CANBERA (dpa-AFX) - Indonesia will release a raft of data on Monday, headlining a busy day for Asia-Pacific economic activity. On tap are October numbers for imports, exports and trade balance, as well as November data for inflation.
Imports were worth $15.47 billion in September, while exports were at $14.81 billion for a trade deficit of $0.66 billion. Inflation is expected to rise 0.3 percent on month and 8.6 percent on year following the 0.09 percent monthly increase and the 8.32 percent yearly gain in October. Core CPI added 0.55 percent on month and 6.90 percent on year in the previous month.
Thailand will provide November numbers for consumer prices, with forecasts suggesting an increase of 0.05 percent on month and 1.9 percent on year following the 0.17 percent monthly increase and the 1.5 percent annual gain in October. Core CPI is called flat on month and higher by 0.7 percent on year after adding 0.12 percent on month and 0.7 percent on year in the previous month.
Australia will see October results for building approvals, November's manufacturing and commodity data plus inflation forecast from TD Securities and Q3 figures for company operating profits.
Building approvals are tipped to fall 5.0 percent on month and jump 17.0 percent on year after surging 14.4 percent on month and 18.6 percent on year in September. The AiG Performance of Manufacturing Index saw a score of 53.2 in October. The Reserve Bank of Australia's commodity price index dipped 1.0 percent on year in October to a score of 88.1.
The inflation forecast for October was up 0.1 percent on month and 2.1 percent on year. Company operating profits are tipped to rise 1.0 percent on quarter after dipping 0.8 percent in the second quarter.
Japan will provide November numbers for vehicle sales and Q3 data for capital spending and company profits. Vehicle sales spiked 17.3 percent on year in October. Capex is called higher by 2.8 percent following the flat reading in Q2 - when company profits jumped 24.0 percent.
China will see November results for the HSBC/Markit Manufacturing PMI, with analysts predicting a score of 50.5 - down from 50.9 in October.
South Korea will release inflation data for November, with analysts expecting a flat reading on month and an increase of 1.0 percent on year following the 0.3 percent monthly decline and the 0.7 percent annual increase in October.
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