30th Jun 2015 22:00
CANBERA (Alliance News) - The Bank of Japan will on Wednesday release the results of its quarterly Tankan survey of business sentiment, highlighting a very busy day in Asia-Pacific economic activity.
The large manufacturers' index is expected to show a score of 12, unchanged from the previous three months - while the outlook is tipped to climb to 14 from 10. Capex is called higher by 5.3% after it was expected to slip 1.2% in the three months prior.
Japan also will see June results for the manufacturing PMI from Markit Economics; last month's preliminary reading suggested a score of 49.9 - down from 50.9 in May.
Australia will see May numbers for building approvals and its commodity index, plus June figures for the Performance of Manufacturing Index from AiG.
Building approvals are expected to add 1.2% on month and 14.4% on year after losing 4.4% on month and rising 16.3% on year in April. The commodity price index tumbled 19.5% on year in May to a score of 79.2. The manufacturing index had a score of 52.3 in May.
China will see final results of the manufacturing PMI from HSBC, as well as June numbers for the country's official manufacturing and non-manufacturing PMIs.
The HSBC PMI is expected to be unrevised from last month's preliminary reading at 49.6 - up from 49.2 in May. The official manufacturing PMI was at 50.2 in May, while the non-manufacturing PMI came in at 53.2.
South Korea will release June numbers for imports, exports and trade balance. Imports are expected to fall 10.8% on year after losing 15.4% in May. Exports are called lower by 2.0% after dipping 10.9% in the previous month. The trade balance is expected to show a surplus of USD8.487 billion, up from USD6.301 billion a month earlier.
Also on tap for Korea are June numbers for inflation in May, overall CPI was up 0.3% on month and 0.5% on year, while core CPI added 0.3% on month and 2.1% on year.
South Korea also will see June figures for the manufacturing PMI from Markit Economics, with forecasts suggesting a score of 48.5 - up from 47.8 in May.
Thailand will provide June figures for consumer and producer prices, with forecasts suggesting a decline of 1.0% on year following the 1.27% contraction in May. Core CPI is tipped to add 1.0% after gaining 0.94% in the previous month. PPI was up 1.2% on month in May and down 4.8% on year.
Indonesia will see June data for consumer prices, with inflation tipped to have risen 7.4% on year and 0.5% on month after gaining 7.15% on year and 0.5% on month in May. Indonesia also will see June numbers for the manufacturing PMI from Markit Economics; in May, the PMI score was 47.1.
Taiwan will see June figures for the manufacturing PMI from HSBC; in May, the PMI score was 49.3.
Finally, the stock markets in Hong Kong and Thailand are closed on Wednesday for Sar Establishment and the Mid-Year holiday, respectively. They will re-open on Thursday.
Copyright RTT News/dpa-AFX