Japan GDP Data Due On Friday

By | August 9, 2018

Japan will launch initial GDP numbers for the second quarter of 2018 on Friday, highlighting a hectic day for Asia-Pacific economic activity.

GDP is anticipated to include 0.3 percent on quarter and 1.4 percent on year after sliding 0.2 percent on quarter and 0.6 percent on year in the three months prior.

Japan likewise will see June results for its tertiary market index and July figures for manufacturer prices. The tertiary market index is anticipated to fall 0.3 percent on month after adding 0.1 percent in May. Producer rates are tipped to increase 0.2 percent on month and 2.9 percent on year after getting 0.2 percent on month and 2.8 percent on year in June.

New Zealand will launch July numbers for charge card costs; in June, total card costs was up 0.4 percent on month and retail costs was up 0.8 percent.

New Zealand also will see July results for the production PMI from BusinessNZ; in June, the index rating was 52.8.

Hong Kong will offer Q2 information for gross domestic product; in the three months prior, GDP was up 2.2 percent on quarter and 4.7 percent on year.

Singapore will release June numbers for retail sales; in May, sales added 0.1 percent both on month and on year.

Malaysia will see June figures for commercial production and joblessness. In May, production was up 3.0 percent on year, while the jobless rate was 3.3 percent and the involvement rate was 68.4 percent.

Indonesia will provide Q2 figures for current account; in the previous 3 months, the bank account deficit was $5.54 billion.

The material has been supplied by InstaForex Business – www.instaforex.com

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