is the forecast for industrial production in Japan for October?
Industrial output in Japan is expected to increase by 1.8% on a monthly basis and 7.2% year-on-year for October. This follows a monthly fall of 1.0% and a yearly gain of 2.6% in September.
Q.How did South Korea's retail sales perform in September?
How did South Korea's retail sales perform in September?
In September, South Korea's retail sales saw an increase of 3.1% compared to the previous month. Year-on-year, retail sales were up by 8.3% for the same period.
Q.What is the expectation for Australia's private sector credit for October?
What is the expectation for Australia's private sector credit for October?
Private sector credit in Australia is predicted to rise by 0.4% on month and 5.3% on year for October. This follows a 0.3% monthly gain and 5.4% yearly gain in September.
Q.What was Hong Kong's retail sales performance in September?
What was Hong Kong's retail sales performance in September?
Hong Kong recorded a 5.5% year-on-year increase in retail sales for September. The expectation for October is a further rise of 6.2% compared to the previous year.
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