CANBERA (dpa-AFX) - Australia is scheduled to release a batch of data on Monday, highlighting a modest day for Asia-Pacific economic activity. On Tap are January figures for building approvals, February numbers for inflation forecast and job ads, and Q4 data for operating profits and inventories.
Building approvals are expected to rise 2.8 percent on month and 8.1 percent on year following the 4.4 percent monthly decline and the 9.3 percent annual contraction in December. Inflation forecasts were up 0.3 percent on month and 2.5 percent on year in January, while job ads are expected to add 0.6 percent on month after dipping 0.9 percent in the previous month. Inventories are expected to fall 1.0 percent after rising 1.1 percent in the previous three months - when operating profit also fell 2.9 percent.
Japan will provide February numbers for monetary base; in January, monetary base climbed 10.9 percent on year.
New Zealand will announce February figures for commodity prices; in January, prices were up 0.3 percent.
South Korea will release February data for inflation, which was up 0.6 percent on month and 1.5 percent on year in January. Core CPI was up 0.4 percent on month and 1.2 percent on year.
Hong Kong will announce retail sales data for January; in December, sales climbed 8.1 percent on year.
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