Japan Industrial Production On Tap For Thursday

Japan will on Thursday release preliminary June numbers for industrial production, highlighting a modest day for Asia-Pacific economic activity.

Output is expected to add 0.3 percent on month and 1.3 percent on year after falling 2.1 percent on month and 3.9 percent on year in May.

Japan also will see June figures for vehicle production; in May, production was down 16.6 percent on year.

Australia will release June figures for building approvals and Q2 numbers for import and export prices.

Building approvals are expected to ease 1.0 percent on month and jump 19.5 percent on year after adding 2.4 percent on month and 17.6 percent on year in May. Import prices are tipped to add 1.5 percent on quarter after easing 0.2 percent in Q1. Export prices are called lower by 4.0 percent after dipping 0.8 percent in the three months prior.

New Zealand will provide data for building permits issued in June; in May, permits were flat on month.

Singapore will release unemployment data for Q2; forecasts put the jobless rate at 1.9 percent, up from 1.8 percent in the three months prior.

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

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