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Financial News: Australia Unemployment Data Due On Thursday

Australia Unemployment Data Due On Thursday

09/13/2017 - 18:01:00 (RTTNews)

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

The jobless rate is expected to hold steady at 5.6 percent, with the addition of 20,000 jobs following the gain of 27,900 in July. The participation rate is expected to be unchanged at 65.1 percent.

China will provide August numbers for retail sales, industrial production and fixed asset investment.

Retail sales are expected to rise 10.5 percent on year, up from 10.4 percent in July. Output is tipped to gain an annual 6.6 percent after rising 6.4 percent in the previous month. FAI is pegged at 8.2 percent, down from 8.3 percent a month earlier.

Japan will release final July figures for industrial production; the previous readings suggested a decline of 0.8 percent on month and a gain of 4.7 percent on year, while capacity utilization gained an annual 2.1 percent.

New Zealand will see September data for the consumer confidence index from ANZ; in August, the index added 0.6 percent on month to a score of 126.2.

Hong Kong will release Q2 figures for industrial production and producer prices. In the three months prior, industrial output added 0.2 percent on quarter and fell 1.0 percent on year, while producer prices jumped an annual 4.2 percent.

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