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Financial News: Australia Building Approval Data Due On Thursday

Australia Building Approval Data Due On Thursday

05/29/2019 - 18:04:00 (RTTNews)

(RTTNews) - Australia will on Thursday release April numbers for building approvals, highlighting a modest day for Asia-Pacific economic activity.

Approvals are expected to be flat on month and down 22.4 percent on year after tumbling 15.5 percent on month and 27.3 percent on year in March.

Australia also will see Q1 figures for private capital expenditure, with forecasts suggesting a gain of 0.5 percent following the 2.0 percent increase in the three months prior.

New Zealand will provide April data for building permits; in March, permits were down 6.9 percent on month.

Malaysia will release April numbers for producer prices; in March, producer prices were down 0.3 percent on month and 1.5 percent on year.

The Philippines also will see April PPI data; in March, producer prices were up 0.02 percent on month and 3.6 percent on year.

Finally, the markets in Malaysia are closed on Thursday and Friday for the Harvest Festival and will re-open on Monday. Indonesia also is shuttered on Thursday for Ascension Day and will be back in action on Friday.

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