China Manufacturing PMIs On Tap For Thursday

China will on Thursday see August results for the official manufacturing and non-manufacturing PMIs, highlighting a busy day in Asia-Pacific economic activity.

The manufacturing PMI is expected to hold steady with a score of 49.9, while the non-manufacturing PMI is also see unchanged at 53.9.

China also will see the August results for the manufacturing PMI from Caixin, with forecasts suggesting a score of 50.1 - down from 50.6 in the previous month.

New Zealand will release Q2 numbers for terms of trade, with forecasts suggesting a decline of 1.5 percent on quarter following the 4.4 percent increase in the three months prior.

Australia will see August results for the Performance of Manufacturing Index from AiG; in July, the index score was 56.4.

Japan will provide Q2 numbers for capital spending/ In the first quarter, capex excluding software was up 4.3 percent, while company profits fell 9.3 percent and company sales slid 3.3 percent.

Japan also will see final August numbers for the manufacturing PMI from Nikkei; the previous reading was 49.3.

South Korea will release August numbers for imports, exports, trade balance and consumer prices, as well as July data for current account.

In July, imports were down 14.4 percent on year and exports fell 10.2 percent for a trade surplus of 7.8 billion.

Overall inflation was up 0.1 percent on month and 0.7 percent on year, while core CPI added 0.1 percent on month and 1.6 percent on year. The current account surplus in June was $12.17 billion.

Australia will provide Q2 data for private capital expenditure and July figures for retail sales. Capex is expected to fall 4.1 percent on quarter after slipping 5.2 percent in the first quarter. Retail sales are tipped to add 0.3 percent on month after gaining 0.1 percent in June.

Australia also will see August numbers for the RBA's commodity index; in July, the index slipped 2.0 percent on year to a reading of 90.5.

Indonesia will release August numbers for consumer prices. In July, inflation was up 0.69 percent on month and 3.21 percent on year, while core CPI added 0.39 percent on month and 3.49 percent on year.

Thailand will provide August figures for consumer and producer prices. In July, consumer prices were down 0.35 percent on month and up 0.1 percent on year, while core CPI added 0.06 percent on month and 0.8 percent on year and producer prices slipped 0.3 percent on month and 0.8 percent on year.

Finally, a number of countries will see August results for manufacturing PMIs from Nikkei, including South Korea (50.1 in July), Taiwan (51.0), Indonesia (48.4), Malaysia (48.1) and Vietnam (51.9).


The material has been provided by InstaForex Company - www.instaforex.com