Japan GDP On Tap For Wednesday

CANBERA (Alliance News) - Japan will on Wednesday release preliminary Q3 figures for gross ...

Alliance News 14 November, 2017 | 10:31PM
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CANBERA (Alliance News) - Japan will on Wednesday release preliminary Q3 figures for gross domestic product, highlighting a modest day for Asia-Pacific economic activity.

GDP is expected to rise 0.4% on quarter and 1.5% on year after adding 0.6% on quarter and 2.5% on year in the three months prior.

The GDP deflator is expected to gain 0.1% on year after falling 0.4% in Q2, and business spending is expected to slow to 0.3% from 0.5%.

Nominal GDP is expected to slow to 0.6% on quarter from 0.7% in the previous three months, and private consumption is tipped to fall 0.4% on quarter after rising 0.8% in Q2.

Japan also will see final September figures for industrial production, with little change expected from the previous reading that suggested a 1.1% monthly decline and a 2.5% yearly gain.

Australia will provide Q3 numbers for wage prices, and also see November results for the consumer confidence index from Westpac.

Wage prices are expected to gain 0.7% on quarter and 2.2% on year after adding 0.5% on quarter and 1.9% on year in Q2. The Westpac index jumped 3.6% in October to a score of 101.4.

Indonesia will release October figures for imports, exports and trade balance. In September, imports were worth USD12.78 billion and exports were at USD14.54 billion for a trade surplus of USD1.76 billion.

Copyright RTT News/dpa-AFX

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