Financial News: South Korea GDP Data Due On Thursday

South Korea GDP Data Due On Thursday

10/25/2023 - 18:00:00 (RTTNews)

(RTTNews) - South Korea will on Thursday release preliminary Q3 numbers for gross domestic product, highlighting a busy day for Asia-Pacific economic activity.

GDP is expected to rise 0.5 percent on quarter and 1.1 percent on year after adding 0.6 percent on quarter and 0.9 percent on year in the three months prior.

Japan will provide September figures for producer prices, with forecasts suggesting an increase of 2.0 percent on year, easing from 2.1 percent in August.

Australia will see Q3 data for import and export prices; in the previous three months, import prices fell 0.8 percent on quarter and export prices tumbled an annual 8.5 percent.

Singapore will release September numbers for industrial production and Q3 data for unemployment. Industrial production is expected to jump 8.3 percent on month and fall 1.8 percent on year after slumping 10.5 percent on month and 12.1 percent on year in August. The jobless rate in Q2 was 1.9 percent.

Hong Kong will provide September figures for imports, exports and trade balance. In August, imports were down 0.3 percent on month and exports fell 3.7 percent for a trade deficit of HKD25.6 billion.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Fed Chair Jerome Powell Calls Rate Cut Speculation 'Premature' (39 min(s), 32 sec(s) ago)
(RTTNews) - While forecasts suggest the U.S. central bank could start cutting interest rates as so ...Full Story»

U.S. Construction Spending Climbs More Than Expected In October (47 min(s), 32 sec(s) ago)
(RTTNews) - Construction spending in the U.S. rose by more than expected in the month of October, ...Full Story»

U.S. Manufacturing Index Indicates Continued Contraction In November (36 min(s), 32 sec(s) ago)
(RTTNews) - The Institute for Supply Management released a report on Friday showing a continued co ...Full Story»

UK Manufacturing Downturn Eases In November (13 min(s), 28 sec(s) ago)
(RTTNews) - The downturn in British manufacturing activity softened in November as output and new ...Full Story»

Irish Economy Shrinks 1.9% In Q3, More Than Estimated (45 min(s), 28 sec(s) ago)
(RTTNews) - Ireland's economy contracted slightly more than initially estimated in the third ...Full Story»

Eurozone Factory Sector Downturn Slows (01 hr(s), 16 min(s), 28 sec(s) ago)
(RTTNews) - Euro area manufacturing sector remained in the contraction zone but deterioration in p ...Full Story»

Swiss Economy Recovers In Q3 (02 hr(s), 27 min(s), 28 sec(s) ago)
(RTTNews) - Switzerland's economy rebounded in the third quarter underpinned by exports and co ...Full Story»

Irish Manufacturing Activity Stabilizes In November (03 hr(s), 48 min(s), 28 sec(s) ago)
(RTTNews) - Ireland's manufacturing activity signaled a stabilization in November amid rises i ...Full Story»