CANBERA (dpa-AFX) - The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a busy day in Asia-Pacific economic activity. The RBA is widely expected to keep its benchmark lending rate unchanged at 2.00 percent.
Australia also will see Q3 numbers for current account, October data for building approvals and November figures for the AiG Performance of Manufacturing Index and the RBA's commodity price index.
The current account deficit is called at A$16.5 billion, up from the A$19.0 billion shortfall in the second quarter. Building approvals are tipped to fall 2.5 percent on month and rise 5.7 percent on year after adding 2.2 percent on month and 21.4 percent on year in September.
The manufacturing index had a score of 50.2 in October, while the commodity index tumbled 19.8 percent to a score of 79.1.
China will release November results for its official manufacturing and non-manufacturing PMIs. The manufacturing PMI is expected to show a score of 49.9, up from 49.8 in October. The non-manufacturing index had a score of 53.1 in October.
China also will see November results for the manufacturing, services and composite indexes from Caixin. In October, they had scores of 48.3, 52.0 and 49.9, respectively.
Japan will provide Q3 numbers for capital spending and company profits and November numbers for vehicle sales. Spending is expected to add 2.2 percent after gaining 5.6 percent in the second quarter, while profits jumped 23.8 in Q2. Vehicle sales added 0.2 percent on year in October.
South Korea will release November numbers for imports, exports, trade balance and inflation. Imports are expected to fall 14.7 percent on year after losing 16.6 percent in October. Exports are called lower by 9.0 percent after shedding 15.8 percent in the previous month. The trade surplus is called at $6.6905 billion after coming in at $6.69 billion a month earlier.
Inflation was flat on month and up 0.9 percent on year in October, while core CPI gained 0.2 percent on month and 2.3 percent on year.
Finally, a number of regional countries will see November results for the manufacturing PMIs from Nikkei, including Japan (52.4 in October), South Korea (49.1), Vietnam (50.1), Taiwan (47.8), Malaysia (48.1) and Indonesia 47.8).
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