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Financial News: Australia Inflation Data Due On Wednesday

Australia Inflation Data Due On Wednesday

07/28/2020 - 18:00:00 (RTTNews)

(RTTNews) - Australia will on Wednesday release Q2 numbers for consumer prices, highlighting a busy day for Asia-Pacific economic activity.

Inflation is expected to sink 2.0 percent on quarter and 0.4 percent on year after rising 0.3 percent on quarter and 2.2 percent on year in the three months prior. The Reserve Bank of Australia's trimmed mean is expected to add 0.1 percent on quarter and 1.4 percent on year, while the weighted median is expected to gain 0.1 percent on quarter and 1.2 percent on year.

Taiwan will provide July results for its consumer confidence index; in June, the index score was 68.77.

Singapore will see June figures for import and export prices and producer prices, as well as Q2 numbers for unemployment. In May, export prices were down 10.0 percent on year, while import prices sank 12.7 percent and producer prices tumbled 14.4 percent. The jobless rate in Q1 was 2.4 percent.

Thailand will release June numbers for industrial production; in May, output plummeted 23.9 percent on year.

Hong Kong will provide an advance estimate for Q2 GDP; in the three months prior, GDP sank 5.3 percent on quarter and 8.9 percent on year.

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