CANBERA (dpa-AFX) - Thailand will on Tuesday release December numbers for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.
Imports are expected to fall 2.5 percent on year after losing 3.46 percent in November. Exports are called higher by 0.5 percent after shedding 1.0 percent in the previous month. The trade balance is tipped to show a surplus of $110 million following the $78 million deficit a month earlier.
The Philippines will release November numbers for imports and trade balance. Imports are expected to fall 4.1 percent on year after climbing 7.5 percent in October. The trade balance is tipped to show a deficit of $181 million following the $56 million shortfall in the previous month.
Australia will see December results for business confidence and business conditions from NAB. In November, the index scores were 1 and 5, respectively.
China will release December numbers for industrial profits; in November, profits were down 4.2 percent on year.
Hong Kong will provide December data for imports, exports and trade balance. Imports are expected to add 3.0 percent on year, accelerating from 2.4 percent in November. Exports are called higher by 3.0 percent after adding 0.4 percent in the previous month. The trade balance is tipped to show a deficit of 55.5 billion Hong Kong dollars following the 52.2 billion HKD shortfall a month earlier.
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