RTTNews - Japan is scheduled to release July numbers for its merchandise trade balance on Wednesday, setting the pace for a modest day in Asian economic news. Also due are July numbers for corporate service prices and small business confidence for August.
The merchandise trade balance is forecast to come in at 390 billion yen following the revised surplus of 507.5 billion yen in June. The adjusted balance is forecast at 342 billion yen, down from 438.2 billion yen in the previous month. Trade exports are projected lower by 38.4 percent on year after falling an annual 35.7 percent in June. Imports are expected to drop 42.5 percent on year after the 41.9 percent annual contraction a month earlier. Corporate service prices are expected to ease an annual 3.4 percent after the 3.2 percent decline in June. Small business confidence saw an index score of 41.1 in July.
Singapore is set to release July numbers for industrial production. Output is forecast to decline 1 percent on year after the 9.3 percent annual contraction in June. Seasonally adjusted, output is seen higher by 7.1 percent on month after the 9.2 percent decline in June.
The central bank of Thailand is scheduled to release its decision on interest rates at the conclusion of its monetary policy meeting. The bank is widely tipped to keep rates on hold at the current 1.25 percent.
Malaysia will announce Q2 data for gross domestic product, with analysts calling for a contraction of 5.1 percent on year following the 6.2 percent annual decline in the previous three months.
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