RTTNews - Thailand is scheduled to release second quarter figures for gross domestic product on Monday, headlining a modest day for Asia-Pacific economic activity. Analysts are predicting that the Thai economy contracted 5.1 percent on year after the 7.1 percent annual decline in the previous three month. On a seasonally adjusted quarterly basis, GDP is expected to climb 2.3 percent following the 1.9 percent fall in the previous quarter.
Singapore will provide consumer price index data for July. Forecasts call for a 0.3 percent increase on year after the 0.5 percent annual decline in June.
Taiwan will provide July numbers for commercial sales, export orders, industrial production and unemployment. Commercial sales are seen lower by 4.2 percent on year after the 5.32 percent annual decline in June. Export orders are projected to fall 9.67 percent on year after shedding 10.91 percent in the previous month. Industrial output is forecast to fall an even 10 percent on year after dropping 11.35 percent a month earlier. The unemployment rate is expected to come in at 5.9 percent, up from the current 5.32 percent.
Australia will release July numbers for new motor vehicle sales, which fell 7.2 percent on year but rose 5.7 percent on month in June.
Japan will list data for July supermarket sales, which fell an annual 4.4 percent in June.
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