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23:06 GMT
01
Nov 2009

South Korean Trade Balance On Tap For Monday

(RTTNews) - South Korea is scheduled to release October numbers for imports, exports, trade balance and inflation on Monday, headlining a busy day for Asia-Pacific economic news. Imports are expected to fall 16 percent on year following the 10.8 percent annual contraction in September. Exports are seen lower by 11.8 percent on year after the 7.2 percent annual decline in the previous month. The trade balance is expected to reflect a surplus of $4.3 billion following the $5.373 billion surplus a month earlier. Inflation is tipped to climb to 2.4 percent from the current 2.2 percent.

Australia will announce numbers for its third quarter house price index. Analysts are expecting prices to climb 3 percent on quarter and 4.3 percent on year following the 1.5 percent quarterly decline and the 1.4 percent annual contraction.

Indonesia will announce September data for imports, exports and trade balance, as well as October inflation. Imports are tipped to fall 17.3 percent after the 24.6 percent annual contraction in August. Exports are called lower by 12 percent on year following the 15.4 percent annual decline in the previous month. The trade balance is expected to show a surplus of $1.199 billion after the $1.25 billion surplus a month earlier. Inflation is forecast to hold steady at 2.83 percent.

Thailand will provide consumer price index numbers for October, with analysts expecting overall inflation to add 0.3 percent on year following the 1 percent annual decline in September. Core CPI is called lower by 0.1 percent on year, the same as in the previous month.

Hong Kong will release September numbers for retail sales. By value, forecasts call for an annual increase of 3.5 percent after the 0.2 percent decline in August. By volume, sales are expected to add 1.4 percent on year after the 1 percent contraction a month earlier.

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Posted in Categories: Australia, Economy, Releases.

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