PEKING (dpa-AFX) - South Korea is slated to release a batch of data on Thursday, highlighting a busy day for Asian economic activity. On tap are November figures for imports, exports, trade balance and consumer prices.
Imports are expected to rise 12.4 percent on year after rising 15.6 percent in October. Exports are called higher by 10.4 percent after collecting 8.0 percent in the previous month. The trade balance is expected to show a surplus of $2.704 billion, down from the $4.067 billion surplus a month earlier. The inflation rate is expected to come in at 4.4 percent, surging from 3.9 percent in October.
China will announce the November results of its manufacturing PMI and the HSBC Manufacturing PMI. The national PMI is expected to come in at 49.9, down from 50.4 in October and dipping below the boom or bust level of 50.0. The HSBC reading stood at 51.0 in October.
Thailand will provide inflation data for November, with the overall figure expected to rise to 4.4 percent from 4.19 percent in October. Core CPI is called at 2.95 percent, rising from 2.85 percent a month earlier.
Indonesia will release October numbers for imports, exports and trade balance, as well as the November figure for inflation. Exports are expected to jump an annual 22.7 percent after surging 46.28 percent in September. The trade balance is tipped to show a surplus of $2.35 billion, down from $2.72 billion in the previous month. The inflation rate is expected to come in a t4.2 percent, easing from 4.42 percent in October.
The central bank of the Philippines will conclude its monetary policy meeting and then announce its decision on interest rates. The bank is widely expected to keep rates on hold at 4.50 percent.
Hong Kong will provide October numbers for retail sales. By value, sales are expected to jump 20.4 percent on year after climbing 24.1 percent in September. By volume, sales are called higher by 13.3 percent after collecting 15.2 percent in the previous month.
Japan will announce November numbers for official reserve assets and vehicle sales. Assets were at $1.209 trillion in October, while vehicle sales jumped 28.3 percent on year.
Copyright RTT News/dpa-AFX