TOKYO (dpa-AFX) - Japan is on Monday scheduled to release January figures for machine orders, highlighting a modest day for Asia-Pacific economic activity. Machine orders are expected to dip 1.7 percent on month and 0.3 percent on year following the 2.8 percent monthly increase and the 3.4 percent annual contraction in December.
Japan also will see February figures for money stock and machine tool orders. M2 and M3 money stock are expected to remain unchanged at 2.7 percent and 2.3 percent, respectively. Machine tool orders plummeted 26.4 percent on year in January.
New Zealand will provide February numbers for retail credit card spending, with forecasts suggesting an increase of 0.5 percent on month following the 0.3 percent increase in January.
Malaysia will release January numbers for industrial production and manufacturing production. Industrial production was down 2.3 percent on month and up 3.7 percent on year in December, while manufacturing output shed 2.3 percent on month and added 4.6 percent on year.
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