Australia is set to unveil a series of economic reports on Monday, kicking off a significant day for the Asia-Pacific region's economic indicators. The agenda includes October data on building approvals and retail sales, November statistics on commodity prices, and third quarter figures for company operating profits.
Expectations are that building approvals will increase by 1.2% month-on-month, a slowdown from September's 4.4% rise. Retail sales are anticipated to climb by 0.4% month-on-month, an improvement from the previous month’s 0.1% increase. Commodity prices experienced a 7.8% year-on-year decline in October. Profits are projected to rise by 0.6% for the quarter, following a 5.3% decrease over the preceding three months.
In Japan, third quarter data for capital expenditure is expected, with forecasts indicating a 6.7% annual increase, compared to a 7.4% rise in the previous quarter.
Indonesia will report November consumer price figures, with overall inflation predicted to rise by 0.26% month-on-month and 1.50% year-on-year, following October's monthly increase of 0.08% and annual gain of 1.71%. The core Consumer Price Index (CPI) is expected to increase by 2.21% year-on-year, slightly easing from 2.20% in the previous month.
Moreover, several regional countries will release December results for their respective manufacturing Purchasing Managers' Indexes (PMIs) as compiled by S&P Global. The list includes Australia (Judo), Indonesia, Japan (Jibun), Malaysia, the Philippines, South Korea, Taiwan, Thailand, Vietnam, and China (Caixin).
