Japan Data On Tap For Friday
CANBERA (Alliance News) - Japan is scheduled to release a raft of data on Friday, setting the pace for a busy day in Asia-Pacific economic activity.
On tap are October numbers for current account and labor cash earnings, plus November figures for bank lending and the eco watchers survey, and final Q3 data for gross domestic product.
The current account is expected to show a surplus of 1.730 billion yen, down from 2.271 billion yen in September. Labor cash earnings are tipped to rise 0.8% on year after gaining 0.9% in the previous month.
Bank lending is expected to hold steady at 2.8% on year. The eco survey for current conditions is expected to show a score of 52.1, down from 52.2 in October, while the outlook is called at 54.0 - down from 54.9 a month earlier.
GDP is expected to be revised up to 0.4% on quarter and 1.5% on year - up from last month's preliminary reading that suggested a gain of 0.3% on quarter and 1.4% on year. GDP in the second quarter was up 0.6% on quarter and 2.6% on year.
China will release November numbers for imports, exports and trade balance. Imports are expected to add12.0% on year, slowing from 17.2% in October. Exports are called higher by 5.1%, slowing from 6.9% in the previous month. The trade surplus is pegged at USD34.70 billion, down from USD38.17 billion a month earlier.
Australia will provide October figures for home loans, with forecasts suggesting a decline of 2.0% on month following the 2.3% drop in September.
Copyright RTT News/dpa-AFX