TOKYO (dpa-AFX) - Japan is scheduled to release a raft of data on Friday, highlighting a busy day for Asia-Pacific economic activity. On tap are November figures for industrial production, household spending, inflation, unemployment and retail sales, as well as December results for the Nomura Manufacturing PMI.
Industrial production is expected to fall 0.5 percent on month and 4.6 percent on year after rising 1.6 percent on month and falling 4.5 percent on year in October. Household spending is called higher by 0.7 percent on year after easing 0.1 percent in the previous month. Inflation is expected to rise to -0.2 percent from -0.4 percent, while core CPI is tipped to ease to -0.1 percent from a flat reading a month earlier.
The unemployment rate is expected to hold steady at 4.2 percent, while retail sales are tipped to rise 0.4 percent on month and 1.1 percent on year after rising 0.8 percent on month and shedding 1.2 percent on year in October. The manufacturing PMI saw a score of 46.5 in November.
South Korea will release November numbers for industrial production and current account. In October, output was up 0.6 percent on month and down 0.8 percent on year, while the current account surplus was $5.82 billion.
Singapore will provide November data for producer prices; in October, prices were down 0.9 percent on month and 2.1 percent on year.
Copyright RTT News/dpa-AFX