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Financial News: Japan Machine Orders On Tap For Monday

Japan Machine Orders On Tap For Monday

09/10/2017 - 18:01:00 (RTTNews)

(RTTNews) - Japan will on Monday release July figures for core machine orders, highlighting a modest day for Asia-Pacific economic activity.

Machine orders are expected to rise 4.1 percent on month and fall 7.8 percent on year after sliding 1.9 percent on month and 5.2 percent on year in June.

Japan also will see July numbers for its tertiary industry index, as well as August data for money stock and machine tool orders.

The tertiary industry index is expected to add 0.1 percent following the flat reading in June, while machine tool orders surged 28.0 percent on year in July.

The M2 money stock is tipped to rise 4.1 percent on year after gaining 4.0 percent in July, while the M3 is called steady at 3.4 percent.

New Zealand will provide August figures for credit card spending. Overall card spending is expected to add 0.2 percent on month after falling 0.7 percent in July. Retail spending is called higher by 0.5 percent after losing 0.5 percent in the previous month.

Malaysia will see July numbers for industrial and manufacturing production. Industrial production is expected to rise 5.5 percent on year after gaining 4.0 percent in June. Manufacturing production is called higher by 4.9 percent, up from 4.7 percent in the previous month.

The Philippines will provide July figures for imports, exports and trade balance. In June, imports were worth $7.06 billion and exports were at $4.91 billion for a trade deficit of $2.15 billion.

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