RTTNews - China is scheduled to release a raft of data on Tuesday to headline the day's Asian economic news - including July numbers for consumer price index, producer price index, retail sales, urban fixed asset investment, imports, exports and trade balance.
CPI is expected to ease 1.6 percent on year after the 1.7 percent contraction a month earlier. PPI is called lower by an annual 8.3 percent following the 7.8 percent decline in June. Urban FAI is expected to rise 34 percent on year after the 33.6 percent annual increase a month earlier. Imports are forecast to fall 15 percent on year after the 13.2 percent annual fall in June. Exports are called lower by 23 percent on year after the 21.4 percent decline a month earlier. The trade balance is predicted to show a surplus of $10.6 billion after the $8.25 billion surplus in June.
Singapore will provide gross domestic product numbers for the second quarter. Analysts are predicting a 4 percent contraction on year following the 3.7 annual decline in the previous three months. On a quarterly basis, GDP is seen higher by 19.2 percent after the 20.4 percent expansion in the first quarter.
South Korea's central bank will hold its monetary policy meeting and announce its decision on interest rates. The bank is widely expected to keep rates on hold at 2 percent, but watchers will be looking for the bank's language about possibly moving out of its easing cycle and back to less fluid monetary policy.
Japan also is poised to release its decision on interest rates, with analysts expecting the central bank to hold rates at the record low 0.10 percent. Again, the bank's statement will be under scrutiny regarding future policy moves and attitudes. Japan also will release numbers for its monthly consumer confidence survey, which saw a score of 38.1 in the pervious month.
The Philippines will release July numbers for exports, with forecasts calling for a 23.5 percent decline on year following the 26.9 percent annual contraction in the previous month.
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