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Financial News: Australia Unemployment Data Due On Thursday

Australia Unemployment Data Due On Thursday

09/12/2018 - 18:00:00 (RTTNews)

(RTTNews) - Australia will on Thursday release unemployment figures for August, highlighting a busy day for Asia-Pacific economic activity.

The jobless rate is expected to hold steady at 5.3 percent, with the addition of 18,000 jobs following the loss of 3,900 jobs in July. The participation rate is called at 65.6 percent, up from 65.5 percent.

Japan will provide July numbers for core machine orders and August data for producer prices.

Machine orders are tipped to gain 5.5 percent on month and 4.3 percent on year after tumbling 8.8 percent on month and adding 0.3 percent on year in June.

Producer prices are called steady on year at 3.1 percent, and to advance 1.0 percent on month after gaining 0.5 percent in July.

Hong Kong will release Q2 figures for industrial production; in the three months prior, industrial production was up 1.3 percent on quarter and 1.1 percent on year.

New Zealand will see food price numbers for August; in July, prices were up 0.7 percent on month.

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