Australia is set to release its August building approval figures on Thursday, amidst a relatively quiet day for economic updates in the Asia-Pacific region. Expectations indicate a 6.1 percent decrease in overall building approvals compared to July’s 11.0 percent increase. Meanwhile, approvals for private homes are projected to increase by 0.5 percent, slightly down from 0.9 percent in the previous month.
In Japan, September data concerning bank lending and producer prices will be announced. Bank lending is anticipated to have increased by 2.9 percent year-on-year, a slight decline from August’s 3.0 percent rise. Producer prices are forecasted to decrease by 0.3 percent month-on-month and rise by 2.3 percent annually, following a previous month’s dip of 0.2 percent and a 2.5 percent increase on a yearly basis.
Malaysia will release its unemployment statistics for August, following a jobless rate of 3.3 percent recorded in July.
Lastly, Taiwan’s financial markets will remain closed on Thursday in observance of National Day and will resume operations on Friday.
