CANBERA (dpa-AFX) - Japan is scheduled to release a batch of data on Monday, highlighting a modest day for Asia-Pacific economic activity. On tap are preliminary Q3 figures for gross domestic product, as well as September numbers for tertiary industry and loans and discounts, plus October data for corporate goods prices and machine tool orders.
GDP is expected to contract 0.9 percent on quarter and 3.4 percent annualized after adding 0.2 percent on quarter and 0.7 percent on year in the second quarter. Nominal GDP is expected to fall 0.9 percent on quarter after shedding 0.3 percent in the previous three months.
Tertiary industry is projected to slide 0.1 percent on month after collecting 0.4 percent in August, while loans and discounts were up an annual 0.2 percent in the previous month. Corporate goods prices are expected to fall 0.2 percent on month and 0.8 percent on year after rising 0.3 percent on month and shedding 1.4 percent on year in September. Machine tool orders were down 2.8 percent on year in September.
Australia will release September numbers for home loans and credit card spending, as well as the October results for the NAB business confidence survey.
Home loans are forecast to rise 1.0 percent after climbing 1.8 percent in August; the value of loans was up 1.3 percent in the previous month. Credit card purchases were at A$21.7 billion in August, while card balances stood at A$49.2 billion. The business confidence survey saw a score of 0 in September, while conditions came in at -3.
Copyright RTT News/dpa-AFX