Financial News: Australia Unemployment Data Due On Thursday

Australia Unemployment Data Due On Thursday

05/17/2023 - 18:00:00 (RTTNews)

(RTTNews) - Australia will on Thursday release April figures for unemployment, headlining a modest day for Asia-Pacific economic activity.

The jobless rate is expected to hold steady at 3.5 percent, with the Australian economy tipped to add 25.0K jobs following the increase of 53.0K jobs in March. The participation rate is called steady at 66.7 percent.

Japan will provide April numbers for imports, exports and trade balance. Imports are expected to fall 0.3 percent on year after rising 7.3 percent in March. Exports are called higher by an annual 3.0 percent, easing from 4.3 percent in the previous month. The trade deficit is pegged at 613.8 billion yen following the 755.1 billion yen shortfall a month earlier.

New Zealand will see Q1 figures for producer prices. Inputs are expected to hold steady at 0.5 percent on quarter, while outputs are tipped to rise 0.8 percent, easing from 0.9 percent in the three months prior.

Hong Kong will see April figures for unemployment, with forecasts pinning the jobless rate at 2.9 percent - down from 3.1 percent in March.

Finally, the markets in Indonesia are closed in observance of Ascension Day and will reopen on Friday.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Slovakia Industrial Production, Trade Surplus Decline (22 min(s), 43 sec(s) ago)
(RTTNews) - Slovakia's industrial production declined in April, data from the Statistical Offi ...Full Story»

Turkey Industrial Production Contracts 1.2% (41 min(s), 43 sec(s) ago)
(RTTNews) - Turkey's industrial production declined in April after rebounding in the previous ...Full Story»

Swedish Economy Stagnates; Industrial Output Growth Accelerates (08 min(s), 43 sec(s) ago)
(RTTNews) - Sweden's economy remained unchanged in April after contracting in the previous two ...Full Story»

Russia Central Bank Signals Rate Hikes Ahead (39 min(s), 43 sec(s) ago)
(RTTNews) - The Bank of Russia left its key interest rate unchanged again on Friday but the forwar ...Full Story»

Finland Industrial Output Declines In April (51 min(s), 43 sec(s) ago)
(RTTNews) - Finland's industrial production logged a notable decline in April, figures from St ...Full Story»

Greece Inflation Eases Slightly To 2.8%, Lowest In 20 Months (22 min(s), 43 sec(s) ago)
(RTTNews) - Greece's consumer price inflation eased further in May to the lowest level in more ...Full Story»

Italy's Industrial Output Logs Steepest Fall In 7 Months (48 min(s), 43 sec(s) ago)
(RTTNews) - Italy's industrial production declined for the fourth successive month in April an ...Full Story»

Philippine Jobless Rate Falls To 4-Month Low (26 min(s), 43 sec(s) ago)
(RTTNews) - The Philippines' unemployment rate dropped for the second straight month in April ...Full Story»