China will on Thursday see preliminary May results for the manufacturing PMI from HSBC, headlining a modest day for Asia-Pacific economic activity.
The PMI is expected to show a score of 49.3 – up from 48.9 in April, but still beneath the boom-or-bust line of 50 that separates expansion from contraction.
Japan will release preliminary May figures for the manufacturing PMI from Markit Economics. Forecasts suggest a reading of 50.3 – up from 49.9 in April, and moving above the boom-or-bust line of 50 that separates expansion from contraction.
Japan also will see March results for the all industry activity index, with forecasts suggesting a decline of 0.4 percent on month following the 0.1 percent increase in February.
Australia will provide its monthly inflation forecast for May; in April, the CPI forecast was for 3.4 percent.
New Zealand will release April data for credit card spending; in March, spending was up 0.6 percent on month and 5.2 percent on year.
Hong Kong will see April inflation data, with analysts expecting the rate to slide to 4.3 percent from 4.5 percent in March.
The material has been provided by InstaForex Company – www.instaforex.com