CANBERA (dpa-AFX) - Indonesia is scheduled to release a full slate of data on Monday, setting the pace for a busy day in Asia-Pacific economic activity. On tap are January numbers for imports, exports and trade balance, plus February figures for inflation and manufacturing PMI.
Imports were worth $14.43 billion in December, while exports were at 14.62 billion for a trade surplus of $0.19 billion. Inflation is expected to rise 0.2 percent on month and 6.5 percent on year after shedding 0.24 percent on month and climbing 6.96 percent on year in January. The manufacturing PMI had a score of 48.5 a month earlier.
China will see final February results for the manufacturing PMI from HSBC, with little change expected from the preliminary reading of 50.1.
Thailand will provide February data for inflation, with forecasts suggesting an increase of 0.2 percent on month and a decline of 0.5 percent on year following the 0.4 percent monthly decline and the 0.2 percent yearly drop in January. Core inflation is tipped to fall 0.1 percent on month and add 1.3 percent on year. Producer prices were down 1.4 percent on month and 5.4 percent on year in the previous month.
Australia will see January numbers for new home sales, February figures for manufacturing, inflation forecast and commodity prices, plus Q4 data for inventories and company operating profits.
New home sales were down 1.9 percent on month in December, while the manufacturing PMI from AiG had a score of 49.0 in January. The inflation forecast from TD Securities called for an increase of 0.1 percent on month and 1.5 percent on year in January, while the commodity price index tumbled 20.4 percent on year to a score of 87.3. Company operating profits are expected to add 1.5 percent on quarter after gaining 0.5 percent in Q3, while inventories are tipped to add 0.5 percent after gaining 0.7 percent in the previous three months.
Japan will release Q4 data for company profits and capital spending, plus February figures for vehicle sales and the final score for the manufacturing PMI from Markit Economics.
Capital spending is expected to add 3.9 percent after gaining 5.5 percent in the third quarter; company profits were up 7.6 percent in Q3. Vehicle sales tumbled 18.9 percent on year in January. The preliminary manufacturing PMI reading called for a score of 51.5.
New Zealand will provide Q4 numbers for terms of trade, with analysts expecting a decline of 2.3 percent on quarter following the 4.4 percent decline in the third quarter.
South Korea will see January numbers for current account and industrial production, plus February numbers for the manufacturing PMI from Markit Economics.
Industrial production is expected to add 1.2 percent on month and 1.5 percent on year after adding 3.0 percent on month and 0.4 percent on year in December. The current account surplus in December was $7.66 billion, while the manufacturing PMI had a score of 51.1 in January.
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