Philippines Trade Balance On Tap For Tuesday

By @ibtimes on

RTTNews - The Philippines will release June numbers for imports and trade balance on Tuesday, headlining a modest day for Asian economic activity.

Imports are expected to fall 27.3 percent on year following the 24.3 percent annual contraction in the previous month. The trade balance is expected to reflect a deficit of $446 million after the $529 million shortfall a month earlier.

The Malaysian central bank will announce its decision on interest rates, with analysts broadly expecting the bank to keep the standard on hold at the current level of 2 percent.

Taiwan will provide M2 money supply figures for July, with forecasts calling for a 9.4 percent expansion on year after the 8.15 percent gain in June.

Hong Kong will release July data for imports, exports and trade balance. Imports are predicted to decline 15 percent on year following the 7.9 percent annual decline in June. Exports are called lower by 12 percent after the 5.4 percent fall in the previous month. The trade balance is expected to show a deficit of $13.4 billion following the $16.5 billion shortfall a month earlier.

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