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Australia Trade Data Due On Thursday

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Australia Trade Data Due On Thursday
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Australia is on Thursday scheduled to release July trade data, highlighting a light day for Asia-Pacific economic activity.

The trade balance is expected to reflect a surplus of A$7.00 billion, down from A$8.036 billion in June. Imports were worth A$34.34 billion and exports were at A$42.38 billion.

New Zealand will provide Q2 figures for the volume of all building, with forecasts suggesting an increase of 1.3 percent on quarter following the 6.2 percent jump in the three months prior.

The Philippines will see August inflation figures and Q2 unemployment data. In July, inflation was up 0.2 percent on month and 2.4 percent on year. In Q1, the jobless rate was 5.1 percent with a participation rate of 61.4 percent.

South Korea will release July numbers for current account; in June, the current account surplus was 6.38 billion.

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