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Financial News: Australia GDP On Tap For Wednesday

Australia GDP On Tap For Wednesday

09/05/2017 - 18:01:00 (RTTNews)

(RTTNews) - Australia will on Wednesday release Q2 numbers for gross domestic product, highlighting a modest day for Asia-Pacific economic activity.

GDP is expected to add 0.8 percent on quarter and 1.8 percent on year after gaining 0.3 percent on quarter and 1.7 percent on year in the three months prior.

Japan will see July figures for labor cash earnings, with forecasts suggesting an increase of 0.5 percent on year following the 0.4 percent decline in June. Real cash earnings are called flat following the 0.8 percent decline in the previous month.

Malaysia will provide July figures for imports, exports and trade balance. In June, imports were worth 63.2 billion ringgit and exports were at 73.1 billion ringgit for a trade surplus of 9.9 billion ringgit.

Singapore will see August results for its private sector PMI from Nikkei; in July, the index score was 51.3.

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