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Financial News: Australia Unemployment Data Due On Thursday

Australia Unemployment Data Due On Thursday

10/13/2021 - 18:00:00 (RTTNews)

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

The jobless rate is expected to climb to 4.8 percent from 4.5 percent in August, while the Australian economy is tipped to shed 137,500 jobs after losing 146,300 jobs in the previous month. The participation rate is expected to fall to 64.7 percent from 65.2 percent.

Singapore will see an advance estimate for Q3 gross domestic product; in the previous three months, GDP was down 1.8 percent on quarter and up 14.7 percent on year.

China will see September numbers for consumer and producer prices. CPI is expected to rise 0.3 percent on month and 0.9 percent on year, up from 0.1 percent on month and 0.8 percent on year in August. PPI is called higher by an annual 10.5 percent, accelerating from 9.5 percent a month earlier.

Japan will provide final August figures for industrial production; the previous reading suggested a decline of 1.5 percent on month and an increase of 11.6 percent on year.

Finally, the markets in Hong Kong are closed on Thursday for the Chung Yeung Festival and will re-open on Friday.

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