Japan Producer Price Data On Tap For Friday

(RTTNews) - Japan will on Friday release October numbers for producer prices, highlighting a busy day for Asia-Pacific economic activity.

Producer prices are expected to be flat on month and slip 2.6 percent on year after showing flat on month and down 3.2 percent on year in September.

Japan also will see September results for its tertiary industry index, with forecasts suggesting a decline of 0.2 percent on month following the flat reading in August.

The Bank of Korea will wrap up its monetary policy meeting and then announce its decision on interest rates. The central bank is widely expected to keep its benchmark lending rate unchanged at 1.25 percent.

Malaysia will provide Q3 figures for GDP and current account, as well as September data for industrial and manufacturing production.

GDP is expected to add 0.6 percent on quarter and 4.0 percent on year after gaining 0.7 percent on quarter and 4.0 percent on year in Q2.

The current account surplus in the second quarter was 1.88 billion ringgit, while industrial production jumped 4.9 percent in August and manufacturing production climbed 4.6 percent.

Hong Kong will see Q3 numbers for GDP; in the second quarter, GDP was up 1.6 percent on quarter and 1.7 percent on year.

Indonesia will release Q3 numbers for current and financial account; in the second quarter, the current account deficit was $4.68 billion and the financial account surplus was 7.42 billion.