New Zealand will on Friday release June figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.
Imports are called at NZ$4.00 billion, down from NZ$4.01 billion in May. Exports are seen at NZ$4.05 billion, down from NZ$4.36 billion in the previous month. The trade surplus is called at NZ$100 million, down from NZ$350 million a month earlier.
China will see preliminary July results for the manufacturing PMI from Caixin (formerly the HSBC-sponsored PMI). Analysts are expecting a score of 49.7, up from 49.4 in June.
Japan will also see preliminary June numbers for the manufacturing PMI from Nikkei, with forecasts suggesting a score of 50.5 – up from 50.1 in June.
The Philippines will provide May numbers for imports and trade balance. Imports are tipped to fall 6.7 percent on year after tumbling 12.8 percent in April. The trade balance is expected to show a deficit of $100 million following the $301 million shortfall in the previous month.
Singapore will release June data for industrial production, with analysts expecting a gain of 1.7 percent on month and a decline of 0.4 percent on year. That follows the 2.4 percent monthly increase and the 2.3 percent yearly decline in May.
The material has been provided by InstaForex Company – www.instaforex.com