On Monday, South Korea is set to unveil its December figures for industrial production and retail sales, underscoring a significant day for economic activities in the Asia-Pacific region.
Projections for industrial output indicate a rise of 0.4% month-over-month and a 0.7% increase year-over-year, following a 0.7% decline monthly and a slight 0.1% increase annually in November. Retail sales had previously increased by 0.4% month-over-month.
Australia is poised to release its December data on building approvals and retail sales, along with January's commodity prices. In November, building approvals decreased by 3.6% month-over-month but rose 6.0% year-over-year. Retail sales are anticipated to drop by 0.7% month-over-month, after an increase of 0.8% in the prior month.
Indonesia will report its consumer price index figures for January. Overall inflation is expected to rise by 0.32% month-over-month and 1.88% year-over-year, building on a 0.44% monthly increase and 1.57% annual gain. The core CPI is anticipated to grow by 2.30% year-over-year, slightly higher than the 2.26% recorded previously.
Hong Kong will publish preliminary Q4 GDP figures and December retail sales data. Q3 figures showed a 1.1% quarter-over-quarter decline but a 1.8% year-over-year increase in GDP, while November retail sales dropped by 7.3% annually.
Several regional countries, including Australia, Indonesia, Japan (Jibun), Malaysia, the Philippines, South Korea, Taiwan, Thailand, Vietnam, and China (Caixin), will publish their respective manufacturing PMIs for January, as provided by S&P Global.
Lastly, the Chinese markets remain closed due to the Lunar New Year celebrations and are set to reopen on Wednesday.
